CC: Vegas odds Harbaugh to UM Was 8-1 Now 2-1

Reminder that Vegas doesn't make predictions, they just set lines that they think will get the most action. This is utterly meaningless. More meaningless than anything that has been posted here with respect to the coaching search.

If the line is moving so much there is certainly a reason for it!

Can someone refresh my memory? Back in late 2010 during Michigan's last coaching search, did Jim tell Michigan "no" early on? My recollection is he did, but I and many other Michigan fans were hoping he would change his mind, even while he was being vetted by the 49ers and Dolphins, up until he signed with the 49ers on January 7th. Is my recollection correct? Just want to be clear that his stance is different during this coaching search.

So what they're saying is there is a 50/50 chance he says YES or NO.  I kid I kid...  but not really.

Vegas don't know nothin'.  They got a boatload of money taking that 8-1, and they changed the line to balance their exposure.  

With the news coming out of SF, that 8-1 didn't fit the evolving situation anymore.  Actually, I don't think Vegas made that adjustment soon enough.  With JUB calling it a coin toss, that line was, well, out of line.

Jim Harbaugh is very busy trying to win his next four games.  He hates losing.  That's where his focus is.  There's no compelling reason for him to decide right now.  

We can all speculate on the prevailing factors that will affect his decision, but the pundits and prognosticators are all guessing.  

The obvious outpouring of affection for Jim to come home and be our coach is one positive, relevant factor.  I'm sure some old teammates have tried to make a case.  Hackett seems to be on the ball.  What else can we do now, except well...never underestimate the power of prayer. 

Every indication points to the simple, normal situation that Jim Harbaugh hasn't made up his mind yet.  He's in a dogfight to make the playoffs.  Whether that's likely or not, a competitor like JH would see that as a possibility, and be doing everything in his power to make that happen.

I'm taking his press conference comments at face value: That he's not overly concerned with the future, but is intensely focused on "Getting it right", winning the remaining games.  Does anyone see JH as the sort who would spend a lot of time playing word games, when the obvious demands on his time are to coach his team to victory?

He knows he has plenty of options.  There's no compelling reason for him to decide until he finds out how the rest of the season goes.  So what I'm saying is: If he hasn't made a decision, how can all these pundits and prognosticators know what his decision is?

Let's all keep letting him know that we Wolverines want him to be our football coach.  That's going to factor into his decision to some extent. 

Oddsmakers think someone may be in the know and bets for Harbaugh kept coming in even as the odds were increased more and more.

I've tired to post this now a few times and something keeps screwing up on my end.I suppose that is because this is my first post here.

Going to make this condensed version and will add more if this goes thru.

I've been here in LV for 6.5 betting on sports for a living. I moved here from a town just outside of Flint, Mi and still remain a huge Michigan fan. Love this site and hoping like all of you they hire Harbaugh to be their next coach.

Wanted to clear few things up though with this story. First off there's no place out in Las Vegas who would allow betting on something like this. In fact there's no betting on all that stuff you see in the newspaper all the time, stuff like academy awards, american idol or who the next coach will be. They are trying right now actually to pass allow here in LV to allow this one day but as of now there's no such thing.

This is coming from an offshore sportsbook that's probably either bovada or sportsbetitng.com. These places love to set lines on stuff like this as the newspapers and media pick up on it and it's great free publicitiy. WIth that said these "markets" are very small meaning at the most I would say $100 is the maxiumum you can wager on this. It may be as high as $300 (which I will check on shortly) but I know way it's not more than that.

This is why you can't put much stock into this story. One or two max bets and they will move lines to try and entice action on other stuff. The bottom line these sportsbook would never let themselves get exposed with too much risk on these fun type wagers for all the obvious reasons most spoke of already in this thread.

Lastly like some spoke about earlier, the betting markets are extremely accurate way too gauge probabilites of something happening. There's been numerous studies done that show examples of this but the problem with that here in this case is that this market is way too small. 

Anyways hope I helped clear this up. I want Harbaugh to be Michigan coach probably more than anyone but as far as this story meaning anything at all, it doesn't.

Bovada came out with 2 to 1 from the start.  However, the prop has been pulled.  I would consider this bullish.

So in closing, this: