Wednesday, August 24, 2011

Question of the Day

I was having dinner with a good friend last night, a business owner who follows the market closely, After some interesting discussion regarding inflation I posed the following question to him regarding the 'action' of the markets, which I thought worthy enough to share this morning.

If I gave 2000 (of the largest or most active professional sports bettors across the country free money), let's say $50 million, that could be used for sports betting only (further to that if they lost it, there would be another 50 million waiting for them) then what do you think this would do to the lines (or the odds if you prefer) on the games or events?

Something to consider.

2 comments:

Rick Caird said...

That would narrow the odds. There would be no downside to losing, so bettors would seek out the long shots. However, since the books always try to balance their books, the odds would narrow to get more money on the favorites.

Harleydog said...

Rick,

thx for taking time to drop me your note. yes bookies would lay off the bets.

HD