So what your saying is the house is taking a service fee for overseeing a bet...

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Sep 27, 2024
10:53:45am

kaladin58 Contributor

So what your saying is the house is taking a service fee for overseeing a bet...

Sounds fair when paying for a service.

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kaladin58

Bio page: kaladin58
Joined: Oct 6, 2021
Last login: Sep 27, 2024
Total posts: 460 (3 FO)

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Messages

Author

Time

Could someone explain betting to me like I am a simple minded child?

kaladin58

6:21am

Yes, sounds like you have it right.

BoiseBlue

6:27am

Yes, Baylor is 2.5 point favorites and the over/under total points is 45.5

volleyjiver

6:29am

Thanks for this. I never understood it that well so that actually helps

DavisCoCoug

6:44am

I know it’s not what you are looking for but

stonecougar

6:39am

Thanks for the sunday school lesson. Just kidding. Betting is a decent way to

kaladin58

6:40am

So what’s the spread then? I mean why call it the spread instead of “the line”?

Dr MoBYU

6:48am

2 different types of bets (Moneyline and Spread)

Greg Kite's 'stache

7:17am

Thank you. Anytime I read these definitions I seem to miss salient points. That helped.

Dr MoBYU

7:44am

The casino's aren't giving out free booze for nothing. Of course it is in their

8:33am

Wait a second, you’re telling me that a sportsbook isn’t running a charity

8:56am

Sports books lose money some years. Overall they have won, but they don't always get an equal number of betters on each

HarlemCoug

9:32am

Great point they set lines to draw bets on both sides and take the 10% juice.

U2wearblue

9:48am

Some people can win. The prob is, if it’s any significant amount, they bar you

12:16pm

The open is the initial posted point spread

chirocoug

7:28am

Another rule I try to live by in Sports Betting is to never bet on your own team

tamasiaina

10:06am

if this is your first time betting on sports I have some sage advice:

10:32am

Just to illustrate how the house always wins...

StantonMac

10:43am

So what your saying is the house is taking a service fee for overseeing a bet...

kaladin58

10:53am

a "service fee" but also the risk that there is heavy betting on one side

volleyjiver

11:18am

It's still the same concept. Saying the house always wins makes it seem like

kaladin58

11:45am

The house always wins, in the long run. They want to make $3 for every $100 bet

RenoCoug

12:53pm

My point is, so does Xfinity and Tmobile and AT&T.

kaladin58

12:59pm

The house doesn't always win. What happens when only 1 person bets on the game in your scenario? Books try to balance

HarlemCoug

11:18am

True. But the juice helps.

snowbird

1:18pm

That's based on if you are betting with odds, not betting the spread

RenoCoug

12:41pm

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