Teh Falloutshelter's NFL Game of the Week - Week 3 (Kansas City @ Green Bay) (SETTLED)

[Teh One Who Knocks]

[Teh One Who Knocks]

This is the first game this season using point spreads, so pay attention when you make your pick, your pick will now need to cover the spread for your bet to pay off.

[DemonGeminiX]

Ok, I'm gonna say the Packers win but it's gonna be close. It probably won't but what the hey!

[PorkChopSandwiches]

[KevinD]

Yeah, I'll bet right after yall explain points spreads. Lol

[DemonGeminiX]

It's not enough for the Packers to win for you to win on your bet if you place your bet on the Packers. The Packers have to win by at least a 7-point margin for you to win on your bet.

[deebakes]

i don't think that is right, the odds make up for the point spread

[DemonGeminiX]

My explanation? This is how I'm looking at it:

Take the final score, subtract 7 points from the Packer's score and if the Packers are still on top, then whoever bet on the Packers wins.

That's effectively what's going on.

[RBP]

My explanation? This is how I'm looking at it:

Take the final score, subtract 7 points from the Packer's score and if the Packers are still on top, then whoever bet on the Packers wins.

That's effectively what's going on.

If that's the case then there is no need for Lance to manipulate the odds. Just use a spread-adjusted manual result.

[Teh One Who Knocks]

i don't think that is right, the odds make up for the point spread

If that's the case then there is no need for Lance to manipulate the odds. Just use a spread-adjusted manual result.

There have to be odds, the whole vBookie plugin is based on odds. What, should every wager be odds of 1 to 1 just because we're using point spreads? How would that be right? The payout can't be the same for picking an underdog as it is for picking a favorite. And you should be rewarded more heavily depending on how much of an underdog you wager on, just as you should be 'penalized' more (less favorable odds) when you bet on a favorite, especially the heavier the favorite is. Should the payout be the same for picking a 2 point underdog that covers the spread as it is for picking a 24 point underdog that covers the spread? Of course not, that's why there are odds, even when using a point spread in a gambling system such as vBookie. And casinos use the same odds when you wager at a sportsbook using point spreads, that's why there's different payouts depending on how big a favorite or underdog the team that won was, the only difference is the sportsbooks don't publish the actual odds that they are using to determine the payout, but they are using the same formula I found to convert the point spread gap to actual fractional odds, I guarantee it. The odds determine the payout amount, the point spread determines the winner.

[Teh One Who Knocks]

My explanation? This is how I'm looking at it:

Take the final score, subtract 7 points from the Packer's score and if the Packers are still on top, then whoever bet on the Packers wins.

That's effectively what's going on.

Exactly, or you can look at it this way: basically when using point spreads, instead of the score at the beginning of the game being 0-0, the starting score for gambling purposes in this game above would be as follows:

Kansas City 0
Green Bay -7

or

Kansas City 7
Green Bay 0

(however you choose to look at it)

So because Green Bay is a 7 point favorite, they're spotting Kansas City 7 points before the game even starts. So, for this game, if you are betting on Green Bay, they have to win by 8 points or more for your wager to pay off. If they win by only 7 it becomes a push and there is no winner. If they win, but it's by less than 7 points, then they are actually the 'losing' team in the above wager and the payout goes to the people that picked Kansas City.

[RBP]

I don't mind odds, you're right. I guess I am just confused on whether the point spread will still be applied to determine the winner of if you have increased the odds to more heavily reward an upset with no spread.

[RBP]

Oh you already answered. lol

[Teh One Who Knocks]

Still not sure who I'm going to pick yet, tough with the 7 point spread

[PorkChopSandwiches]

There have to be odds, the whole vBookie plugin is based on odds. What, should every wager be odds of 1 to 1 just because we're using point spreads? How would that be right? The payout can't be the same for picking an underdog as it is for picking a favorite. And you should be rewarded more heavily depending on how much of an underdog you wager on, just as you should be 'penalized' more (less favorable odds) when you bet on a favorite, especially the heavier the favorite is. Should the payout be the same for picking a 2 point underdog that covers the spread as it is for picking a 24 point underdog that covers the spread? Of course not, that's why there are odds, even when using a point spread in a gambling system such as vBookie. And casinos use the same odds when you wager at a sportsbook using point spreads, that's why there's different payouts depending on how big a favorite or underdog the team that won was, the only difference is the sportsbooks don't publish the actual odds that they are using to determine the payout, but they are using the same formula I found to convert the point spread gap to actual fractional odds, I guarantee it. The odds determine the payout amount, the point spread determines the winner.

What? No. You either play odds or spread. If you play spread the payout is what you bet even money. Otherwise you play the odds and get paid accordingly