southsider2k5 Posted October 31, 2013 Share Posted October 31, 2013 Phil Rogers @philgrogers 12m Odds are in for 2014 World Series champ. White Sox check in at 50-1; Cubs at 66-1. No, this is not baseball's golden age in Chicago. Quote Link to comment Share on other sites More sharing options...
southsider2k5 Posted October 31, 2013 Author Share Posted October 31, 2013 Marc Topkin @TBTimes_Rays 16m #Rays are 16-1 to win next World Series per online gambling site @BovadaLV. #Dodgers 7-1, #Tigers 9-1, #RedSox among several at 10-1 Quote Link to comment Share on other sites More sharing options...
Jake Posted October 31, 2013 Share Posted October 31, 2013 I'm interested in how good the BoSox are going to be next year. Have a lot of expired contracts as well as guys that seemed to play over their heads last year Quote Link to comment Share on other sites More sharing options...
chetkincaid Posted October 31, 2013 Share Posted October 31, 2013 QUOTE (Jake @ Oct 31, 2013 -> 10:26 AM) I'm interested in how good the BoSox are going to be next year. Have a lot of expired contracts as well as guys that seemed to play over their heads last year I hope the red socks lose 110 games next year. Quote Link to comment Share on other sites More sharing options...
NorthSideSox72 Posted November 1, 2013 Share Posted November 1, 2013 So here's a sort of obscure question I have on this... I've seen odds on the Sox stated variously at 40-1, 50-1, and 60-1, depending on what casino or source it is pulled from. Seems to me that, if the odds really are different at different locations like that, there is an obvious arbitrage opportunity there for the bookmakers. For every dollar you take in selling them at 40-1, you buy a dollar's worth from another casino (directly or indirectly) at 60-1. For every team that doesn't win, you end up flat. For the team that does, you make as much as 50% margin. Netted out over a lot of diff trades, you make significant positive margin. I wonder if they do that. Quote Link to comment Share on other sites More sharing options...
LittleHurt05 Posted November 1, 2013 Share Posted November 1, 2013 QUOTE (NorthSideSox72 @ Nov 1, 2013 -> 09:19 AM) So here's a sort of obscure question I have on this... I've seen odds on the Sox stated variously at 40-1, 50-1, and 60-1, depending on what casino or source it is pulled from. Seems to me that, if the odds really are different at different locations like that, there is an obvious arbitrage opportunity there for the bookmakers. For every dollar you take in selling them at 40-1, you buy a dollar's worth from another casino (directly or indirectly) at 60-1. For every team that doesn't win, you end up flat. For the team that does, you make as much as 50% margin. Netted out over a lot of diff trades, you make significant positive margin. I wonder if they do that. I would assume there is legislation against such actions. It's probably not worth the risk for a large sports book. Quote Link to comment Share on other sites More sharing options...
southsider2k5 Posted November 1, 2013 Author Share Posted November 1, 2013 QUOTE (LittleHurt05 @ Nov 1, 2013 -> 09:26 AM) I would assume there is legislation against such actions. It's probably not worth the risk for a large sports book. Coming from a trading background, it would be the larger books that would be more likely to engage in hedging. Quote Link to comment Share on other sites More sharing options...
LittleHurt05 Posted November 1, 2013 Share Posted November 1, 2013 QUOTE (southsider2k5 @ Nov 1, 2013 -> 09:34 AM) Coming from a trading background, it would be the larger books that would be more likely to engage in hedging. Would it be legal? When I mentioned risk, I was referring to getting caught, not losing money. Quote Link to comment Share on other sites More sharing options...
southsider2k5 Posted November 1, 2013 Author Share Posted November 1, 2013 QUOTE (LittleHurt05 @ Nov 1, 2013 -> 09:57 AM) Would it be legal? When I mentioned risk, I was referring to getting caught, not losing money. No idea if it would be legal. Quote Link to comment Share on other sites More sharing options...
cabiness42 Posted November 1, 2013 Share Posted November 1, 2013 So here's a sort of obscure question I have on this... I've seen odds on the Sox stated variously at 40-1, 50-1, and 60-1, depending on what casino or source it is pulled from. Seems to me that, if the odds really are different at different locations like that, there is an obvious arbitrage opportunity there for the bookmakers. For every dollar you take in selling them at 40-1, you buy a dollar's worth from another casino (directly or indirectly) at 60-1. For every team that doesn't win, you end up flat. For the team that does, you make as much as 50% margin. Netted out over a lot of diff trades, you make significant positive margin. I wonder if they do that. I would think there have to be laws against sports books making bets other places. Otherwise everybody would be doing this. Quote Link to comment Share on other sites More sharing options...
witesoxfan Posted November 1, 2013 Share Posted November 1, 2013 (edited) QUOTE (HickoryHuskers @ Nov 1, 2013 -> 11:06 AM) I would think there have to be laws against sports books making bets other places. Otherwise everybody would be doing this. I don't think anybody would do this even if they could. There would no longer be a "house." First, unless one house simply abstained from betting which, in reality, would be irrational thinking at the margin (because if you are offering 40:1 odds and you can find a place offering 42:1 odds, you can take half the money you make and place it at 42:1 because then you make money no matter what) casinos would bet with each other all the time. Secondly, and probably more importantly, you would begin to see casinos jockeying with each other for the reason above to offer lower odds, which is an aspect of a free market economy, and instead of the Sox being 50:1 dogs to win the World Series, that would suddenly make its way down to about 8:1 or 10:1, and the Red Sox would probably be at 4:3 or something stupid like that. At that point, you lose the customer because they have virtually no incentive to bet because what's the point? It would actually in the casino's worst interests to bet. Edited November 1, 2013 by witesoxfan Quote Link to comment Share on other sites More sharing options...
SCCWS Posted November 1, 2013 Share Posted November 1, 2013 (edited) QUOTE (Jake @ Oct 31, 2013 -> 11:26 AM) I'm interested in how good the BoSox are going to be next year. Have a lot of expired contracts as well as guys that seemed to play over their heads last year I think they will be loaded next year. They have expired contracts but they also add two young studs in Bradley and Bogaerts to replace Ellsbury and Drew. They had 3 relief pitchers on the DL who will return next year. Their AAA and AA teams have 3 or 4 highly rated prospects after the 2 mentioned. Heck, Peavy is their No 5 starter at this point. My guess is they resign Salty and Napoli. I think they are a heavy favorite to repeat in AL Edited November 1, 2013 by SCCWS Quote Link to comment Share on other sites More sharing options...
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