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Forum » How does Vegas set the spreads/totals for games and be correct most of the time?
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Thread: How does Vegas set the spreads/totals for games and be correct most of the time?

post 1698396663 02-26-2024, 06:50 PM
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How does Vegas set the spreads/totals for games and be correct most of the time?

Obviously you don’t have a bunch of guys sitting together at a table doing this. Algorithms?
post 1698400293 02-26-2024, 08:52 PM
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  1. crupiea
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They have to use some sort of software for this as they are right so much of the time it seems impossible for just some guy in the backroom doing it.

I wonder what program they use. Has to be some industry wide thing.
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post 1698402403 02-26-2024, 10:03 PM
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Originally Posted By crupiea⏩
They have to use some sort of software for this as they are right so much of the time it seems impossible for just some guy in the backroom doing it.

I wonder what program they use. Has to be some industry wide thing.
Dont they run a sim program with the latest data thousands of times?
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post 1698402453 02-26-2024, 10:05 PM
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Originally Posted By BullittEV⏩
Dont they run a sim program with the latest data thousands of times?
Seems right
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post 1698403513 02-26-2024, 10:41 PM
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Most table games they barely break even.

Slots are fixed payouts that favor the house by a big margin and are where casinos make 60% or more of their profits. But dumb people keep those one armed bandits in business. Basically an extra tax on dumb people.
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