Vegas Odds: Shifting Slightly

We began posting the Vegas Odds in February 2009. Back then, a $100 bet paid $170 if LeBron went to the Knicks and $175 if he went to the Cavs. Only a year ago, Vegas essentially considered it a toss up.

Since that time the odds have dramatically shifted in Cleveland's favor. However, for the first time in 3 months, the trend has stopped and begun ever so slightly to change direction.

For the past three months $100 bet on the Knicks paid $400, but now that same $100 only pays $300. Meanwhile Vegas has seemed to settle in on -300 or betting $300 to $100 as the right number for bettors who think LeBron stays home.

Cavaliers -300

Knicks +300

Nets +700

Pistons +1200

Maybe it's the better play from Chandler and Gallo that increased some of the money being bet on the Knicks and forced Vegas to lower the odds. Maybe it's the better coaching and play of the team overall. Or maybe Vegas realized they could still generate the same amount of action without offering such steep odds and decided to limit their exposure.

Regardless, it's nice that the odds are moving back in the right direction. If they had kept moving to +500 and +600 you'd start to wonder if World Wide Wes or some wiseguy had good enough information to bet a fortune on Cleveland.

3 to 1 are still long odds, but there was a certain other New York team facing 3 to 1 odds only 2 days ago. Today that team is getting ready for the AFC Championship game. Unfortunately for the Knicks, Nate Kaeding won't be able to help them on July 1, 2010.

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