I have noticed that when you beat the closing line by few cents, its +ev in the long run. But anytime when you beat the closing line by a lot ...lets say 25 cents or more, the pick loses more often. Its insane. Especially in baseball.
I had Colorado -1.5 at +110. Closed around -116 and its on it ways to lose. Same for anyone who bet the moneyline early...they beat the closing line by more than 30 points and it will be a stinker if it loses. Should probably hedge in the future.