EA Simulation Correctly Picked Super Bowl Champs in September
Just_Say_Duhhh writes "Before the NFL Season started, the guys at EA Sports simulated the entire season using Madden 2011. The sim told them the Packers would win the Super Bowl. If only we had listened. What's even more interesting is that according to the article, they've picked the winner 6 of the last 7 years. Make that 7 out of 8!"
Because according to *this* article, it picked the Steelers... http://blog.games.yahoo.com/blog/355-steelers-will-win-super-bowl-xlv-predicts-madden-11/ wtf?
Gut feelings and odds have little to do with it. Bookies try to get enough people to bet on both teams. If too many people were betting on the Packers, they would move the spread so more people bet on the Steelers, and vice versa. They have to balance the money on both sides so they have enough to pay out. Most bookies take a percentage of the bet, or a "vig", so they get paid no matter which side wins. I ran a small operation in high school like this. The house always wins. If a bookie runs into the situation where his cash flow isn't as good as it should be, he usually lets them carry over the bet into the next week. That gets kinda hard with the Super Bowl. just my $0.02 (plus my percentage)
Fast, cheap, correct. You get to pick two.