I started this in the Super Bowl thread and had plenty of disagreement. It's a good discussion and I'd like to continue it here now that the big one is over.
I think one of the biggest misconceptions in sports gambling is people believing because one side is heavily wagered on and is considered a "public play" that all the money must be on the "public play" side.
My assertion is we simply have no way of knowing exactly how much actual money is wagered on either side of any given play. If someone can provide the "how" you know. I'd love to see it.
For example...
Denver is favored by 2.5 with 75% of the public on them against Seattle.
How do we know for certain that the 75% makes up the majority of the money wagered on the side? Of course, when they come up with numbers after the fact, you can tell where the money went but how about before?
How do we know the sharps didn't put a majority of the money on the 25% and the small timers didn't put a majority on the 75%?
The books will never release this information to the public before the game begins. The information simply isn't out there. If it is, I'd love to see it.
Thoughts?
I think one of the biggest misconceptions in sports gambling is people believing because one side is heavily wagered on and is considered a "public play" that all the money must be on the "public play" side.
My assertion is we simply have no way of knowing exactly how much actual money is wagered on either side of any given play. If someone can provide the "how" you know. I'd love to see it.
For example...
Denver is favored by 2.5 with 75% of the public on them against Seattle.
How do we know for certain that the 75% makes up the majority of the money wagered on the side? Of course, when they come up with numbers after the fact, you can tell where the money went but how about before?
How do we know the sharps didn't put a majority of the money on the 25% and the small timers didn't put a majority on the 75%?
The books will never release this information to the public before the game begins. The information simply isn't out there. If it is, I'd love to see it.
Thoughts?