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Sports books lost big money on Tiger Woods winning

https://www.actionnetwork.com/golf/tiger-woods-masters-win-s...
Krampusnacht
  04/15/19
stupid question but how do sports books lose money on bets? ...
community_account
  04/15/19
they can move the line on a popular bet but at the end of th...
Krampusnacht
  04/15/19
i wonder if they are insured for this
community_account
  04/15/19
hint: proles betting irrationally benefits them over the set...
deus vult
  04/15/19


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Date: April 15th, 2019 12:10 AM
Author: Krampusnacht

https://www.actionnetwork.com/golf/tiger-woods-masters-win-sportsbook-vegas-new-jersey-lose-big



(http://www.autoadmit.com/thread.php?thread_id=4241842&forum_id=2#38089654)



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Date: April 15th, 2019 12:16 AM
Author: community_account

stupid question but how do sports books lose money on bets? don't they have complete control over the odds to make sure that doesn't happen

(http://www.autoadmit.com/thread.php?thread_id=4241842&forum_id=2#38089671)



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Date: April 15th, 2019 12:17 AM
Author: Krampusnacht

they can move the line on a popular bet but at the end of the day if 30% of the people betting on the Masters want to bet on Tiger Woods, what are they gonna do. not take the action?

(http://www.autoadmit.com/thread.php?thread_id=4241842&forum_id=2#38089675)



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Date: April 15th, 2019 12:21 AM
Author: community_account

i wonder if they are insured for this

(http://www.autoadmit.com/thread.php?thread_id=4241842&forum_id=2#38089683)



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Date: April 15th, 2019 12:27 AM
Author: deus vult (from Contantinople to the stars)

hint: proles betting irrationally benefits them over the set of n as n increases

(http://www.autoadmit.com/thread.php?thread_id=4241842&forum_id=2#38089703)