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" ... But Vegas Dave’s math doesn’t work out if you pay for his picks. In order to break even in the long run, you must win 52.38% of the time against the standard -110 line to account for the vigorish (or percentage) the sportsbook takes. But if you’re paying at least $200 for that advice, you have already eaten into your profits before considering the vig on each bet. ... "
" ... The moneyline is the simplest Super Bowl 2021 bet you can make, as it only requires picking either the Chiefs or Buccaneers to outright win regardless of their margin of victory. The odds vary for each team, however, with Kansas City going off at -160, translating to one needing to put up $1.60 to return $1 on the franchise winning its second consecutive Lombardi Trophy, while Tampa is a +140 underdog, netting $1.40 for each $1 risked on the side. The implied probability of each result can be calculated from these odds, with Vegas believing the Chiefs have an approximate 62% chance to win Super Bowl LV, while the Buccaneers’ odds translate to a 42% shot at success. These percentages add up to more than 100% due to the vigorish, which is the cut a sportsbook takes for facilitating bets. ... "
" ... These odds imply a probability of 70% that Utah is the winning side this evening and a 34% chance that Memphis finds a way to best its opponent. These percentages eclipse 100% due to the vigorish, which is the cut a bookie takes for facilitating bets. ... "