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Dan Thompson
11/14/2007, 01:21 PM
How do sports bets effect the odds?

soonernation
11/14/2007, 01:24 PM
If the line opened @ 9 and is now 8 then people are laying their cash on Tech. If it's moving up then they are betting OU.

SoonerRecon
11/14/2007, 01:34 PM
you can roughly guestimate that for every one point a line changes, that about $one million has been wagered with the sportsbooks in vegas. injuries can also effect the line, but if its a qb or rb rumor, they may take the game off the boards.

htownsooner7
11/14/2007, 01:43 PM
And it is important to note that it is "money" that affects the line, not people. So for instance, quite often you will see that 80% of the public bets on the favorite but the line moves in the underdog's favor. That means that a small amount of people are betting a lot of money on the underdog.

Dan Thompson
11/14/2007, 01:59 PM
If I wanted to bet $100 on OU and the odds are 8, OU wins by 9. What would I win?

Sooner in Tampa
11/14/2007, 02:07 PM
If I wanted to bet $100 on OU and the odds are 8, OU wins by 9. What would I win?Yes sir.

peanous
11/14/2007, 02:08 PM
gambling is a bad habit

MojoRisen
11/14/2007, 02:12 PM
If I wanted to bet $100 on OU and the odds are 8, OU wins by 9. What would I win?

WIth that kind of spread I would say 90$ maybe 95$

However if you bet on Tech- wich I know you wont and they loose by7 - you would win probably 150$

CobraKai
11/14/2007, 02:45 PM
If I wanted to bet $100 on OU and the odds are 8, OU wins by 9. What would I win?

You win $100 less whatever juice you are paying to your bookie (say $10 or so). The line determines whether or not you win, but the payout is not impacted by the line. If you take OU - 100 and they win by 101 you still just get the $100 less juice that you bet. Make sense?

tommieharris91
11/14/2007, 02:58 PM
WIth that kind of spread I would say 90$ maybe 95$

However if you bet on Tech- wich I know you wont and they loose by7 - you would win probably 150$

If Tceh were to lose by 7 with a line of OU -8 @TTech, the payout would be $100-minus commission to the book on the wager, not $150. Now, if there was a money line on the game, that could be true, but I don't exactly know how a money line works.

The Maestro
11/14/2007, 03:08 PM
Small amount four to five team parlays are the way to go. Easy way to make $25 turn into $300 or $500. And all you risk is $25.

OKC-SLC
11/14/2007, 03:10 PM
WIth that kind of spread I would say 90$ maybe 95$

However if you bet on Tech- wich I know you wont and they loose by7 - you would win probably 150$
This is not correct. You are talking about a money line bet.

When betting against the spread (ATS), you only stand to win or lose what you bet--even money.

However as above, you must pay 'juice' to the casino/book if you win. This is usually around 10%. That's how the casino makes their money. This is what people don't understand about betting lines--the casino wants EQUAL MONEY on either side of the line. And that's why they move it when money is bet unequally. Their goal is to induce betting and net the juice.

Oldnslo
11/14/2007, 03:11 PM
If Tceh were to lose by 7 with a line of OU -8 @TTech, the payout would be $100-minus commission to the book on the wager, not $150. Now, if there was a money line on the game, that could be true, but I don't exactly know how a money line works.
The money line works the way you're thinking. Say OU is -150. You'd bet $100 to win $150.

r5TPsooner
11/14/2007, 03:26 PM
Personally, even if I had cash to burn, I wouldn't touch this game with a 10-foot pole. Both teams are kinda Jekyl-Hyde this year.

stoopified
11/14/2007, 03:30 PM
I think is disconcerting how much some people around here know about gambling. :)

drbrizzle
11/14/2007, 03:44 PM
I'm not gonna lie. The whole line and spread business confuses the hell out of me.

soonernation
11/14/2007, 03:50 PM
The money line works the way you're thinking. Say OU is -150. You'd bet $100 to win $150.

Not true. If the money line is OU -150 you would bet $150 to win $100.

Rock Hard Corn Frog
11/14/2007, 03:58 PM
This is your peanous talking ,gambling is a bad habit


Fixed...except for the gross disregard of the proper use of punctuation.

soonernation
11/14/2007, 04:03 PM
Never go to Vegas and put $20.00 down and make a line bet. Take $22.00 and put it on the counter and tell him who you want to bet on. If you’re in a casino go as far to find out what the number of the bet is. Every bet has a number assigned to it. If you want to bet with a bookie or a casino ALWAYS figure the juice because he will.

fwsooner22
11/14/2007, 04:16 PM
Wow......

Lott's Bandana
11/14/2007, 04:31 PM
If all of this is confusing, yet you are still interested, there are i/n sites where you can pick a team based on line or moneyline (moneyline basically is just picking a winner), enter the amount you want to bet, and before you commit, the site should tell you what you would win.

If you find a site and it doesn't provide you with this information PRIOR to betting...then go find another.

Not promoting betting here, just information. However, using small amounts makes sports that don't have fantasy leagues quite interesting, my corollary:

Fantasy NFL: you care about players on teams you normally wouldn't give a rip about...like for me and example would be: Maurice Jones-Drew on the Jags. This elevates interest in the NFL all-around and helps make an otherwise boring MNF matchup including the Jaguars, much more interesting, 'specially if your fantasy team is in a close game.

Similar situation with betting NC2A, except this time it is about teams instead of players:

If you think you are confident enough to bet certain teams, then many of the games on TV, especially Thursday nights, become more interesting because you have $$$ riding on the outcomes. Also, it is fun to sit in GFOMS and watch the scoreboard, checking your printout to see how you are doing on the rest of the games.
You also get to know certain characteristics about teams and Vegas...for instance, Tulsa and Air Force were two teams that beat the spread often last year, especially at the beginning of the season, making me think Vegas didn't pay as much attention to the smaller tier teams since there are roughly 60 games per Saturday to handicap. (I paid attention and won some pocket change!)
With the larger more well-known teams, it is friggin AMAZING sometimes how Vegas nails the line.

Actually, handicap is a great word. Think of it this way...

How many points does Vegas need to give Tech, for instance, in order to make the game Saturday dead even and get an equal number of bettors on each side of the line? Just like bowling and golf, a handicap (line) evens the playing field, but in this case it is all about cash money, not necessarily the score. The ideal scenario for the bookie is for the betting to be equal on both sides and Vegas just collects the vig.

Some old "guidelines":

The home team gets 3 points. So, if the home team is favored by 3, Vegas thinks the game is even.

A tie (based on the line) means a "push". Nobody wins and you get your $$ back.

Don't follow the public. Bet on Vegas. If the line is moving one direction bet the opposite direction. (this one is dangerous)

Play with the House money. If and when you get a big win or build up your balance...play with the money won and pocket your original investment. For instance: Start with $25.00...get your winnings up to $100.00, then never draw your balance down less than the original $25.00. 'Sorta gives you some "boundaries".


No discussion yet about Over/Under...save that for another post, if interested.


Finally, if you bet the NFL or NC2A top ten teams this year, you probably lost some $$$...

Vegas Vic
11/14/2007, 04:32 PM
you can roughly guestimate that for every one point a line changes, that about $one million has been wagered with the sportsbooks in vegas. injuries can also effect the line, but if its a qb or rb rumor, they may take the game off the boards.

It only takes about $20,000 to move the line in most college games (and less for smaller conferences). Each book has different betting limits. Also, it takes significantly more money to move the line off of a "3" or "7" than a dead number like "12" or "9".

I've seen line movements with $500 wagers on Mid-American Conference games.

In the NFL, it takes substantial amounts of money to move the line, especially off of a "3" or "7".

Lott's Bandana
11/14/2007, 04:42 PM
Not promoting betting here, just information.

Yeah right...after reading my post I realize what an absurd comment that was...

Blitzkrieg
11/14/2007, 04:57 PM
That 5.5, 6 point line is called a teaser, and unless you are confident as to the turnout, stay away from those games.

The line has moved slightly from 9 to 8.5 in many places, I think OU is a solid bet this week, I'd watch the line another day or two. Tech just suspended a few defensive players.

The best bet out there is MU -7, but what do I know?

OKC-SLC
11/14/2007, 05:08 PM
Tech just suspended a few defensive players.
Heh.

--Insert joke here--

soonernation
11/14/2007, 05:09 PM
That 5.5, 6 point line is called a teaser, and unless you are confident as to the turnout, stay away from those games.

The line has moved slightly from 9 to 8.5 in many places, I think OU is a solid bet this week, I'd watch the line another day or two. Tech just suspended a few defensive players.

The best bet out there is MU -7, but what do I know?

I also like OU to cover the line. .

SoonerKnight
11/14/2007, 10:39 PM
Too bad Leach wasn't suspended for the game it would have made the odds even more in OU's favor.

critical_phil
11/14/2007, 11:29 PM
I think is disconcerting how much some people around here know about gambling. :)


i find it disconcerting how LITTLE some of the responders of this thread know about gambling.


it ain't rocket surgery.

insuranceman_22
11/15/2007, 01:04 AM
OU is a lock! I've got 500 on it already & my fingers crossed (-8.5)! No juice though, it's with a buddy who grew up in West Texas!

Crucifax Autumn
11/15/2007, 01:53 AM
Hell, I live in Vegas and I never bet...not a moral thing, just a matter of having money in my pocket and wanting to keep it there no matter the possibility of a payoff.

Perhaps if the line was the other way around I'd be tempted this time, but I'll just enjoy the game for the sake of the game. When I start pulling for the Sooners as much for a big payoff as I do because I'm born & bred I'll know something has happened to my soul.