Cubs win World Series? ...Against Miami?
March 9, 2014 8:03 PM Subscribe
According to Back to the Future II, the Chicago Cubs will win the World Series in the distant future of 2015. If a meme started up and caused an inordinate number of people to jokingly/ironically bet on the Cubs next season, would that affect their odds?
posted by TheSecretDecoderRing to Sports, Hobbies, & Recreation (2 answers total)
From what I understand, oddsmakers don't base odds based on what they think a particular outcome will be, but how they think the general public will bet.
So if the 2015 Cubs were, say 50-1 (as they are this year), how much of a movement would there have to be before oddsmakers would actually make adjustments so they're not all screwed just in case the Cubs actually did win?
And are there any weird cases where some quirk resulted in the odds being affected by unusual external circumstances, or some longshot won in a way that the oddsmakers were completely unprepared for?