can somebody tell me what is chasing steam means in gambling terms?
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http://www.bookmakersreview.com/c/Be...cleSports.com/
Chasing Steam
This technique of playing off market numbers shouldn’t be confused with chasing "steam", which is a bad bet in the long run. If a line moves more than 1.5 points in an hour, the movement is called "steam" and people betting in the direction of the move are making "steam plays". If you don’t know why a number is moving fast, it’s better to pass unless you can find and play at the original quote before the odds moved elsewhere in the market. When there is a big steam play, there are two groups who profit: the originators/first takers who caused the steam and those that switch sides after the line movement (often the first takers). The players taking a number 1 to 1.5 points worse than the first takers are likely to lose in the long run.Comment -
Obviously, something that pretty much all the books frown upon, to say the least. The books would certainly let you know what steam is if one were to make a habit of chasing it.....Comment -
As Stumpage said, this is something you really want to think about. Of all the reasons for a book to ban you and lower graded books to just plain steal your money, steaming chasing is ranked arguably #1. So if you were just asking for the knowledge of the term then okay, but for anything else, think carefully about it.
BoL,
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