Posted:
#1726
Continuing:
The lines and odds by SportsMavin - Part 2
So, after the line and odds have been released by LVSC, doctored by the Books, changed by the wagers placed by the Wise Guys and the Sharps - the general public gets it's turn. The general public bets first wave is influenced by all kinds of so called "experts" who either sell their picks or generally sell but sometimes released them for free. Touts if you will. They usually release their picks early and their clients - some big and some small - all take a shot. The line changes again or does not change - depending on the volume of the bets. And at this stage - the books are applying reevaluation tools while the traders from most books cooperate on an effort to balance the bets using the tools at their disposal. Why balance the bets? The easiest way for the books to make earnings is through the Juice. If it was up to them - they would never tamper with any lines or odds as long as all the bets would be balanced evenly and the juice and the public losses on parlays and live betting(yes, parlays are a great income source for the books as are the live betting consoles) would be only source for their gain. But, the bets not always are balanced because they can't catch up to the money wagered with releasing appropriate lines/odds and are forced to artificially change the lines and odds in that case. It does not happen very often and only reducing a risk factor for them and is called Reverse Line Movement initiated by the books. The other kind of "RLM" is only a virtual RLM and is seen by us when most public bets are on one side while the line moves the other way because some fat money bets being placed. So, two occasions when the "public is on one side"(actually most bets, but not most of the money) and the line moves opposite - "kosher RLM", and "Non Kosher RLM" when the fat money as well as the majority of the bets are on one side and the line moves to another as a result of books initiated RLM to make us think where the game is going to.
Must be noted that among the tools the books use to manipulate public into betting on a certain side they're sure they'll have a hard time to balance the bets for are Media, Touts in their service.
So, when we say we are rolling with the book, we have to know which way the book is really rolling.
To be continued...
