re: Common theme I'm hearing about the CFB Playoff rankings

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Gambling lines with Alabama are misleading a lot like the Colts in the old Peyton Manning days. People don't feel comfortable betting against Bama regardless of the spread, just like people didn't feel comfortable betting against Peyton Manning back in the day.

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People often misunderstand gambling lines anyways... it's not necessarily a predictor of what the believed outcome would be, but rather what does it take to induce bets on both sides in a reasonably even way, so that Vegas mitigates risk and "wins" on the vig. That has more to do with public perception than anything.