Quote:
Originally Posted by Parallex
"Vegas" doesn't have them as a "cup favorite" now. That's not how sports betting odds work.
I'll explain it to you... Say Vegas was going to take bets on the result of a coin flip, a bunch of devoted fans of "heads" bet on heads at even money... Vegas would then adjust the odds on "tails" to pay out more then a bet on heads would until the bets on tails covered the bets on heads.
The actual probability of heads or tails winning never changed. Vegas makes it's sports book money off the Vig.
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In fairness I think we're splitting hairs here. 'Vegas' doesn't say anything, the odds just mean that a lot of people are betting on Edmonton. Whether they are informed bettors or not is a question. But it's common in every sport that people equate vegas odds with probability - an incorrect interpretation but not ridicule-worthy