Studies by Paul and Weinbach, Wolfers, and others illustrated that sportsbooks: A. sportsbooks perfectly balance the...
Studies by Paul and Weinbach, Wolfers, and others illustrated that sportsbooks:
| A. |
sportsbooks perfectly balance the book in every game |
|
| B. |
sportsbooks balance the book for wagers on teams, but not on totals bets |
|
| C. |
do not balance the book |
|
| D. |
sportsbooks always take more money on underdogs |
Homework Answers
Answer: Sports book always take more money on under dogs
All the three Paul, Weinbach and Wolfers illustrated that betting percentage varies from team to team and player to player. Sports books always have a strong preference on favourite teams of people but in these they earn very low profits even they win also. If they loose they loose more.
Most of the time these sports books they try to cover their losses by taking chances on under dogs. In most of the cases sports books take more money on under dogs as nobody expects them to win.
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Studies by Paul and Weinbach, Wolfers, and others illustrated
that sportsbooks:
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