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hi . I 'm in the same situation with you. I have found this article and it is very useful.
I'm not a mathematician, so I have made a little progress. But, if you want any help, I am here.
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Excel and R programming's users. You can apply Kelly model and make need to measure the edge of overround by bookmakers. You are welcome to refer my previous research at http://rpubs.com/englianhu/ryoeng.
I 'll send one files to see my progress. It's named 'compiling, poisson, biv' .The macro I found it, it's not mine. I found it in here. http://www.sportsbettingcalculator.co.uk/compiling-football-odds/#comment-18262 . I 'll send it in email@example.com , because here has a limit.
One more thing, I don't know where to find historical odds for asian handicaps, so the results are NOT true. I'll wait any suggestions, or corrections.
Oh, by the way my name is Elefteria or Ria (it means freedom in greek). I'm from Greece.