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Old 01-09-2007, 11:03 PM
MCS MCS is offline
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Join Date: Sep 2002
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Default Re: Wisconson v. Ohio St. college BBall

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Think of it like this: Why is the book allowing you to buy points? The natural answer is that is profitable for them. This means it is UNprofitable for the buyer.

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If this was always true you'd never place a bet.

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No, this is flawed, because Lori was talking about buying points without some significant reason. From a purely $EV perspective, most bets are bad ones, and this applies to the "regular" bets as well as buying points.

The book thinks they are making money with the bets they offer, and you generally need a good reason to disagree. I almost never buy points, partially because I assume that it is very easy for the book to price them.
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