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Golden Gate No Vig Promo

Discussion in 'The Sports Book' started by Matthew, May 21, 2019.

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  1. Matthew

    Matthew Low-Roller

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    Did anyone see this promo?
    Fine print was in the following tweet. "Offer valid only on bets placed over the counter. 1 bet per person per game. Regular limits apply."
    I'm actually going to be in town on the 1st and will make the trip to GG specifically for this. Does anyone know what regular limits might be?
     

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  2. vegasdev

    vegasdev VIP Whale

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    I saw this in my email. it sounds great if you are a sports bettor.
    is it only good on June 1st?
    do you have to use your players card so they can track and limit you? or would you just go back and try to get a different clerk that don't recognize you?
    Kudos to Derek for the offer.
     
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  3. Matthew

    Matthew Low-Roller

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    It's only good on the 1st, unfortunately.
    I think they'll track you by card to make sure you're only playing one game.
    It's a great offer for sure, but I'd be interested in learning more details because I can't imagine them making a -200 MLB favorite EV, right?!?
     
  4. tringlomane

    tringlomane STP Addicted Beer Snob

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    No. It means no vig.

    If they think a team will win 2 out of 3 long-term, they will give -200 to that team. The opponent will be given +200 since they think they'll win one of three.

    So all money lines will look like this.

    A -150
    B +150

    C -300
    D +300

    E +120
    F -120

    etc.

    That's the definition of no vig.

    Spread bets will be

    -100
    +100

    -105
    +105

    etc.
     
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  5. msadrakula

    msadrakula Tourist

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    damn, going to miss this by one day... heading to the four queens on the 2nd-7th. I love betting 4-5 games a day while I'm out there.

    side note I placed a bet at Ellis Island in January (which won) I noticed on the back of the slip that you have to cash out in 4 months. anyone ever have any luck cashing in after the deadline... I just assumed I had 6 months to cash since that what it was at some other books I have used in Vegas in the past?
     
  6. Matthew

    Matthew Low-Roller

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    @tringlomane Thank you for the insight, much appreciated!
     
  7. vegasdev

    vegasdev VIP Whale

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    Most places I believe will make an exception.
     
  8. h0und10

    h0und10 VIP Whale

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    How much do you have to bet to get drink tickets there?
    Seems like a nice way if you have a group of friends to bet both sides of the game!
     
  9. alexm

    alexm VIP Whale

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    Spread should all be +100 or even money. At -105 there is a vig. But yes as to ml bets they would be mirror images. I havent seen fine print but it won't shock me if they limit it to spread and over unders
     
  10. tringlomane

    tringlomane STP Addicted Beer Snob

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    Sometimes even spread bets are not offered both at -110. Every once in a while you'll see spreads adjusted by moneylines because a half a point is too big of a move.

    So spread might be -115/-105 or -120/ Even normally. In a no vig world, that's -105/+105 and -110/+110 respectively. Both sides are getting the fair price. That's the definition of no vig.
     
  11. alexm

    alexm VIP Whale

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    I must have been misunderstanding vig all this time. I always thought in spread any deviation from even money payout is the vig. If both sides are -105 then the book pays 100 on a 105 dollar bet. Since the spread is designed to create balanced betting if the book collects an equal number (10 each at 105$) of bets on each side it will net a profit of 50 dollars which is the vig.
    I was always taught +100 is the only time a vig doesn't exist in sports betting because essentially you could bet both sides and not lose a dollar.
     
  12. tringlomane

    tringlomane STP Addicted Beer Snob

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    If they are both -105, there is definitely a vig. But if it's -105 and +105, then that's "no vig".

    Let's take a look an another example.

    Team A is listed at +100
    Team B is listed at -120

    The "no vig" line instead would be
    Team A is +110
    Team B is -110

    In this case, Team A is expected to win 10 out of 21 times

    So the Expectation of team A on a no-vig line for a $100 wager is

    ($110)(10/21) - ($100)(11/21) = $0

    But the normal line in a bet like this, they only pay $100 when Team A wins
    ($100)(10/21) -($100)(11/21) = -$100/21 = -$4.76

    This is also a decent explanation on how bookies add vig, and has a "no vig" calculator.

    https://sportsbettingsites.org/betting-tools/no-vig-calculator/
     
  13. alexm

    alexm VIP Whale

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    Gotcha. I think I misread the post and missed the +105 -105 part.
     
  14. IxAccDnf

    IxAccDnf VIP Whale

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    theyre going to take 10 dimes on the NHL side
     
  15. IxAccDnf

    IxAccDnf VIP Whale

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    5 dimes on MLB 20 dimes on Champions League
     
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