MountaineerLegion
Active Member
- Joined
- Nov 30, 2014
- Messages
- 26
- Likes
- 12
Exactly. If you're serious about your money you don't plunk it down until the absolute last moment. You never can tell when you're All American QB or MLB trips getting off the team bus arriving at the game and is out for the season.
Actually, most serious bettors will bet anytime they perceive an opportunity in a line. While the big houses have sophisticated algorithms for setting the opening line it's not uncommon for them to get the opening line wrong. You have to remember the opening line is really about the house's guess as to how much money will come in on each side of a bet because they want equal money on each side of the outcome. That way the bettors pay each other off and the house gets their profit from the vigorish. The house's advantage is that they can adjust the line to entice bets to get as close as possible to even money on an event. Serious bettors look for risk/reward opportunities based on the house's line, period. Often that's in an incorrect initial assessment of public opinion rather than when the house has millions of dollars bet to adjust their line..
As for outlier events such as your injury example, unless the probability is different for each team they cancel each other out.
Last edited: