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Off Topic: What is the "BPP" in boxing odds?

Posted By: Golden
Date: Monday, 29 April 2013, at 9:16 p.m.

In Response To: Off Topic: What is the "BPP" in boxing odds? (leobueno)

From the help section of that site:

"What is the "best price percentage"?

For events in which every possible outcome is quoted (such as the winner of a tennis match), you can get an idea of value by looking at the best price percentage (BPP). Each bookmaker builds a margin or "over-round" into its odds, but by taking the best odds available this margin is usually dramatically reduced and occasionally removed completely. The lower the BPP the more value there is in betting on the event, and on the rare occasions when it drops below 100% you can make sure money by backing every possible outcome!"

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