- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Coaching Changes
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: 75% of the money bets are on LSU
Posted on 11/5/11 at 11:15 am to jeffturnright
Posted on 11/5/11 at 11:15 am to jeffturnright
quote:
jeffturnright
Just stop. That's a nice little idea you have there, but it's not the way it works in the real world. Sportsbooks lose money sometimes. This can go on for weeks at a time, with Vegas being down. This is published facts/data, not something I'm just saying. In the long run books make money, but your assumption that all games are bet equally is way off.
1
Posted on 11/5/11 at 11:24 am to bona fide
quote:
your assumption that all games are bet equally is way off.
But not THIS way off. If 75% of the money was being bet on LSU, then Vegas would NOT be giving LSU 4.5 points. End of story.
Posted on 11/5/11 at 11:31 am to TigerDom
I was not commenting on LSU-Bama game, only addressing his post on how Vegas sportbooks operate.
Posted on 11/5/11 at 11:34 am to TigerDom
The money has shifted a bit. 75% was on lsu as of this morning, now more money coming in on Bama. Still though, 61% of money overall on lsu
Posted on 11/5/11 at 11:42 am to pellietigersaint
I saw this number on gameday, but wasn't this just from one company? In other words, the number was pulled from the bets being placed with whatever company they got it from right? Or does, where ever the number was taken from, represent all the bets being placed in Vegas?
Posted on 11/5/11 at 12:05 pm to OweO
Number of bets does NOT equal AMOUNT of $$$ bet. Big difference. This is not that hard to understand people.
Posted on 11/5/11 at 1:06 pm to jeffturnright
quote:
. The spread adjusts to even out the betting and risk to the sports book. This is math way beyond experts just picking some random number. The sportsbook doesnt care who wins or loses just that people place the bets. The spread ensures the bets are even. Or in theory at least. If they could not even out the bets on a game with a spread they would not offer the game. A giant corporation wouldn't give you the chance to beat the house.
This is 100% false. Its intuitive, but not how it works.
Vegas loses big on Super Bowl XLV
quote:
The combination of the ‘over’ and the Packers’ victory was lethal. It’s the worst Super Bowl I’ve seen since being here in 1993
Posted on 11/5/11 at 1:07 pm to TigerDom
quote:
But not THIS way off. If 75% of the money was being bet on LSU, then Vegas would NOT be giving LSU 4.5 points. End of story.
The only thing unusual about this is its the underdog, but often 1 side gets most of the action.
Posted on 11/5/11 at 1:09 pm to H-Town Tiger
Not buying what you are selling. 
Posted on 11/5/11 at 1:11 pm to Doyle McPoyle
quote:
Not buying what you are selling
continue being a dumbass then. vegas takes a bath every once in a while.
hell they took a bath the first 7 weeks of the CFB season.
Posted on 11/5/11 at 1:13 pm to Doyle McPoyle
You guys know nothing about how this works. The reason 75 percent of the public is on LSU is because the smart money is on Alabama.
75 percent of the weekend betters are putting a few bucks on LSU cause they have a hunch or just want them to win. Of the 25 percent on Bama, many are professional cappers placing huge bets.
So there is probably a similar amount of money on both sides. If there wasn't the line would move to even it out. Vegas will probably make tons of money regardless of who wins. What they don't want is a push(Stanford last week).
75 percent of the weekend betters are putting a few bucks on LSU cause they have a hunch or just want them to win. Of the 25 percent on Bama, many are professional cappers placing huge bets.
So there is probably a similar amount of money on both sides. If there wasn't the line would move to even it out. Vegas will probably make tons of money regardless of who wins. What they don't want is a push(Stanford last week).
Posted on 11/5/11 at 1:19 pm to TheSexecutioner
quote:
If there wasn't the line would move to even it out. Vegas will probably make tons of money regardless of who wins
line went from 6 last week to close to 3 on some books now.
your post made an awful of of assumptions to claim:
quote:
You guys know nothing about how this works.
im not sure who you were talking to, but a couple of posters were 100% correct in this thread.
Posted on 11/5/11 at 1:20 pm to TheSexecutioner
quote:
75 percent of the weekend betters are putting a few bucks on LSU cause they have a hunch or just want them to win. Of the 25 percent on Bama, many are professional cappers placing huge bets.
No one ever seems to be able to distinguish between number of bets and amount of money being bet. There could be 10 $100 bets on LSU and 3 $2,000 bets on Bama. It's about how much money is on each side, not number of bets.
Posted on 11/5/11 at 1:22 pm to TheSexecutioner
100% right. all bets are not equal.
Posted on 11/5/11 at 1:22 pm to TH03
quote:
TH03
this is true.
i havent seen anything that gave definitive numbers re: amount of money bet and number of bets placed.
basically the whole thread is statements based on assumptions
Posted on 11/5/11 at 1:32 pm to jcole4lsu
quote:
im not sure who you were talking to, but a couple of posters were 100% correct in this thread.
The people jumping to conclusions that Vegas will have a hand in the outcome.
Posted on 11/5/11 at 1:34 pm to TheSexecutioner
quote:
The people jumping to conclusions that Vegas will have a hand in the outcome.
ahh. carry on then.
note to everyone: vegas is run by mormons and multi-national corporations, not the mob.
Page 3 of 3
Popular
Back to top
Follow TigerDroppings for LSU Football News