Browns' new SB odds
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Don't even hint there Tour2
. Just remember what happened to Alex Karras and Art Schlicter.Ouch!Don't even hint there Tour2
. Just remember what happened to Alex Karras and Art Schlicter.Ouch!Not to mention Paul "Golden Boy" Hornung...
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only a 4 figure bet made it change that much?
must have been the only bet wagered on the browns.
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only a 4 figure bet made it change that much?
must have been the only bet wagered on the browns.
only a 4 figure bet made it change that much?
must have been the only bet wagered on the browns.
Exactly! How does a single $1,000 - $9,999 bet make the odds that much different?
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going to vegas in august.
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I bet 100 on them.
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good thing I signed over the title to my hours before the odds changed huh?
WSS
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It's too bad this isn't like the Auburn fan who put $50 on Auburn to win the 2013-2014 National Championship halfway through 2012-2013 season when they were 1000-1 and it nearly paid out $50,000.
Poor guy had too much pride to take the free ~$25,000, ended up winning nothing.
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pride schmide.
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Exactly! How does a single $1,000 - $9,999 bet make the odds that much different?
Small pool of total money bet thus far.
Just as in handicapping a race, e.g., horses, dogs, only the initial odds are set by the bookmaker's expert(s). Thereafter the betting pattern determines the movement of the odds.
Assume $5000 was the bet at 200:1. Payout would be ~$900,000 (depending on the vigorish; normally 10%). Right now the pool is likely way less than that payout so the Browns' odds are slashed to dissuade anymore bets on us until the pool is built up. It's likely other teams' odds were adjusted downward to attract counterbalancing bets. Won't be the last time the odds are changed.
When all is said and done, the ideal pool would have equal payouts for all 32 teams leaving the bookmaker with "the vig", 10% of the total amount of the final pool, as profit.
"When you have a shared vision it is a lot easier to make unpopular decisions." - Paul DePodesta "When you win, say nothing. When you lose, say less." - Paul Brown Complete 2017 Browns Board Mock: http://thebrownsboard.com/forums/index.php?showtopic=46196 -
Exactly! How does a single $1,000 - $9,999 bet make the odds that much different?
Small pool of total money bet thus far.
Just as in handicapping a race, e.g., horses, dogs, only the initial odds are set by the bookmaker's expert(s). Thereafter the betting pattern determines the movement of the odds.
Assume $5000 was the bet at 200:1. Payout would be ~$900,000 (depending on the vigorish; normally 10%). Right now the pool is likely way less than that payout so the Browns' odds are slashed to dissuade anymore bets on us until the pool is built up. It's likely other teams' odds were adjusted downward to attract counterbalancing bets. Won't be the last time the odds are changed.
When all is said and done, the ideal pool would have equal payouts for all 32 teams leaving the bookmaker with "the vig", 10% of the total amount of the final pool, as profit.
Small pool of total money bet thus far.
Just as in handicapping a race, e.g., horses, dogs, only the initial odds are set by the bookmaker's expert(s). Thereafter the betting pattern determines the movement of the odds.
Assume $5000 was the bet at 200:1. Payout would be ~$900,000 (depending on the vigorish; normally 10%). Right now the pool is likely way less than that payout so the Browns' odds are slashed to dissuade anymore bets on us until the pool is built up. It's likely other teams' odds were adjusted downward to attract counterbalancing bets. Won't be the last time the odds are changed.
When all is said and done, the ideal pool would have equal payouts for all 32 teams leaving the bookmaker with "the vig", 10% of the total amount of the final pool, as profit.
Thanks for the breakdown. To a layman it seems like a giant jump for a smaller sizes bet.
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I'll be in Vegas at the end of August... I probably will lose out on awesome odds however with it being the last week of preseason there should be better clarity.
Probably throw $50 on the Browns and $150 on the Packers winning it all. Colts are a team that depending on the odds I may place a bet on as well.
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