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Old 02-03-2012, 01:02 PM   #5
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Join Date: Aug 2006
Location: Brooklyn
Posts: 28,389
Default Re: How come media members don't understand odds?

Originally Posted by -p.tiddy-
the line is created by the gamblers...they adjust the spread to try and get a perfect 50/50% of the money on each team, then they charge the winners 5% "juice"

so that way they take home 5% of all the money bet no matter who wins the game.

the spread is just a reflection of what the gamblers are doing....looks like the money started to lean toward the Gaints, so they changed the spread to 2.5 to get more people to bet Pats and even it out.
its back to 3 actually.
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