Quote:
Originally Posted by InternationalVillager
Oilers are the betting favorites to win the Cup.
https://sportsbook.fanduel.com/navig...ab=stanley-cup
You think betting companies who have invested hundreds of millions/billions across the industry for algorithms to set these lines are stupid? They have some of the most intelligent quants.
There's a reason they are the betting favorites and it's not because "Oilers fans" are betting down the line and there's a reason why they're projected to win 50+ games this season.
Whether they do or not, that's why the game is played. But to come out and say they are a top 10 team at best is just lying to yourselves. They're a top contender and it is what it is. |
You understand that betting odds are a function of how much money is being wagered on the various teams, right? No, clearly you don't.
Betting firms aren't in the business of picking winners (they know they can't do it any better than anyone else can), they are in the business of keeping the bid/ask spread, and a percentage of the action. As long as the amount of money being bet on each side is in proportion to the payout (that is what their 'intelligent quants' are calculating), they keep their margin.