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Can someone help me with the vig% on Fanduel? Can someone help me with the vig% on Fanduel?

12-25-2012 , 12:47 AM
So I was thinking about playing Fanduel, but I cannot seem to figure out how the vig works.

You pay $10 to enter a heads up match. If you win your return is $18 which would make it seem like its a 10% vig because there is a total of $20 in the pool, and $2 is coming out which would be 10%. But when you think that you are wagering $10 to win $8 it seems like 25%.

A sit n go at PStars would be $11 to win $20. The differences I see is that you in Fanduel you only pay the vig if you lose, but in poker you both pay the vig before hand, and you don't get that back.


Fanduel:

Heads up Match $10 to win $18.


PokerStars $11 to win $20


Can somebody who is much smarter than me tell me the difference?
Can someone help me with the vig% on Fanduel? Quote
12-25-2012 , 01:03 AM
if you can't do simple math how do you expect to win?
Can someone help me with the vig% on Fanduel? Quote
12-25-2012 , 01:30 AM
Intuition yo.
Can someone help me with the vig% on Fanduel? Quote
12-25-2012 , 01:33 AM
Quote:
Originally Posted by ProbablyRsigley
if you can't do simple math how do you expect to win?
no idea. Was just curious. There are 2 different ways to calculate it.
Can someone help me with the vig% on Fanduel? Quote
12-25-2012 , 07:43 AM
In sports betting 50/50 propositions are often -110 (Risk $11 to win $10). If the odds were fair they would be $11 to win $11. So half the time you win. Half the time you're being shorted $1.00. On average that's being shorted $0.50 per bet. $0.5/$11=0.04545 which is 4.55% vig.

If a heads up fantasy match is a 50/50 proposition paying $20 to win $18, you are shorted $2 half the time which is $1 per. The vig is 1/20=0.05 which is 5% vig.

Both examples are theoretical. If your true chances are greater or less than 50% due to selections, skill level, cheating or anything else than, the vig is a different amount. In a match that is not 50/50 each player should theoretically calculate their vig differently. The more you're expected to win, the more vig is attributed to you. The less you are expected to win, the less the vig attributed to you. imo.

In poker terms. Do you only pay rake on pots you win?

Last edited by PropPlayer; 12-25-2012 at 07:48 AM.
Can someone help me with the vig% on Fanduel? Quote
12-25-2012 , 10:48 AM
Quote:
Originally Posted by PropPlayer
In sports betting 50/50 propositions are often -110 (Risk $11 to win $10). If the odds were fair they would be $11 to win $11. So half the time you win. Half the time you're being shorted $1.00. On average that's being shorted $0.50 per bet. $0.5/$11=0.04545 which is 4.55% vig.

If a heads up fantasy match is a 50/50 proposition paying $20 to win $18, you are shorted $2 half the time which is $1 per. The vig is 1/20=0.05 which is 5% vig.

Both examples are theoretical. If your true chances are greater or less than 50% due to selections, skill level, cheating or anything else than, the vig is a different amount. In a match that is not 50/50 each player should theoretically calculate their vig differently. The more you're expected to win, the more vig is attributed to you. The less you are expected to win, the less the vig attributed to you. imo.

In poker terms. Do you only pay rake on pots you win?
Cool post, thanks for that.
Can someone help me with the vig% on Fanduel? Quote
12-25-2012 , 11:42 AM
Think of it in terms of rake, not vig.

When you play a HU sng on Stars at $10+$1, you are paying 10% rake (1/10).

When you play a $10 HU contest on FD, you are actually paying $9+$1, therefore the rake is 11.11% (1/9).

The rake on FD starts to drop at $107 and up.

Some of the other sites have better rake structures, but if you're a tourney player, FD has the biggest by far.
Can someone help me with the vig% on Fanduel? Quote
12-25-2012 , 01:15 PM
Take for example a $100+$9 HU game. You pay $9 on rake for the chance to play a game with one of two results:

1) Win $100. Net +$91 after fees.
2) Lose $100. Net -$109 after fees.

In sports betting terms that's risking $109 to win $91 or around -120 fair odds (that carries a break-even win percentage of 54.5%).
Can someone help me with the vig% on Fanduel? Quote
12-25-2012 , 03:50 PM
Thanks for the posts. I've been doing fairly well on there, but wanted to know what win percentage I need to be at, to be profitable.
Can someone help me with the vig% on Fanduel? Quote
09-22-2014 , 06:14 PM
Quote:
Originally Posted by TomG
Take for example a $100+$9 HU game. You pay $9 on rake for the chance to play a game with one of two results:

1) Win $100. Net +$91 after fees.
2) Lose $100. Net -$109 after fees.

In sports betting terms that's risking $109 to win $91 or around -120 fair odds (that carries a break-even win percentage of 54.5%).
its -109 which is even better than the -110 sports betting
Can someone help me with the vig% on Fanduel? Quote
09-22-2014 , 07:42 PM
Quote:
Originally Posted by ProbablyRsigley
if you can't do simple math how do you expect to win?
where did he say he's trying to win, maybe he's just doing it for fun. way to be a dif rsig
Can someone help me with the vig% on Fanduel? Quote
09-22-2014 , 09:11 PM
Quote:
Originally Posted by EddyB66
Thanks for the posts. I've been doing fairly well on there, but wanted to know what win percentage I need to be at, to be profitable.
You need to be 55.55...% to be profitable.

$18 for a win times 0.555555 is equal to the $10 entry fee.
Can someone help me with the vig% on Fanduel? Quote
10-06-2014 , 04:02 AM
Quote:
Originally Posted by Mazatec
its -109 which is even better than the -110 sports betting
Post more.
Can someone help me with the vig% on Fanduel? Quote
10-22-2014 , 06:01 AM
A problem with this is that there are several ways to define vig. I am with Buffalo66 but I think of it like the vig to buy a number on craps where you overpay to make a bet. In this case you pay $10 to make a $9 bet: 11.1% vig. On Pokerstars you pay $11 to make a $10 bet: 10% vig. What you need to know with FD is that you have to win 5 out of 9 to break even. Win 5x$8 = lose 4x$10. On PS, you need to win 11 out of 20.

Last edited by redbanjos; 10-22-2014 at 06:21 AM.
Can someone help me with the vig% on Fanduel? Quote
10-22-2014 , 06:36 AM
Quote:
Originally Posted by redbanjos
A problem with this is that there are several ways to define vig. I am with Buffalo66 but I think of it like the vig to buy a number on craps where you overpay to make a bet. In this case you pay $10 to make a $9 bet: 11.1% vig. On Pokerstars you pay $11 to make a $10 bet: 10% vig. What you need to know with FD is that you have to win 5 out of 9 to break even. Win 5x$8 = lose 4x$10. On PS, you need to win 11 out of 20.
Post more.
Can someone help me with the vig% on Fanduel? Quote
10-22-2014 , 08:45 AM
Quote:
Originally Posted by RickySteve
Post more.
Why even post that? Because you can't act like a bitch to someone's face so you come here to do it?
Can someone help me with the vig% on Fanduel? Quote
10-22-2014 , 05:16 PM
Quote:
Originally Posted by RickySteve
Post more.
Post less. Or at least say something when you do.
Can someone help me with the vig% on Fanduel? Quote

      
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