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  1. #25
    Join Date
    Aug 2006
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    Mt. Arrogance in the middle of the .11 rolling acres of The Windbag Estates
    Posts
    13,619

    Re: OT: New Gambling Law Question

    Quote Originally Posted by Goode05 View Post
    You can bet on the golden knights. A lot did Vegas had a pretty big scare as they were 400-1 or 500-1 to win the cup at the start of the season


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    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.





  2. #26
    Join Date
    Sep 2011
    Location
    College Park
    Posts
    1,298

    Re: OT: New Gambling Law Question

    Quote Originally Posted by Greg View Post
    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.
    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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