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Old 01-07-2007, 08:36 PM   #1 (permalink)
imgv94
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Default If you believe the Bears are definitely going to win

then you might as make yourself some "FREE MONEY"

Bet the Bears to win the NFC Championship game +105

then next week

Bet whoever they play in the NFC Championship game, whoever they play will likely be +130 or higher..

This is only if you are positive the Bears beat the Hawks.. No lose situation..
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Old 01-07-2007, 08:57 PM   #2 (permalink)
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First person to point out why this is bad advice gets kudos. For extra Kudos, what's better?
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Old 01-07-2007, 09:01 PM   #3 (permalink)
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Quote:
Originally Posted by Santo
First person to point out why this is bad advice gets kudos. For extra Kudos, what's better?
Pretty mouthy for a Sportpunter lemming.
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Old 01-07-2007, 09:02 PM   #4 (permalink)
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If you are positively sure the bears will beat the hawks.. put 100k on the bears ML instead
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Old 01-07-2007, 09:05 PM   #5 (permalink)
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I like CHI...but I am not betting these days.
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Old 01-07-2007, 09:13 PM   #6 (permalink)
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Quote:
Originally Posted by Santo
First person to point out why this is bad advice gets kudos. For extra Kudos, what's better?
Why don't you explain? Cause you can't..

Bears are -386 to win the game and almost 10 points buddy..

Can't wait for this explanation..
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Old 01-07-2007, 09:24 PM   #7 (permalink)
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By taking the Bears at +140 (decimal 2.0500) to win the AFC Championship, a bettor is effectively parlaying the Bears over the Seahawks (current Pinnacle ML of -378, or decimal 1.2646) and the Bears over whomever their opponent might in the NFC Championship.

This means that by purchasing this future one is effectively betting the Bears in the finals at a line of about -161 (2.05/1.2646 = 1.6211, US odds of -161).

So putting it all together imgv's bet certainly makes sense for a player who believes both:
  1. -220 is not an overly disadvantageous line for Chicago over Seattle
  2. assuming Chicago wins against Seattle, he won't be able to get better odds on the Bears than -161
Notice that the decision to make this bet does not hinge on the player believing that Chicago is a near-lock to win over Seattle. If a player did in fact believe this and had no view on the Championship game, he would almost certainly be better off solely betting the Chicago/Seattle ML so that he would avoid paying extra juice AND limit his overall risk. All that's important in making this decision is the belief that -161 would be a good line on Chicago in the Championship (were they to make it that far) and that the current -378 line is not overly unfair.
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Old 01-07-2007, 09:32 PM   #8 (permalink)
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Option A) A $100 bet on the Bears +105 and the Saints +130 would return either a profit of $5 or $30.

Three potential outcomes:
Win $5
Win $30
Lose $100

Option B) A $100 bet on the Bears ML -386 would return $25.91.

Two potential outcomes:
Win $25.91
Lose $100


Option A makes no sense.
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Old 01-07-2007, 09:41 PM   #9 (permalink)
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Are you positive the Saints would be +130? Believe it's quite possible the Saints may end up +150 or higher probably find something really nice at Matchbook if someone has an account there..


Saints/Eagles might even be as high as +170 if they play the Bears on the road.. So possible chance of making alot more than $25.91 my just betting them straight..

O.K Next!!

Last edited by imgv94 : 01-07-2007 at 09:44 PM.
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Old 01-07-2007, 09:50 PM   #10 (permalink)
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Quote:
Originally Posted by imgv94
Why don't you explain? Cause you can't..

Bears are -386 to win the game and almost 10 points buddy..

Can't wait for this explanation..
Because it was more interesting to throw it out to get opinions, and because I was working through a backlog of tennis bets.

Razz's answer is what i was expecting. Ganchrow gives a good explanation also. In essence, you shouldn't bet what you say if you think the Bears are going to win, you need other information too.
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Old 01-07-2007, 09:52 PM   #11 (permalink)
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Quote:
Originally Posted by imgv94
Are you positive the Saints would be +130? Believe it's quite possible the Saints may end up +150 or higher probably find something really nice at Matchbook if someone has an account there..


Saints/Eagles might even be as high as +170 if they play the Bears on the road.. So possible chance of making alot more than $25.91 my just betting them straight..

O.K Next!!
I don't even think it would be +130 honestly. I would love to get the Saints at anything even close to +130.
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Old 01-07-2007, 09:54 PM   #12 (permalink)
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Razz I'm very dissapointed in you.. Thought we were buds..
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Old 01-07-2007, 09:57 PM   #13 (permalink)
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Quote:
Originally Posted by Razz
I don't even think it would be +130 honestly. I would love to get the Saints at anything even close to +130.
Even at Soldier Field? Let's not forget it could be the Eagles as well. +180 possibly with them..

Bears will be at least -3 no matter who they play..

Hey Razz are you betting SEMO +9.5 tomorrow?
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Old 01-07-2007, 09:58 PM   #14 (permalink)
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Quote:
Originally Posted by imgv94
Razz I'm very dissapointed in you.. Thought we were buds..
Well, I mean, I'm not saying it's a dumb idea in principle - because of the possibility of the Eagles winning, it could work in your favor - I just think there are many things better to play than this. If it was "free money", it wouldn't be offered.
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Old 01-07-2007, 10:06 PM   #15 (permalink)
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Quote:
Originally Posted by Razz
I don't even think it would be +130 honestly. I would love to get the Saints at anything even close to +130.
You can. Right now. So if you really believe this to be true then you have a great bet of your own.

Bet the Eagles over the Saints for ½ a unit at +200, and bet the Saints to win the NFC for 1 unit at +247.

In this manner, an Eagles win over the Saints would result in a net return of zero (effectively No Action), while if the Saints win over the Eagles then you'd be risking 1.5 units to win 1.97 (2.47 units won on Saints - 0.5 units lost on Eagles), implying a NO line of ~ +131.3.

In fact this is actually even better than it first might appear in that you'd getting the +131.3 on the Saints regardless of their opponent in the NFC Championship (even were it Seattle -- against whom the Saints would ostensibly be a favorite).

So in other words you can get better than +130 on the Saints right now to beat their opponent in NFC Championship game. (Assuming they make it that far -- if they don't make it that far, your bet would effectively be refunded.)
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Old 01-07-2007, 10:13 PM   #16 (permalink)
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No such thing as Free Money.. Just saying this for people who believe the Bears are definitely going to win..

Considering the line moving up 2pts 60secs after the line came out means obvioiusly a lot of people do..
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