Originally <a href='http://www.sportsbookreview.com/forum/showthread.php?p=23723983'>posted</a> on 03/13/2015:
Do I even have to say who got it right here?
Futures wagering are licenses to print money for sportsbooks. Mathematically, the Colts are probably 20-1 to win it all, and that's being generous. The people at the books decide "what's the most awful price somebody will give us for a 20-1 futures bet with the Colts?", and they set it. If people don't like it, it drops a little. If it doesn't, some people will actually bet it at 5-1, and the books immediately POCKET that remaining 15-1 in equity.
When the Rams won the Superbowl in 2000, the futures odds at the beginning of the season were around 70-1. Retards everywhere were saying how the books much of taken a bath on that one. No, they paid out about $40k to the ten people that bet on the Rams, and pocketed the rest of the millions bet on the other 31 teams.
And just like parlays, they WANT you to hit one every now and then to make you think that you're smart, and not way down overall from betting them. When the truth is.....
Do I even have to say who got it right here?
Futures wagering are licenses to print money for sportsbooks. Mathematically, the Colts are probably 20-1 to win it all, and that's being generous. The people at the books decide "what's the most awful price somebody will give us for a 20-1 futures bet with the Colts?", and they set it. If people don't like it, it drops a little. If it doesn't, some people will actually bet it at 5-1, and the books immediately POCKET that remaining 15-1 in equity.
When the Rams won the Superbowl in 2000, the futures odds at the beginning of the season were around 70-1. Retards everywhere were saying how the books much of taken a bath on that one. No, they paid out about $40k to the ten people that bet on the Rams, and pocketed the rest of the millions bet on the other 31 teams.
And just like parlays, they WANT you to hit one every now and then to make you think that you're smart, and not way down overall from betting them. When the truth is.....