Pushing the limit on buy 5/9
Posted: Wed Nov 06, 2013 3:58 pm
The standard HE quoted for place 5/9 (4.00%) is less than that for buy 5/9 when vig is charged up front (4.76%) The caveat here is that you are always purchasing the number for exactly $20.
At a store that charges vig up front, has anybody ever tried to buy the 5/9 for a greater amount to reduce the HE to something lower than the place bet?
I remember $nakeeye$ asking a boxman about buying the 5/9 once, and the box pretty much said it was a dumb idea. $nakeeye$ wasn't necessarily trying to actually buy it, and I don't think he had the calculations figured out, but was rather just questioning if anybody would ever do it, so he didn't get a definitive answer as to whether or not it was allowed.
$36:
[(4/10)×53 + (6/10)×(-37)]/37 = [21.2 + -22.2] / 37 = -1/37 = 2.70%
$30:
[(4/10)×44 + (6/10)×(-31)]/31 = [17.6 + -18.6] -1 / 31 = -1/31 = 3.23%
$20:
[(4/10)×29 + (6/10)×(-21)]/21 = [11.6 + -12.6] -1 / 21 = -1/21 = 4.76%
At a store that charges vig up front, has anybody ever tried to buy the 5/9 for a greater amount to reduce the HE to something lower than the place bet?
I remember $nakeeye$ asking a boxman about buying the 5/9 once, and the box pretty much said it was a dumb idea. $nakeeye$ wasn't necessarily trying to actually buy it, and I don't think he had the calculations figured out, but was rather just questioning if anybody would ever do it, so he didn't get a definitive answer as to whether or not it was allowed.
$36:
[(4/10)×53 + (6/10)×(-37)]/37 = [21.2 + -22.2] / 37 = -1/37 = 2.70%
$30:
[(4/10)×44 + (6/10)×(-31)]/31 = [17.6 + -18.6] -1 / 31 = -1/31 = 3.23%
$20:
[(4/10)×29 + (6/10)×(-21)]/21 = [11.6 + -12.6] -1 / 21 = -1/21 = 4.76%