[TheTimeOfMan]

The author has no understanding of how this type of gambling works. Book makers adjust the odds such that it’s all a wash - and then they take their vig off the top. Bookmakers do not gamble - they just manage a pool of money that they take a cut from. Just like stock brokers.

And they laugh all the way to the bank.

[Paal Gulli]

To: TheTimeOfMan
"The author has no understanding of how this type of gambling works. Book makers adjust the odds such that it’s all a wash - and then they take their vig off the top. Bookmakers do not gamble - they just manage a pool of money that they take a cut from. Just like stock brokers.

And they laugh all the way to the bank."

And the stock market never crashes because the bookies ... I mean the brokers never get it wrong, right?

According to the Nevada gaming commission, Vegas sports books lost $8.5 million on football in January of 2017. Even worse was November of 2005, when they went $11.2 mil in the hole.

So they don't always get it right. And right now they've dug themselves a mighty big hole because >80% of the money is coming in on the 3-1 underdog. They haven't yet created the vig that'll cover that wide of a margin, so unless they shorten the odds enough to send gamblers scrounging through their sock drawers and sofa cushions in search of Mayweather money, Saturday night in Vegas could get might wet (because the bookies all will be taking baths).