The public is a goddamn embarrassing joke. Will these losers ever stop gambling? It's really not hard to win at this. Trust me, the linesmakers really aren't that good, they should be making plenty more (Ex. This past MNF game; make GB +2.5 instead of +4.5 and you have a significant amount of additional action on Eagles = more money for the books)
I'm not sure
But cosider that average per month for a year.
Half a billion
This is true, but it's also true that they purposely try to garner action on certain sides as well in particular games, which would indicate they're also somewhat in the risk business as well. You could argue this past week's MNF game was a perfect example of that, trying to draw people into GB, which is why the line was strategically 4/4.5... plenty of other similar matchups where the home team was a simple 3-point favorite, which is largely what was expected for that specific meeting.
They are not just about vig; plenty of games feature inconsistencies with the anticipated lines relative to previous matchups.
The linesmakers at the books understand far more about sports than most will ever know. More importantly..... They understand HUMAN NATURE in alarming ways.
DUNCE!
Joe Public, when faced with any choice in a sportsbook, will choose wrongly with amazing frequency, and then shit himself when he loses. Even if people had the knowledge to succeed (which they don't)..... They couldn't overcome their human frailties to keep from losing their ass.
DUNCE!
Joe Public, when faced with any choice in a sportsbook, will choose wrongly with amazing frequency, and then shit himself when he loses. Even if people had the knowledge to succeed (which they don't)..... They couldn't overcome their human frailties to keep from losing their ass.
Except the line opened at 3 and was bet to 4.5. Why do you think Vegas moved the lines as such? Because they were getting heavy action on one side (Eagles in this case) so they had to move it to induce betting on the Packers to balance the action. If they were in to predicting outcomes, they would just purposefully put out lines that would get heavy action on one side and hold there, but like I said they're not in the risk business but vig business.
The job of the oddsmakers is to put out lines that induce 50/50 betting. Majority of the time they do a great job (I mean look at how many games land right on the number or close to it), but doesn't mean they never screw up. For example Vegas lost $2.8 Million in Super Bowl XLII when the Giants upset the 18-0 Patriots due to a bad line.
I honestly don't think sportsbooks are extra smart.
I can predict within 1 point or less what the spread is going to be on every NFL game before they put the line out virtually every single time.
So basically I'm just as good at putting out a line as they are.
Even with that knowledge the vig is hard to overcome .
Its not that they are so much smarter then me and you it's just they get the better end of the odds.
If the lines were +110 instead of -110 every book on earth would go out of business in a week
I can predict within 1 point or less what the spread is going to be on every NFL game before they put the line out virtually every single time.
So basically I'm just as good at putting out a line as they are.
Even with that knowledge the vig is hard to overcome .
Its not that they are so much smarter then me and you it's just they get the better end of the odds.
If the lines were +110 instead of -110 every book on earth would go out of business in a week
