In documents released by the state, it was revealed that BetMGM intended to offer bets on whether Mayfield and Mahomes would each pass for or more yards in the game. If either quarterback completed just one pass for just one yard, the bet would have been a winner. The pair combined for passing yards. According to state documents, MGM reported the error to the gaming enforcement division and sought permission to void the bets on the basis that the odds were improperly calculated.
The state responded that the bets could not be canceled until after an investigation. That same day, the company decided to let the bets stand and to pay them off; BetMGM confirmed Thursday it had paid the bettors. Enter your bet amount and an unlimited number of bets in any odds format. How are sports betting odds calculated? Sports betting odds are calculated with the main goal for sportsbooks being to receive equal money on both sides of a bet.
And so, the sportsbook will continue to raise the line until the other side starts receiving action from While receiving equal money isn't always possible, it's always the goal because if that's the case, the sportsbook will come out in the positive no matter the final result. That's because of the vig , or the amount the sportsbook charges for taking a bet. To understand how odds are calculated, it's best to learn what they specify. Sports betting odds and lines specify the implied probability of an outcome and how much money can be won.

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