knives of ice wrote:the notion that vegas odds are based to try to even bets out across the board is false. vegas always takes a position, it almost never ever happens that the bets are even across the board on both sides. there are weeks in the nfl that regardless of what the number is over 70% of the bets taken are on one team - like the packers game yesterday. the odds and lines move not by the amount of money on one side orrrr the other in most cases, but because of sharp money.
the pens were favorites in the first odds released and those were avaialble as soon as the kings raised the cup and have been available even through the lockout you've always been able to bet on it. in many books after the rangers got nash their odds improved to equal of the pens.
they set lines to make a profit, the lines move based on how the public is betting (this is to even out the betting more).
I am not going to get into a semantics argument but the lines are set based on how the public likes to bet combined with how the odds makers
have the best chance of making money.
The penguins being favorites means nothing more than the odds makers thinking that the public betting combined with the lines will make them money.http://www.thespread.com/sports-betting ... OofZm-x8tE
The pointspread is not the handicapper’s predicted margin-of-victory, but it is in fact the handicapper’s prediction of what number will be required to split the wagering evenly on both teams. Understanding that little tid-bit is the first step towards taking advantage of the numbers.