I watched a video here called "do you have an edge in sports betting?" which said that if on even money bets you beat the closing price by 0.02 then you are set to be a winner (if you pick high enough %)
But then I heard some contradicting stuff from friends, so I'd really appreciate you clearing up this for me.
Today's NBA:
Phoenix Suns vs. Philadelphia 76ers
Phoenix Suns pk opened at +100, I thought it was good so I took it.
now it's at -128. (I know it's not the closing line, but let's assume it'll be)
What does that say about my bet? (not as in win/lose) is that what the SBR member referred to when he said "beat the closing line"? what else can I learn about opening & closing lines, line movement (& perhaps bookie manipulation..?)
Your help is much appreciated,
J.A