Heard a story recently on Mike & Mike about a guy who bet last year that Auburn would win the National Championship. He put a hundred down on a ticket that paid wildly, like 300 to 1. So when they went to the National Championship game, he was facing a potential $30k payoff. Somehow (can’t remember the details), he had the option of selling the ticket for $10,000, but he refused.
Then they lost the game. And his ticket became worthless.
^Actually, he was an alumni and a huge fan. He thought that by selling the ticket he would be “selling out”. It was more of an emotional decision and not an economic one.
What was the final line on the SB this year? Last I heard, it was Pats by 3 and north of 70% was on the Pats, meaning the books got killed (not considering what they made on all the prop bets).
Of course there is an element of randomness – but there is also a level of predictability too.
I’ve managed to get pretty sharp at forecasting NBA player performance on individual games (at least good enough to grind out a profit on NBA player sportsbook props).
People who make good money on sports don’t bet several games a week like most losers do. They put big money on a few games a year. There are few opportunities every year and it must be jumped on because you don’t know when the next good one will come. People who bet 3-4 games a week are amateurs. The winners put dough on 3-4 games every season.
I agree that it was a brutal decision by Belichick not to call a timeout and he was extremely lucky it didn’t come back to bite him. Just goes to show the fine line in sports. If Seattle scores, we are talking about Belichick losing 3 straight Super Bowls and not using his time outs instead of debating whether he is the greatest coach ever.
But if he uses the timeout Seattle definitely runs the ball and most likely scores. The choice (debatable as to the logic) to not call a timeout forced Pete Carroll into making a quick decision in which he made an all time awful call.