The line almost can't be big enough to rig a fight like this because any bets or sums large enough to make it worthwhile will raise huge su****ions.
That is the plus side of huge money being involved in the sport, but the downside would be there are people not getting paid much who can directly effect the outcome of a fight.
So basically, Vegas isn't gonna make it lop sided for Floyd, in case Guerrero wins?
Edit: Oh, so if you bet 100 down on Guerrero, you'd be making 1000? Does it work that way? Since Floyd would be at -1000, then Guerrero would be +1000 right?
Sports book make money on action, they don't care who wins. They set the line so money comes in equally on both sides thus leaving them with no risk and they take a small amount for taking the bet (the vig).
So as money comes in on the fight, the bookies will adjust the odds to even out how the bets are coming in.
It is never that neat especially on wide odds, because the incentives to win on an underdog doesn't need to be as high as the disincentive to bet on the favorite.
If you bet on Floyd to win and he's at -1000, you'd put down $1000 to win $100. If Floyd lost, you lose the $1000 you put down.
If you bet on Ghost to win and he's at +700, you'd put down $100 to win $700. If Ghost lost, you lose the $100 you put down.
The oddsmakers will shift the lines according to where the money goes. Vegas does not look to make a killing and neither does it risk getting killed. If a ton of money is being wagered on Floyd to win, Vegas will raise the payout on Ghost to balance the sheets.
Originally posted by inITtoWINit
So basically, Vegas isn't gonna make it lop sided for Floyd, in case Guerrero wins?
Edit: Oh, so if you bet 100 down on Guerrero, you'd be making 1000? Does it work that way? Since Floyd would be at -1000, then Guerrero would be +1000 right?
Sports book make money on action, they don't care who wins. They set the line so money comes in equally on both sides thus leaving them with no risk and they take a small amount for taking the bet (the vig).
So as money comes in on the fight, the bookies will adjust the odds to even out how the bets are coming in.
It is never that neat especially on wide odds, because the incentives to win on an underdog doesn't need to be as high as the disincentive to bet on the favorite.
Ok, I get it now. Lines change as the best are coming in. So, I wouldn't necessarily be making what I think I'd be making. It could change in an instant.
If you bet on Floyd to win and he's at -1000, you'd put down $1000 to win $100. If Floyd lost, you lose the $1000 you put down.
If you bet on Ghost to win and he's at +700, you'd put down $100 to win $700. If Ghost lost, you lose the $100 you put down.
The oddsmakers will shift the lines according to where the money goes. Vegas does not look to make a killing and neither does it risk getting killed. If a ton of money is being wagered on Floyd to win, Vegas will raise the payout on Ghost to balance the sheets.
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