You don’t need to bet $100 on everything of course — that’s just how the odds are displayed — and these moneyline odds scale to any bet amounts. If you think the Chicago Bulls are undervalued and have a much higher chance of winning, then betting on them makes sense. Based on our evaluation of thousands of data points, we found FOX Bet offers the best odds on spread bets. It’s important to remember that even though moneylines are expressed in units of $100, you do not have to bet that much money. The moneyline will work just as easily with a $5 or $10 wager as it does with $100. For example, a -220 money line means you need to bet $220 in order to win $100 provided the team you bet on actually does win.
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When Martin made his way through town making bets, those lines would quickly coalesce around whatever he was betting, because his opinion was often more respected by the bookmakers than their own. In 1967, Harry Gordon at the Churchill Downs Race and Sports Book had had enough. He asked Martin to come work for him to manage the book and make his lines. Spanky graduated with a degree in computer science and went to work at Deutsche Bank right out of college.
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In an example such as this, consider the potential of the player who will replace him. He may not have such a high profile, but he may be more than an adequate replacement. The good news however, is that bookmakers do not get it right all of the time. There are always two or three teams that nobody sees coming, teams that are consistently underrated for much of the season.
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When we break this down a little further we see that the Lakers have had a very poor record when highly favoured at home. When playing at home over the last 10 seasons and favourites of -10 or greater, the Lakers have a strike rate against the spread of just 37%. A fairly remarkable number.We see similar stats when we look at another popular team, the Boston Celtics. When home favourites of more than -10 over the last 10 seasons, the Celtics have a strike rate of 45%. The lesson here is that there are teams the average punter will automatically assume are good.
But Spanky’s presence at the conference did seem to make an impact. A CEO and a number of executives from companies who had banned Spanky approached him and told him they’d like to talk to him about how they could work something out. And other gamblers were patting him on the back and thanking him for taking a stand against the greedy corporations.