Started By
Message

re: 2013 Super Bowl Odds

Posted on 1/20/12 at 1:52 pm to
Posted by Pendulum
Member since Jan 2009
7057 posts
Posted on 1/20/12 at 1:52 pm to
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
first pageprev pagePage 1 of 1Next pagelast page
refresh

Back to top
logoFollow TigerDroppings for LSU Football News
Follow us on Twitter, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookTwitterInstagram