Re: Phil Ivey prop bet
 

Well, I screwed up. I got $300 paying 1 to 1 and my odds are certainly worse than 1 to 1 that Big 3 takes it now. Probably more like 10 to 1 now that it's down to just Matusow.

Re: Phil Ivey prop bet
 

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www.pinnaclesports has phil ivey not winning the main event at -556. Conversly he is plus 407 to win it. These numbers seem way way out of whack. I would want all i could get on the no he wont win at -556.Any thoughts

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Whoever set those odds has no clue. They seem way way out of whack. You better hurry and lock it in.

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Setting odds in sports betting has absolutely nothing to do with what the real odds are, and everything to do with setting it up so you get an equal amount of money/proportion bet by people on both sides of the issue so that regardless of what actually happens the house wins its rake.

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Common misconception.

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Are you saying that what I said was a common misconception, or that I was describing a common misconception that people have of how sports betting works?

Re: Phil Ivey prop bet
 

It is a common misconcetption that sportsbooks want even action on both sides of a bet. I am assuming that is what Homer is saying.

craig