To my understanding the books will set the initial line as described in the linked article. Then the line will move based upon how the public actually starts betting the game. So, for fun, let's assume UL has only one loss heading into the UF game, and the gators have a couple of losses to SEC teams. I would think the books would favor Florida by let's say 14. That's alot but a hell of an improvement over the 30 or so they would have been favored in the past. Since the general public will probably bet Florida, both from history and the fact there are likes far more national Florida fans than Cajun fans at this point. That would move the line higher lets say to 17. If UL is as good as you think (and I hope they are!) then you should be happy the books and then the public underrate UL. Bet them heavy and you may get to take another December cruise!
Now an undefeated UL against say a 500 UF team.....that might get you an even line, considering we would have had to beat a top 20 team to get there.
My favorite part is we can even have this discussion......how far we have come in a short time!