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Depending on how the money comes in for a given line, the line will move to account for possible losses for the book. So the odds aren’t just set once, they sli
by dgfitz 1y ago
Depending on how the money comes in for a given line, the line will move to account for possible losses for the book. So the odds aren’t just set once, they slide around.
Generally this happens based on how the sharks bet, not dissimilar to how market-makers affect stock prices, as a bad/loose analogy.
- ls612 1y agoThis is why the sports books ban so few people. 1% gets thrown around a lot but most places that disclose this say “less than 1%” and it’s likely pretty well below 1%. The sports books like the top 5% who aren’t top 0.5% because those people give them information and information is profit.
- dgfitz 1y agoI have had a suspicion for a while now that my accounts have eyeballs on them. I think you are correct.