Here is what Vegas thinks of us. Opening vs current odds

[mrkajz44]

Odds are set soley by how the betting goes. The goal of the person setting the odds is to "break even" and win the vig (commission on the bets). In this case, breaking even means that if the Flames win the cup, the bookie will have collected the same amount of money from all the other bets (the losing 29 teams) in order to pay out the winners that bet on Calgary. Then the bookie keeps the commission on all the bets made.

Odds have nothing to do with a team's actual chance of winning a game/series/cup/anything. Odds are simply a representation of how people are betting.

Evidently, people are betting somewhat evenly on Calgary and Edmonton at this point in time.

[Resolute 14]

Originally Posted by Dime_On_Flames

Lines mean you are risking $170 to win $100 so you're only risking $170 and NOT $270. On the other hand the Flames are prob somewhere around +140 so risking $100 to win $140.

You actually agreed with me on the first part. You are betting (risking) $170 to win a total of $270.

But I wasn't aware of the other team having a separate line, so thanks for that.

[Dime_On_Flames]

Originally Posted by Resolute 14

Because stupid people continue to bet on them.

They are my main money maker this year! Anytime they play the west I bet against them lol

[the2bears]

Originally Posted by ricardodw

Not at all what Vegas thinks of the Flames... It is what the betting public think.

The Avs at 50-1 ... Are they are as bad as the betting public have them while spending to the cap. Roy will soon be available as a goalie coach.

Iginla seems to be a coach killer.

You see what you want to see.

[lvsteven]

Originally Posted by Dime_On_Flames

Lines mean you are risking $170 to win $100 so you're only risking $170 and NOT $270. On the other hand the Flames are prob somewhere around +140 so risking $100 to win $140.

I think it was around +150

[getbak]

Originally Posted by terminator

How do these bets work: say I bet a against a team with a 100:1 odds of making the playffs with $100?

So I say team x is not going to make the playoffs while their odds of making the playoffs are 100:1 what would my return be?

I don't believe you'd be able to make such a bet. You can bet on one team to win the Cup, but you can't bet against one team winning the Cup (essentially betting in favour of all the other 29 teams).

If you could make such a bet, you'd be risking $100 to win $1.

[lvsteven]

Originally Posted by dino7c

the Oilers have zero chance of making the playoffs

At what point are they mathematically eliminated?

[Resolute 14]

Originally Posted by the2bears

You see what you want to see.

Now you've done it. He's going to pull made up numbers out of his ass to try and refute you.

[Murph]

I'll take some of that St. Louis action...

[gonzo29]

Blackhawks at 3-1 is a terrible number. St. Louis is probably the best bet on there.

[Resolute 14]

Sure, but what are the odds of the Blues crashing in the first round? 1/6?

[Dime_On_Flames]

I like the Pens at 10-1. Easier path towards the cup final then anyone from the west. They would probably be 5-1 if it wasn't for their goaltending lol

[Rerun]

Originally Posted by terminator

How do these bets work: say I bet a against a team with a 100:1 odds of making the playffs with $100?

So I say team x is not going to make the playoffs while their odds of making the playoffs are 100:1 what would my return be?

For every $1 you bet, you will win $100. Your total return therefor would be $101, if you bet $1.

If you bet $100, you would win $10,000 plus you get back your original $100

The Flames are currently at 60/1 so you if you bet $100 would win $6000 plus get back your original $100

[DownhillGoat]

Funny. Guessing a lot more Calgary fans bet online.

Bodog is showing Calgary around 1/30 (IIRC - might have been 1/50) and Edmonton at 1/300

[codynw]

Originally Posted by lvsteven

At what point are they mathematically eliminated?

They probably won't be "mathematically eliminated" until March or something like that.

[Travis Munroe]

Is there anywhere to bet with these odds online? Maybe it is on bodog... I just always see upcoming games.

[darthma]

I wish there was a way of 'thanking' "This Post Is Terrible".

[Dime_On_Flames]

Originally Posted by Realtor 1

Is there anywhere to bet with these odds online? Maybe it is on bodog... I just always see upcoming games.

I'm pretty sure any respectable online book (pinnacle, thegreek, bodog) should have those lines. It's tricky to find them sometimes. Most of the time you just go to NHL section and they'll have a subsection called FUTURES or TO WIN CUP where you can see the odds.

[You Need a Thneed]

Originally Posted by codynw

They probably won't be "mathematically eliminated" until March or something like that.

It's pretty much impossible to be mathematically eliminated before you have played 65-70 games.

[Robbob]

For the record the magic number for the Oilers to be eliminated is 49 games or 98 points. That is based off Minny who is sitting in that last spot. Kind of funny considering it looks like it will be in the 30's by Christmas. Just all kinds of no good there.