Originally Posted by adee-gee
Where the hell do you get odds of 1.50 vs 3.00
If I have someone at 1.50, the other guy would always be 2.50
a book at 100% will yield a market of one player at 1.50 and the other at 3.00
let me explain this to you
if you put 10 on player A @ 1.50, you will net 5 units
and if you put 5 units on player B @ 3.00, you will net 10 unit
if you make both these bets, you will invest 15 units, and be returned with 15 units, hence the 100% book.
Only exchanges can afford to offer such odds, although sometimes cross-arbing with different bookies/exchanges can also deliver the same outcome.