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re: 2013 Super Bowl Odds
Posted on 1/20/12 at 1:52 pm to Mr. Hangover
Posted on 1/20/12 at 1:52 pm to Mr. Hangover
quote:
not trying to be a dick, but how can they put odds on the SB when most of the free agent acquisitions and the draft haven't occured yet? pardon my ignorance, i'm not much of a gambler...
Odds are mainly based on betting trends. The house wants to keep equal amounts of money on either side of the line, so that they never lose.
They will base the lines on how people bet, and they put the opening odds out based on something like records this year. As people bet, the odds will move.
This is why you can bet on pretty much anything under the sun. As long as the opening line/odds aren't bat shite crazy, they can't lose. If there is heavy betting one way, they will keep moving the line until people start betting the other way. It's sorda like a pendulum that eventually stops.
quote:
and another question, if the odds are 100-1 and you bet 100 dollars, do you walk away with $10,000
means if you put down 1 dollar, you leave with 100 if you win. So, yes.
This post was edited on 1/20/12 at 1:55 pm
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