Las Vegas odds
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Las Vegas odds
TNunley
9/24/07 10:27:48AM
With the many "upsets" as you might call them this year, do you think the odds are going to start to diminish? Or do you think they will increase? With the Kongo's, Griffin's, Fithch's, Serra's, etc. having odds stacked against them will it cause the odds to shrink or continue? I've never really bet anything (at least real money) so I'm not certain how they work, but I'm sure the margins have closed a little as far as profit and loss.
For instance, when Kongo and CC fought & Sanchez and Fitch fought it was +620 for who actually won. Griffin and Rua was +300.
I suppose with the underdog winning on several occassions, this could bring many more people to bet with the thought of a huge gain. But when the underdog wins, it's a huge loss for the bet taker. Any thoughts?
Yeah, it's a boring post, but I'm bored and you don't have to post if you're not interested.
For instance, when Kongo and CC fought & Sanchez and Fitch fought it was +620 for who actually won. Griffin and Rua was +300.
I suppose with the underdog winning on several occassions, this could bring many more people to bet with the thought of a huge gain. But when the underdog wins, it's a huge loss for the bet taker. Any thoughts?
Yeah, it's a boring post, but I'm bored and you don't have to post if you're not interested.
Blizzard
9/24/07 4:30:37PM
I think it is a good post, and It looks like you made out pretty well on the odds.
loonytnt
9/24/07 5:05:43PM
i made out good, im happy to win the money
szucconi
9/24/07 5:15:39PM
Posted by TNunley
With the many "upsets" as you might call them this year, do you think the odds are going to start to diminish? Or do you think they will increase? With the Kongo's, Griffin's, Fithch's, Serra's, etc. having odds stacked against them will it cause the odds to shrink or continue? I've never really bet anything (at least real money) so I'm not certain how they work, but I'm sure the margins have closed a little as far as profit and loss.
For instance, when Kongo and CC fought & Sanchez and Fitch fought it was +620 for who actually won. Griffin and Rua was +300.
I suppose with the underdog winning on several occassions, this could bring many more people to bet with the thought of a huge gain. But when the underdog wins, it's a huge loss for the bet taker. Any thoughts?
Yeah, it's a boring post, but I'm bored and you don't have to post if you're not interested.
In Vegas, it doesn't matter who wins and who loses. The house always makes money. They set the line so that the money will be evenly placed on both fighters. The gap in the line is the profit for the house. Sure, they can take a loss on a fight when the dog wins, but they more then make up for it with the large gap in the line on fights. If this doesn't make any sense then I can give a deeper breakdown of how odds are set and moved, but it has little to do with odds of winning and a lot to do with where people are going to place there money.