Drellberg wrote:The odds that ensure that "Vegas" gets equal action typically end up being an unbiased and reasonably accurate predictor. Were this not the case, then smart money could enter and earn very high returns. So while the former is true, so is the latter.
the masses can certainly sway it from the "true" odds a bit. maybe a few points on a game spread, for example. but the big "smart" money will indeed take the other side of the bet if things get too out of whack. so when the bulls are listed at 8/1 and the raptors/wizards are 20-25/1, you can be sure that the bulls are legit favorites, even if probably not to the extent that the posted odds might suggest