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Thread: OT: New Gambling Law Question
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06-16-2018, 11:39 PM #25
Re: OT: New Gambling Law Question
I would be surprised, the casinos set their lines based on what the betters are doing, not on what they think will happen. If heavy action was coming in heavy on the Knights they would quickly move their odds to stop that and spread the action across the league.
They do try and keep that kind of local fever in mind when they open with a line, guessing what will get the action spread appropriately. But once the bets skew from their initial guess they start moving lines to adjust. It isn't something that would last long enough to get them in trouble these days. Computers can moves line/odds by the nano-second.
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06-17-2018, 03:45 PM #26
Re: OT: New Gambling Law Question
Vegas bookmakers were really caught off guard with the Knights, as they accepted way too much money at 500:1 to be able to leverage. They certainly tried ... some books were offering the Caps at 25:1 as they were about to eliminate the Pens to make the Eastern Conference Finals. Offering 25 : 1 when there are only four teams left seems absurd, until you realize Vegas books were trying their best to leverage all those many hundred to 1 notes they had written in the Knights, who at that moment in time seemed unbeatable.
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