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re: Why Vegas thinks TCU has a good shot vs LSU
Posted on 8/22/13 at 2:00 pm to bigpapamac
Posted on 8/22/13 at 2:00 pm to bigpapamac
quote:
Because people are betting on TCU Vegas doesn't predict outcomes, they don't think LSU will win by 3-4 points and they could care less. They're just trying to get equal action on both teams, and 3.5 is the number they've found to do it
Is that really how that works?
1
Posted on 8/22/13 at 3:24 pm to geauxranger54
quote:.
Is that really how that works?
That's how it works. There is a built-in fee for betting in Vegas sportsbooks on all bets, so as long as the money is somewhat evenly distributed on both sides, Vegas makes money no matter which side wins. Their primary objective is establishing a line that encourages an equal amount of action on both sides so they minimize their odds of being crushed.
This post was edited on 8/22/13 at 3:24 pm
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