https://i.ibb.co/PMrKKsL/Screenshot-20250118-185946.pngThis is what I was basing it off of, but can you explain how if I was a bettor betting with lake at +410 (using bovada ofc) so that's the standard that anyone will be comparing lines from for the most part considering it's always available and from any side. So you really aren't able to "shop a book", I mean you can if you want to but any sane person would basically refer back to bovada to compare the lines with what's readily available.
So if someone were to take +480 on the Texans (after splitting the difference between consensus value not bovada lines) in what way has this hurt the bettor betting on the dog? Considering their alternative is to bet with lake with +410. Obviously the bettor betting on the favorite is getting increased odds as well via less risk, but I'm just not understanding how that's hurting the underdog bettor.
Also explain what you mean by splitting spread if you wouldn't mind?
Edit: for whatever reason img isn't loading
Edit 2: damn even screenshots on android lookin like ass wtf
Some flaws in the commentary and I don't want to write a novel so I'll try to make it short and sweet.
1. Bovada is not the standard, its Lake's chosen book due to two metrics, vigorish and data availability provided to maddux for grading.
2. We absolutely can "shop books", as evidenced by the existence of this thread which does just that.
3. Splitting the value of a moneyline wager 1:1 does not move "real odds" on the wager. It makes the payouts better for everyone, sure, but the EV% goes to the favorite bettor.
If you have an 80% chance to win and receive a 16% gain in payout value, you've net 12.8% EV in the split.
If you have a 20% chance to win and receive a 17% gain in payout value, you've net 3.4% EV in the split.
The Favorite bettor gains 9.4% EV over you in doing so.
4. In a spread bet, the lines are usually like -105/-115. Both of you are giving up value for your points. Splitting this by nullifying the vigorish gives value to both bettors, without affecting "real odds".
Its literally "my chiefs -8.5 vs. your texans for 100k" and its jsut a direct 100K wager based on the points, no value lost.