An alarming pattern has started this year in college football. Every Thursday
afternoon (around 1 p.m. EST), there's been a flurry of action on a limited
number of games. The enormous amounts of money pouring in during this "witching
hour" are causing massive line movements - in some cases, we're seeing a 4-point
move in less than 10 minutes. Some say this is the handiwork of handicapper Dr.
Bob. Others blame it on syndicate action from Taiwan, China or Israel.
Regardless of the source, these line movements are bad news for sportsbooks. When we take one-sided bets on a football game at
Pinnacle
Sportsbook, we adjust the moneyline price to encourage or discourage action.
The price is like a control-valve on a dam, controlling how fast the money flows
on a given game. If the market price on a game is "Ohio State -14 (-110)", we
have two ways to slow down bets on the Buckeyes. We can offer Ohio State at -14
(-111), which is what we call a "stopper" - no one wants to pay this price if a
better one is easy to find. We can also adjust the spread off the market price
to -14.5 (-105), but the danger whenever you adjust a spread though is that you
risk getting sided or middled. Under normal situations, either of these
techniques will help control our position. The problem with these Thursday morning steam-plays arises from how fast a
book can get slammed with bets. Price adjustments and even minor spread
adjustments do not slow these bettors. If a sportsbook takes many limit bets in
a 20-second window, it's stuck with a very bad position after a 4-point line
movement. Each time this happens, an oddsmaker might expect to lose $0.15 for
every dollar bet in that time frame (from middles and the cost of offering a
good price on the other side). A high-volume shop like
Pinnacle
Sportsbook can trade its way out of a bad position, but lower volume books
can be decimated by this. Most steam plays tend to be long-term winning plays (as long as you get the
pre-move price), and these Thursday plays are no exception. Many players are
starting to watch for steam plays Thursday morning, and blindly bet them at
slower-moving sportsbooks. This "echo" makes the initial surge even more
terrifying for some line managers. Regular players can make money off these line moves by simply watching the
odds screen Thursday mornings. When you see the lines begin to move, bet at
smaller books - especially those that offer first-half lines. These types of
derivative lines often move slower than game lines. This gives patient players
the option to middle the first half once the lines stabilize. If you manage to
play a side before a steam-move of at least two points, you can usually scalp
the new number at Pinnacle Sports Betting using point-selling and our 10-cent
line on college football which offers up to 50% better value than other sports
books. What are the players betting at
Pinnacle Sportsbook this week? Notre Dame -14 +103 at Navy This game opened with the Irish listed at -14 (-105). While the game has been
heavily-traded with fairly balanced action, market drift has made Navy more
expensive - they are now trading at +14 (-113). The wise guys have been
reluctant to pick one side, possibly uncertain how Navy will perform with the
loss of starting quarterback Brian Hampton, due to a knee injury sustained in
Navy's 34-0 loss to Rutgers. Northern Illinois at Iowa Over 49 -101 There are fewer sharp players specializing in totals compared to sides.
Consequently, we see fewer sharp positions on totals this early in the week, but
this game is an exception. This total has been heavily traded, and our sharper
players are on the over, while the public is backing the under at a ratio of
2-to-1. The high public volume drove down the opener of 52 (-105). When public
money greatly outweighs sharp action, it suggests that more sharps could feed on
the total than they are currently doing. Arizona +3.5 -109 at Green Bay The opener of Green Bay -3 (-112) drew heavy action on both sides, but the
public favored the Packers by nearly a 2-to-1 margin. As is often the case, the
sharps lined up against the public, backing the Cardinals this time. A few wise
guys played the Cardinals earlier, buying a full point up to +4.5. Some of our
readers have asked us whether these players are truly sharp if they frequently
buy through the "4". Our definition of a sharp player has two requirements:
he/she tends to beat the closing line and tends to win long-term. We mention
unusual sharp activity (such as buying through the "4") not to encourage our
readers to do this blindly, but to offer an insight and angle to explore. St. Louis +9 -111 at San Diego Our opener of Rams +10 -110 drew heavy volume, with the public favoring St.
Louis. The sharps were on both sides of the game, suggesting it might be a good
game to avoid. The reason being that if two 54% handicappers are on opposite
sides of the same game, they can only hope to hit 50% on that match-up, which is
a losing proposition. Simon Noble is a sports handicapping commentator for
Pinnacle
Sportsbook.
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