Question by : Is it smart to bet on the Las Vegas trends in sportsbook?
For example, I play baseball, and I will see that literally, 99% of people are betting on a run line. Automatically, I know not to oppose it. However, does this mean I should join the lemmings?
Answer by JackAce
No, it’s not smart to bet with the crowd. In fact, with all other things being equal, it’s usually better to do the opposite.
There are two types of people involved in making lines in sportsbooks: Odds makers and book makers.
The odds makers (statisticians) determine the lines based on the past performance of the teams and players, as well as the venue, the weather and hundreds of other factors. These are usually the initial lines that are posted by a sportsbook.
Book makers (accountants) will often change the line if they see too much money coming in on one side of the line. Their goal is to make sure that there is an equal amount on both sides of the line. If there is an equal amount of money on both sides of the line, then the sports book is guaranteed to make money, no matter what the outcome.
If everyone is betting on one side of the line, the sportsbook will eventually move the line in a direction contrary to what the odds makers believe is the true line. If the line moves, then it is usually better to bet against the trend.
What do you think? Answer below!