tag:blogger.com,1999:blog-4528393111359731672.post6576124944121496246..comments2024-03-24T00:19:53.054+00:00Comments on Green All Over: Betting: For Entertainment Purposes OnlyCassinihttp://www.blogger.com/profile/05879449876804295094noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-4528393111359731672.post-17747825362035410142011-01-09T12:56:40.224+00:002011-01-09T12:56:40.224+00:00Discussing "value" as related to the pro...Discussing "value" as related to the probability of the result of a sporting event shows a fundamentally flawed understanding of what the odds on offer means. I quote "Odds makers will tell you their job is not to predict an event's outcome but, rather divide the public as to who it thinks will win. "When the oddsmakers have set a point spread properly," said Howard Martin, a noted expert on how odds are calculated, "there will be an equal number of people betting each side of the line." "<br /><br />Although that comment refers to US sports spreads, it's equally true of all odds.Richhttps://www.blogger.com/profile/00007408803139720985noreply@blogger.com