Betting percentages on the King of Covers Contest.
Edmonton/Ottawa OVER 59%
BC/Sask OVER 58%
Winn/Ham UNDER 57%
Lions -2 71%
Eskimos +2- 65%
Bombers -2- 63%
We have a reverse line movement game in the Redblack game....some people swear by this, which is when the public picks one side and the line moves the opposite way. Commonly, but not always, the public loses in this case. According to others, it means that "smart" and/or "big money" has gone against the public. It doesn't happen often in the CFL, but it often does in NCAA football and when it does there is always a call that Billy Walters has entered the building. A lot of it is rumors and inuendo that fly around and very few people actually really know who's behind reverse line movement and books aren't all that keen for others to know the who and the why.
Walters made a ton in college football, but his winning percentage was about 55% to have made his fortune. And that is a lesson for new bettors, making a fortune was done by hitting a ton of singles first and then the homeruns came later. Hitting singles should be your emphasis for the first 10 years of your betting life....wish I had a guy that told me that when I started out.
The books have done their job with the Bomber/Tiger Cat total as the majority are on the UNDER. Bookmakers in their perfect world, are like the discount stores of the world....they make junk look attractive by pricing it "on sale" and what (mostly) women would not normally buy, they will because the price is sooooo attractive.
"Honey I got it on sale."
"Yeah, did you get my beer?"
Covers' contest are a great way to find out what the public is thinking...I estimate the public is wrong about 55% (there's that percentage again) of the time. Some that want to learn can use those percentages to get off a play that they "love", and a very, very few will just fade who the public loves.
I actually use a smilar filter in college football. I bet away underdogs almost exclusively and if the covers contest has my indicated away dog at over 50% of the public on them, my play becomes a no-play. I've found that despite a historical 60% covering percentage for my indicated plays, if the public is in love with them, the covering percentage becomes around 45-50%.
if anyone wants to dedicate themselves to this, take a look at the KOC list this year and look at the away underdogs that the public likes...if greater than 50% of the picks are on the dog. and you keep track this year, you'll see that they will cover less than 50% of the time. In the past I've gone back over at least 5 years of past betting history to check this out....they never win over the course of a season.
This year in NCAA college football the public so far likes FIU +17 in week 1 to cover over UCF.