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Does sports book bet on the team going to win with how they make the lines?
For instance, do they make a line in hopes that people mostly side with one bet, while they know the other side of the bet will win? What is your opinion?
I am in school for CSM and I am pretty bad when it comes to understanding sports book.
I know last year the books wanted the ravens to win because 49ers and over would have lost them money. How did they set up the line accordingly or was that not a factor?
I know they want as many bets on both sides as possible and more likely an equal amount on each but, when they set some lines, don't they want to influence people to bet onside and not the other? Maybe to even it out.
6 Answers
- Divide By ZeroLv 78 years agoFavorite Answer
Maybe back in the day they could set lines that way, but I don't think that's how they do it now. (I hear back in the day you could win just by blindly taking every underdog on the board!) There are quite a few sharp bettors with deep pockets who would punish the books if they purposely put out a flawed line. The professional bettors make much larger bets than the avg joe so even if 70% of the public takes the dumb side, there could potentially still be more money on the smart side.
So I'm pretty sure the oddsmakers just try to make the sharpest line possible and win the vig (as opposed to getting greedy to win more than just the vig). And I don't think they care as much about even action as a sharp line. In the long run sharp lines will accomplish the same thing as even action. They'll move the lines due to smart money, but not as much from dumb money. If dumb money moved the line the wrong way then smart money would jump on the new line, that's why books care (or should care) more about sharp lines than even action.
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- LegFuJohnsonLv 78 years ago
How would they know the other side of the bet is going to win?
They want the same amount of money on both sides. If one side winning will cost them money, they didn't set the line quite right.
- 8 years ago
Guys, there is a mathematical formula used in sports betting that is highly guarded. It just so happens I do know the formula used to set lines on football and basketball. However, I am not going to jepordize my ability to chat in this forum so I cannot suggest a website where you can get this information. Sorry guys.
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- Anonymous5 years ago
Be careful, You could be heading for disaster. You start small and soon get consumed with this monster called gambling