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Do you believe that the point spread in sports betting is purely financial?
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You may think that the point spread that's used in making lines for NFL, college football, NBA and college basketball games and the run line in MLB and puck line in the NHL are devices designed to indicate a final outcome of a specific game. Anyway, Do you believe that at some level, the point spread in sports betting is financial?
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05.02.2015, 10:20
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Hey man, very interesting question. I think you know that the point spreads are created by expert odds makers who love sports and betting and who know both inside out.

The reason why they exist is pretty simple - to help ensure that there will be action on both sides. Sportsbooks want bettors to wager on both teams. Why? If bets are spread evenly that means that the books can make money on whichever team wins. If sports bettors are wagering on one team heavily and that team wins, then the books can end up losing a whole lot of cash.

So, if you want to put it this way, you can say that at some level, point spread in sports betting is in fact purely financial. Sportsbooks don't create the point spread for you to win, they set them in order to make money.
05.02.2015, 11:30
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Still, no odds maker is 100% effective, overall these dilligent workers are pretty effective in doing just that.

But the best ones can make the life of a bettor a hell, or at least more difficult. Anyway their only role is to check if the odds even out the action, then their job is done.

if you are a bettor you need to try to understand how an odd maker creates a line, this can be very helpful for you. If the odds maker job is to even out the ledger when it comes to how many bets are being placedon each team, then the sports bettor job is to ensure that they are on the winning side of that point spread.
10.02.2015, 08:47
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milano4ever
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Well, I believe that with point spread is as it is with any process. There are definitely some standard procedures that most odds makers use when they devise point spreads.

So the primary tool that this people use is power rankings, which weigh various aspects of each team that contribute to a team's strength. A power ranking is a numerical expression of the value of each team.

These rankings are adjusted after each game and are influenced by various factors.

10.02.2015, 10:59
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grefstad01
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A team's power ranking can change due to trades, injuries and recent performance. Once the odds maker creates a preliminary line, they really get down to work by comparing match-ups, how the two teams have played against one another recently, and outcome against similar teams.

Still, most odds makers will consider the local perception of each club. How do the sports writers who know each team so well, perceive them and what does the public think about each club? Also, what's the take on the game by the players, coaches and front office?
10.02.2015, 11:17
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The odds maker needs to be able to project which team bettors will naturally take and how much of a spread is needed to ensure that there is even action. This is what a odds maker needs to do when creating the spread or line.

Also, they need to consider recent betting patterns. So the question that they ask is rather it was one of this week's teams heavily bet last week and did it win? Does the public see the club as being on a roll and tough to beat? Or is a large percentage of the action going to go to that club?
 
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