VR’s Morning Moves - Friday, February 26, 2010
Report Status: FRIDAY FEB 26th, 2010
Next Report: BY 12:00pm est by SAT 2-27-10
Notes:
“MORNING MOVES” NEWSLETTER & LINE-PREDICTIONS for FRIDAY FEB 26th, 2010
HANDICAPPING : PART 2 = “VEGAS TRAP GAMES….FACT or FICTION”
Good Morning Ladies and Gentlemen…We had a loser last night, which was our 1st Best Bet loss, and I’ll be the first to admit that even though we are cashing at over “61%” ATS on “Morning Moves” Overall…which is actually a Winning % much higher than any professional handicapper or sports bettor can ever hope to attain…the bottom line is that during this past week…we are being challenged…
And to be perfectly honest, even though I hate losing more than most people I know because of my competitive nature…the fact that we are being challenged offers us the opportunity to really put so many of those concepts on “Money Management” that we’ve covered to actual use…Because there is no benefit in simply knowing something, the benefit comes in being able to employ what you know to your advantage…
And if you are truly trying to build a strong foundation for your business…and put together a winning plan…then you need to make sure that you are set up to face the challenges that you are definitely going to face along the way…So my best advice to you is to simply go back on occasion and read some of those previous Newsletters that I wrote on Money Management…Because it would be the equivalent of when I was trying to become a winning sports bettor, and had a few very sharp mentors who continued to tell me many of those same things each and every day…
Now let’s move on to Part 2 of our series on “TRAP GAMES”…Because this is such a vital part of understanding the way that this market actually works…And I also believe it will lay many misconceptions to rest and allow you to keep it simple, rather than try and make it more difficult than it needs to be…
To refresh your memory…yesterday I claimed that my OPINION is that there IS NOT…nor has there EVER BEEN…a “Trap Line” sent out by the Oddsmakers, and offered by the Bookmakers…to try and entice the recreational bettors…to take a losing positions…Meaning, that because they know what the outcome will be…they can then put out a line to make bettors wager on the losing side or total…
And many people use the phrase…”Vegas Wants You to Bet…”
The biggest support to my claim that there is no such thing…is the fact that the house isn’t in the business of gambling…And if they were forced to take a position on every game, because they couldn’t get balanced action…then it wouldn’t be the VIG that was their edge…Instead, it would be the bettors lack of knowledge that they depended on…Which would be extremely dangerous because we have continued to see that in this information age, even your recreational bettor is so much more sophisticated than ever before…And to be perfectly honest, I am a strong believer that if more bettors put as much emphasis on the money management side of this racket…as they do on the handicapping side of it…they would actually give the bookmakers a tough fight for their money…
But the reason 9 out of 10...and even higher, lose money betting on sports is because they don’t know HOW to bet…Not because they don’t know WHAT to bet…
The reason for this is because in all honesty…today’s odds makers just aren’t that good…And because of that, there is absolutely no possible way that I believe they can “set a trap”…I mean, there is more money in beating the number than there is in making it…And not to call anyone out, but we all know that there are “head odds makers” who at one time were actually handicappers who were trying to make their money betting…But just weren’t able to…
Also, when the odds makers meet with their crew to try and determine what line to send out, this is how it goes…And I can tell you this as fact because a very good friend, who is actually a handicapper and was here at Pregame…worked for LVSC, the company who supplies the Nevada sports books with odds…They sit around a table and they all give their number for a particular game based on their power-ratings and other handicapping…Then as a group, they try to determine if that number is capable of splitting the betting action…while also being strong enough that the Betting Syndicates won’t see too much Value to try and take advantage of…
Many times, they go ahead and decide that it does accomplish those goals…So that becomes the “line” or “price” for that game…Other times, they come to the conclusion that based on “perception”…that “True Line” will NOT split the betting action…So they then have to adjust it, to where they believe that betting action will come in on both sides…And I like to call that a “Fair Line”…
Now when this is the route they take what usually happens is that even if they are mistaken and the line don’t attract 2-way action from the betting public…they end up getting bailed out because the “sharper” money will come in on the other side…
Other times they are completely mistaken and the line they send out don’t attract 2-way betting action…And even worse, BOTH the betting public and the Wiseguys are on the same side…And these are the times that the sports books are in the worst position that they can possibly be in…Because they are now forced to need a side…And that is something that a sports book never wants…Because they are not in the business of gambling…
The bottom line is this…If the odds makers/bookmakers had the ability to KNOW what the outcome will be, then why not set a “trap” for EVERY game on the board…I mean, it’s not like those who believe in “traps” on see them for certain teams…So that means that they KNOW what every team is capable of and should do…And if any man was able to do that, then why on earth would they only do it on certain match-ups…Where’s the logic in that…
Finally, I am not saying that those who believe in the “Trap” are 100% incorrect…Instead, what I am saying is that they are simply reaching their conclusion in a different manner than they think…What they are ultimately doing is not finding a “trap”…Instead, they are simply finding a WEAK line…And the reason the line is weak is because the odds makers or bookmakers made the mistake of thinking a certain number would get them split action…
Again, I can’t say this enough…This is a market just like any other…And what it comes down to is price…The only difference with out market, the sports betting market…is that the ONLY goal for setting a price…is to get balanced action on a game…Sometimes it accomplishes that, many times it don’t…But in the end, that is the ultimate and ONLY goal that the price has…
Because of that fact…there are ample opportunities each day for bettors to profit…Because for lack of a better phrase…”The Price Isn’t Right”…And when the price is wrong, then the bettor can find value…And when the bettor finds value enough, over time…he/she will win more times than they lose…
Believe me, there is no more ridiculous phrase in sports betting than “Vegas Needs”…Because in reality, when something has a built in edge for the house…like sports betting does, by charging a VIG…then the only thing they need is VOLUME…Because the more volume they get, the more profit that EDGE is going to make them over time…It’s not like when you look at a Roulette Table, there is a time when “Vegas Needs Red”…Because there is a built in edge, and over time…the house simply needs volume to turn a profit from that edge…
I am not trying to say that those handicappers and bettors who think that way are 100% wrong…And I know plenty to beat this market year in and year out with that reasoning…And because of that, they shouldn’t change a single thing that they do…But with that said, I truly believe that they are ultimately reaching their winning conclusions by finding weak lines…and not by guessing which side the odds makers want the bettors to go…and then go the other way…
If the odds makers were that good…and the bookmakers had the confidence that they were capable of doing that…We would NEVER see a line-move on those “Trap Games”…Because if you already know you set a winning ‘trap”…then wouldn’t you simply want to keep inviting more and more money until the game begins…But they move their lines because in the end, just like I said from the very beginning in Part 1...the main goal, and ultimately only goal the books have…is to balance the money being wagered, so that they can minimize their risk/exposure…While simultaneously maximizing profit…
I can go on and talk about this topic forever…and make this a 10 Part Series…But instead, we will move on to something else for Saturday, and who knows…we just may revisit this one again in the future because it does play such a crucial role in how you will look at this market…And one of my goals, is to help you to REALLY understand how this market works…I have worked in it in different capacities so I believe I can do this very well…And always remember, there is never any need to make things more difficult than they truly are…or to look for conspiracies that just aren’t there…
Best of Luck and Thanks Again for Your Continued Support…Vegas-Runner
LINE-PREDICTION :
1.) 805 ORLANDO -4.5
This line should get adjusted upwards…Most of the Sharps I spoke with feel it’s a bit low, and the books should definitely see money come in on Orlando from the Betting Public…So unless the Outfits “steam” the Hornets…this line should see some movement…VR
2.) 849 WEBER ST -5.5
I was surprised that the Outfits didn’t try to get out ahead of the market already by “steaming” Weber St…Because the books are definitely going to get that side from the public later today, and it’s also one of those sides that will attract a ton of teaser money…My feeling is that the Wiseguys will eventually make this move, and even if they don’t…the books should still be forced to adjust as the bettors start getting down…Only a “steam” play on E Wash should keep this from happening, and I haven’t heard anyone looking to do that as of this morning…VR
Fri, 02/26/10 - 8:05 PM VR's Morning Moves | NBA Sides
double-dime bet 813 CHL 3.0 (-110) Bodog vs 814 MEM
Analysis:
** NBA 2* TRUE STEAM BET ** (Possible 3* BEST BET Upgrade)
We are "5-1" on MORNING MOVES "True Steam"...and 71% ATS over our L/14 TRUE STEAM Bets Overall...And we'll try to add to that with another very strong NBA Bet tonight...In fact, I urge you to PLEASE check back by 6:30pm est (Final Update)...for a possible Upgrade if I continue to get more support...
The bottom line here is that the books have sent out a "Fair Line" in an attempt to attract 2-Way action, and so far it's worked...Because even though the betting public has already taken the favorite, and will continue to do so up till tip-off...the Wiseguys grabbed +3.5, and took a significant position on the Dog...
My TRUE LINE for this is actually a PICK, so we are getting plenty of "Line-Value"...And as important as that always is...I also feel that there is an EDGE in the Match-Up...Charlotte has beaten Memphis in 3 of their L/4 meetings, and should be able to do it again...
But being able to get +3 or better...makes this wager so much stronger...So Let's go ahead and grab the Points with Charlotte...and see if we can get another TRUE STEAM WINNER on the books...VR