I'm a relatively new bettor and I'm still trying to work out what it means when a spread underdog has negative odds. What is it telling us about the book's actual thoughts on who will win? Is it telling us something about public betting?
The example would be tonight's game, Baltimore @ Detroit. The Ravens are +7, but with -140 odds right now (Bovada). The Lions are -7 (+120). But then on the moneyline, the Ravens are +190 and the Lions are -230.
Bear in mind, the spread odds only 12 hours ago were Ravens +7 (-115), Lions -7 (-105). 6 hours ago it moved to Ravens +7 (-130), Lions -7 (+105).
Why are the spread odds moving, but the spread itself isn't budging? I've heard a few things about the books trying to dupe bettors into certain kinds of bets - is that what's happening here? I thought that if the public was dumping money one way, then the spread would move to slow it down.
Thanks guys. I appreciate any insight any of you might be able to provide...
The example would be tonight's game, Baltimore @ Detroit. The Ravens are +7, but with -140 odds right now (Bovada). The Lions are -7 (+120). But then on the moneyline, the Ravens are +190 and the Lions are -230.
Bear in mind, the spread odds only 12 hours ago were Ravens +7 (-115), Lions -7 (-105). 6 hours ago it moved to Ravens +7 (-130), Lions -7 (+105).
Why are the spread odds moving, but the spread itself isn't budging? I've heard a few things about the books trying to dupe bettors into certain kinds of bets - is that what's happening here? I thought that if the public was dumping money one way, then the spread would move to slow it down.
Thanks guys. I appreciate any insight any of you might be able to provide...