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Old 12-08-2005, 03:06 PM
tech tech is offline
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Join Date: Apr 2004
Posts: 74
Default Re: So how did the Books lose?

Yeah, dogs have been getting killed in the NFL this year, thus books have been getting killed also. One more point about not having balanced action -- the basic idea (Stanford Wong's book has a good example of this also) is that if I know people are going to bet the favorites anyway, it increases my EV to shade the favorites a little bit, even if the action is unbalanced. If you have deep pockets to weather the downturns, this will increase your returns in the long run as a sportsbook, even if it does increase short-term variability.
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