Vig on totals?

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Does anyone know if the Money Line number on totals is correlated with the win percentage? In other words, will an under 8.5 -117 win more often than an under 8.5 + 117? The O/U number is the same but the payout is different. Does the payout reflect performance or is it just the books way of evening up the money bet? I know a ML bet on sides reflects performance as a -250 fav will win more often than a - 125 fav but is it the same with totals?
 

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