Quote:
Originally Posted by Actionbrett
I always get a kick out of some people in regards to line movement. Lines can move(or not move) for a ton of reasons. The three most overused sayings i see in this industry, and they all drive me nuts, are reverse line movement, smart money and vegas knows something. Now i'm not saying line movement doesn't mean nothing, because it really does, but u need to figure out why the line has moved which leads to hardcore handicapping. Here is what I personally do. I get the opening lines from bookmaker the night before and start to cap the games accordingly. If I really like a certain side and then see that the line has moved against me on the dog side (+5 to +4) or favorite side or -4 to -5 only means I like the game more and its an investment. If a person was to play a certain side because the line moved and the public is on the other side heavy then you will lose your money and alot of it, espcially if its only moved .5 point.
There really isn't such a thing as 'reverse line movement' and there isn't really a thing as 'smart money'. I know from experience that a line can be moved by a sharp $1,000 bettor rather then a $8,000 bet from a trust fund baby. If someones definition of smart money is 'big bets' coming in on a certain team then there is 'smart money' on every single side in all of the events.
I ran a test in a forum full of squares a year or so ago and i offered them opening/closing lines on two college football games which I had a lot of trust on one side in each game that would cover. One line opened was a home favorite at -3 and closed at -5 and another one was +4 and closed at +4. I believe close to 75%(give or take) of the people said they wanted the -5 favorite in game 'a' because the money was coming in on the favorite which moved the line to -5 which is what a typical novice better would think and sometimes they are correct however more times then not they are wrong.
From a business perspective and this applies to Pinnacle spotsbook because i view them more as a syndicate rather then a sportsbook. If most bettors are going to wager on a team at -3 they is a solid chance they will still back them at -5 as well which would give the book more of an advantage it already has on a investor. Take our friend Jefferson for example. 90% of his wagers are released on sides where the line has moved against the opening line( Bulls +2 to +1.5 and Northeastern +3.5 to +2). He knows why these lines moved because he has contacts behind the desks who know exactly why which seperates him from everyone else.
Just my 2cents so take it for what its worth.
Long time watcher on this forum. This was one of the most insightful posts in a long time. I have watched line movements and been betting for a very long time. This post is exactly right. Lines will move for all kinds of reasons. You get a few squares dropping a ton of money on a game it may cause a line move with absolutely no reason other than "dumb money." You get a real professional gambler that walks in to a casino and throws down 1 to 2 dimes that vegas respects, he can change a line by himself. None of these dudes with these dumb f-in games of the year and games of year conference and 30 dimes and crap has any respect whatsoever. It kills me to look at these forums with these "tough guys" claiming to be these millionaires and crap.
The real dudes making money at this are smart bettors with great money management. Flat bettors that grind it out and make money. Why a line moves is important--"Why"
You follow reverse line movement "blindly" for too long you will get crushed. Been at this a long time, don't want people losing money on this "tired" theory. GL with the tourney
You follow reverse line movement "blindly" for too long you will get crushed. Been at this a long time, don't want people losing money on this "tired" theory. GL with the tourney
The best there is will hit about 58% long term. Why do you think these cappers release ten different kinds of plays? So they can say that there 2500 triple star plays have hit 10 in a row. We don't think about there 1000 star, 2000 star, and 4000 double goy stars that are in the crapper.
Its actually brilliant marketing.