Saturday, September 8, 2012

UNC-Wake and Betting Lines

North Carolina's last permanent coach, Butch Davis, was fired after months of NCAA investigations for improper benefits and suspicions of shady academics that somehow involved tutors and lying.  When Davis was fired he said, "I can honestly say I leave with the full confidence that I have done nothing wrong."  UNC is on the road against Wake Forest.  The line opened at UNC -6, and has moved to -10.5, which means enough money has come on UNC to move the line.  Betting lines are set by sportsbook and the goal of setting a line is to split the bettors 50/50.  The goal is not to try and figure out what the final score will be, a common misconception, because how is anyone possibly going to figure that out.  The goal is to split the money coming in on bets and the sportsbooks will be assured of a profit by collecting 10% vigorish, or vig, or juice.  For example, we're betting 880 to win 800 on Wake, if we win we get only 800 and if we lose we lose 880, either way, 10% is forfeited.  The line move on UNC is great because we like Wake, and we love going against the public.

Index
Wake +10.5 880
    
Result
Wake - Win

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