Where is the value, you think?

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  • the_fredrik
    SBR Hustler
    • 03-27-07
    • 72

    #1
    Where is the value, you think?
    Right now, there are the following odds on a major game ML available:


    ...............PINNACLE.......BOOKMAKER. ....LOTS OF SMALL BOOKS
    TEAM A.....+180.............+160............. ..+160
    TEAM B.....-200.............-190................-180

    What conclusions can you draw based on this?

    a) nothing
    b) TEAM B at -180 is probably a value bet

    What do you think?
  • JohnAnthony
    SBR Hall of Famer
    • 04-30-09
    • 5110

    #2
    wtf? which team do you think is going to win? take the best price, go home.
    "I have never seen a wild thing feel sorry for itself. A little bird will fall dead, frozen from a bough, without ever having felt sorry for itself."

    - D.H. Lawrence
    Comment
    • the_fredrik
      SBR Hustler
      • 03-27-07
      • 72

      #3
      I dont have an opinion, I am wondering if people believe in the "pinnacle-lean" hard enough so that there is value in betting against it.
      Comment
      • dimon
        SBR MVP
        • 08-14-09
        • 1159

        #4
        well seems like team "B" is a value based on the Pinnacle sharpness of their lines
        Comment
        • Mr. Peepers
          SBR MVP
          • 09-22-09
          • 1425

          #5
          There is no value in picking a loser
          Comment
          • durito
            SBR Posting Legend
            • 07-03-06
            • 13173

            #6
            -180 Probably has value, but not much. What sport?

            The rest of you need to stay out of the think tank.
            Comment
            • Peregrine Stoop
              SBR Wise Guy
              • 10-23-09
              • 869

              #7
              Originally posted by durito
              -180 Probably has value, but not much. What sport?

              The rest of you need to stay out of the think tank.
              +1
              Comment
              • Rich Boy
                SBR Hall of Famer
                • 02-01-09
                • 9714

                #8
                If thats a closing number on NBA/NFL/NCAAF/MLB/NHL I would guarantee value on B at "other books"
                Comment
                • IrishTim
                  SBR Wise Guy
                  • 07-23-09
                  • 983

                  #9
                  Originally posted by JohnAnthony
                  wtf? which team do you think is going to win? take the best price, go home.
                  Spoken like a losing gambler. Ever heard of expected value? It's worth it to bet on a line that's set at +280 if you think/calculate it to be +225, even if you don't think it's going to win on this particular night.
                  Comment
                  • JohnAnthony
                    SBR Hall of Famer
                    • 04-30-09
                    • 5110

                    #10
                    Originally posted by IrishTim
                    Spoken like a losing gambler. Ever heard of expected value? It's worth it to bet on a line that's set at +280 if you think/calculate it to be +225, even if you don't think it's going to win on this particular night.
                    Thank you IrishTim.

                    I figured the only way you veterans could come here and explain is by having someone to bash at. Really, an answer like durito's might be right but not compelling to a gambler like me, so I figured it's better off throwing it like this.

                    Anyway, I'm learning more and more about EV, line movement and shopping as I ask more and more stupid questions and make more losing gambler statements.

                    Thanks again!
                    "I have never seen a wild thing feel sorry for itself. A little bird will fall dead, frozen from a bough, without ever having felt sorry for itself."

                    - D.H. Lawrence
                    Comment
                    • the_fredrik
                      SBR Hustler
                      • 03-27-07
                      • 72

                      #11
                      The sport was NFL Miami-Carolina last night, and no it is not the closing line (then it is useless, you don't have any time to bet!) but it was around 12 hours before game start. The interesting thing is, at that point, is -180 a good bet???

                      As a side note, around 10 hours before game start the pinnacle line for Miami dropped to +173, which shows one of the "risks"...
                      Comment
                      • BubbleBobble
                        SBR Sharp
                        • 11-04-09
                        • 293

                        #12
                        Hard to find value in NFL lines with no public team involved, and neither Carolina or Miama is one.
                        +180 on the Pinny side means prolly just that they had some more action on the Panthers.
                        They didn't offer a scalp number, imo -180 had no value here.

                        Don't forget that Pinny's website is automated, they have a weak number themselves often enough because of that.
                        You have to watch places like Matchbook also.
                        Comment
                        • LLXC
                          SBR Hall of Famer
                          • 12-10-06
                          • 8972

                          #13
                          Haven't they already debunked the Pinnacle edge theory?
                          Comment
                          • Arilou
                            SBR Sharp
                            • 07-16-06
                            • 475

                            #14
                            LLXC, it is essentially impossible to prove or disprove such a theory as it is statistical, the edge either way is relatively small and no two people agree on when and where the lean actually shows up. However, I do find it interesting that option C, that +180 is value, is not even on the list of choices, and it seems unlikely that the price here is EXACTLY -180 on the favorite! That would be an awfully big coincidence.

                            Best advice is that you've being given a chance to bet for free, since +180 and -180 are both on the table, so you can feel free to bet on either team if you have a good reason. One good reason would be that this is on a ML, so if the spreads agree across books you can decide what you think the fair ML for this game should be.
                            Comment
                            • IrishTim
                              SBR Wise Guy
                              • 07-23-09
                              • 983

                              #15
                              Originally posted by JohnAnthony
                              Thank you IrishTim.

                              I figured the only way you veterans could come here and explain is by having someone to bash at. Really, an answer like durito's might be right but not compelling to a gambler like me, so I figured it's better off throwing it like this.

                              Anyway, I'm learning more and more about EV, line movement and shopping as I ask more and more stupid questions and make more losing gambler statements.

                              Thanks again!
                              First of all, I apologize for bashing, that wasn't my intention. Second, I'm not a veteran by any means. There are only a handful of veterans here, but they are certainly worth listening to if you are serious about making money.

                              Your statement that essentially said "just pick who you think is going to win" is a pretty unsophisticated approach to sports betting. That kind of thinking is for the guys who bet more for the entertainment value it provides than actually making money--which is perfectly fine, people pay for entertainment in all different forms and in my opinion, there are certainly worse ones that sports betting as long as it is controlled.

                              For instance you can have TEAM A at -450 and TEAM B at +390. I might think TEAM A is going to win, but bet on TEAM B because that's where I have calculated the value to be.

                              We're all here to learn and hopefully contribute. Best of luck this weekend
                              Comment
                              • TPowell
                                SBR Posting Legend
                                • 02-21-08
                                • 18842

                                #16
                                bet the team you think will win, simple concept guys, right Durito???
                                Comment
                                • IrishTim
                                  SBR Wise Guy
                                  • 07-23-09
                                  • 983

                                  #17
                                  Originally posted by TPowell
                                  bet the team you think will win, simple concept guys, right Durito???
                                  ...with no regard for line movement? I hope that's sarcastic.
                                  Comment
                                  • mihaita666
                                    SBR Hall of Famer
                                    • 09-13-09
                                    • 8596

                                    #18
                                    dude, for your plays you look for certain odds ? cuz im looking for the team i think will win, then i look at the odd.if team b has that odd, that's because generally, people bet on something, most of them bet on over, let's say
                                    Soccer record (2010) : 244-160-24
                                    2010-2011 season (soccer) :
                                    144-95-11
                                    NBA Record (2010-2011 season) :
                                    17-12-1


                                    Comment
                                    • xyz
                                      SBR Wise Guy
                                      • 02-14-08
                                      • 521

                                      #19
                                      With this market snapshot, it is very likely that you will find odds for TEAM A to be better than +180 on Matchbook, which will give you a small profit by arbing at Matchbook and one of the small books. Slight chance that Matchbook may have better than -180 on TEAM B at that time. If it did, it would not last 2 to 3 seconds max for a NFL game. The big boys on Matchbook would snag that up quick.

                                      Originally posted by the_fredrik
                                      Right now, there are the following odds on a major game ML available:


                                      ...............PINNACLE.......BOOKMAKER. ....LOTS OF SMALL BOOKS
                                      TEAM A.....+180.............+160............. ..+160
                                      TEAM B.....-200.............-190................-180

                                      What conclusions can you draw based on this?

                                      a) nothing
                                      b) TEAM B at -180 is probably a value bet

                                      What do you think?
                                      Comment
                                      • TPowell
                                        SBR Posting Legend
                                        • 02-21-08
                                        • 18842

                                        #20
                                        Originally posted by IrishTim
                                        ...with no regard for line movement? I hope that's sarcastic.

                                        keep throwing money on something you have no idea on and see what happens. You can't predict line movements when you dont know the game
                                        Comment
                                        • Rich Boy
                                          SBR Hall of Famer
                                          • 02-01-09
                                          • 9714

                                          #21
                                          everyone here is an idiot
                                          Comment
                                          • Rich Boy
                                            SBR Hall of Famer
                                            • 02-01-09
                                            • 9714

                                            #22
                                            including me
                                            Comment
                                            • the_fredrik
                                              SBR Hustler
                                              • 03-27-07
                                              • 72

                                              #23
                                              Thanks for your comments. I agree Arilou, option C should be an option too for completeness sake (although I do not believe in it)

                                              I agree that Matchbook should also be checked. My odds snapshot was early on game day, so the Matchbook market was still small and wide (+177 / -197 or something like that, from memory..)

                                              I have arrived at the thinking that the best guess at "correct" odds is probably around +180/-180, but there is no clear value on either side (so no bet for me!)
                                              Comment
                                              • filter15
                                                SBR Wise Guy
                                                • 11-05-09
                                                • 549

                                                #24
                                                nba
                                                Comment
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