Are we meant to connect the dots in this thread....
... . . . .
. ...
Perhaps by doing so the inner meaning of gambling, probability, nay life, might be revealed.
It is after all a conspiracy theory that holds equal claims to truth as most set forth here.
Gamblers cetainly do have vivid imaginations. :rant2:
Anywho...
For instance, they know the game is a pk but the public thinks team A is better than team B so they set the line at 3' which gives the public confidence that team A is better than team B. This does two things. It encourages the team A backers and discourages the team B backers. When team B wins by a fieldgoal everybody but Vegas is surprised.
Interesting thought.
I'd disagree.
The line is set at 3, exactly because of public belief. The line has nothing to do in the way of prediction of the final result. The bias toward team A forces the line their way, because the money is set to come their way. The line is set up in anticipation of the money movement, it's a prediction of the money movement.
In such a case if you happen to be a team A supporter you are getting the short end of the stick because you're going to get less of a return for the risk you are assuming. And that's how vegas make money, by paying you less than they should for the relative risk you have assumed. In the long run people get stuffed.
In the example, if you believe in team A, you really shouldn't be backing them because you are not getting value for your money. Unless of course you feel team A are stronger favourites than the line.
If however you believe in team B, you are in luck as you are getting good value for your money.
Bottom line: you still have to cap.
Vegas is never suprised!
And you should't be suprised either.
"Freak" results have always been a part of sport, and always will be.
but even sharps only hit 60% at best ats.
Amen!
Following money is a waste of time.
Money/line movement is rarely significant in evaluating an outcome.
The best place to take note of money movement is on a race course, and only in particular circumstances. Mind you, it never guarantees a result. Nothing does!!!
Money pouring in one direction due to valid information is interesting because it means that there has been a valid shift in the balance of things but by the time you get to it, the most likely thing is that there will no longer be any value left.
Anyway.
Besides all the technicalities, I'm a strong believer that Vegas makes money by exploiting human nature. Simple as that.
The majority are happy to give their money away, and if by chance they end up winning they are sure to give it back at the next available chance.
The Miami play seems like a good one.
I wouldn't play it because of the initial line posted though.
You should look at the matchup.
It's all in the matchup