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Message: [QUOTE="STEVEHOLT, post: 2743986, member: 522"] Spreads reflect perception, not reality .. just so happens most of the time perception and reality are concordant .. however .. not always Tiger woods is the favorite to win the masters right now .. if you asked a wise guy to pick the single most likely player to win it , no way do they pick him..however since there will be so much money on him to win, the books have to artificially render him the favorite to protect themselves should he win (which isn’t likely but certainly could occur) [/QUOTE]