Wednesday, June 3, 2009
The Joy of Gambling
Sportsbook.com puts the price on the Lakers' winning the NBA Finals against the Orlando at -260, meaning that 260 dollars need to be put at risk to win 100. The break-even point for this bet is 61.5 per cent, so Sportsbook's customers collectively see LA as having a 60 or so per cent chance of winning. That seems a tick high to me -- the Magic are playing beautifully right now, but so is Los Angeles, which after an inconsistent start to these playoffs simply dismantled a good Denver team in the last two games of the West final. The Lakers at their best are unbeatable by any team in the NBA.