1. 03-17-10 01:15 PM #1
    woodsen2
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    What does 'chasing steam' mean?

    And why is it considered bad by sportsbooks?
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  2. 03-17-10 01:45 PM #2
    Dunder
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    Where a line has moved significantly at most books but remained the same (or moved only slightly) at the book you bet with. Betting the side that all the money is on is "chasing steam".

    Books donīt like it because on most occasions you would have a mathematical edge on them.
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  3. 03-22-10 05:35 PM #3
    moonbeam
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    Quote Originally Posted by Dunder View Post
    Where a line has moved significantly at most books but remained the same (or moved only slightly) at the book you bet with. Betting the side that all the money is on is "chasing steam".

    Books donīt like it because on most occasions you would have a mathematical edge on them.
    Good explanation. But I still donīt understand it.
    So the better books call it a "steam" and the worse oneīs a "bad line"?
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  4. 03-22-10 05:44 PM #4
    Dunder
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    Quote Originally Posted by moonbeam View Post
    Good explanation. But I still donīt understand it.
    So the better books call it a "steam" and the worse oneīs a "bad line"?
    Not really. A line that is off-market because the book has been slow to react is not going to be called as a bad line (unless we are talking about in-play/live betting). I would term such a line as "stale".

    The bad books too often call it a bad line when their initial/early odds are off-market, whereas the better ones do this generally, when it is a genuine mistake.
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  5. 03-22-10 06:20 PM #5
    moonbeam
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    Hm, I guess that is what I meant
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