re: OT Gamblers: How can both money lines be negative?

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why would I take a negative money line on the underdog?

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You wouldn't

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degenerates

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I’m thinking about jumping on an LSU minus six alt line.

Did that with Clemson and hit big.

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Vegas adjusts lines based on money that comes in.

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Which still doesn’t guarantee they make money just because there’s vig

Which is what you said

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You assuming someone doesn’t understand that is on you

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I can only go off of what you say. Say what you mean and mean what you say

They charge you vigorish to bet, how they theoretically make their profit.

Team A is -110
Team B is -110

2 people bet $110 to win $100, one on each team

Take $110 from loser, give $210 back to winner, pocket the change

Arbitrage betting gets you banned, if you want to win you need to truly learn the teams and how their schemes matchup and research the matchups a week ahead of time. Have an idea of what the lines SHOULD BE and bet opening lines that are mispriced before they move

Also there are several ways to hedge, particularly using over/unders that can give you a major edge on certain matchups. A prime example was Miami/Florida this past weekend.The OU opened at 55 and Miami ML was -165ish

It was possible for Miami to lose that game, but they were never losing AND the over hitting. 0% chance Florida was scoring >29 points in any game script. Betting the Miami ML and under for the same amount as what you bet on Miami ML was a free roll. Miami might lose, but the under would always hit. The over may hit if Miami scores 35+, but that would also be a wash as they win. Which leaves the alternate, Miami wins AND the under hits, which happened and it was the correct +EV bet

Edit: yes this is a simplified explanation as losing money was still possible if Miami lost and the under hit, but it was always +EV if you crunch it. If you wanted the highest possible EV bet, it would have been hedging by propping Florida D/ST TD(what was it, like 6:1?) to cover both bets and finding a book to give you action on the backup qb having 2+ total TD’s at like +1500, which was the only way Florida could have won and the over hit, but was so long it’s mostly irrelevant

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Actually less because the book takes a commission out of your winnings.

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Where?

Find a new book

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So does this imply that the Vegas oddsmakers think this is about even?

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The answer is yes, but if you couldn't figure it out from looking at the money line, the 1.5 pt spread should've given it away.

This is why I prefer betting in decimal odds. You can quickly do the math to figure out the implied odds and take it from there. American odds are set up for you to either be unable to do that at a glance, or bet in multiples of $100

A -110/ is 1.91 in decimal odds. 2.0 is even money, so anything above 2.0 is your + in American odds, anything less than 2.0 is your -

(1/1.91) + (1/1.91) = 1.047. Bookie has a 4.7% vig

There has to be some padding there for the house profit. You are never going to get 50/50 odds.

The book is gonna make juice.