Quote Originally Posted by sharpe1027 View Post
I'm no expert, but the house wins because they take a cut. They don't give a shit who wins so long as the bets roughly balance out on each side. It's not about better Intel. It's about getting enough bets on each side
You and tex are both correct. The house definitely has better intel in sports betting though. Thus the term "trap line". The house factors public perception into the lines and in fact does take positions.