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re: Do the handicappers have it right?
Posted on 6/7/11 at 2:52 pm to ketchupmoney
Posted on 6/7/11 at 2:52 pm to ketchupmoney
"The line" is designed and adjusted as betting occurs to try and equalize the amounts wagered on each team. And the bookie collects the vig. So you bet 50 team A and I bet 50 team B. You lose and pay the bookie 55. He gives me 50 and pockets 5.
2
Posted on 6/7/11 at 2:56 pm to ljhog
quote:
Lines arent intended to be a "predictor" nor are they made to make betting "fair on both sides". That's laughable really. Lines have one purpose and one purpose only; to get equal money laid on both sides. You'd think someone who's been paying attn to them for 20 years would be aware of this fact.
This. I continue to be amazed at how many people don't understand this.
Vegas' whole goal is to make 10% of all the money gambled. As long as there is even money on both sides they don't give a shite.
Posted on 6/7/11 at 3:15 pm to ljhog
quote:
ljhog
who is that in your avi?
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