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20 sats \ 3 replies \ @Undisciplined 22 Mar \ parent \ on: oddschecker's dutching calculator ideasfromtheedge
Is it taking advantage of odds mismatches across platforms (which would be super handy for fiat degenerates) or is it just helping people lock in minor losses?
Dutching's wicked useful when you've got a bunch of outcomes and just one's gonna win. It's basically a way to figure out how much to slap down on each bet so you get the same payout no matter which one comes through. Plus, it's a slick trick for finding those arbitrage plays. Like, if you've got a Dodgers game with win, draw, and lose options, you can lock in a profit by betting on all three. And it's a lifesaver for tournaments, too. You can spread your bets across four or five potential winners and rake in the same amount if any of them take the title.
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I get the idea, but if you're betting within a particular sports book the only equal return you could guarantee would be negative, since they offer less than fair odds.
I was building off of this idea, although I didn't know it's name, when I came up with [RBOA}(#342765).
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Stumbled on this thread, and damn! I used to do sports betting, even coded a dutching calculator in C#. If anyone needs the code, just let me know.
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