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Spread in sports gambling.
Books and casinos in all world use the spread points to control their betts. How do they calculate the spread points? It is suppoused to be a math analysis, could anybody explain that analysis?
Ex. N.F.L. New England Patriots -7 vs Oakland Raiders.
How do they stablish than -7?
Ex. N.F.L. New England Patriots -7 vs Oakland Raiders.
How do they stablish than -7?
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Spreads are arbitrary and based not so much on the prowess of a set of teams but on the amounts of money bet on them. To prove this simply call a bookie in New England and compare the spread with one in Oakland. Someone in Boston will get the Raiders and 7 but if you're in Oakland you will get less , more likely 3.
The point of spreads is to get the same amount of money bet on each team. Bookies make their money on what was once called "the vig" . If you bet 100 with a bookie and win you will not get back 200. The amount they keep is the vig and it will vary vary around the 20% of the bet, depending on what the traffic will bear.
The point of spreads is to get the same amount of money bet on each team. Bookies make their money on what was once called "the vig" . If you bet 100 with a bookie and win you will not get back 200. The amount they keep is the vig and it will vary vary around the 20% of the bet, depending on what the traffic will bear.
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