Vegas odds on the Patriots winning the Super Bowl.

[chuckywang]

7/1....geez.

So basically Vegas is saying that if you played this season from here on out 8 different times, the Pats would win the Super Bowl 7 times.

Is that right?

 

[Farang]

Giving those kind of odds against Indianapolis is foolish.

 

[akshatp]

Thats ridiculous.. There are still 8 teams that can win the SB... Odds should be 3 or 4 to 1 IMO

 

[JujuFish]

Originally posted by: akshatp
There are still 8 teams that can win the SB...

And here I thought there were 12 teams in the playoffs at the end of the season. Silly me.

 

[Drakkon]

The odds mean that vegas is still willing to pay out $7 for every $1 bet IF the pats win the SB. Its no longer an indicator of chances they will win/loose. Just what the casinos are willing to risk in temrs of cach based on money being layed out thusfar.

 

[Epic Fail]

Originally posted by: Drakkon
The odds mean that vegas is still willing to pay out $7 for every $1 bet IF the pats win the SB. Its no longer an indicator of chances they will win/loose. Just what the casinos are willing to risk in temrs of cach based on money being layed out thusfar.

No, it's the other way around.

The Pats are huge huge favor.

 

[edro]

Originally posted by: yamadakun

Originally posted by: Drakkon
The odds mean that vegas is still willing to pay out $7 for every $1 bet IF the pats win the SB. Its no longer an indicator of chances they will win/loose. Just what the casinos are willing to risk in temrs of cach based on money being layed out thusfar.

No, it's the other way around.

The Pats are huge huge favor.

 

[Capt Caveman]

Originally posted by: Farang
Giving those kind of odds against Indianapolis is foolish.

Coming from the betting guru. How's that van down by the river?

 

[BigJ]

Originally posted by: yamadakun

Originally posted by: Drakkon
The odds mean that vegas is still willing to pay out $7 for every $1 bet IF the pats win the SB. Its no longer an indicator of chances they will win/loose. Just what the casinos are willing to risk in temrs of cach based on money being layed out thusfar.

No, it's the other way around.

The Pats are huge huge favor.

If the odds are 7:1, that means the payout is $7 for every $1 bet. He is indeed correct. The problem though is that the odds for them isn't 7:1. It's ~1:5, or for every dollar you bet, you only get $0.20.

 

[BUTCH1]

Beware the Jaguars. they have beaten two playoff teams in recent weeks
(Chargers + Pitt) and are playing VERY well right now...

 

[SpunkyJones]

Originally posted by: BUTCH1
Beware the Jaguars. they have beaten two playoff teams in recent weeks
(Chargers + Pitt) and are playing VERY well right now...

True, the Jaguars are peaking at the right time, they could do some serious damage in the playoffs.

 

[Injury]

Originally posted by: BigJ

Originally posted by: yamadakun

Originally posted by: Drakkon
The odds mean that vegas is still willing to pay out $7 for every $1 bet IF the pats win the SB. Its no longer an indicator of chances they will win/loose. Just what the casinos are willing to risk in temrs of cach based on money being layed out thusfar.

No, it's the other way around.

The Pats are huge huge favor.

If the odds are 7:1, that means the payout is $7 for every $1 bet. He is indeed correct. The problem though is that the odds for them isn't 7:1. It's ~1:5, or for every dollar you bet, you only get $0.20.

That makes little to no sense... wouldn't the minimum odds you could have be 1:1?

 

[BigJ]

Originally posted by: Injury

Originally posted by: BigJ

Originally posted by: yamadakun

Originally posted by: Drakkon
The odds mean that vegas is still willing to pay out $7 for every $1 bet IF the pats win the SB. Its no longer an indicator of chances they will win/loose. Just what the casinos are willing to risk in temrs of cach based on money being layed out thusfar.

No, it's the other way around.

The Pats are huge huge favor.

If the odds are 7:1, that means the payout is $7 for every $1 bet. He is indeed correct. The problem though is that the odds for them isn't 7:1. It's ~1:5, or for every dollar you bet, you only get $0.20.

That makes little to no sense... wouldn't the minimum odds you could have be 1:1?

Why would they have to be 1:1? You're telling me on a money line on say the Pats versus the Jets, a sane gambling establishment would give you a 1:1 payout if you took the Pats?

Look at the odds yourself:
http://www.vegasinsider.com/nfl/odds/futures/

 

[EagleKeeper]

Originally posted by: Injury

Originally posted by: BigJ

Originally posted by: yamadakun

Originally posted by: Drakkon
The odds mean that vegas is still willing to pay out $7 for every $1 bet IF the pats win the SB. Its no longer an indicator of chances they will win/loose. Just what the casinos are willing to risk in temrs of cach based on money being layed out thusfar.

No, it's the other way around.

The Pats are huge huge favor.

If the odds are 7:1, that means the payout is $7 for every $1 bet. He is indeed correct. The problem though is that the odds for them isn't 7:1. It's ~1:5, or for every dollar you bet, you only get $0.20.

That makes little to no sense... wouldn't the minimum odds you could have be 1:1?

1:1 means that for every dollar wagered, you can receive your $1 back plu $1 in winnings.

1:5 means that for every $5 you wager, you can receive $1 in winnings.

 

[Siddhartha]

The bookies set odds to make money on either side of a bet.

 

[Alistar7]

Originally posted by: BUTCH1
Beware the Jaguars. they have beaten two playoff teams in recent weeks
(Chargers + Pitt) and are playing VERY well right now...

Jags, Chargers, and the Clowns if they make the tourney are all capable of ruining anyone's postseason plans.

 

[Alistar7]

Originally posted by: BigJ

Originally posted by: yamadakun

Originally posted by: Drakkon
The odds mean that vegas is still willing to pay out $7 for every $1 bet IF the pats win the SB. Its no longer an indicator of chances they will win/loose. Just what the casinos are willing to risk in temrs of cach based on money being layed out thusfar.

No, it's the other way around.

The Pats are huge huge favor.

If the odds are 7:1, that means the payout is $7 for every $1 bet. He is indeed correct. The problem though is that the odds for them isn't 7:1. It's ~1:5, or for every dollar you bet, you only get $0.20.

Bodog had them at 2:5, not sure where it is at now.

Edit, now at 1:3.

http://www.bodoglife.com/sport...g/football-futures.jsp

 

[LS21]

Originally posted by: Siddhartha
The bookies set odds to make money on either side of a bet.

kinda obvious there

 

[Alistar7]

Originally posted by: LS21

Originally posted by: Siddhartha
The bookies set odds to make money on either side of a bet.

kinda obvious there

Welcome to AT LS21 :beer:

 

[Injury]

Originally posted by: Common Courtesy

Originally posted by: Injury

Originally posted by: BigJ

Originally posted by: yamadakun

Originally posted by: Drakkon
The odds mean that vegas is still willing to pay out $7 for every $1 bet IF the pats win the SB. Its no longer an indicator of chances they will win/loose. Just what the casinos are willing to risk in temrs of cach based on money being layed out thusfar.

No, it's the other way around.

The Pats are huge huge favor.

If the odds are 7:1, that means the payout is $7 for every $1 bet. He is indeed correct. The problem though is that the odds for them isn't 7:1. It's ~1:5, or for every dollar you bet, you only get $0.20.

That makes little to no sense... wouldn't the minimum odds you could have be 1:1?

1:1 means that for every dollar wagered, you can receive your $1 back plu $1 in winnings.

1:5 means that for every $5 you wager, you can receive $1 in winnings.

Exactly, so why would anyone make odds that basically say "You lose if you win!"

 

[Capt Caveman]

Originally posted by: Injury

Originally posted by: Common Courtesy

Originally posted by: Injury

Originally posted by: BigJ

Originally posted by: yamadakun

Originally posted by: Drakkon
The odds mean that vegas is still willing to pay out $7 for every $1 bet IF the pats win the SB. Its no longer an indicator of chances they will win/loose. Just what the casinos are willing to risk in temrs of cach based on money being layed out thusfar.

No, it's the other way around.

The Pats are huge huge favor.

If the odds are 7:1, that means the payout is $7 for every $1 bet. He is indeed correct. The problem though is that the odds for them isn't 7:1. It's ~1:5, or for every dollar you bet, you only get $0.20.

That makes little to no sense... wouldn't the minimum odds you could have be 1:1?

1:1 means that for every dollar wagered, you can receive your $1 back plu $1 in winnings.

1:5 means that for every $5 you wager, you can receive $1 in winnings.

Exactly, so why would anyone make odds that basically say "You lose if you win!"

You get your wager back plus the winnings.

 

[EagleKeeper]

Originally posted by: Injury
...

Exactly, so why would anyone make odds that basically say "You lose if you win!"

When you bet and you "win" (in any type of wager), you get the original bet back PLUS the win payout.

In the previous example of 1:5, you would hand the bookie $5.

When the win came through (ignoring any spread), you would turn in your ticket and receive $6 back.

 

[RightIsWrong]

Originally posted by: Injury

Originally posted by: Common Courtesy

Originally posted by: Injury

Originally posted by: BigJ

Originally posted by: yamadakun

Originally posted by: Drakkon
The odds mean that vegas is still willing to pay out $7 for every $1 bet IF the pats win the SB. Its no longer an indicator of chances they will win/loose. Just what the casinos are willing to risk in temrs of cach based on money being layed out thusfar.

No, it's the other way around.

The Pats are huge huge favor.

If the odds are 7:1, that means the payout is $7 for every $1 bet. He is indeed correct. The problem though is that the odds for them isn't 7:1. It's ~1:5, or for every dollar you bet, you only get $0.20.

That makes little to no sense... wouldn't the minimum odds you could have be 1:1?

1:1 means that for every dollar wagered, you can receive your $1 back plu $1 in winnings.

1:5 means that for every $5 you wager, you can receive $1 in winnings.

Exactly, so why would anyone make odds that basically say "You lose if you win!"

They aren't saying that at all.

What Vegas/bookies are saying is that NE is the "chalk" bet and that every Joe-I wanna wager cause it's the playoffs and the only team I have heard about this year is NE" is more than likely going to pick them so they are only willing to "guarantee" you a 20% return on your money instead of the usual 100-1000% return by betting on a "longshot".

Vegas/bookies don't care who you bet on only that you are betting. If they are getting hammered on one side of a line...they are just going to lay off on the other side with another bookie so that they can hedge their bet.

They just want to sit back and eat up the juice and don't care who wins any particular event/wager.

 

[Injury]

Originally posted by: Common Courtesy

Originally posted by: Injury
...

Exactly, so why would anyone make odds that basically say "You lose if you win!"

When you bet and you "win" (in any type of wager), you get the original bet back PLUS the win payout.

In the previous example of 1:5, you would hand the bookie $5.

When the win came through (ignoring any spread), you would turn in your ticket and receive $6 back.

Gotcha.

 

[Alistar7]

Originally posted by: RightIsWrong

Originally posted by: Injury

Originally posted by: Common Courtesy

Originally posted by: Injury

Originally posted by: BigJ

Originally posted by: yamadakun

Originally posted by: Drakkon
The odds mean that vegas is still willing to pay out $7 for every $1 bet IF the pats win the SB. Its no longer an indicator of chances they will win/loose. Just what the casinos are willing to risk in temrs of cach based on money being layed out thusfar.

No, it's the other way around.

The Pats are huge huge favor.

If the odds are 7:1, that means the payout is $7 for every $1 bet. He is indeed correct. The problem though is that the odds for them isn't 7:1. It's ~1:5, or for every dollar you bet, you only get $0.20.

That makes little to no sense... wouldn't the minimum odds you could have be 1:1?

1:1 means that for every dollar wagered, you can receive your $1 back plu $1 in winnings.

1:5 means that for every $5 you wager, you can receive $1 in winnings.

Exactly, so why would anyone make odds that basically say "You lose if you win!"

They aren't saying that at all.

What Vegas/bookies are saying is that NE is the "chalk" bet and that every Joe-I wanna wager cause it's the playoffs and the only team I have heard about this year is NE" is more than likely going to pick them so they are only willing to "guarantee" you a 20% return on your money instead of the usual 100-1000% return by betting on a "longshot".

Vegas/bookies don't care who you bet on only that you are betting. If they are getting hammered on one side of a line...they are just going to lay off on the other side with another bookie so that they can hedge their bet.

They just want to sit back and eat up the juice and don't care who wins any particular event/wager.

The way you make it sound the house always wins. Imagine if you could run a business or casino with that type of guarantee, it would be a $ maker.