Olympic's vig on All-Star props

picasso · Feb 13, 2004

I was looking at Olympic's props for the All-Star Game. Here are their odds for the 3-point shootout:

101 Peja Stojakovic (Sac) -150
102 Kyle Korver (Phi) +600
103 Chauncey Billups (Det) +500
104 Voshon Lenard (Den) +500
105 Cuttino Mobley (Hou) +500
106 Rashard Lewis (Sea) +650

My math is a little rusty in this area, but if I'm calculating correctly, this adds up to an edge of 37.6%. I know Olympic has a rep for high vig on their props, but this seems ridiculously high even for them. Please tell me my math is off.

Looking around, Canbet is the only other book I've seen odds for in the 3-pt shootout:

Billups Chauncey (Det) +400
Korver Kyle (Phi) +300
Lenard Voshon (Den) +600
Lewis Rashard (Sea) +400
Mobley Cuttino (Hou) +600
Stojakovic Peja (Sac) +200

I calculate a 20.5% edge here.

Curious as to what Pinnacle's odds will be. They don't have props posted yet.

lurkerforages · Feb 13, 2004

You math is a little off.
The first one is 27.34% and the second is 21.2%

Pretty disgusting.

D2bets · Feb 13, 2004

Pinnacle's hold is 17.75%

Canbet's current hold is 23.69%

Pinnacle has the best odds on every one of them except for Peja where Canbet is offering +110. Combine that with Pinny abd the hold goes down to 10.52%.

simpleton · Feb 13, 2004

Without a history to work off of, and being the first to post odds on this exhibition, of course the books hold will be significantly higher than a typical football or basketball game. You have 6 betting opportunities on this play, and if you don't find value on any of the plays, then move on and look at something else. Nothing disgusting about these odds on an exhibition.....what I find disgusting is shops that are so loose with their numbers and then are unable to pay their players....see Panam and many others.