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Thread: For the Benefit of this Board...

  1. #11
    Senior Member Ken Bora's Avatar
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    Quote Originally Posted by BonMallari View Post
    minus (-110) means you have to put up 110 dollars to win a hundred, in other words the house agrees with you on the outcome(favorite) and you have to pay the vig...if it was + 110, you would be betting the underdog and betting 100 to win 110..

    as the days increase the likelyhood that the truce will be broken may increase, so the odds may go to -250 (bet 250 to win 100)

    Thank you Bon, this specifically is what is blowing my mind. Would I get back my original $110 and $100 on top of that? Is that what is meant by spending $110 to win $100. Or, would I just get $100?




    .
    "So what is big is not always the Trout nor the Deer but the chance, the being there. And what is full is not necessarily the creel nor the freezer, but the memory." ~ Aldo Leopold

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  2. #12
    Senior Member BonMallari's Avatar
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    Quote Originally Posted by Ken Bora View Post
    Thank you Bon, this specifically is what is blowing my mind. Would I get back my original $110 and $100 on top of that? Is that what is meant by spending $110 to win $100. Or, would I just get $100?




    .
    you would get back your original bet plus the amount won
    All my Exes live in Texas

    Quote Originally Posted by lanse brown View Post
    A few things that I learned still ring true. "Lanse when you get a gift, say thank you and walk away. When you get a screwing walk away. You are going to get a lot more screwings than gifts"

  3. #13
    Senior Member Ken Bora's Avatar
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    Quote Originally Posted by BonMallari View Post
    you would get back your original bet plus the amount won

    how does the house make money on that bet?



    .
    "So what is big is not always the Trout nor the Deer but the chance, the being there. And what is full is not necessarily the creel nor the freezer, but the memory." ~ Aldo Leopold

    "The Greatest Obstacle to Discovery is not Ignorance -- It is the Illusion of Knowledge" ~ Daniel Boorstin

  4. #14
    Senior Member huntinman's Avatar
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    Quote Originally Posted by Ken Bora View Post
    how does the house make money on that bet?



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    for every winner, there are losers...
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  5. #15
    Senior Member BonMallari's Avatar
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    Quote Originally Posted by Ken Bora View Post
    how does the house make money on that bet?



    .
    ...for example if you bet -110 to win 100 and I bet the opposite way, + 110; 100 dollars to win 110..one of us is winning the other person's money

    the house makes money on the action, and being on the correct side of the outcome of the game...the line of the game is not really an indication of how the game will turn out, its a number the sportsbook line makers thinks that they can get an equal number of wagers on both sides

    even if the favorite wins the game it may not cover the spread, and thus the house wins big
    All my Exes live in Texas

    Quote Originally Posted by lanse brown View Post
    A few things that I learned still ring true. "Lanse when you get a gift, say thank you and walk away. When you get a screwing walk away. You are going to get a lot more screwings than gifts"

  6. #16
    Senior Member Ken Bora's Avatar
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    So how does the house set the line? Or breaking point? Do they all keep a staff for this or get outside info?
    Like when horse racing for example is on the news they will say a horse is “Favored”. Is this because once central source says so or do all the houses come to their own line? And obviously folk must disagree with the line or they would not bet in the first place right?
    It seems to me this must be so simple to grasp, ‘cause I’ve seen the folk who take the busses to Saratoga, NY. Yet, I don’t get it yet.


    .
    "So what is big is not always the Trout nor the Deer but the chance, the being there. And what is full is not necessarily the creel nor the freezer, but the memory." ~ Aldo Leopold

    "The Greatest Obstacle to Discovery is not Ignorance -- It is the Illusion of Knowledge" ~ Daniel Boorstin

  7. #17
    Senior Member BonMallari's Avatar
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    Quote Originally Posted by Ken Bora View Post
    So how does the house set the line? Or breaking point? Do they all keep a staff for this or get outside info?
    Like when horse racing for example is on the news they will say a horse is “Favored”. Is this because once central source says so or do all the houses come to their own line? And obviously folk must disagree with the line or they would not bet in the first place right?
    It seems to me this must be so simple to grasp, ‘cause I’ve seen the folk who take the busses to Saratoga, NY. Yet, I don’t get it yet.


    .
    they use the Las Vegas disemmination service which "advises" them on what the number should be...the Stardust used to set the line here in town and every one would play off of that number, but now the standard or initial line is usually set at either the LV Hilton or Caesars Palace
    All my Exes live in Texas

    Quote Originally Posted by lanse brown View Post
    A few things that I learned still ring true. "Lanse when you get a gift, say thank you and walk away. When you get a screwing walk away. You are going to get a lot more screwings than gifts"

  8. #18
    Senior Member Ken Bora's Avatar
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    Thank You Bon,
    I think I am getting it.
    I'll bet my 1 dogs afield dollar that Dave will break the truce first.
    but we have yet to set the odds right Bon? Yours was just a guess?
    We need to have them looked at by the LV Hilton


    .
    "So what is big is not always the Trout nor the Deer but the chance, the being there. And what is full is not necessarily the creel nor the freezer, but the memory." ~ Aldo Leopold

    "The Greatest Obstacle to Discovery is not Ignorance -- It is the Illusion of Knowledge" ~ Daniel Boorstin

  9. #19
    Senior Member BonMallari's Avatar
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    Quote Originally Posted by Ken Bora View Post
    Thank You Bon,
    I think I am getting it.
    I'll bet my 1 dogs afield dollar that Dave will break the truce first.
    but we have yet to set the odds right Bon? Yours was just a guess?
    We need to have them looked at by the LV Hilton


    .
    Mine was a guess...

    I am hoping..honestly that both MEN will see that this feud, is now reached silly,pointless, and does no one any good...and the sooner we all move on the better off for all concerned
    All my Exes live in Texas

    Quote Originally Posted by lanse brown View Post
    A few things that I learned still ring true. "Lanse when you get a gift, say thank you and walk away. When you get a screwing walk away. You are going to get a lot more screwings than gifts"

  10. #20
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    Quote Originally Posted by Ken Bora View Post
    I'll bet my 1 dogs afield dollar that Dave will break the truce first.
    Soooo, if someone wanted to agree tha Ken was correct & that mr I will be the truce breaker, would they get better odds. Like a dogs afield dollar & a free bottle of ken's maple syrup. Inquiring minds would like to know .
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