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<blockquote data-quote="Sky King" data-source="post: 593899" data-attributes="member: 7171"><p>Not that any of this will impact what happens on the field, but some things about the betting line are not always well understood. The sportsbooks are interested in the "rake."Ideally, they want the betting to be about even between both teams. The rake is what their take is on the betting. Let's just call it a handling fee, commission, whatever. If the betting gets too heavy on one side they stand to lose big if that team should prevail. Of course, they may win big if it goes the other way. They don't build billion dollar casino hotels complexes because they're foolish. The rake is a sure thing and it needs to be higher than what they stand to lose if the wrong team wins. Their preferred scenario is to have an even dollar amount of bets on both teams. The more money that's bet in total (evenly) the better. It's also why the betting line will often be set at an impossible X and one-half point.</p><p></p><p>The Packers have historically drawn a lot of bets from loyal fans who somehow think that it is a show of faith in their team, like voting for them to win. The sportsbooks have long known of this phenomena. It can have an impact on the betting line, So it is not uncommon to see the books adjust the line to attract bettors to the other side to even the amount that's bet. It also depends who they or any team, for that matter, are playing.</p><p></p><p>When the odds are shown in the paper they may not accurately represent the true betting line. It's a starting point. It is why the betting line can vary from one sportsbook to another. How each individual sportsbook adjusts their betting line will be affected by how much is being bet in their establishment. Fifty Packer fans betting $20 dollars on their team will be offset by one whale betting $50k on the other team. And there are folks that will bet $1 million or more if they see the betting line favors one team or the other. It's not how many people bet one way or the other, it's how much.</p><p></p><p>Sorry for the missive, but the bottom line is that the betting line has one purpose: To profit the sportsbook. They really don't care who wins the games. They are only fans of making money for themselves. So don't get too caught-up in how much they "like" your team.</p></blockquote><p></p>
[QUOTE="Sky King, post: 593899, member: 7171"] Not that any of this will impact what happens on the field, but some things about the betting line are not always well understood. The sportsbooks are interested in the "rake."Ideally, they want the betting to be about even between both teams. The rake is what their take is on the betting. Let's just call it a handling fee, commission, whatever. If the betting gets too heavy on one side they stand to lose big if that team should prevail. Of course, they may win big if it goes the other way. They don't build billion dollar casino hotels complexes because they're foolish. The rake is a sure thing and it needs to be higher than what they stand to lose if the wrong team wins. Their preferred scenario is to have an even dollar amount of bets on both teams. The more money that's bet in total (evenly) the better. It's also why the betting line will often be set at an impossible X and one-half point. The Packers have historically drawn a lot of bets from loyal fans who somehow think that it is a show of faith in their team, like voting for them to win. The sportsbooks have long known of this phenomena. It can have an impact on the betting line, So it is not uncommon to see the books adjust the line to attract bettors to the other side to even the amount that's bet. It also depends who they or any team, for that matter, are playing. When the odds are shown in the paper they may not accurately represent the true betting line. It's a starting point. It is why the betting line can vary from one sportsbook to another. How each individual sportsbook adjusts their betting line will be affected by how much is being bet in their establishment. Fifty Packer fans betting $20 dollars on their team will be offset by one whale betting $50k on the other team. And there are folks that will bet $1 million or more if they see the betting line favors one team or the other. It's not how many people bet one way or the other, it's how much. Sorry for the missive, but the bottom line is that the betting line has one purpose: To profit the sportsbook. They really don't care who wins the games. They are only fans of making money for themselves. So don't get too caught-up in how much they "like" your team. [/QUOTE]
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