Trying to understand the Las Vegas odds.

Discussion in 'The Tiger's Den' started by lyoun11, Oct 7, 2008.

  1. tirk

    tirk im the lyrical jessie james

    that would matter if they set the line according to whom they thought would win.

    it changes like a stock price to keep the money even. doesnt always work out that way but thats the intent. usually.
     
  2. red55

    red55 curmudgeon Staff Member

    True dat for the Books . . . but for the Wise Guys?
     
  3. tirk

    tirk im the lyrical jessie james

    yep.


    there are exceptions though. impossible to balance all the games and when they arent you can usually guess who wins.
     
  4. lyoun11

    lyoun11 Founding Member

    OK, so based on what you guys are saying, then it is actually possible, unlikely I know, but possible for the Vegas picked winner to change. Say they're giving LSU 1 point and everybody starts picking LSU, the only thing that would balance the lines would be to transfer to giving florida 1 point. Correct???
     
  5. TigerBait3

    TigerBait3 Guest

    That is correct. For example Auburn opened up as a 3.5 point favorite over us. Vegas knew people would put money on LSU so that is why it opened so high. By Friday LSU was a 1.5 point favorite. Those numbers probably arent exact but that is how it can work.
     
  6. tirk

    tirk im the lyrical jessie james

    would go to a pick 'em first but happens a good bit.

    Green Bay opened as a 1 point favorite over Seattle and now are 2 pt dogs.

    home dogs are often a smart play even if the team sucks.
     

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