My Derby odds

[Dunbar]

Originally Posted by philcski

As for making the line- I figured takeout in as well- your line has a takeout of about 30%, this game is tough enough at 16%

The easiest way to figure it is start with $120 and distribute it such that you pay out $100 (for a 16% takeout.) So if you think IWR will be favored at 3-1, he will have $25 on his nose ($25 original returned plus $75 paid in 3/1 winnings). Next if you think Dunkirk will be 9/2, that means he'll have $18.20 on his nose ($18.20 plus $81.80 in 9/2 winnings.) Work iteratively down till you've spent all the money. Then you can go back and adjust up or down when you see your first cut.

Beg to differ, Phil! That's the 2nd easiest way. The easiest way is to use my free "Line Adjuster" Excel sheet. Put in your first guess at the odds for each horse and the sheet adjusts the line to any specified takeout.

Nice work on your line.

--Dunbar