Betting odds have Indiana -550 to make the college football playoff
- Thread starter hoosierfan13
- Start date
Sorry for my ignorance, but what does that mean?
I think he may be asking what does “-550” mean.
P.S. I am, even if he isn’t.
P.S. I am, even if he isn’t.
I know what DraftKings is...I don't not know what -550 means. Sorry for not being specific.
IIRC, -550 means if you want to bet on IND making the playoff, you plunk down $550 to win $100. If you want to bet IND doesn’t make it, you plunk down $100 to win $550.
This tells me 4 B1G and 4 SEC teams will get in. Not 5 SEC.
Texas -2500
Georgia -500
Ole Miss -400
Alabama -400
Tennessee -350
----------------------------
Texas A&M +300
LSU +700
A&M can play their way in with a win over Texas.
That number feels way too low given recent seasons. Unless IU pulls off a miracle year, it's basically just throwing money away. Fun to dream, but not realistic.
Vegas is backing up what they previously predicted with IU's W/L at 8.5 wins. If we go 9-3, which I believe is our floor barring major injuries, we will be on the CFP bubble. I think we will go 10-2 and make the CFP. I've already bet on IU for over 8.5 wins, but I wouldn't touch that CFP bet. It's amazing to think that we went from +10000 to -550 to make the CFP in on season though?!?! 🤯
This thread is our odds as of Nov 10th, 2024 for last year's playoff. Am I missing something?
No—minus means you’re losing (or putting up) money to win back your wager plus $100. Plus means you stand to gain from a $100 bet if you’re right.
Ah. I don't gamble. I was using the logic that if your -5 in a game you're a 5 point favorite.
That’s correct. And you can apply it to money line odds. If you’re -550, you’re a 5 1/2 - 1 favorite, so if you like the favorite you bet more to win less, while if you like the underdog you bet less to win more.
are these the same prognosticators that picked the Hoosiers to finish 17th in the Big Ten last year?
Your second sentence is wrong. They would offer different odds for the opposite bet.
I also seriously doubt that our odds to make it are -550. That would mean they think we have a better than 80% chance of making it. Which is nuts considering we are IU and our QB graduated.
+550 would make a lot more sense.
Edit...now I see the original post date. Makes more sense. Why are we bumping posts from November?
