- Sports betting (Sports, Games and Toys)
"Well, hey, Betty. I just learned that Zeke here bet $200 on Neptune."
"Richie! They're 14 and 6, we're 6 and 14. I mean, there's no line. I'd be crazy to pass this up."
"Why would a bookie take bets on a team to win straight up, no line, if one team is heavily favoured?"
"H-he wouldn't. A bookie usually tries to find a line on a game in which half the money gets bet on one team and half the money gets bet on the other. They make their money on commission. If a bookie accepts bets that are all on one side of the line, he's, well, he's either going to make a killing or he's gonna get killed."
"Why would he risk it?"
"I don't know. Maybe he knows something that the people who are betting don't."
Bookies are adventurous risk-takers, but they rarely make choices that are likely to cost them money. Deputy Leo explains to Veronica why a bookie shouldn't — but might — take bets on a game with no line. A line is a certain number of points a team is handicapped when their opponents are favored. For example, if Neptune High is the favored basketball team, and Pan High is handicapped ten points, then the line is ten. Neptune High would have to win the basketball game by at least eleven points to cover the line so that the people who bet on Neptune could collect on their winnings. But this game has no line, which means that Neptune High simply has to win and the people who bet on it would win. The bookie, who just happens to be Weevil, would be a fool to accept so many bets on Neptune High. Unless he knew the game was fixed and that Pan High was going to win the game. Hmmm...clear as mud?
- 1.16 "Betty and Veronica"