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Vegas sure doesn't waste time. The Patriots are 13 to 14 point favorites. But what I find interesting is that Vegas admits that this is higher than it should be in order to induce underdog bettors.

"The Patriots are still considered by far the best team in the league" said Jay Kornegay, sports book director at the Las Vegas Hilton."We obviously make that line to get equal action on both sides. To do that, because of the perception of the Patriots, we have to increase their number more than usual."

Same thing in the stock market. Lots of people buy stocks like Google, not because of any well-thought analysis, but because they want to be able to say they own shares of Google.

Posted by edelfenbein at January 21, 2008 12:38 AM