Just a question about the mechanics of how things work as far as odds, point spread, and over/under.
But I have a question about odds, point spread, and over/under betting.
Let's use the NFL as an example. Let's say you have Team A vs Team B. And the "odds" of Team A winning are 5:1. And let's say John Smith bets $100 on Team A. Now, due to whatever reason, the odds change to 4:1. If John Smith wins his bet, does he still get the 5:1 payout?
And as far as point spread, let's say that the point spread for Team A vs Team B is Team A -9 (Team A being a 9 point favorite). And let's say that John Smith bets another $50 and "takes the points", because he believes that the game will be closer than 9 points. But let's say that as the week goes on, and more information comes out, that the spread is now Team A -5. What happens to John Smith's bet if Team B covers the original 9 point spread (let's say it ends up being a 7 point difference, instead of less than 5)?
Same with the over/under on total points. Let's say the total over/under for the game starts at 42, and John Smith lays $20 down on the "under", but then the over/under shifts to, say, 35. What happens then if the total point value is something like 38?
My wife and I were discussing this last night, and we had no idea what happens, because we know that the bookmakers like to "set a middle", but it seems like in some of these circumstances it would be difficult to do.
Can someone explain? I'm just curious, nothing more.
Mods: If this is inappropriate, please let me know.
But I have a question about odds, point spread, and over/under betting.
Let's use the NFL as an example. Let's say you have Team A vs Team B. And the "odds" of Team A winning are 5:1. And let's say John Smith bets $100 on Team A. Now, due to whatever reason, the odds change to 4:1. If John Smith wins his bet, does he still get the 5:1 payout?
And as far as point spread, let's say that the point spread for Team A vs Team B is Team A -9 (Team A being a 9 point favorite). And let's say that John Smith bets another $50 and "takes the points", because he believes that the game will be closer than 9 points. But let's say that as the week goes on, and more information comes out, that the spread is now Team A -5. What happens to John Smith's bet if Team B covers the original 9 point spread (let's say it ends up being a 7 point difference, instead of less than 5)?
Same with the over/under on total points. Let's say the total over/under for the game starts at 42, and John Smith lays $20 down on the "under", but then the over/under shifts to, say, 35. What happens then if the total point value is something like 38?
My wife and I were discussing this last night, and we had no idea what happens, because we know that the bookmakers like to "set a middle", but it seems like in some of these circumstances it would be difficult to do.
Can someone explain? I'm just curious, nothing more.
Mods: If this is inappropriate, please let me know.
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