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re: Why does Vegas have the Cavs 10/1 to win it all in 15'
Posted on 7/8/14 at 10:53 pm to 1ranter1
Posted on 7/8/14 at 10:53 pm to 1ranter1
A good mount of people don't know how Vegas odds work. Their odds don't show what they think the chance of said team winning the ship is. The odds are made according to the amount of money being placed on said odds. A bunch of people started throwing money at the cavs to win at 60 to 1 in case LeBron ended up there. Vegas sees this so they lower the odds so people will slow down or start betting the other side. If people all of a sudden started throwing money at the sixers to win it all they would change those odds to even the money out
1
Posted on 7/8/14 at 11:07 pm to jg8623
So you are saying if a vegas insider caught wind that lebron started leaning towards the 76ers they wouldn't touch the line one bit right... nope... but once people started putting 20K at 650/1 then they would decide to move it a little
I get what you are saying and I don't think most on this board are as dumb as you think. I think most understand bets moving lines and hedging and so forth.... but to say some inside scoop wouldn't move a line is rediculous
I get what you are saying and I don't think most on this board are as dumb as you think. I think most understand bets moving lines and hedging and so forth.... but to say some inside scoop wouldn't move a line is rediculous
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