Brett Taylor is the editor and lead writer at Bleacher Nation, and can also be found as Bleacher Nation on Twitter and on Facebook.

6 responses to “The Cubs World Series Chances Are Diminishing, But Still Surprisingly High”

  1. Kid

    The popular teams always have disproportionately low odds. The odds are set to encourage and discourage betting. Let’s say the Cubs were +10000 like a lot of the teams. That would mean a $100 bet would win $10,000. The problem for the sportsbooks is that the Cubs are very popular, so a disproportionately high number of bets will be placed on them.

    If the Cubs actually won, they’d be paying a boatload of money out. The odds are set to try to encourage, as much as possible, an equal payout among all the teams with any shot of winning. (Obviously, at this point, nobody is going to bet on the Nationals even at +100000).

    Since they’re going to have to pay out for some team winning, they want to try to even out the payout among all the contending teams as much as possible. That’s how the odds get set. People will bet on their favorite team or the team they think is most likely to win. The sportsbooks try to control for that by setting the odds.

    The Cubs always have disproportionately low odds because of their popularity. It doesn’t mean that they’re really the 5th most likely team to win.

  2. Mike from a Humble Cubs Fan

    Definitely must have something to do with betting odds because these guys don’t look to be able to win the Little League World Series right now.

  3. KACHINA321

    I THINK IT’S TIME THE YANKEES WON THE WORLD SERIES. FOR SOME UNKNOWN REASON EVERYONE THINKS THAT THE YANKS WIN IT EVERY YEAR. I THINK THAT THEY HAVE THE STAFF TO DO IT THIS YEAR. EVEN IF PETITE IS NOT HEALTHY.