There's no «right» way to arrive at a price yet oddsmakers typically have their hands forced to an extent by the market Rather than going rouge, hanging a line at -2.5 for a football game when other books sit -3 says enough about taking a strong position instead of just using pick and then being shocked
when every public bettor and professional buries PK.
Not exact matches
It's worth noting that although home - field advantage has been historically overvalued by college football
bettors, the exact opposite is true
when betting against the
public.
They understand the factors driving
public betting and shade their lines accordingly to force square
bettors to take bad numbers
when playing the popular side of a game.
Public bettors are prone to taking the underdog
when two ranked teams play each other, and Saturday's game has been no different.
When they're being pounded by
public bettors, those results diminish significantly.
Due to increased
public attention, bowl games provide opportunities for contrarian
bettors to find extra value
when betting against the
public.
Most
public bettors still tend to back favorites, and
when mixed with the unpredictability of the bowl season, unpopular underdogs tend to cover more often than not.
Clearly ranked favorites have offered value
when they're being ignored by
public bettors, which should come as no surprise to anybody who has been reading this column throughout the season.
For that reason,
bettors need to identify heavily bet games with extreme levels of
public betting
when backing contrarian favorites.
Overs: 38 - 25 (just 4 - 8 since Round of 32
when betting tickets for O / U really increase) Majority of
public bettors has been on the Over in 60 of 64 games
Home teams are particularly undervalued
when they're being avoided by the majority of
public bettors.
The other way
bettors can easily identify sharp money is by looking for reverse line movement, which is
when a line moves against our
public betting percentages.
This gives
bettors a good indication of where sharps are betting, and it also helps distinguish sharp vs.
public action
when these lines are available around the entire market during the season.
We believed that oddsmakers would shade their lines to account for that
public betting, which would create value for opportunistic
bettors — especially
when the volume ticks up in the playoffs.
As I explained in the Game 4 preview, élite playoff teams have provided tremendous value
when they're
public bettors are backing their opponent.
When they're also being avoided by
public bettors (receiving no more than 30 % of spread tickets) that record improves to 1,245 - 1,162 ATS (51.7 %).
This shows a slight edge for contrarian
bettors, but that is magnified
when we look at increasingly lopsided
public betting.
As we often see
when two top ranked teams face off,
public bettors have been more than happy to take Michigan State and the points.
When the spread is less than three - points,
bettors often gravitate towards the moneyline, and we have seen similar one - sided
public betting on the Steelers to win straight up.
Since a majority of
bettors are long - term losers, we have found a betting edge
when betting against the
public in the NFL.
This season no game has seen less than 22 % of
public bets on the over, and the first profitable data point comes
when there are less than 35 % of
bettors taking the over (21 - 19, +1.97 units).
Our past research indicates that
bettors have a slight advantage
when betting against the
public, but that edge is magnified
when focusing on underdogs of more than 10 points.
The table below displays how visiting teams have performed
when they are not being backed by
public bettors.
Keep in mind that this poll (or any other) means little to nothing
when setting a spread for a game, but it provides a great indicator of
public perception and how
bettors will respond to these teams in the market.
In the past, we have explained that
public bettors tend to overvalue ranked teams — especially
when they're facing an unranked opponent.
Over the past few years, we have constantly explained that
bettors can take advantage of
public perception by betting against ranked teams — but what happens
when two ranked teams square off?
Public bettors so far are jumping on Michigan State, which is different from the norm
when dealing with a Notre Dame game.
Since oddsmakers can easily predict this behavior, sportsbooks react by shading their lines and forcing
public bettors to lay extra points
when betting on favorites and overs.
Oddsmakers can accurately anticipate one - sided action from
public bettors, and they react by shading lines to force «square»
bettors to take bad numbers
when playing the popular side of a game.
Since 2005, NBA road teams have gone 7,053 - 6,776 ATS (51.0 %) and that record improves tremendously
when they're being ignored by
public bettors.
These results indicate that betting against the
public becomes a far more profitable strategy
when bettors are ignoring the visiting team.
Oddsmakers can accurately anticipate one - sided action from
public bettors and react by shading lines to force these
bettors to take bad numbers
when playing the popular side of a game.
Public perception artificially inflates lines and sharp bettors can capitalize on these market overreactions by zigging when the public
Public perception artificially inflates lines and sharp
bettors can capitalize on these market overreactions by zigging
when the
publicpublic zags.
Public bettors are high on their starting rotation and
when it's completely healthy, it's one of the best in the league.