Money line sports bets

I have a question about money line sports bets?

Here’s an example:

It happens that tomorrow’s money line on the Yankee – Mariner game is New York -175, Seattle +165. Now suppose that you and I both go to a sports book in Las Vegas and I take the Yankees and you take the Mariners.
If the Yankees win, you lose $100 and I win $100.
If the Mariners win, I lose $175 and you win $165.

Now here’s my question: Assuming that there is an equal amount of betting support for each team, it looks to me like the sports book makes money on this type of bet only when the underdog wins. Is this true? If not, how does the book make money when the favorite wins?

Question posted by: wild_turkey_willie

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