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The Vegas oddsmakers are smart, and they are experts on football. So, they often make accurate predictions. But it really doesn’t matter to the bookie whether a point spread correctly predicts the outcome of a game.

What are Las Vegas odds?

When statistical types use the word odds they mean the probability that an event will occur divided by the probability that an event will not occur, that is, odds = p/(1-p).

How often are Vegas odds wrong?

Bookmakers’ odds give an estimate of the probability of, say, a horse winning a particular race. And if they were reliable, around 50 per cent of horses with even odds would win their races, around 33 per cent of those with odds of 2-1, and so on, right down to just 1 per cent of ‘long shots’ with odds of 100-1.

### How often are Vegas odds correct college football?

Game Totals from the 2018 NCAAF Season That is 34.7 percent accuracy from the linemakers. Break it down even further and of those 236 games, 110 were within 3 points of the opening line (16.2% accuracy), with the OVER/UNDER finishing at 111-118-7 in those games.

How do you read Vegas odds in college football?

The favorite is listed with a minus sign and a number. That number is the amount of cash that must be bet in order to win \$100. The underdog is posted with a plus sign in front of a number. The number is how much a sports bettor wins on a \$100 wager.