Breaking- Vegas to experiment with negative black jack

[BG Hokie]

Thinking out loud, I wonder if you took the money line on every Tyson fight (for Tyson) if you would have come out on top, even after the Buster Douglass upset?

Every time Virginia Tech played a 1-AA team, even after the James Madison loss?

Interesting to think about... I don't really know the answer.

Money line betting on a heavy favorite, you will never come out "on top", because you have to bet more than you can possibly win.. I don't know how you could ever catch up betting $400.00 to win $100.00 - the typical Tyson scenario. You could however "straight bet" VT to win and cover the spread and win 90 cents on the dollar- a much closer "payoff"

You will come out on top EVERY time Tyson wins. I don't understand how you didn't get this...

[HooFighter]

I think you need to keep telling yourself that when you buy 100 dollars in black jack chips and win 25 dollars, you "won" 125 dollars.

I don't recall ever saying that. What I do recall is..

Money line betting on a heavy favorite, you will never come out "on top", because you have to bet more than you can possibly win..

Please explain why Las Vegas would allow for a bet there is a 0% chance of coming out ahead? Then please explain how liberals don't know jack excrement about economics.

[TheH2]

Money line betting on a heavy favorite, you will never come out "on top", because you have to bet more than you can possibly win.. I don't know how you could ever catch up betting $400.00 to win $100.00 - the typical Tyson scenario. You could however "straight bet" VT to win and cover the spread and win 90 cents on the dollar- a much closer "payoff"

Correct, you do not know the difference between a straight bet and a money line bet...I told you that some number of posts ago

No, I'm pretty sure you don't understand how a moneyline bet works.

I know exactly how it works. You pick a winner - no point spread - and the payoff is the money line figure related to the bet you place... +300, -300, -420, etc.

At -400 you bet 400 to win 100 and you also get your 400 back. That's how you make money.

Your kidding?

No, that's really how it works. I very rarely bet on negative money lines when I gambled, but that really is how it works. I did love positive money lines. VT as an underdog against Wake in football was one of my biggest wins. I also won VT over Nebraska money line on the road. I rarely bet on VT games. I however was not a good gambler, so maybe I should have bet more on money line games.

Funny story on money lines: Remember "the bears are who we thought they were" game? A friend of mine placed his first ever bet on the Bears money line ($100) and eventually won on a lot of luck. He won a few bucks but never gambled again and just withdrew his money from sportsbook.com.

[awesome guy]

Your kidding?

I think you need to stop posting right now and go punch yourself in the balls.

I think you need to keep telling yourself that when you buy 100 dollars in black jack chips and win 25 dollars, you "won" 125 dollars.

These guys are silly. Vegas surely loves them. They can't understand they're risking a lot more than they're winning. LOL

[HvilleHokie]

I'll hand it to cfb. Had this been awesome guy, he would have insulted everyone and claimed they were too stupid to understand.

[TheH2]

Your kidding?

I think you need to stop posting right now and go punch yourself in the balls.

I think you need to keep telling yourself that when you buy 100 dollars in black jack chips and win 25 dollars, you "won" 125 dollars.

These guys are silly. Vegas surely loves them. They can't understand they're risking a lot more than they're winning. LOL

Read the thread. He thinks that a line of -400 means that you bet $400 to win $100, i.e. your best case scenario is that you lose $300. That's sort of funny in and of itself because no one would make that bet.

[BigDave]

Funny story on money lines: Remember "the bears are who we thought they were" game? A friend of mine placed his first ever bet on the Bears money line ($100) and eventually won on a lot of luck. He won a few bucks but never gambled again and just withdrew his money from sportsbook.com.

Shun for mentioning one of the classic coach's rants without providing video

https://www.youtube.com/watch?v=aYKIcnj1MJY

[TheH2]

Funny story on money lines: Remember "the bears are who we thought they were" game? A friend of mine placed his first ever bet on the Bears money line ($100) and eventually won on a lot of luck. He won a few bucks but never gambled again and just withdrew his money from sportsbook.com.

Shun for mentioning one of the classic coach's rants without providing video

https://www.youtube.com/watch?v=aYKIcnj1MJY

My bad - that was fantastic.

[awesome guy]

Your kidding?

I think you need to stop posting right now and go punch yourself in the balls.

I think you need to keep telling yourself that when you buy 100 dollars in black jack chips and win 25 dollars, you "won" 125 dollars.

These guys are silly. Vegas surely loves them. They can't understand they're risking a lot more than they're winning. LOL

Read the thread. He thinks that a line of -400 means that you bet $400 to win $100, i.e. your best case scenario is that you lose $300. That's sort of funny in and of itself because no one would make that bet.

He's right about the first part, you're inventing a position for him on the second.

[TheH2]

Your kidding?

I think you need to stop posting right now and go punch yourself in the balls.

I think you need to keep telling yourself that when you buy 100 dollars in black jack chips and win 25 dollars, you "won" 125 dollars.

These guys are silly. Vegas surely loves them. They can't understand they're risking a lot more than they're winning. LOL

Read the thread. He thinks that a line of -400 means that you bet $400 to win $100, i.e. your best case scenario is that you lose $300. That's sort of funny in and of itself because no one would make that bet.

He's right about the first part, you're inventing a position for him on the second.

Ok, go read the thread. See the "your kidding", and his blackjack example. He didn't understand what a negative money line is.

I personally think negative money lines are bad bets in the NFL, but for college they really aren't that bad.

[Uprising]

Just for reference... If you would have taken all the favorites in week one of the NFL last year (where you bet enough on each game to win $100 + your money back [emoji6]), you would have won $330 dollars. If you would have bet $100 on all the dogs, you would have lost $630.

[Hokie CPA]

payouts.. because that is smart betting. When you win a 10 dollar hand, the payout will be 6 dollars. They are predicting record participation at the tables.

It depends on the odds of winning. If I bet on vt to beat uva in football, chances are I'm going to win most years. So even on a negative money line, I'm going to come out ahead.

How? when you bet 11 dollars to win 10, no matter how many times it hits, you are going to put in more than you win.

You bet 11 and win 10. The payout is $21 -- Think of it this way, you bet $11 straight up and win, you get $22, right? Your $11 bet plus the $11 you won. When you get back $21, you've paid a $1 vig (the House's cut).

You bet $10 on a hand of blackjack and they pay you $6, they've left your $10 on the table. You can choose to let it ride. I think a $4 vig on a hand of blackjack is pretty effin' steep, though.

[nolanvt]

CFB, was there a moneyline bet on Buzz leaving for the TCU or OSU job?