Why did the spread go from 24 to 21??

Second game of the season last year, Nebraska looked pretty bad for 3 quarters against San Jose State. It's not too impossible that it couldn't happen again tomorrow.

 
arkstfan said:
The published stats apparently indicate the money is going heavy Nebraska. The theory at The Den is that the book makers dropped the line get even more money on Nebraska in the belief that ASU will cover and they will only have to pay out on the 10% to 20% that bet ASU and make a windfall.
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That's not a very good theory, and bookies would go bankrupt if they operated like that. The line is set so that the money being bet is as close to 50-50 as possible. Bookies don't make their money off one team or another, they make their money on the "juice". Typically, bookies charge 5-10% they take off the top of a winning bet. Using Bodog as an example: a couple days ago the line was Nebraska -23.5(-110) Arkansas State +23.5(-110). So in other words, you had to bet $110 to win $100 if your bet came through. If the money is exactly even, they will make exactly 1/11 of the total money bet. That's why bookies ALWAYS win.

 
The spread opened at 23.5 and got bet up to 24, which means people were beating that Nebraska would win by 24 or more and cover the spread. Now that the spread has dropped down to 21 it means that people started betting that Arkansas St would keep the game within 24 when the spread was at 24. The line moves up when more money is bet on the favorite and moves down when people bet the Dog. Pretty simple, bet the fav and the line increases, bet the dog and the line decreases

 
I've said this before and I'll say it again. What kind of degenerate bets on college football, let alone non-con college football let alone a spread that is more than 6.5 points?

 
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808Husker in KCMO said:
I've said this before and I'll say it again. What kind of degenerate bets on college football, let alone non-con college football let alone a spread that is more than 6.5 points?
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I do not bet anymore since my bookie died and I just outgrew my degenerate phase! :rollin :rollin :lol:

 
bowersbd said:
The spread opened at 23.5 and got bet up to 24, which means people were beating that Nebraska would win by 24 or more and cover the spread. Now that the spread has dropped down to 21 it means that people started betting that Arkansas St would keep the game within 24 when the spread was at 24. The line moves up when more money is bet on the favorite and moves down when people bet the Dog. Pretty simple, bet the fav and the line increases, bet the dog and the line decreases
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REALLY!!! NEVER KNEW THAT!!! :dumdum

All I know is the published stats show eighty something percent putting their money on Nebraska. The line move is counter-intuitive to those numbers.

 
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