Right that’s just the bets, what about the other costs of running the book? Also that in no way shows they get 50-50 bets on all or even most games. Just that over the season they won 5%. There are other bets like parlays, teasers and futures that can pay substantially more than the amount bet, so if all they were getting on every game was 10% they’d be losing their arse.

I gave you the link to Vegas Insider and it clearly shows you that games are almost never 50-50 and in fact usually heavily titled to one side, typically the favorite and the over. Check it during football season when there are 40+ college games and up to 16 NFL games and you will see the same thing. Look at the articles I linked that say Vegas lost money on a game, weekend and even entire season

they don’t get 50-50 so yes they have to root.

This post was edited on 5/8/18 at 4:18 pm

1 ...

Report Post

Posted by atltiger6487

Member since May 2011

18187 posts

Posted on 5/8/18 at 4:02 pm to H-Town Tiger

quote:
Look at the articles I linked that say Vegas lost money on a game, weekend and even entire season they don’t get 50-50 so yes they have to root.

I get that, but they TRY to get to 50-50, that was my overall point. They don't try to get to 75-25 and win the short side - that's a recipe for disaster.

Now of course sometimes it happens. But over a long enough time period, it probably mostly balances out. Sometimes the heavy side wins and the casino loses, sometimes the heavy loses and the casino wins big. But it balances out over time.

But my point was they don't TRY for that. They try for 50-50.

And they clearly don't profit more than the vig - again, over the long haul. On a certain day, week, or month - maybe so. But not over the long term.

My numbers prove that. I'm done arguing, I'll give you the last word.

1 ...

Report Post

Tiger Rant - Replies to Post

Return To Board

Page 1

Return To Board