Bookmaker makes Blue Jays the World Series favorite
By C. Trent Rosecrans | Blogger
December 19, 2012 1:07 pm ET
Does R.A. Dickey make the Blue Jays the World Series favorites? (US Presswire)
Have the Blue Jays' moves, including adding reigning National League Cy Young winner R.A. Dickey, help Toronto win the World Series? According to some folks in Las Vegas, Toronto is now the favorite to win the World Series. Bovada.lv has released its latest odds for 2013, with the Blue Jays leading the way with 15-2 odds. The Blue Jays were 12-1 at Bovada.lv before acquiring Dickey.
Now, let's remember, the goal of the oddsmakers isn't to get it right -- it's to get money on both sides. So the Blue Jays having the best odds isn't because the people in Las Vegas think the Blue Jays will win, they think enough people will think the Blue Jays will win and enough people will think they won't, to even out on both sides. But that doesn't mean these things aren't fun.
Here's the latest MLB odds from Bovada.lv:
Toronto Blue Jays 15-2Los Angeles Angels 17-2Los Angeles Dodgers 17-2Washington Nationals 9-1Detroit Tigers 10-1Cincinnati Reds 12-1Texas Rangers 12-1New York Yankees 14-1Atlanta Braves 16-1Philadelphia Phillies 16-1San Francisco Giants 16-1Tampa Bay Rays 22-1Boston Red Sox 25-1St. Louis Cardinals 25-1Oakland Athletics 30-1Milwaukee Brewers 35-1Baltimore Orioles 40-1Chicago White Sox 40-1Arizona Diamondbacks 45-1Kansas City Royals 50-1Pittsburgh Pirates 50-1Cleveland Indians 75-1Minnesota Twins 75-1New York Mets 75-1Seattle Mariners 75-1Chicago Cubs 100-1Colorado Rockies 100-1Miami Marlins 100-1San Diego Padres 100-1Houston Astros 200-1
--> That description is more accurate for 'side' bets where there are two choices. Not so much for future bets. With futures the majority of action is going to come on people betting their 'favorite' team so the more popular teams are going to have a lower payoff because they naturally will get bet up. While teams like the Jays will have have a 'higher' payoff to draw action from the actual handicappers.
Of course these are Vegas odds intended to sort of even out the amounts bet on each team. Since there's a lot more NY money floating around than Rockies money, the odds on teams like them must be higher. It has less to do with how good the teams actually are, than how much money their fans have, and are willing to bet.
How sad is it that the pathetic Pirates are 50-1 while we're 75-1? Not much Pirate money either, I'd think.