What does "bought the hook" mean?

[hanover00]

Seen it mentioned a few times and was wondering.

 

[Koke]

it means that someone paid to either have a extra .5 put on or taken off a play. For example pitt is +6.5 today vs. Denver. Someone paid extra to have it at 7 instead. obviously, 7 is a key number in football.

 

[hanover00]

Good post, thanks.

 

[winkyduck]

let's also say what the cost of doing it is.

to buy 1/2 point costs $.10 (with an exception i willget to later).

so if pitt is +6.5 and you want to win $100 on them - you would risk $110 to win $100. but if you wanted to buy 1/2 point on pitt - and play pitt +7 to win $100 - you would have to lay $120 to win $100.

NOW

the ONLY exception to this $.10 rule is in the nfl - when buying ON or OFF 3.

so if you have a 2.5 point dog and you want to buy to 3 - or buy a 3.5 point fave to 3 or take a fave -3 and make it -2.5 or a dog +3 and make it +3.5 that would cost you $.20

sunday night - seattle is -3.5 over sf. if you want to buy seattle down to -3 to win $100 it will cost you $130 to win $100 - not the $120 to win $100 it would cost if buying from 6.5 to 7.

 

[jwunderdog]

Stat. wise these are usually bad bets if you look at the % of times they come into play.If you can get on or off of 3 at 10%(good luck), then that maybe an OK bet , but other then that the %s say bad bet.GL

 

[RPM]

jwunder,

just out of curiousity, do you know what the percentages are?

 

[jwunderdog]

RPM, this is for NFl but I think the half point over the last 10 years is worth something like 2.5%. The # I think is lower if you exclude 3. I can not remember what its worth on 3 maybe between 4% and 5%. Now if you get a whole point off 3, meaning -2.5 , +3.5 I think the #3 hits around 7 % which is why over the long term it is considered a profitable middle. Please don't take these % as the Truth, but I am pretty sure their close.

 

[winkyduck]

for the record - i NEVER lay -2.5 in hoops - EVER! i ALWAYS buy down to -2 and this has really paid off for me. all it takes is ONE time to make a difference and it pays for itself - and trust me - it will pay off MORE than 1 out of every 10 times. i have made/saved more money this way than i can count.

also - with dogs +1.5 i either bet the M/L or buy UP to +2. again - it has made/saved me a lot of money - not nearly as much as buying -2.5 down to -2 - but it has made a difference.

 

[jwunderdog]

WInk, Thanks I will remember that about college hoops.College football anything under +3 dogs I almost always take ML,the times that 1 or 2 hits in college foots, is way under 10%.

 

[Angelle]

Thanks-
I have never heard that term either..

 

[Angelle]

I am not good with the bookie slang