Las Vegas Screwed Up The Point Spread For The Super Bowl — And It Could Cost Millions

Discussion in 'Chit Chat' started by Banjo, Jan 20, 2015.

  1. Banjo

    Banjo

  2. I have to agree that Seattle giving three was a terrible line. Seattle had trouble with the GB defense. NE totally shut down an explosive Colts offense.
     
  3. ElCubano

    ElCubano

    Vegas can swing the spread the other way to draw a balance on the books. If they caught it on time they will be ok. just saying meng.
     
  4. Good point ElCubano. The article made it sound like the spread was moved by massive betting. All it would take is a phone call.

    I actually thought the Pats should be favored.
     
  5. jem

    jem

    this is sort of a math / market making question...
    as bookies do that...
    won't there be potential scores that create big loses or big wins in their book
    do they have ways to lay off that risk like derivatives and options?

     
  6. Banjo

    Banjo

  7. ElCubano

    ElCubano


    yes the spread moved on massive betting on seahawks -3. That means the spread setter fucked up but the line can continue to move to balance the book. How much money took out the -3 is the question.