What Is A Moneyline Bet?
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To figure out how much vig is in a market, one must perform some simple math based on the moneylines offered. This page has more information about the math behind the vig. The gist of it is, to get the “true” implied probability from a line, one must divide the implied probability of the line by the total implied probabilities of all options in the market. Before placing any moneyline bets, an experienced sports bettor will do extensive research into the game.