Chasing Steam and the Buy back

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  • john230
    SBR Wise Guy
    • 07-24-11
    • 721

    #1
    Chasing Steam and the Buy back
    One of the problems with chasing steam for the rec better is you don't know if it's a legit position, or a "buy back" opportunity for the big hitters. If the early steam money comes in and moves a line 1.5 points higher on the favorite, the syndicate can "buy back" and take a bigger position on the dog. So it may look like the favorite was the steam play, when in reality it's the dog they like.
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