re: LSU a 16 point favorite.

quote:

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What you are missing here is economics of scale and the fact that the line is a "living thing".

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I understand that the example was oversimplified with just two people betting, but the point is that if different bettors have different betting lines, just evening out the money on both sides doesn't guarantee the bookie makes money, regardless of scale. But, whatever. Bookies obviously make money so they somehow make it work.