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re: Wynn Las Vegas releases Oscar odds - time to place your bets!
Posted on 1/13/13 at 10:51 am to RollTide1987
Posted on 1/13/13 at 10:51 am to RollTide1987
quote:
I'm not really sure what all these numbers mean, but I'm pretty sure that Daniel Day-Lewis at 1 to 9 means he's an absolute lock to win the Oscar in the eyes of Las Vegas.
No, this is not how it works. Las Vegas wants even money placed on each side of the wager. They want as much money on Lewis as they have against him. Vegas, and bookies, only wanna collect juice. More than that is lagniappe.
It means that Vegas sees Daniel-Day as the betters odds on favorite. 1-9 is a shitty bet. So they place such crappy odds on Lewis that they are hopping to push money else where.
1
Posted on 1/13/13 at 11:09 am to Vol Fan in the Bayou
quote:
1-9 is a shitty bet
How can you say that? If I knew someone was going to win this would be a great bet!
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