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Pastimes : Football Forum (NFL)
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To: Thomas M. who wrote (5950)7/6/2001 9:37:50 AM
From: Master (Hijacked)  Read Replies (1) of 45639
 
Believe it or not, bookmakers are NOT gamblers. They try as much as possible to balance their books. In other words, they want equivalent action on both sides in a game. Their money comes from the vig, ie. the small percentage that makes the difference between payoffs and collection. Those bookies that become greedy by taking too much action on one side hoping to win will not stay in business for long. They gamble and inevitably, like most gamblers, they will lose.

In response to your question, some bookies will adjust the games (eg. 7.5) or the payoffs (eg. -140) or both. The idea behind it is to make the other side so enticing that it will attract bets so that they may balance their books. In some cases where a dominant team is playing against a much weaker team, they change the line drastically so as to discourage wagers on the dominant team. In other words, the cost of losing may be so high verses the potential win that it may not be worth the risk.

Master
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