I'm confused at this possible wager
PeanutDaKidnapper
Member
A local that goes through a pretty big outfit outline has this division wager bet available. I don't understand how two teams can be - money on this type of wager. Am I missing something?
Comments
There is simply a lot of vig. Consider a normal wager where a book deals -120/-120, both teams clearly don't have > 50% chance of winning, the book is just putting a lot of vig into the line.
Take out the vig from the above line and you get implied %'s of Seattle 50%, Arizona 42.5%, and SF 7.5% -- those probably aren't right (especially given other books have sea -200/+170) but with that much vig it doesn't matter, book is in a good spot.