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Originally Posted by lakerboy
I don't think these posters understand the concept of "juice" also known as the vigorish. This seems common at SBR and the world over.
Juice is often misused as a casual way of saying you are laying odds, I think that's what's happening here.
Like I've often said...it's not that bettors don't know things, it's just that what they know is wrong.
This special one in particular sounds like he knows everything but knows little in reality.
Also, I've never heard of the guy.
Duke or Kentucky could of got upset but yes betting +1200 was a bad move
Lakerboy if you still like this bet you should put some more units on it.
Its +1400 currently at 5dimes.
team wins a sweet 16 AND an elite game and their odds get worse. unreal
Kentuckys odds havent changed much since the tournament started either
went from +100 to -125 currently
I guess they figure Kentucky hasnt done anything that wasnt expected so far
No. before the round of 64 kentucky was +131 to win the title -146 to not win the title at pinnacle
so yeah they went from +140ish to -120ish
i got a bad number then i took kentucky to win back in early february at +105
cash is cash that shit was going to win no matter what ....wisky would have to be lights out shooting to beat Kentucky and doubt dukes doing it.
damn bro. stick to 5dimes and heritage for future bet wagers, they usually have the best lines
Mich state is +820 at pinny. I got +1200. How did odds get worse?
regardless u got a bad line pal. i hope u win but u should be sweating a +3000 bet not a +1200 one
gl eitherway
If you think"odds" means the payout offered, then:
I'm going to go out on a limb with your numbers and say getting 12 to 1 is better than getting just over 8-1 odds on anything. Therefore, something paying 8 to 1 is not as good as something paying 12 to 1 odds.
Therefore, +820 could be considered a set of "worse" odds than 12 to 1. If the payout moves from 8 to 1 towards 12 to 1, we can say the odds got better. If the payout moves from 12 to 1 to 8 to 1, we can safely say the odds got worse.
I tried to explain it a couple of different ways.
Now, if you consider the "odds" to be the probability of the event occurring then:
If you are trying to say the odds of them winning get worse as the payouts rise, you may be putting too much trust in the efficiency of the markets, or you may be right. Unless you can calculate real odd less the juice yourself, you are guessing.
Most of the time, with a house like Pinny, the payout offered is inversely tied to the probability, although rarely, if ever, are they the same number, due to vigorish.
In other words, if the probability of success decreases, the odds of payout increase.
So, for the sake of communication, make sure everyone is on the same page when they discuss "odds." If not, things can get a bit odd.
The same thing occurs with corruption in meaning when the term "juice" is used to refer to laying odds, instead of the vigorish. Bettors say such ridiculous things like "there's no juice if you win" and "only losers pay the juice."
If the absurdity of the last two quotes isn't obvious to the reader, then the sports bettor reading this may be in trouble over the long haul. Many of the most proficient handicappers end up losing money or profit due to faulty money management...and not understanding the vigorish involved can be a big, invisible, part of those losses.
The Tonight Show puppies picked MSU to win the tourny, so sleep easy.
im offering 14-1 in the SBR BETPOINTS subpoints forum for you Spartan fans that want to collect up to 3000 betpoints!! and a chance at a FULL refund
on all losing wagers as well..you cant lose much on this offer!
Just saw a bunch of video of the MSU fans celebrating on their campus.
Michigan State looks like a shit hole...
It's a magical campus
Upon further review it looks like some shitty student housing type area.
The campus itself looks quite nice.
Yep the riots, er, celebrations take place in cedar village, "off-campus" student housing that's basically on campus but are cheap apartments not owned by the university.
Yeah the actual MSU campus is among the nicest in the country. But cedar village is shitty- lived in that area my senior year
Ah yes. Exactly like I thought.
Im not sure I saw one tree in the entire series of videos.
Let's not forget that coach k will be outcoached by izzo.
Like he has the last 9 times they met?
1-2 in the tourney. Other games mean fukk all.Like he has the last 9 times they met?
never saw someone say so much yet say so little. congrats/If you think"odds" means the payout offered, then:
I'm going to go out on a limb with your numbers and say getting 12 to 1 is better than getting just over 8-1 odds on anything. Therefore, something paying 8 to 1 is not as good as something paying 12 to 1 odds.
Therefore, +820 could be considered a set of "worse" odds than 12 to 1. If the payout moves from 8 to 1 towards 12 to 1, we can say the odds got better. If the payout moves from 12 to 1 to 8 to 1, we can safely say the odds got worse.
I tried to explain it a couple of different ways.
Now, if you consider the "odds" to be the probability of the event occurring then:
If you are trying to say the odds of them winning get worse as the payouts rise, you may be putting too much trust in the efficiency of the markets, or you may be right. Unless you can calculate real odd less the juice yourself, you are guessing.
Most of the time, with a house like Pinny, the payout offered is inversely tied to the probability, although rarely, if ever, are they the same number, due to vigorish.
In other words, if the probability of success decreases, the odds of payout increase.
So, for the sake of communication, make sure everyone is on the same page when they discuss "odds." If not, things can get a bit odd.
The same thing occurs with corruption in meaning when the term "juice" is used to refer to laying odds, instead of the vigorish. Bettors say such ridiculous things like "there's no juice if you win" and "only losers pay the juice."
If the absurdity of the last two quotes isn't obvious to the reader, then the sports bettor reading this may be in trouble over the long haul. Many of the most proficient handicappers end up losing money or profit due to faulty money management...and not understanding the vigorish involved can be a big, invisible, part of those losses.
I know, it's ridiculous. Clearly so many posters seem to need this type of basic explanation. Lack of communication abounds.
Good luck lakerboy! Imma be riding MSU!!
i put 25 on msu to win 1125 beginning of tourney. Funny thing is lakerboy;if you only played that bet and only that bet if it loses your down hundy. There are a hell of alot of peoples that would love that position. penetrate them and root like hell.
Lakerboy on the verge of another milestone.
4 championships to 1. /thread
So you want to go back to a tournament game from 2000, the ONLY time Izzo has beaten Duke and disregard a game of significantly more relevance earlier this year?That explains the success, or lack thereof, of your "look at me" threads.
Exactly, rather than sweating a $3,000 bet.
Chico gets it.
Capone just thinks he gets it.
Ummmm like someone said earlier coach K is 8-1 lifetime vs izzo
well under that reasoning than the giants need to give the ring to patriots that year. They only beat them by 30 or more in regular season!
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