- Joined
- Jul 13, 2019
- Messages
- 4,548
- Reaction score
- 1,261
You're probably more savvy on how the bookies work than myself. I will say usually when I see people on here saying "juiced" they are implying the risk/required stake of the bet has exceeded the potential value of the payout. Like @LEMONZEST said though "value" and "juice" can be subjective. I will say it is riskier playing heavy favorites though. You'd have to win on 3 -300 favorites just to make up for one lose of the same stake at the same odds.I used to think that, odds are just a reflection of a weighted outcome, but I actually believe it’s that casinos want to just get money flowing each way across a line to cover themselves
If it was -110 to -110 and for simplicity purposes they get $100 on each, they pay out $91 to the winner and keep the $100 from the loser. They made 9 bucks and had no risk on the fight (assuming money came in even)
Now a fight where one guy has a larger chance to win they still want to cover. In this case -225 with $200 on him pays out $88 and +185 where $100 pays out $185 so they’re again covered. (Pay 88 keep underdog 100 or pay 185 but keep favorite 200). So the lines are about getting that sweet spot amount of money on either side. If Porier was -300 more money would be in on Hooker and the casinos would be vulnerable if Hooker managed to win. Likewise if it was only -150 on Porier and a lot of money came in on Porier.
It’s not strictly about the odds to win the fight, but the casinos playing the public to bet in a way that keeps them covered by what apparently is called the “juice” as that increases the middle profit of either result I showed and widens their cover range.
