How Do Vegas Oddsmakers Make the Point Spread in Sports Gambling (Do they REALLY balance action?)
ฝัง
- เผยแพร่เมื่อ 10 ก.ย. 2024
- How do Vegas Oddsmakers make the point spread in sports gambling? Is it true that they produce a line to help balance action? The Prez sits down with Golden Nugget Race & Sports Book Executive Director Tony Miller to go over what goes behind creating the spread. Some of the topics Prez goes over with Tony include:
-How are the lines made in Vegas?
-Why are the spreads at most sportsbooks the same?
-Why are some teams inflated in regards to the spread?
-Which sports are the easiest to bet and make money on?
-How are straight bets, parlays and teasers broken down by action?
-NFL vs other sports in regards to betting action?
-How do sportsbooks make money?
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Prez, very impressed with Tony Miller, stand-up-guy and Executive Sports Book Director.
I was in The "Nugget" 25 years ago when Joe Carter Hit the World Series walk-off Homer.
Place was Electric!. OK, Mr. Miller, thanks for the Intel and Best of Success...
Thx brother
Great show ... one of the most interesting and insightful I’ve heard on this topic. Good questions, and I appreciate Tony’s candidness- can’t wait to swing by the
👑Nugget 👍
Chris Skelton can’t thank you enough for these kind words
Prez, this was one of the most valuable pieces of content I've seen on sports betting. Amazing interview man. Keep it up! Congrats on 17k.
I like Tony. He seems like a good guy and great questions from the Prez
HE reminds me of a young Jimmy the Greek.
@@VegasTD1 I forgot about Jimmy "the Greek" Snyder, but yeah, Tony does somewhat resemble him.
Where do the power rankings come from or does each bookmaker have there own.?
Big fan of what you guys do at WagerTalk! Awesome video! I’m curious to know why Tony shares this type of info with us? His info can potentially help people beat his sports book, so why help us with predicitions, & other info? I love that he helps us with info though!
What a wonderful comment ricardo - long story short so long as everyone keeps doing parlays the books will keep winning and you can't teach a drug addict how to be healthy lol - in other words - so few of you actually listen - i hope you are one of the guys
He’s retired I believe he has no obligations to the books now
Looking forward to the 2019 season and more vids like this!
Rugby 7s is legit the most entertaining sport to watch. First got into it when I went to Fiji for my tv show. Watched 15hrs of rugby a day the 4 days before filming the show.
Thanks... still valuable a few years later.
Glad you liked it!
Its very interesting topic, glad you bring that in!
Gin Rummy thx man appreciate the nice words
@@prezwagertalk not always a good 1 but I have to dissociate otherwise critical thinking will never help. Those kind of things helps more people, I think rather than promote = )
Great questions and honest answers. I really appreciate you both!
How is the D as far as a hotel to stay at ? Looked cheap / cost so thought maybe a lil crappy but going in April meeting a girlfriend whats a great place to stay , i need a gym doesn't have to be big but Steam Room & or Sauna important if any one can drop suggestions !? Appreciate it!!
Totally honest loving it
Awesome video. Great to get some knowledge and insight from the inside behind the counter that you don't usually here about. Keep up the great work
The Cenobite Kid thx so much and we are going to make part 2 ideally next week
Well done! Great interview, thank you so much gentlemen for educating us.
Fantastic video Prez! Went 4-0 this past week on AFC North, now 30-7 on the division. You should get a hold of me.
Chris Hunter what a great record man way to go and thx for the kind words about this video
Great interview, very helpful. I finally understand why being a contrarian ruined my summer.
lol on contrarian my friend - we all are to some degree as its hard to think KC will lose to Balt for instance - be well and kick ass this weekend
OMG! this video was so helpful and informative ... thanks!
Thank you so much - this means the world to me
Great video. Looking at trying to make my own lines for CFB next year and this info is golden. Thanks Prez & Tony
Aaron Gibson thx man really loved doing this video
Great insights on this video. Thank you for posting.
Hey Prez, I heard you mention an “if bet” can you explain what that is and why it provides more a true odds situation than a parlay?
I will do this topic for you tomorrow on the Morning Joe show - stay tuned - as it is very important
Thank you!
Hey Prez when did you discuss this if bet? May have missed it but didn’t hear you talk ahout it. Thank you
Very informative. Thanks Prez and Tony.
Daniel Y was so fun to make we are going to do a part 2 maybe next week. Thx for the nice words
Hey I think Kelly gave you the thumbs down. LOL. This was vey informative although the just subtract power rankings to get the line is interesting. I will look at this more. I have Always liked Tony and the Golden Nugget, but they stopped comping drinks. What's up with that! The margins may be low, but when you drop 3-5 dimes (not much to yawl, but hey) on 6 bets wet my beak would ya. The entire wager talk team is great. Thanks to all for your efforts!
We appreciate you taking the time to watch the videos and comment.
Great video. And thanks for doing the interview from a BETTOR's perspective. A lot of interviews with Bookmakers seem to be more about the Books and not about how the Bettors can use the info in their decisions. One video request though, can you do a video about in-game betting? The line swings seem to be huge in-game and would love to know how it's done - is it by computer algorithms or does one employee just follow the game and continually make changes to the numbers?
I will track someone down for in-game betting - great idea - and thx so much for the kind words CD - really appreciate it
Great vid!
Jonathan B ty brother was fun to do
Obviously a large bet can come in and throw the balance off but it doesn’t mean that’s not their goal. I wish he would have asked the guy what the scenario for a book would be. I bet in ideal world, they’d want it to be 50/50
But Its very different now with the Internet,prop bets, teasers,etc.. If you wanted the Patriots 1000× timer I just call another book to put 500× the Dolphins & the profit comes from the vig 10% automatically.
Good show prez great - question
Thanks so much David - means a lot to me
now i will win tons of money. i know the correct odds
Thanks prez in Tony for the much needed info .. Prez Great interview buddy 👍
Great information 👍
Glad it was helpful!
Run Rich 🏃♀️
I like Tony and the job he does over at the Golden Nugget but it's the offshore world that controls the betting markets.
With that said what I meant to say Tony and his team of handicappers come up with a -10 on a game but the betting markets have it at - 7, they're riding with the -7. Nobody is sticking themselves out there like that. Rightfully so I guess that's risk management 101. Haven't heard the whole interview but just thought I'd add that, maybe he brings that up later
Haha two minutes into it and you've already made that point, you're the man Prez
Jason, especially in the lesser sports. Most Vegas books use the screens for the CFL, etc.
@@Wagertalk makes you even wonder why they waste their time putting their own numbers together when the reality is they're going to go with the market number combined or when there heavily on one side and they need to move it a half a point
Why do these guys talk so much it took too long to allow the oddsmaker to explain. A very simple concept. Power ratings , constantly watched
looooll i know the bengals will win this weekend
Nah its rigged
Nah u just lost everything so your brain has to respond that way 😅 ...jk
@@darrenlord2468 haha