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vBookie Event: Game 6 - Spurs @ Heat (NBA Playoffs - Finals)
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vBookie Event
Game 6 - Spurs @ Heat (NBA Playoffs - Finals)

This event is over.

Outcome Odds Total Bets Total Staked
Miami Heat 1/3 F (0.33) 4 587 WIN!
San Antonio Spurs 13/5 (2.60) 17 2758  
Point spread: Miami Heat -7.5 10/11 (0.91) 2 125  
Point spread: San Antonio Spurs +7.5 10/11 (0.91) 0 0 WIN!
Total combined points over 191.5 10/11 (0.91) 4 375 WIN!
Total combined points under 191.5 10/11 (0.91) 1 50  

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Old 06-18-2013, 12:09 PM   #16
IntentionalButt
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Old 06-18-2013, 12:12 PM   #17
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Default Re: 2013 NBA Playoffs: Spurs vs. Heat Round 4 Game 6

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What happened to 10?
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Old 06-18-2013, 12:19 PM   #18
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Default Re: 2013 NBA Playoffs: Spurs vs. Heat Round 4 Game 6

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10/11 is pretty much the standard for both point spreads and over/under props in basketball odds. I don't think it has anything to do with "extra fees" collected by the house (which is nonexistent in vBookie, obviously)

I've never heard of either being set at evens. If the conceit is that on their face all four outcomes are even money but the odds makers drop it to .91 to include a little extra for themselves, it is news to me but not altogether surprising. Regardless, the convention in vBookie is to go by exactly what the stated real-world odds are - without regard to why they are the way they are.
It's actually not that complicated to see why 10/11 gives the bookies extra cash. Say I were to put down $1 for both the over/under. I am guaranteed to win one bet and lost the other. In theory, I should have $1 remaining but in reality, I will only have .91. And that's because I am putting down $1.00 to win .91. The house never loses that way. If the bookies didn't get anything for their services, the odds would be 1/1 for over/unders.
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Old 06-18-2013, 12:42 PM   #19
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Default Re: 2013 NBA Playoffs: Spurs vs. Heat Round 4 Game 6

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It's actually not that complicated to see why 10/11 gives the bookies extra cash. Say I were to put down $1 for both the over/under. I am guaranteed to win one bet and lost the other. In theory, I should have $1 remaining but in reality, I will only have .91. And that's because I am putting down $1.00 to win .91. The house never loses that way. If the bookies didn't get anything for their services, the odds would be 1/1 for over/unders.
Be that as it may, it's no reason to adjust the odds on vBookie from what they are in the real world. Why it's 10/11 doesn't matter. That's what you get at real books, so it's what you get here. It's actually not that complicated to see what a slippery slope that is - if we started pondering what real-world odds might be if they weren't rigged to favor the house. All the boxing odds would be different. **** that. I don't have time for calculating what odds might be in a world in which the built-in vig doesn't exist. I'm just entering the data as-is from the real world sources, and that seems perfectly fair in a simulated betting experience. It would if anything be strange to have the odds be different on here than in the real world. Sure the vBookie system isn't a sentient being and thus stands nothing to "gain" the way bookies seek to profit, but the simulated experience of there being risk for the bettor is (and should be) the same as if this were real-world betting.
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Old 06-18-2013, 01:03 PM   #20
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Old 06-18-2013, 01:05 PM   #21
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Default Re: 2013 NBA Playoffs: Spurs vs. Heat Round 4 Game 6

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Be that as it may, it's no reason to adjust the odds on vBookie from what they are in the real world. Why it's 10/11 doesn't matter. That's what you get at real books, so it's what you get here. It's actually not that complicated to see what a slippery slope that is - if we started pondering what real-world odds might be if they weren't rigged to favor the house. All the boxing odds would be different. **** that. I don't have time for calculating what odds might be in a world in which the built-in vig doesn't exist. I'm just entering the data as-is from the real world sources, and that seems perfectly fair in a simulated betting experience. It would if anything be strange to have the odds be different on here than in the real world. Sure the vBookie system isn't a sentient being and thus stands nothing to "gain" the way bookies seek to profit, but the simulated experience of there being risk for the bettor is (and should be) the same as if this were real-world betting.
I hear ya. I do the vbookie for Check Hook and I like to make the odds a little sweeter for the bettors. I don't see no harm in that. It's all fantasy cash anyways.
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Old 06-18-2013, 01:13 PM   #22
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I hear ya. I do the vbookie for Check Hook and I like to make the odds a little sweeter for the bettors. I don't see no harm in that. It's all fantasy cash anyways.
Fair enough, but heightened challenge is part of the fun. (both IRL and virtually)
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Old 06-18-2013, 04:18 PM   #23
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Fair enough, but heightened challenge is part of the fun. (both IRL and virtually)
Not really. If you bet right, you just get rewarded a little bit more. But if you bet wrong, you still lose what you put down. So the reward is just a little sweeter and nothing more.
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Old 06-22-2013, 02:03 PM   #24
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Old 04-12-2014, 10:27 PM   #25
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Default Re: 2013 NBA Playoffs: Spurs vs. Heat Round 4 Game 6

Load pish American sports
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