MY BUDDY HAS THE RAYS FROM THE START

captmorgan34

Registered User
Forum Member
Jun 1, 2007
645
13
0
Last year we were up on the bowl games on we were looking at the odds on the teams to win the world series. I told him for the last 12 to 15 years I had put a $100 dollars on the cubs to win it all. He said his team was the rays. Since I moved down here five years ago I took to the rays because I now live in tampa and needed a american league team.

So he puts $200 on the rays to win the al east and the series. He got odds of 360 to 1. He stands to make $72,000.

What do you guys think he should do. Lock in some money and bet the Phills or just let it all ride to the end? Tell me what you think.

gla :shrug:
 

BleedDodgerBlue

Admin
Forum Member
Feb 12, 2004
7,383
82
0
49
los angeles
I think he got a bad line and won't be paid. I never saw more than 150 anywhere.

He should also put 100k more on the rays so he can win more.


gl
 

captmorgan34

Registered User
Forum Member
Jun 1, 2007
645
13
0
He said he got 200 to 1 to win the world series. When he added the al east title to it and got 360 to 1. I will find out what website it was. I was there when we were talking about it and I thought he had made the bet. I hope he is not full of sh-t because he has told alot of people.:scared . I think he would look like an idiot. I supposed to get something out of it because he said I was there, so we shall see. director:
 

Terryray

Say Parlay
Forum Member
Dec 6, 2001
9,626
1,646
113
Kansas City area for who knows how long....
Tampa Bay futures put bookies at risk

(October 14, 2008 7:10 AM)


by Kevin Stott of GamingToday

Don?t think that the sports books don?t feel some of the same exact pains that sports gamblers do ? at a much larger level.

Faced with a large number of futures bets on the Tampa Bay Rays to win the World Series, sports books from Henderson to Summerlin are now finding themselves pulling heavily against the upstart Rays.

Making its first-ever postseason appearance in the ALDS last week, TB defeated the White Sox to move on to the ALCS where they are now playing the World Champion Boston Red Sox in the best-of-7 series.

One of the major players in Las Vegas, Boyd Gaming, which operates Sam?s Town, Suncoast, Gold Coast, The Orleans, California, Fremont and Main Street Station, is one major operator with a sizable amount of liability according to Race and Sports Book Manager Bob Scucci.

"We took a lot of early money back in January on the Rays at 300-1 so obviously it doesn?t take a whole lot of money to get the liability up at 300-1 ? every $1,000 bet is $300,000 (liability)," Scucci revealed.

And to hedge into this massive possibility, which every day seems like it could be more of a reality, Scucci and his staff decided to post a prop bet halfway through the MLB season to entice some anti-Tampa Bay money.

"It was midway through the season and it was right after they won two of three against Boston and we said ?This team looks like they are for real,? so we did try and hedge a little off on that exposure so we hung a prop ?Will they (Rays) or won?t they win the World Series?? Scucci said.

"And we made the ?No? at -700 and the ?Yes? at 5-1 so we took quite a bit of money on the ?No? that they won?t win it which allowed us to hedge our position a little bit ? enough to make it palatable," Scucci said laughing.

The main sports man at Boyd said he also adjusted his ALDS, ALCS and individual Rays games prices a bit to hedge the possible scenario that Tampa could win the World Series.

"I wanted to be in a position where I could let someone lay $7,000 to win $1,000 or $70,000 to win $10,000 to get some of that hedge money back," he admitted.

Despite the fact he?s generated some "anti-Rays" money to try and prevent a big imbalance in his books, Scucci, and probably most sports book directors in town, are pulling against The Little Engine That Could of MLB.

A similar "situation" occurred back in 1991 when the Minnesota Twins ? who finished in last place in 1990 ? had their World Series odds set at 100-1 while the Atlanta Braves were set even higher at 250-1. Both teams were bet heavily by the public and both made the World Series.

Sports books in Las Vegas faced a heavy liability then with a $10 bet on Atlanta possibly yielding $2,500 while a $10 bet on Minnesota would have had a possible payback of $1,000. Although it was ugly for the books, they escaped a major disaster as the Twins won it all, thus avoiding a massive Braves payout. The following year, no MLB futures odds were set higher than 100-1.
 

c20916

Slacker
Forum Member
Aug 19, 2000
3,677
6
0
49
St. Charles, IL
The article contridicts itself, it says they took early money on the rays at 300-1 and then the last sentence says since '91 no one has been higher than 100-1.
 

Packers4Life

Registered User
Forum Member
Feb 15, 2008
2,653
13
0
New Jersey
I think it just meant in 92'. Well I dont think its BS cause my friend is on his way to vegas tday to collect on 75-1 future with the Rays to just make it to series.
 

Terryray

Say Parlay
Forum Member
Dec 6, 2001
9,626
1,646
113
Kansas City area for who knows how long....
I think it just meant in 92'.

yes, the above article sez "the following year" no future odds for MLB set higher than 100-1. Not succeeding years.

And Scucci is directly quoted that he had it 300-1 in "early January", and does the math so there is no confusion.

The article below mentions 200-1 odds, so that must not have been "early January" at Boyd Gaming properties, but probably later in the preseason there or somewhere else.

future prices vary quite a bit from property to property, and at different times of the preseason, of course.

But the fun part is just reading about how bookies are adjusting lines all season, and even today, in attempts to balance their books.

.......

Vegas odds favor Rays to win Series over Phillies

By Oskar Garcia, Associated Press Writer

1 hour, 41 minutes ago

LAS VEGAS (AP)?Las Vegas sports books favor the Tampa Bay Rays to win the World Series over the Philadelphia Phillies and would owe huge payouts if the American League champions prevail.

Oddsmakers say enough bettors took the Rays early in the year at long-shot prices to force books to adjust lines to encourage bets on the Phillies.

Sean Van Patten at Las Vegas Sports Consultants says the Rays are favored at minus-$1.35, meaning a gambler would need to bet $1.35 to be paid $1 if Tampa Bay wins.

Van Patten puts the Phillies at plus-$1.15, meaning a $1 bet would earn $1.15 if Philadelphia wins.

?What we?re also trying to protect here is even more Tampa Bay money coming in,? Van Patten said. ?What we?re trying to do is maybe get a little buyback on the Phillies.?

Las Vegas Hilton race and sports book director Jay Kornegay says before the start of the season the Rays were a 200-1 shot for the title.

?It?s a significant number for a futures book, but it?s nothing that?s going to shut down the book or anything,? Kornegay told The Associated Press. ?It might dim the lights.?

Kornegay would not specify how much the Hilton sports book stood to lose if the Phillies win, but said other sports books offered even longer odds on the Rays winning a championship.

The Rays were slightly pricier at the Hilton at minus-$1.40, with the Phillies at plus-$1.20, Kornegay said.

The situation sports books are facing with the Rays is similar to 1991, when sports books lost millions of dollars on futures bets because of the Atlanta Braves and Minnesota Twins, Kornegay said. Both teams rebounded from last-place showings the year before to reach the World Series. Minnesota won the series in seven games.

?We have learned our lesson that we don?t open these teams at 500-1 until the season starts and we realize what they have and what kind of team they have,? Kornegay said. ?This year, I?m going to guess it?s probably in the millions range if you accumulate all the liability across the state.?

The Rays were heavy underdogs in the American League East mainly because of high expectations for the Boston Red Sox, which swept the Colorado Rockies in the 2007 World Series, and the New York Yankees.
 

smurphy

cartographer
Forum Member
Jul 31, 2004
19,910
135
63
16
L.A.
Nobody in Vegas allows those kinds of odds. Online books do though, right? I know Pinnacle will allow futures to get that high.
 

dougluck

Registered
Forum Member
Jun 25, 2008
77
0
0
Last year we were up on the bowl games on we were looking at the odds on the teams to win the world series. I told him for the last 12 to 15 years I had put a $100 dollars on the cubs to win it all. He said his team was the rays. Since I moved down here five years ago I took to the rays because I now live in tampa and needed a american league team.

So he puts $200 on the rays to win the al east and the series. He got odds of 360 to 1. He stands to make $72,000.

What do you guys think he should do. Lock in some money and bet the Phills or just let it all ride to the end? Tell me what you think.

gla :shrug:


DUDE He stands to make 7200 NOT 72,000......:confused:

Unless he laid 2k on them.
 
Bet on MyBookie
Top