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An introduction to expectations and theoretical hold

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#16

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  1. Although a book would expect to make 4.55% in the case of balanced action. Balanced action does NOT necessarily mean an equal amount bet on each side (it would only mean that were both sides of the bet offered at the same line, such as, say, -110/-110 or -105/-105) but rather that the amounts bet on each side are in proportion to the implied line set win percentage. For example, given a line set of -210/+190, balanced action would imply about 66.27% (the implied favorite win percentage) of bet value coming in on the favorite.

THIS IS PRECISELY WHY ONE NEEDS TO ALWAYS BE AWARE OF THE LINE IF THEY ARE AT THE VARIOUS SITES THAT PROVIDE THE PERCENTAGES BET ON A PARTIULAR TEAM.
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#19

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Quote Originally Posted by Fishhead View Post
  1. Although a book would expect to make 4.55% in the case of balanced action. Balanced action does NOT necessarily mean an equal amount bet on each side (it would only mean that were both sides of the bet offered at the same line, such as, say, -110/-110 or -105/-105) but rather that the amounts bet on each side are in proportion to the implied line set win percentage. For example, given a line set of -210/+190, balanced action would imply about 66.27% (the implied favorite win percentage) of bet value coming in on the favorite.
THIS IS PRECISELY WHY ONE NEEDS TO ALWAYS BE AWARE OF THE LINE IF THEY ARE AT THE VARIOUS SITES THAT PROVIDE THE PERCENTAGES BET ON A PARTIULAR TEAM.
I've been trying to understand what benefit the books gain by sharing their market % info with places like Sports insights, this nails it. ty
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