Register All Albums FAQ Community Experience
Go Back   New Orleans Saints Forums - blackandgold.com > Main > Saints

There's a method to Vegas' preseason prognostication madness

this is a discussion within the Saints Community Forum; I learned one thing from this article: The number of victories for a team is NOT the prediction of the bookie. It is merely the number on which the most people are likely to bet. Take the Redskins example again: ...

Closed Thread
 
LinkBack Thread Tools Display Modes
Old 06-26-2004, 05:04 AM   #1
100th Post
 
Join Date: Mar 2004
Posts: 249
There's a method to Vegas' preseason prognostication madness

I learned one thing from this article:
The number of victories for a team is NOT the prediction of the bookie. It is merely the number on which the most people are likely to bet.
Take the Redskins example again: Their prediction would probably be 7 wins, but they put out the 9 1/2 win number because that way all the people who bought into the hype would bet the over (like they would if the number was 7), but on the other hand they balance it with betters who predicted 7 wins themselves and wouldn\'t have bet.
Maybe I\'ll rather say they put out numbers and vigs that will balance the betting (if the betting is balanced, the house has won before the game is played). But the important thing is that the number they put out is not their prediction. For the Saints it is, but that\'s a special case.
no_cloning is offline  
Closed Thread


Posting Rules


All times are GMT -5. The time now is 04:41 PM.


Copyright 1997 - 2020 - BlackandGold.com
no new posts