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re: OFFICIAL Week 8 CFB bet thread™

Posted on 10/16/14 at 1:27 pm to
Posted by ChemE in the OP
The Flats
Member since Apr 2011
6382 posts
Posted on 10/16/14 at 1:27 pm to
Let's use Seahawks at Rams this weekend as an example... SEA is getting 94% of the bets but the line is holding steady at 7.

What are the reasons that line would hold? Huge wagers on the smaller percent? The sportsbook comfortable with the number and taking a stand? Would you prefer to be on the same side as the large wagers and sportsbooks or the average bettor? What about when the line moves against the larger percentage, what does this tell us? General public likes FAVs and overs as well... How much value is derived by taking dogs and unders alone?

Questions worth pondering...
Posted by kidbourbon
Member since Jul 2009
1306 posts
Posted on 10/16/14 at 1:27 pm to
quote:

The only way to bet is to make a line,


Question. When you make a line, is your line an attempt at what the vegas line will be, or what the MOV of the game will be?

And do you ever find that these objectives unintentionally conflate?
Posted by kidbourbon
Member since Jul 2009
1306 posts
Posted on 10/16/14 at 1:29 pm to
quote:

How much value is derived by taking dogs and unders alone?


I don't know about unders, but there's virtually no value derived by taking dogs as opposed to favs. There are peer-reviewed articles on this.
Posted by kidbourbon
Member since Jul 2009
1306 posts
Posted on 10/16/14 at 1:32 pm to
quote:

What are the reasons that line would hold? Huge wagers on the smaller percent? The sportsbook comfortable with the number and taking a stand? Would you prefer to be on the same side as the large wagers and sportsbooks or the average bettor? What about when the line moves against the larger percentage, what does this tell us?


And to all this I would ask: are there actual answers to these questions, or are you always going to be speculating based on wildly incomplete information?

And if the latter, and I'm fairly certain it's the latter, then is it really a useful data point or a needless distraction from more probative questions.....like who's gonna win the game.
Posted by Billy Mays
Member since Jan 2009
25531 posts
Posted on 10/16/14 at 1:38 pm to
quote:

I don't know about unders, but there's virtually no value derived by taking dogs as opposed to favs. There are peer-reviewed articles on this.


This is true. The splits are essentially identical.

People have the obsession over home underdogs as well. Stats show that it's still essentially a coin flip if you blindly bet home dogs (I saw the stats recently from 2000 onward in the NFL that showcased this). I think the record was like 180-176. Factoring in juice you'd still be losing money.

A lot of pro gamblers used to only play dogs in general. I would venture to say hardly any stick to that strategy now.

Adapt or die.
Posted by The Boat
Member since Oct 2008
175379 posts
Posted on 10/16/14 at 1:42 pm to
quote:

Let's use Seahawks at Rams this weekend as an example... SEA is getting 94% of the bets but the line is holding steady at 7.

What are the reasons that line would hold? Huge wagers on the smaller percent? The sportsbook comfortable with the number and taking a stand? Would you prefer to be on the same side as the large wagers and sportsbooks or the average bettor? What about when the line moves against the larger percentage, what does this tell us? General public likes FAVs and overs as well... How much value is derived by taking dogs and unders alone?

Questions worth pondering...

Same thing happened against San Francisco. Sharps gonna ride the Rams until it finally pays off I guess.
Posted by kidbourbon
Member since Jul 2009
1306 posts
Posted on 10/16/14 at 1:43 pm to
quote:

A lot of pro gamblers used to only play dogs in general. I would venture to say hardly any stick to that strategy now.


Message board "sharps" surely do.
Posted by blades8088
Covington
Member since Nov 2008
4282 posts
Posted on 10/16/14 at 1:50 pm to
quote:

Let's use Seahawks at Rams this weekend as an example... SEA is getting 94% of the bets but the line is holding steady at 7. What are the reasons that line would hold? Huge wagers on the smaller percent? The sportsbook comfortable with the number and taking a stand? Would you prefer to be on the same side as the large wagers and sportsbooks or the average bettor? What about when the line moves against the larger percentage, what does this tell us? General public likes FAVs and overs as well... How much value is derived by taking dogs and unders alone? Questions worth pondering...


Dead on. Only 3 reasons the books wont move this line up. 7% of the wagers on the Rams are for very LARGE money or the bookmakers truly believe Rams will keep it under 7. As well as knowing if they move it to 7.5 they will get large money if it isnt already on them. Theres no other explanation to say why this line didnt move.
Posted by kidbourbon
Member since Jul 2009
1306 posts
Posted on 10/16/14 at 1:58 pm to
quote:

Dead on. Only 3 reasons the books wont move this line up. 7% of the wagers on the Rams are for very LARGE money or the bookmakers truly believe Rams will keep it under 7. As well as knowing if they move it to 7.5 they will get large money if it isnt already on them. Theres no other explanation to say why this line didnt move.


Glad we all now agree that these "meta" questions are unanswerable based on available data, and thus of no use. Good talk.
Posted by blades8088
Covington
Member since Nov 2008
4282 posts
Posted on 10/16/14 at 1:58 pm to
Your an idiot
Posted by Billy Mays
Member since Jan 2009
25531 posts
Posted on 10/16/14 at 1:58 pm to
quote:

Message board "sharps" surely do.


Some more than others. It all comes down to personal preference.

If you've achieved moderate success taking points, then they will continue to do so, whether or not there are any over-arcing metrics to support doing so.

There's no shame in laying points. If you think playing chalk favorites or laying double-digits hurts your "e-cred", I feel sorry for you
This post was edited on 10/16/14 at 2:00 pm
Posted by Sader1990
Metairie
Member since Jun 2013
1095 posts
Posted on 10/16/14 at 1:59 pm to
quote:

Let's use Seahawks at Rams this weekend as an example... SEA is getting 94% of the bets but the line is holding steady at 7.

What are the reasons that line would hold? Huge wagers on the smaller percent? The sportsbook comfortable with the number and taking a stand? Would you prefer to be on the same side as the large wagers and sportsbooks or the average bettor? What about when the line moves against the larger percentage, what does this tell us? General public likes FAVs and overs as well... How much value is derived by taking dogs and unders alone?

Questions worth pondering...



You always blow my mind in these betting threads and I thank you for that.
Posted by ChemE in the OP
The Flats
Member since Apr 2011
6382 posts
Posted on 10/16/14 at 2:03 pm to
ANYWAY Week 8 NCAAF Card Update:

UL Lafayette +120 200/240 WIN
LSU -9.5 220/200
Georgia -3.5 230/200



Preseason I had LSU -17.5 and UGA -14 on those two lines... Over correction on both accounts.
This post was edited on 10/16/14 at 2:21 pm
Posted by blades8088
Covington
Member since Nov 2008
4282 posts
Posted on 10/16/14 at 2:07 pm to
Post your card before kickoff. Lets see how you really do
This post was edited on 10/16/14 at 2:08 pm
Posted by kidbourbon
Member since Jul 2009
1306 posts
Posted on 10/16/14 at 2:18 pm to
quote:

Your an idiot



Your
Posted by kidbourbon
Member since Jul 2009
1306 posts
Posted on 10/16/14 at 2:19 pm to
quote:

If you think playing chalk favorites or laying double-digits hurts your "e-cred", I feel sorry for you


I agree.
Posted by blades8088
Covington
Member since Nov 2008
4282 posts
Posted on 10/16/14 at 2:20 pm to
Thanks mom! You still suck, as I never see you post plays
Posted by kidbourbon
Member since Jul 2009
1306 posts
Posted on 10/16/14 at 2:21 pm to
quote:

Post your card before kickoff. Lets see how you really do


You pissed off? Ya sound pissed.

I mean, it's cool if you'd rather take pains to analyze what other people think about the game rather than just thinking about the game yourself. To each their own.

Posted by blades8088
Covington
Member since Nov 2008
4282 posts
Posted on 10/16/14 at 2:25 pm to
I sound mad? Im glad you can hear the tone as I am typing letters on my Iphone.
Posted by PurpleAndGold86
Member since Jun 2012
11036 posts
Posted on 10/16/14 at 2:26 pm to
quote:

You still suck, as I never see you post plays




Wow.
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