Quote:
Originally Posted by SportsLockPicks
that is not what vegas uses to cap totals...we all wish it worked that way
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That is exactly how they come up with totals while using a ton of other factors, like weather, turf or natural, night vs. day, etc. etc.
That number is thrown out there and they watch it closely early. They keep adjusting it until they get (try to) 50/50 on both sides.
My uncle ran the book at the Las Vegas Hilton back in the late sixties till the late seventies. Back then it was basically the Hilton and the Stardust that set every line in the world.
He told me that if they didn't have a good feel for a starting line or total, they would just post anything, put like a 5 grand cap on it for a few hours, then adjust it to where they felt they would get the 50/50 split. The cap would come off and they were golden.
The big difference today is that vegas doesn't set the lines anymore. More money is bet via the internet, so vegas uses a third party specialist and watches the early lines from several of the big online books to come up with their starting lines.