More on this in a bit.Īs a bettor, you want lower hold percentages.
The theoretical hold is how much money the house would keep in a given market over an infinite amount of bets. Nevada held 3.6% of all money wagered in August 2020. The actual hold percentage refers to the percentage of money that the house keeps for every dollar wagered. You're paying even more of a premium when betting most futures than you are for a single NFL game, when the sportsbooks have a 4.55% hold.īaked into futures market is lots and lots of hold, often greater than 20%.īelow we'll explain what hold is, how to calculate hold on any futures market, and how to remove it to get true probabilities. When you look at futures odds for an event like the Super Bowl, you see all 32 teams at plus-money and some at longshot prices.īut just because you're getting greater than 6-1 on every team doesn't mean you're getting fair prices.
