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Old 07-09-2014, 09:49 AM   #1
Atlanta Dan
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Default Steelers Betting Futures Odds For 2014

Preseason predictions are great, but preseason predictions you can bet on are even better

I look for the Steelers to be better this coming season and the oddsmakers appear to agree

These are some odds on the Steelers prospects

Odds to win the 2015 AFC Conference

Denver Broncos - 9/4
New England Patriots - 3/1
Indianapolis Colts - 8/1
Pittsburgh Steelers - 12/1
Cincinnati Bengals - 16/1
Baltimore Ravens - 18/1
Kansas City Chiefs -18/1
San Diego Chargers - 18/1
Houston Texans - 22/1
Cleveland Browns - 25/1
Miami Dolphins - 25/1
New York Jets - 28/1
Buffalo Bills - 40/1
Tennessee Titans - 40/1
Oakland Raiders - 50/1
Jacksonville Jaguars - 100/1


Odds to win AFC North

Cincinnati Bengals - +200
Pittsburgh Steelers - +200
Baltimore Ravens - +250
Cleveland Browns - +500


Broncos and Seahawks are co-favorites to win the Super Bowl at 13-2 odds - Steelers are 33-1 to win Lombardi #7

http://sports.bovada.lv/sports-betti...ll-futures.jsp
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Old 07-09-2014, 03:12 PM   #2
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Default Re: Steelers Betting Futures Odds For 2014

I dunno. I could be wrong here, but it's my understanding the purpose of the odds is to regulate the take, to discourage vast sums wagered on one side or the other. The sums that drive the odds however are placed based mostly on conventional wisdom. I think I would rather look at more concrete factual data in determining a likely outcome.
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Old 07-09-2014, 04:01 PM   #3
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Default Re: Steelers Betting Futures Odds For 2014

I'll take it!
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Old 07-09-2014, 05:09 PM   #4
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Default Re: Steelers Betting Futures Odds For 2014

Quote:
Originally Posted by VaDave View Post
I dunno. I could be wrong here, but it's my understanding the purpose of the odds is to regulate the take, to discourage vast sums wagered on one side or the other. The sums that drive the odds however are placed based mostly on conventional wisdom. I think I would rather look at more concrete factual data in determining a likely outcome.
Steelers were not co-favorites to win the AFC North last year and were longer odds to win the AFC

As you note, odds are set based upon the house not losing $$$ - in the case of an odds bet you do not want the potential payoff to outweigh the potential total amounts wagered - the less likely the team is to win the higher the odds for that proposition will be in order to attract bets

The bettors who support their opinions with money have a higher opinion of the Steelers going into this season than going into last season based upon the lower odds of the Steelers winning the division or the conference going into 2014 than 2013

All you have to start the season is opinions as to how well a team will play - I tend to place greater value on opinions backed by someone who supports their opinions with money than a prediction by Colin Cowherd, Pete Prisco, or any other "expert" blogging from his basement who does not back it up by laying out some cash
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Old 07-09-2014, 05:44 PM   #5
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Default Re: Steelers Betting Futures Odds For 2014

[QUOTE=Atlanta Dan;

- I tend to place greater value on opinions backed by someone who supports their opinions with money than a prediction by Colin Cowherd, Pete Prisco, or any other "expert" blogging from his basement who does not back it up by laying out some cash[/QUOTE]

Great point!!
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