7E2_GamblingSuperBowlStockMarket

7E2_GamblingSuperBowlStockMarket - What Does Super Bowl...

Info iconThis preview shows pages 1–7. Sign up to view the full content.

View Full Document Right Arrow Icon
Click to edit Master subtitle style 4/18/11 What Does Super Bowl
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
4/18/11 Super Bowl Biggest NFL game of the year! Happened last Sunday night. Green Bay Packers vs. Pittsburgh Steelers Understanding what happens around
Background image of page 2
4/18/11 Gambling on Super Bowl Each year millions of dollars are wagered on the game. Legal bets just in Las Vegas around $100 million. Gambling is big business. Goal of Las Vegas casinos is relatively simple.
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
4/18/11 If You Bet On the Game I am NOT Advocating Gambling In Las Vegas bet $10 on the game and win Get back your $10 Plus get back an additional 90% of your bet = $9 Total $19
Background image of page 4
4/18/11 The Spread Gamblers do NOT choose who will win or lose game. Instead Gamblers pick who will win the game after taking into account “the spread.” If you pick the favorite team. That team’s final score must be greater than losing teams score by more than the “spread” for a gambler to win. If you pick the underdog team (expected loser)
Background image of page 5

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
4/18/11 Example Packers were favored to win by a spread of 3 points. Packers final score needed to be 3
Background image of page 6
Image of page 7
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 04/17/2011 for the course EC 102 taught by Professor Zagorsky during the Spring '08 term at BU.

Page1 / 20

7E2_GamblingSuperBowlStockMarket - What Does Super Bowl...

This preview shows document pages 1 - 7. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online