roach23 said:
That is for favorites, there is a different formula for dogs.
Formula for favorites (teams laying negative juice) is
100/((100/ML)+1)= your money line bet
Then bet all the winnings from the above on the -1.5 line
ML is whatever the line is of the favorite; i.e.,
-135 to win 100
Formula for dogs (teams getting positive juice) is
100/((ML/100)+1)= your money line bet
Then bet all the winnings from the above on the -1.5 line
ML is whatever the line is of the dog; i.e., 100 to win
+125
That is for $100 units, then you have to adjust for your units. It is easiest if you put that formula in excel with a reference to a cell for the ML that you can change for each play.