Originally posted on SteelerAddicts  |  Last updated 11/16/12
Losing Roethlisberger this week certainly dampened the odds of a Steelers victory. While hopefully the Steelers will rally and defeat the Ravens, let’s analyze how much the oddsmakers value Roethlisberger over Leftwich. Currently, linesmakers have it so that a $100 bet on Pittsburgh would win about $170 (return $270). This indicates they believe the Steelers have a 37% chance of winning. In terms of a line, the Steelers are 3.5 point home underdogs, so the oddsmakers do think the game will be close. Had Roethlisberger not been injured, the Steelers likely would have been a 2 to 3 point favorite. For someone just betting on an outright Steelers victory, he would have had to bet probably around $140 to win $100 (return $240 total). This equates to about a 58% chance of the Steelers winning. It should be noted that bettors often overreact to the loss of a starting quarterback and generally bet against the team with the injury. In this week’s case, most bettors are on the Ravens; hence,...
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