Someone posted a link to an article talking about the misconception that Vegas wants equal action on a game....can you provide that link again? Likes if you do
That article doesn't say they don't want equal action on a game, it said that it is hard to get exactly equal action without a middle ground. They also made a bunch of assumptions that are a huge stretch which I don't agree with. This section is just pure shit.
Because the chances of getting exactly 50% action on both sides of a line are very very small. Regardless of you moving the line 1-2 points
That doesn't mean they don't want 50/50 action, it means it is hard to attain. Everyone wants a risk free investment. It is the principle in which casinos/bookmaking/gambling are built upon.
yea we were saying the same thing but you said it a little better because your avatar is a nerd and mine is a nog
Listen to the Chad Millman podcast from 9/12/12, he had the lead bookmaker for Boyd gaming who sets lines for around 12 casinos in LV. He says the casinos want around 75/25 money on a game and they set the lines to where they get that. They want to win 50% of the games from those. On my phone else I'd post a link. It's the behind the bets podcast, 9/12/12
"There is a common misconception out there that the point spread (or line) is set with the goal of getting equal action on both sides of the game." Um, I think that's exactly what the article says .. you just choose not to believe it
In order to get equal money on both sides, line movement would be too great. When you move lines that much, the risk of getting "middled" is too high.
FWIW, good local bookies tend to move and/or steady their lines to keep it closer to 50/50. That's why you don't see many who rely on one book/service for setting lines.
Most small books I know adjust lines a little compared to LVH and the like. When they have 80%-100% on one side (which happens a lot when you only have 30-100 clients), they just offload a portion offshore to even their books. So say they set the WVU/Tech line at 6. they have 80-90% of the money on WVU. Instead of moving it across 7, they just take a portion of their WVU wagers and bet that same amount on WVU offshore or with a bigger book. That will keep then from taking a huge loss if WVU covers.