tag:blogger.com,1999:blog-4384322564385941344.post2278209854708476850..comments2013-01-03T21:38:56.094-05:00Comments on Insights in Economics and Sports: Reading a Book about Day TradingDanielhttp://www.blogger.com/profile/12341647885923887384noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-4384322564385941344.post-59697206632690743872009-04-19T12:09:00.000-04:002009-04-19T12:09:00.000-04:00You're exactly right Ben! And thats the point: th...You're exactly right Ben! And thats the point: that teams that keep covering the spread (or exceeding expectations) will start getting ridiculously high spreads because people will keep betting on them to cover the spread.Danielhttps://www.blogger.com/profile/12341647885923887384noreply@blogger.comtag:blogger.com,1999:blog-4384322564385941344.post-7325584087510207282009-04-13T11:48:00.000-04:002009-04-13T11:48:00.000-04:00I'll preface this by saying that I have never bet ...I'll preface this by saying that I have never bet on sports, and so bow to your expertise. However...<BR/><BR/>You say that the spread "relates to expectations." This is true. However it might be important to point out that these are the expectations of sports bettors, not necessarily sports experts. Bookies/booking services have an interest in setting provocative spreads that may or may not reflect reality in order to generate betting interest.<BR/><BR/>As good teams ride a winning/hot streak, don't the bookies have an interest in setting an increasingly impossible-to-beat spread in order to take advantage of all of the idiots who will always bet on the team that's winning?Anonymoushttps://www.blogger.com/profile/06728721130436034263noreply@blogger.com