Never forget -- wiseguys have plenty of losing days, losing weeks, even losing months. Casual bettors can sometimes get nervous or be reluctant stepping in front of ‘sharp’ money.
There are a TON of misconceptions about ‘wiseguys' and how they bet among the recreational players. On Friday's SportsBIT Teddy and Pauly do what they do, dishing all kinds of betting tidbits for Game 4 of the Warriors – Cavs series, as well as a ‘Play of the Day' recommendation for that game. Teddy and Pauly do a Deep Dive into the 2016 Houston Texans, lined at Over/Under 8.5 wins. They analyze the top MLB game of the night, showing why Clayton Kershaw is worthy of being a -155 favorite on the road against Johnny Cueto and the Giants.
But, like on just about every SportsBIT show on every weekday, Pauly and Teddy make sure to drop a handful of truly informative nuggets for bettors of all types. Today's show offers some real insider info, talking about how and why the syndicate bettors work, and why recreational bettors shouldn't be shy about betting AGAINST the so-called sharp money.
The discussion begins with a thorough breakdown of the just -concluded Astros – Rangers series. There were big line moves in all four games of the series; indicative of heavy syndicate betting action. All four line moves were wrong; as the books beat up on the sharps. This is not an unusual occurrence!
Volume bettors – syndicates, wiseguys; whatever you want to call them – are in action on multiple games every day. Their goal is not to handicap the card in the same sense that recreational/casual/square bettors do (all three terms mean essentially the same thing). No, syndicate bettors are all about volume, getting little edges and pressing them over time. They also have much deeper bankrolls than casual bettors, better able to withstand a series of wrong opinions.
This might be the most important point of all. Never forget -- wiseguys have plenty of losing days, losing weeks, even losing months. Casual bettors can sometimes get nervous or be reluctant stepping in front of ‘sharp' money. But remember, the sharpest of that money isn't betting the closing line – they're betting the openers, or close to it. So if the sharps love Houston at +100, it doesn't mean they'll love the Astros at -130. At that price, there's often legitimate value betting AGAINST the sharp money.