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The sports book will make a profit of $45,500 no matter who wins.That's a balanced book,
equal amounts of money bet on each team.When Vegas sets the line, they don't care
who is really the better team. Your friend thinks the Steelers are going to win
so he also makes a bet at the sports book and he also puts up
$110.The Cowboys cover the bet so you are paid $210. No matter the outcome, they
will make money.For example. You get your $110 back that you initially put up and
$100 for winning the bet. Your friend losses his whole Nike Requin $110 and the book makers
get to keep the remaining $10 for all their trouble. They want to choose a
spread that will get half of the people to bet on one team and the
other half to bet on their opponent. You think the Cowboys are going to win
so you place your bet at your favorite Vegas sports book. At the sports book
you have to put up $110 to win $100. Why? Because that is what is
call a "balanced book" and in that situation it doesn't matter to the sports books
who wins. Suppose the Cowboys chaussures puma are favored by 3 over the Steelers. In this situation
the sports book made 4.55% on the total amount of money wagered. Suppose 1 million
dollars is bet on a single game. All they care about is balancing their books.
Is the NFL spread designed to make every game even, a 50-50 chance? It's not,
and understanding how Vegas and book makers determine the spread will help you pick more
games correctly.The NFL Spread is Based on Public OpinionVegas book makers only have one thing
in mind when they set the spread. So if public opinion is on the side
of one team the sports books have to raise the spread in order to make
sure they have enough people bet against the crowd to balance their books.So now you
see that the crowd, the majority, actually moves the line in a direction that is
disadvantageous to them.So always remember, if you are betting with the crowd you are giving
up too many points and it may cost you money.For free betting tips and strategies
and to get our free ebook "Against the Spread 2011." Sign up for our free
newsletter at http://www.RabidPorcupine.com or visit us at the Rabid Porcupine..
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