View Full Version : Betting profit from GS tank vs Spurs
Fabbs
04-27-2012, 08:38 AM
How much of a line was placed on the tank game Golden State hosting Spurs?
Where?
Did any of you cash out? How good?
Seventyniner
04-27-2012, 08:41 AM
I saw Spurs -5.5 a couple hours before the game. That's damn near prophetic.
If I had bet on this game, though, it would've been straight winner while laying odds. Even against a tanking team, you can't always expect a blowout, especially knowing going in that the Big 3 were out.
Fabbs
04-27-2012, 08:44 AM
If I had bet on this game, though, it would've been straight winner while laying odds.
And what would the payoff % be?
Seventyniner
04-27-2012, 09:36 AM
And what would the payoff % be?
The money line started very high for the Spurs, around -360 early yesterday afternoon. It dropped quickly to Spurs -200, and settled in around Spurs -250 by tipoff.
:lol @ heavy betting on the Warriors to win outright. They should've known the Warriors would tank if the game was anywhere near close.
I don't know the exact defnition of payoff %, but here goes: a bet on Spurs -200 would have a payoff of 50%, because you have to bet $200 to win $100. Spurs -250 is 40% by the same logic.
Looked at another way, the Spurs would have to have a probability of winning greater than 2/3 (around 67%) to make the Spurs -200 bet profitable, and greater than 5/7 (around 71%) for the Spurs -250 bet to make money.
Powered by vBulletin® Version 4.2.5 Copyright © 2024 vBulletin Solutions Inc. All rights reserved.