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Q: Moneline wagering in sports. ( No Answer,   1 Comment )
Question  
Subject: Moneline wagering in sports.
Category: Sports and Recreation > Team Sports
Asked by: shaftless-ga
List Price: $2.00
Posted: 30 Sep 2003 15:22 PDT
Expires: 30 Oct 2003 14:22 PST
Question ID: 261674
The moneyline is a way to make a wager on sports.  If a team is -110
then if you wager 110 on them you would win 100.  If a team is +190
then if you wager 100 you win 190.  I am trying to figure out if there
is a formula or a way I can calculate these using excel.  For
instance:

If Team A is -110 then Team B is also -110
If Team A is -135 then Team B is +125
If Team A is -220 then Team B is +190

I have racked my brain trying to figure out how they are calculated. 
Let me know if you would like further clarification.
Answer  
There is no answer at this time.

Comments  
Subject: Re: Moneline wagering in sports.
From: xig-ga on 03 Oct 2003 09:52 PDT
 
The most likely thing is that they are literally looked from a table,
and that generating them "on the fly" wouldn't help you, because you
wouldn't have the traditional rounding or "adjustments" that were
made.  If you make such a table, you can use the vlookup function in
excel to lookup the answer for you.

That said, I'm fairly certain your numbers are slightly off or came
from different sources, because several fairly simple and sensible
answers explain 2/3 of them.   Try to post more (I'd say 10) and make
sure they're from the same source, or at least mark the source.

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