this post was submitted on 26 Nov 2023
1 points (100.0% liked)
NFL
51 readers
7 users here now
A place for NFL news, game highlights and everything that excites you about American Football.
founded 11 months ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Doesn’t Fanduel make the same money either way because they set the lines so that there is approximately equal money on either side? I really don’t know anything about the industry except for how my father explained bookies to me 40 years ago.
No. Sportsbooks inflate the line and odds for favorites and popular teams, then rely on those teams not covering the inflated line and losing more than the odds would suggest.
That’s why you inflate lines on popular teams, so the money equals out. They never said it was statistically fair.
Exactly. If they don’t and 90% of the bets are on the popular team, then the book looses big when the popular team wins.
It would be interesting to see a book be completely transparent about it and open the betting at even odds then move a point in the opposite direction every time the bets get off balance. Of course that would be annoying as a better deciding what to play only to have it constantly change.