What does the late move in MLB indicate from the books side?
For example a ml crashing dOwn in last 30 minutes before game from -145 to -125? or the combined points @ 7 going from -118 to +105
hockey216
SBR MVP
08-20-08
4583
#2
means they got heavy action on the other side. book moves to balance both sides. if someone comes in and lays a ton of money on the underdog, the favorite will move from -145 to -125. i dont think the timing being early or late has anything to do with it. but it probably means someone waited for the line to move all day with the public betting, then hammered it with the extra value. For example, fav opened -125 and dog was +115. if public is on the favorite, guy waits until just before game to bet the dog because he'll get more value, when fav is -145 and dog is +130. so he hammers +130. then the big better (or betters) causes line to move.
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hockey216
SBR MVP
08-20-08
4583
#3
you might get a better response from a more experienced bettor about this in "sportsbooks/the industry" section. Just looks like a lot of late money coming in on the underdog to me.
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keel44
SBR MVP
08-01-09
3363
#4
The question is, do you follow that movement or go against it?
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thebestthereis
SBR Posting Legend
03-01-09
11459
#5
It doesn't just mean money they respect certain bettors or outfits
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Thehusker
SBR Sharp
04-27-11
415
#6
so it could mean some1 sharp is placing on one side...would you say late $ is smart $ ?
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vcj16
SBR Sharp
07-08-09
379
#7
early money is sharp money. pay attention to the opening line at pinny
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bostonboss
SBR MVP
02-04-09
3169
#8
could be reverse line movement as well........always good to check sites to see where the money is percentage wise............
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CappinTerp
SBR Hall of Famer
11-26-09
9650
#9
Remeber 1 thing the " smart money" is not always smart.!!
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hockey216
SBR MVP
08-20-08
4583
#10
Originally posted by vcj16
early money is sharp money. pay attention to the opening line at pinny
can you explain? I was always told to go against the movement for the extra value. for example, in NBA, getting 1-2 points extra on every game helps bigtime down course of season.
but im not that experienced. would love for some experienced guys to help me better understand this.