Are Big Upsets Big Problems For Bookmakers?

St. Louis Blues Win the 2019 Stanley Cup

When longshots win, a common plea is that sportsbooks must change their business models. Mainstream sports outlets often conflate odds with probabilities. Bettors, not sportsbooks, move the lines. LAS VEGAS – With the newfound national popularity of sports betting pervading the mainstream media, there are bound to be some curious assertions. Sports writers, by and … Read more