T-RO
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Half of your post is not correct.
On football games the line will rise or fall depending on the line..to keep close to 50% betting on each side. This is supposing for sake of discussion that a Vegas entity is playing it straight up...honest. (A dubious assumption, I know!)
There certainly are some types of wagers where Vegas loses, but on this kind of gamble Vegas can't really lose.
But I'm not a gambling man myself...If someone wants to correct me...feel free.