Comments on: Weekend Picks http://www.dailydoseofexcel.com/archives/2004/09/18/weekend-picks/ Daily posts of Excel tips…and other stuff Thu, 09 Feb 2012 18:06:07 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Mike http://www.dailydoseofexcel.com/archives/2004/09/18/weekend-picks/#comment-2305 Mike Sun, 19 Sep 2004 15:35:00 +0000 http://www.dailydoseofexcel.com/?p=769#comment-2305 <p>just a slight correction regarding spreads;</p> <p>the oddsmakers set the spread in an attempt to get the same amount of money on each team...they make a vigorish ("vig") on each bet...if the spread is set and too much money is being bet on one side, they'll adjust the points in order to get more bets on the other side</p> <p>many "sports guys" (TV, radio, newspaper) state what you said..."the oddsmakers think that one team will win by 3 points or so...what they're really saying is if i set the points at 3, then the bets will be split</p> <p>Mike</p> just a slight correction regarding spreads;

the oddsmakers set the spread in an attempt to get the same amount of money on each team…they make a vigorish (“vig”) on each bet…if the spread is set and too much money is being bet on one side, they’ll adjust the points in order to get more bets on the other side

many “sports guys” (TV, radio, newspaper) state what you said…”the oddsmakers think that one team will win by 3 points or so…what they’re really saying is if i set the points at 3, then the bets will be split

Mike

]]> By: ross http://www.dailydoseofexcel.com/archives/2004/09/18/weekend-picks/#comment-2304 ross Sun, 19 Sep 2004 11:05:00 +0000 http://www.dailydoseofexcel.com/?p=769#comment-2304 <p>4 in 10, thats worst than chance!</p> 4 in 10, thats worst than chance!

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