My first question is
A. Is it the bookies goal to get even money on both sides?
B. According to Bookmaker, the current moneyline for today's Detroit/Yankees game is -170 Detroit, and +150 Yankees.
At this line, if they were to each get an even bet, would they just break even if Detroit wins? Just to keep things simple, if the Person A bets 170 to win 100 on Detroit and Person B bets 100 to win 150, the book collects $270.
If the Yankees win, the book pays out $250 to Person B and profits $20. Now, if Detroit wins, Person A gets $270 and the book is even for the day.
So is the book currently hoping that the Yankees win? It also seems that the current consensus is about 2 to 1, so they would even be hurt more if Detroit wins.
Wouldn't the book want to increase the price of the Yankees moneyline at this point, in order to get more money on that side?