THE WRAP
A look back at this past weekend from a bettor?s point-of-view
By Jimmy Mason,
Director of Sportsbook Operations,
My Bookie www.mybookie.com
Monday, Nov 8
This was an unconventional weekend at
www.mybookie.com as we had two major line changes, moving the line the opposite direction in relation to all the other sportsbooks in the industry. In other words, we were moving against the moves. The reason for this is simple: we move our numbers according to the action we take. One of the main mistakes many bookmakers make is blindly moving their numbers when they see other bookmakers moving. The presumption being that the other bookmakers must know something they don?t. This is a recipe for disaster, simply because that they are not writing the other bookmaker?s action. They are writing, and should be moving according to their own action!
The first example was Saturday in the NCAA where Tennessee opened as a 7-point favorite. The ?sharpies? got down on Notre Dame early and moved the line down from the key number of -7, to -6 ? dropping as low as -6 in places at kickoff. So, standard logic dictated we too should have been at -6 ?, or -6 as well right? Wrong. Here?s why: we wrote more than 6 to 1 tickets on the Tennessee and simply followed our action. Not only did we not move down to -6 ? to -6, but we actually moved the other way to -7 ?! The ?Irish? being the Jekyll and Hyde team that they are, upset the ?Vols? 17-13 and showed a huge win for the house.
Another odd move against the mainstream that was not quite as kind to us happened the following day in the NFL. The Patriots opened as a -2 point favorite over the home team Rams, but by the time two of the major ?syndicate? betting groups hammered it the line at most sports books switched to the Rams as the favorites by as many as -3 points! A move that strong in the NFL is outrageous! That being said, our customers are not members of said ?syndicate? groups and loved the Patriots to end their losing streak at one. Imagine, while most books were using St. Louis -2 ? or even -3, we still had the Patriots -1!!! Even with our ?off? line, we were flooded with Patriots money. Final score Patriots 40, Rams 22. Good for the player, not for the house. But this was a perfect example of the casual gambler not being afraid to bet against the ?professionals?, and we the bookmaker not being afraid to move our numbers according to our action.
Well, that?s it for this past weekend. Till next week?.
Get in on the action:
www.mybookie.com
A look back at this past weekend from a bettor?s point-of-view
By Jimmy Mason,
Director of Sportsbook Operations,
My Bookie www.mybookie.com
Monday, Nov 8
This was an unconventional weekend at
www.mybookie.com as we had two major line changes, moving the line the opposite direction in relation to all the other sportsbooks in the industry. In other words, we were moving against the moves. The reason for this is simple: we move our numbers according to the action we take. One of the main mistakes many bookmakers make is blindly moving their numbers when they see other bookmakers moving. The presumption being that the other bookmakers must know something they don?t. This is a recipe for disaster, simply because that they are not writing the other bookmaker?s action. They are writing, and should be moving according to their own action!
The first example was Saturday in the NCAA where Tennessee opened as a 7-point favorite. The ?sharpies? got down on Notre Dame early and moved the line down from the key number of -7, to -6 ? dropping as low as -6 in places at kickoff. So, standard logic dictated we too should have been at -6 ?, or -6 as well right? Wrong. Here?s why: we wrote more than 6 to 1 tickets on the Tennessee and simply followed our action. Not only did we not move down to -6 ? to -6, but we actually moved the other way to -7 ?! The ?Irish? being the Jekyll and Hyde team that they are, upset the ?Vols? 17-13 and showed a huge win for the house.
Another odd move against the mainstream that was not quite as kind to us happened the following day in the NFL. The Patriots opened as a -2 point favorite over the home team Rams, but by the time two of the major ?syndicate? betting groups hammered it the line at most sports books switched to the Rams as the favorites by as many as -3 points! A move that strong in the NFL is outrageous! That being said, our customers are not members of said ?syndicate? groups and loved the Patriots to end their losing streak at one. Imagine, while most books were using St. Louis -2 ? or even -3, we still had the Patriots -1!!! Even with our ?off? line, we were flooded with Patriots money. Final score Patriots 40, Rams 22. Good for the player, not for the house. But this was a perfect example of the casual gambler not being afraid to bet against the ?professionals?, and we the bookmaker not being afraid to move our numbers according to our action.
Well, that?s it for this past weekend. Till next week?.
Get in on the action:
www.mybookie.com
