With the quality of the linemakers and computers at the present wagering on any game is a virtual coin toss. Why in hell would anyone want to lay -110 on a 50/50 proposition. Are gamblers just plain idiots? Are they desperate for action? No one wins betting -110......just a matter of time. That is why books can pay hundreds of employees,have expensive software and issue bonuses. As long as there are suckers out there betting at -110 or -105 they will take home ALL the $$$$.. Same for the poker rooms....The rake is like stealing....All the players lose. Sorry but that is the call. I may admit I am a horse player and that is worse ..they take out 20-35%. of every dollar. The only ones who win cheat.:drink:
At -110 juice a bettor only has to win somewhere around 52%-53% of their bets to make a profit. The reason the books can afford so many employees and bonuses is because they know how to make the line so that many bettors will take the wrong side. The lines are not made to get 50% action on either side. They are made to get more people on the wrong side.
I would be happy to make a bet at -110 or -125 even if I felt it was a good bet. The problem is, most bettors don't know the best bet.
I would be happy to make a bet at -110 or -125 even if I felt it was a good bet. The problem is, most bettors don't know the best bet.
Books don't survive on straight bets and totals alone. The gimmicks - parlays, teasers, reverses, point buying, props, futures, IF bets, action points, half times, money lines, minor sports like boxing, golf, tennis and others (especially horse racing) all are part of the numbers that compute what percentage of volume a book holds. Narturally -110 on straight bets (sides and totals) makes it easier to hold the desired 6 or 7 percent than reduced juice does. A well run horse room should hold 15% by itself. Write 10 or 15 million a week, hold 6% and you can run a very nice operation.
wil.
wil.
I see what you are saying. I think the books have the linesmakers that know better than the public. The linesmakers don't know each and every line the best but overall it averages that they know better than the public.D2bets said:
If a person can find a particular team at a particular time they can know the line better than the books. I have bet Phoenix Suns 2nd-half totals and am YTD at 17-5-1. The problem is most bettors don't just bet that subset. They bet over several different sports. Seldom does a bettor have a better idea than professional linesmakers over multiple sports.
OK, fair enough. I'll agree that a good linesmaker can set a better line than the majority of the public, but I don't think they're directly playing the right side/wrong side game. They do, however, know public tendencies and both out of necessity and greed, set the line accordingly. It's a lot more sublte than knowing the right/wrong side. Because they don't for the most part.quantumleap said:
Gambling Platforms,
1)Suicidal
2)Senseless
3)recreational, chase
4)recreational
5)Sharp loser
6)sharp winner
7)Pro gambler
In my 38 years of gambling, I have gone through all of these. Due to the brain-box losing its edge, I would like to think I am still in the 6 category, realistically, its getting nearer 5. Whatever category you think youre in, your probably one down from it. The only comparable thing I have found is, the higher up the chart, the less bets that are had.
1)Suicidal
2)Senseless
3)recreational, chase
4)recreational
5)Sharp loser
6)sharp winner
7)Pro gambler
In my 38 years of gambling, I have gone through all of these. Due to the brain-box losing its edge, I would like to think I am still in the 6 category, realistically, its getting nearer 5. Whatever category you think youre in, your probably one down from it. The only comparable thing I have found is, the higher up the chart, the less bets that are had.
JJ:
I would take a guess that out of 100 sportsbettors, who do it for more than 3 months a year for over 5 years, that 98 are losers. Do you agree with this Mr. Gold? I'm not including pure scalpers, becasue they can't lose unless they get stiffed by a book.
What do you think Coachy?
Hitman
I would take a guess that out of 100 sportsbettors, who do it for more than 3 months a year for over 5 years, that 98 are losers. Do you agree with this Mr. Gold? I'm not including pure scalpers, becasue they can't lose unless they get stiffed by a book.
What do you think Coachy?
Hitman
