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-   -   Stupid question on the gambling thread........ (http://www.chiefsplanet.com/BB/showthread.php?t=72464)

LVNHACK 10-18-2003 10:03 AM

Stupid question on the gambling thread........
 
What is the money line............??????

Cntrygal 11-01-2003 11:33 PM

I don't think it's a stupid question. Is there a "gambling for dummies" laying around?

cdcox 11-02-2003 08:46 AM

There is another thread on this page about the money line, but I don't think those answers are correct. My understanding is that the negative number is how much money you have to lay down to win $100. The positive number is how much money you win if you lay down $100. Kind of confusing, but I think that is correct.

KCWolfman 11-02-2003 10:34 AM

Quote:

Originally Posted by cdcox
There is another thread on this page about the money line, but I don't think those answers are correct. My understanding is that the negative number is how much money you have to lay down to win $100. The positive number is how much money you win if you lay down $100. Kind of confusing, but I think that is correct.

That is correct. BTW, that is the way it is calculated and explained. I merely use the math to describe the situation and go about it by figuring the bet as the baseline, not the moneyline.

Anything you bet on a negative moneyline is divided by the percentage of the money bet. For example -180 would be the line. You place a $1000.00 bet and win. You would win $1000.00/1.8 = $556.00. You then subtract 10% for the house $556.00 - $56.00 = $500.00

Anything you bet on a positive moneyline is multiplied by the percentage of the money bet. For example +150 would be the line. You place a $1000.00 bet and win. You would win $1000*1.5 = $1500.00. You then subtract 10% for the house $1500.00 - $150.00 = $1350.00

KCWolfman 11-02-2003 10:35 AM

Quote:

Originally Posted by Cntrygal
I don't think it's a stupid question. Is there a "gambling for dummies" laying around?

Oh and CGal - Yes he is stupid. I hate him because he gets to do the coolest job in the world - other than oiling down Swedish bikini models. Therefore, my jealousy blinds my rationale.

Cntrygal 11-04-2003 07:12 AM

err..... thanks. I think.



:D


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