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re: Bama opens as 7 pt favorite over LSU

Posted on 11/1/15 at 7:02 pm to
Posted by ForeLSU
The Corner of Sanity and Madness
Member since Sep 2003
41525 posts
Posted on 11/1/15 at 7:02 pm to
quote:

Are you sure? It moving around is why I thought it was the ML. Do we know it is?


No, that's just the cost of the bet. A money line would have one positive and one negative number. Right now, for example, the VI consensus on the World Series tonight is Mets -145, Royals +130.

I don't fully understand the specifics around moving the bet around (adjusting the juice) on a spread bet, but it's their attempt to further balance the pool without moving the line.
Posted by demtigers73
Coastal Club
Member since Aug 2014
5533 posts
Posted on 11/1/15 at 7:02 pm to
And?? Memphis was a 20 point dog to Ole Miss, FL was too how'd that end!!

frick Vegas!!
Posted by Big Scrub TX
Member since Dec 2013
33603 posts
Posted on 11/1/15 at 7:13 pm to
quote:

Of course it is how it works. Why was an unranked usc team favored over top 6 utah? Vegas thinks bama is the better team. They have their own poll and its always the most legit poll. Lets hope the tigers can prove them wrong!


"Vegas" = global betting market. The wisdom of crowds is probably better wisdom than any individual, but it is still just a probabilistic statement and not an absolute one.
Posted by blueboy
Member since Apr 2006
56476 posts
Posted on 11/1/15 at 7:19 pm to
quote:

If you think perception doesn't influence a line, you are absolutely ignorant.
They don't care about perception.

And no one said Vegas knows exactly what the final margin will be, just that they base the line on what they believe to be an advantage by one team over another.

Stop being a nut. No one is saying that Bama is absolutely going to win.
Posted by lsusteve1
Member since Dec 2004
42041 posts
Posted on 11/1/15 at 7:54 pm to
They want the LSU betting early and people are gonna take LSU +7.

They'll get Bama betting when it gets -5 or less (to even out the betting)
Posted by grape nutz
sesame street
Member since Mar 2006
2780 posts
Posted on 11/1/15 at 8:08 pm to
When you see Bama -7 -130 it means they dont want to move the number off a key number 7. So they adjust its price.

If you take bama you bet 130 to win 100. If you take LSU its 100 to win 120.

It means money is coming in on bama and they dont want to move it to -8 so they simply adjust its price.

Posted by RB10
Member since Nov 2010
44021 posts
Posted on 11/1/15 at 8:08 pm to
quote:

Of course it is how it works. Why was an unranked usc team favored over top 6 utah? Vegas thinks bama is the better team. They have their own poll and its always the most legit poll. Lets hope the tigers can prove them wrong!




You're an idiot and clearly have no clue how Vegas operates when it comes to sports betting.
Posted by tigerpimpbot
Chairman of the Pool Board
Member since Nov 2011
67021 posts
Posted on 11/1/15 at 8:16 pm to
Have to go there and earn some respect
Posted by GRTiger
On a roof eating alligator pie
Member since Dec 2008
63226 posts
Posted on 11/1/15 at 8:17 pm to
quote:

If you take bama you bet 130 to win 100. If you take LSU its 100 to win 120.


Where are you seeing these numbers?
This post was edited on 11/1/15 at 8:18 pm
Posted by TheSexecutioner
Member since Mar 2011
5253 posts
Posted on 11/1/15 at 8:18 pm to
Jesus, some of y'all are confused. Its a market. With rational agents(smart money) who price out the irrational agents. Joe Blow from Tuscaloosa irrationally betting $100 on his favorite team isn't going to matter. There are bankrolled cappers who do this for a living. If the line gets far from their expected result, they jump on it. How many people are on each side are irrelevant. How much money is is what matters. So the finite "stupid money" ends up being without effect. It will return itself to equilibrium. No different than the stock market or anything.

Vegas isn't magically perfect because some people who work for casinos are really big football fans. Its just a reflection of a market made relatively perfect by the fact that if the line is wrong by more than the 10% juice leeway, the most rational sports betters(pro handicappers) will bet on the favorable line. And they won't stop. If its high positive equity value, they will bet it until its not.
Posted by tigerpimpbot
Chairman of the Pool Board
Member since Nov 2011
67021 posts
Posted on 11/1/15 at 8:19 pm to
quote:



"Vegas" = global betting market. The wisdom of crowds is probably better wisdom than any individual, but it is still just a probabilistic statement and not an absolute one.


Vegas is about that action, boss
Posted by ForeLSU
The Corner of Sanity and Madness
Member since Sep 2003
41525 posts
Posted on 11/1/15 at 8:20 pm to
I think he's just using those numbers as an example, although that is a money line example...
Posted by TheSexecutioner
Member since Mar 2011
5253 posts
Posted on 11/1/15 at 8:22 pm to
quote:

You're an idiot and clearly have no clue how Vegas operates when it comes to sports betting.


Not really. That is, more or less, how it works.
Posted by grape nutz
sesame street
Member since Mar 2006
2780 posts
Posted on 11/1/15 at 8:32 pm to
yes it was just an example. But no a moneyline is without a spread. Im explaining why a line sometimes has different juice than -110.
Posted by GRTiger
On a roof eating alligator pie
Member since Dec 2008
63226 posts
Posted on 11/1/15 at 8:34 pm to
Are there no actual ML numbers out there for this game yet? I understand how ML works, I just assumed wrongly that those numbers in the link were the ML numbers.
Posted by DEG
Atlanta
Member since Jul 2009
10541 posts
Posted on 11/1/15 at 8:40 pm to
quote:

RB10


Vegas has had this as. -7.5 to -6.5 line for two weeks. Take emotion out of it and it will start to make sense.

At the end of the day it's one score, potentially one play. But Bama is at home, their defense is legit, ours has given up big plays against every opponent we've played. And that's not counting special teams.
Posted by ForeLSU
The Corner of Sanity and Madness
Member since Sep 2003
41525 posts
Posted on 11/1/15 at 8:45 pm to
quote:

Are there no actual ML numbers out there for this game yet?


don't know, I admittedly don't follow this much, are there ever money lines for CFB?
Posted by LSUfan4444
Member since Mar 2004
53964 posts
Posted on 11/1/15 at 8:53 pm to
Bama is 3-5 ATS this yr and 0-5 at home ATS. Last yr they were 5-9 and 3-4 at home ATS. Public bets em and Vegas takes their money
Posted by LSU92
New Orleans
Member since Jan 2008
2435 posts
Posted on 11/1/15 at 8:53 pm to
quote:

They were certainly wrong when we were 2 1/2 point favs on 1996.



LSU lost QB Tyler to injury on the first series of the game. Tyler threw a TD pass which was flagged before he was injured.
This post was edited on 11/1/15 at 8:54 pm
Posted by grape nutz
sesame street
Member since Mar 2006
2780 posts
Posted on 11/1/15 at 9:01 pm to
Not yet. They come out later with the totals. LSU will be about +200 at -7 on the ml.
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