Posted:
#26
Quote Originally Posted by gambler1976:
If public is right most of the times like you said, Vegas would have gone bankrupt long time back.
sorry, I briefly forgot it was my job to educate rookies on the nuances of gambling. Vegas was not built on sports betting! Lmfao. If public is right most of the times like you said, Vegas would have gone bankrupt long time back.
In fact sports betting is one of the smallest money makers Vegas has. Besides the poker room it's probably their worst. What it does however, is brings people into the casino where they stay, eat and can lose real money playing house heavy games!
Sportsbooks make the juice on even betting, and generally probably have a 5% max take on actual bet winnings....or losing however you want to look at it. Public bettors are on the right side well over 40% of the time
