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#20
Old 04-27-2012, 01:19 PM
Kenny MF Powers
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Quote:
Originally Posted by raskat View Post
actually I like to believe that I know exactly how gambling works and I also know boxing. I also gambled on soccer games in the past. and it doesnt matter whether you bet on the most simple bets like "team A wins" or whether you bet on "how many yellow cards will be in the 2nd half of the game". Bottom line is the betting odds are based on how likely something is going to happen. And the betting odds are also making sure the casino makes the most money. So if there is a 50:50 thing to happen (statistically), then the odds are decimal 1,80 instead of 2,0
That means the incident will happen at a 50 % probability, but you get paid less than double when you win.
So the betting odds ALWAYS make sure you dont win in the long run.
Of course the house will always have a built in vig. They have to make money, that doesnt mean the bettor cant make money too though. Just FYI, it begins with how likely the event is to occur, or how likely it is that more action will float to one side, theres a reason lines move. That is to entice action to the other side so the casino doesnt lose its ass in the event of an upset. The casinos profit is built in. They dont need you to win or lose, they just need even sides really.

All in all though, it seems as though your poll and question were rhetorical then since you clearly know all there is to know and seemingly believe there is no way for Floyd to be up. Or was the threads purpose just an attempt to show your betting prowess?

Either way, it sounds like you are a solid gambler who knows all there is to know. Please come to Vegas often. We have quite a few roads that need work.
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