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re: Bookie says they won't play
Posted on 8/31/10 at 12:18 pm to Ignatius J. Reilly
Posted on 8/31/10 at 12:18 pm to Ignatius J. Reilly
quote:
The whole point of a moving line is to ensure that the bookie has an equal number of losing bets and winning bets so that the losers cover the winners and the bookie takes the vig. If one side is being bet more than the other, the line moves to entice more bets on the other side to even things out. The whole idea of "Vegas taking a beating" from an unlikely outcome is simply incorrect.
Exactly. Vegas is trying to "win" per say. They are balancing and increasing their odds.
1
Posted on 8/31/10 at 12:24 pm to Duckie
Guys - books lay balances to each other all the time. They play the game for the juice, they rarely take a beating and I mean rarely, especically on a game that is this close...there will be plenty of $$ on both sides for them to balance the bet.
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