Longtime lurker/newbie. What does it mean when 56% of tickets is on team at and 80% of money is on team B? And when 80% is on team A and 80% of money is on team A? Thanks I think I have an idea but.. probablt wrong.
Quick example.....Say a book has taken 100 bets (i.e., 100 people make a bet on the game), with 75 betting on team A and 25 betting on team B.....in this case, 75% of the tickets are on Team A
To take it a step further, assume that the 75 bettors bet $100 each on Team A and the 25 bettors on Team B bet $1000 each on team B....in this scenario, $7500 has been bet on Team A and $25000 on Team B....so, 77% of the money is on Team B and 23% of the money is on team A
The takeaway here is that if you assume larger bettors are sharper, then you can follow the money as opposed to the tickets.......see WKU/Memphis above