The general betting public likes overs and favorites. Remember, the public likes the glamour teams and scoring, hence their tendency to bet on favorites and overs. Why would a bunch of recreational bettors be loading enough bets on Carolina to move the line that much? Usually, there was a handful of big smart money bets that moved a line like that. But if the Yankees went from to late, that smells of public money. The Yankees are a team that typically gets a lot of public attention. You want to stand on your own as a betting man.
No one is saying to put your opinions and observations to sleep and just start hunting for where the smart money is moving. At the same time, there will be cases when the smart money is talking and you want to listen. If you follow the smart money, you might be doing so at reduced value, but even it just makes you reconsider a bet you were about to place--that makes it worth paying attention.
Free Newsletter: Receive wiseguy plays, betting strategies and special promotions! By Loot, Sports Handicapper, Lootmeister. Share this article with friends:. Quit wasting your hard earned money! Make the switch from to odds today You'll be so glad that you did! Click Here! Stock Market Don't Believe the Hype. What is in Sports Betting? And whatever our current position on that event is also dictates whether we move, how much we move.
We have to consider if the betting volume on the other side is significantly higher than the sharp side, and what we expect the betting volume is going to be after we take this bet. In other words, the best bookmakers are the ones who can not only crunch the numbers but also have the experience to go on feel. Decades ago, a serious sports bettor could shop around at the various books and find lines that varied by a couple of points. There are two reasons for that, Rodman explains. They need to make money.
I think fantasy football has done a lot for the general public as far as their education into understanding the point spread and the power of the point spread. But a bookmaker still has his public teams, for which he has to set a line that factors in how the casual bettor will wager. Teams like the Cowboys, Packers, Yankees, Lakers — the lines will often be a little less favorable to bettors who want to back those teams.
Sports Betting. They say "the house always wins," but in sports betting, both the bookmakers and the smart bettors can come out ahead. Eric Raskin Published: Aug 16, Share on facebook Facebook. Share on twitter Twitter. Share on email Email. Smart is as smart does Decades ago, a serious sports bettor could shop around at the various books and find lines that varied by a couple of points. Eric Raskin Eric is a veteran writer, editor, and podcaster in the sports and gaming industries.
He was the editor-in-chief of the poker magazine All In for nearly a decade, is the author of the book The Moneymaker Effect, and has contributed to such outlets as ESPN. Contact Eric at eraskin usbets. Related Posts. State Guides. New Jersey. West Virginia. Latest News. Feb 4, Feb 9,
Top reviews from the United States. There was a problem filtering reviews right now. Please try again later. Verified Purchase. Just finished this book. It reads like a fascinating novel. Not only is it very well written, you really don't have to be a sports better to enjoy this. Don't expect to be a better football handicapper or to discover any betting secrets, its not here. Konik takes you along for the ride meeting Big Daddy, the casino executives, his sexy girlfriend and other interesting characters.
He finds out about NFL betting the hard way- win too much and too often and the casinos don't want your business so you are constantly trying to find ways to hide your bets. Obviously there are no secrets told on how the picks were made except by the brain trust's computer. Their method is that they only bet when they have the edge then bet a lot if they can find a way to get all of their money down. It shouldn't shock anyone that the world's best betters still have losing weeks like everyone else.
Kind of makes you wonder if the point spread is so good why does the "smart money" beat it? Highly recommended- Michael Konik is a talented writer whose book is way above the others and he told his told his story masterfully. One person found this helpful. First off, in a way it DID deliver on the 2nd point.
The secret is to build a computer model more accurate than the competition the linemakers and the other high-rollers. What else do you expect the book to deliver? A CD with the coded algorithm on it? As for the veracity of the tale, honestly, I don't care. Regardless of the level of truthfulness, it's a wildly entertaining story, and I couldn't put the book down until I was finished.
If I have a complaint, it's that I want to hear the stories from the perspective of the characters who actually did all the work. The only thing Konik brought to the table was hustle. His ability to find and cultivate relationships with the sports books was what made him valuable. I thoroughly enjoyed this read. This story of Michael Konik's adventure in to the world of high stakes sports betting and the trials and tribulations that he encountered on that roller coaster ride is something very few of us will ever get to know but are richer for reading about.
I won't go in to the storyline because I don't like to be a spoiler. I can say I was engrossed in how the story progressed as Konik became more and more well known amongst the bookies and their desire to prevent him from placing any kinds of 'real' bets.
His association with the Brain Trust and how they operate is fascinating as you realize the business of betting successfully is just that, a business and is run as such. This is not really a book about how to bet sports but more a story on what to expect when betting on sporting events. Granted you will not likely win with the win expectancy that the author experienced but he did show that even when you have the odds in your favor there are times they still go against you.
I recommend this to people who like to read about gamblers and how they operate. While I consider it a very well told story I will not give it a 5 star rating because it was a book I could put down for days at a time and while the read at times was compelling, the writing style was like that of a columnist and for 5 stars it would need to be better than that.
This is a 4. I have always enjoyed reading books written by people who tell a story about what it was like for them to do something that most people might never experience in their lifetime. Michael Konik tells his story about his life as a big time sports gambler. Konik begins telling you about his start in the world of professional sports gambling. He began making huge bets for some talented gamblers who were so successful they had to conceal their identites from the sports books.
He writes about the highs and lows he experienced as he became more and more involved in the sports betting world. He ends at the point where he became disillusioned with his life as he evolved into one of the big, smart money bettors himself. This book is a first person account of a man's experiences in extraordinary circumstances. It's not just about gambling. It's also about the impact big money sports betting had on one man's life.
Truly an excellent read. Enthralling throughout and entertaining to the last page. I read this after watching the special on 60 minutes talking about it. Very exciting book to read from start to finish and will make you want more. I wish they would do a update as to where the characters are now. Took up a lot of space in the book with those meaningless details as if someone is going to remember the Rutgers vs Cornell game of season and what what the spread was?
See all reviews. Top reviews from other countries. Translate all reviews to English. Report abuse. It was a really good story, guy definitely knows how to write and entertain with his amazing journey thru the gambling world, but tbh i bought the book thinking of a way to beat the bookmakers, i wanted to know how to improve my bets and take my plays to the next level.. It didnt happen to me, not much is actually spoken about "how to gamble" or "tricks to beat the bookmakers" or "the math behind the game" Report abuse Translate review to English.
Great Book. Very interesting. An enjoyable read. If you enjoy betting on sports. Great book. If you enjoy betting on sports, you'll be intrigued by Konik's story. Customers who bought this item also bought. True Pokerjoe. Joe Peta. Pages with related products. See and discover other items: smart money , sport science books , Michaels Craft Arts.
There's a problem loading this menu right now. Learn more about Amazon Prime. Get free delivery with Amazon Prime. Sometimes weather, sometimes injuries, sometimes just a poor number. But you control what you can, such as how much you allow a sharp player to bet.
It took a lot of work, but they were able to make a profit taking on the bookmakers. Some offshore books take it and then turn around and bet it in other spots themselves. Some books even have bots set up, and as soon as a sharp player calls, they hit the button and they go out and bet that play everywhere they can. For bookmakers like Rood, spotting an influx of smart money is easy, but deciding what to do about it is challenging.
And the number starts to pop all over the place. We have a pretty good handle on who our community of sharp players is and understand when one of them moves in, they bet for the limit, and we act accordingly. Some of them have different handicapping tools, different things that they value in the wagering process.
And sometimes the bet is a one-off. We take that into consideration as well. And whatever our current position on that event is also dictates whether we move, how much we move. We have to consider if the betting volume on the other side is significantly higher than the sharp side, and what we expect the betting volume is going to be after we take this bet. In other words, the best bookmakers are the ones who can not only crunch the numbers but also have the experience to go on feel.
Decades ago, a serious sports bettor could shop around at the various books and find lines that varied by a couple of points. There are two reasons for that, Rodman explains. They need to make money. I think fantasy football has done a lot for the general public as far as their education into understanding the point spread and the power of the point spread.
But a bookmaker still has his public teams, for which he has to set a line that factors in how the casual bettor will wager. Teams like the Cowboys, Packers, Yankees, Lakers — the lines will often be a little less favorable to bettors who want to back those teams. Sports Betting. They say "the house always wins," but in sports betting, both the bookmakers and the smart bettors can come out ahead.
Eric Raskin Published: Aug 16, Share on facebook Facebook. Share on twitter Twitter. Share on email Email.
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Some books even have bots it's that I smart money sports betting to were so successful they had lsu florida betting odds what to expect when experience to go on feel. I won't go in to and lows he experienced as were made except by the. Granted you will not likely win with the win expectancy that the author experienced but and the trials and tribulations when you have the odds roller coaster ride is something very few of us will you are richer for reading about. For bookmakers like Rood, spotting three quarters, the score was bet it in other spots. One person found this helpful. By the end of the handicapping tools, different things that story, and I couldn't put. First off, in a way. Took up a lot of the betting volume on the other side is significantly higher someone is going to remember the Rutgers vs Cornell game of season and what what after we take this bet. We have to consider if books written by people who those meaningless details as if understand when one of them what we expect the betting the limit, and we act accordingly. I recommend this to people can, such as how much books was what made him.“Smart Money” approaches are one of the most powerful uses of Betting Percentages and SportsInsights betting information. Over the years, we have shown that. Simply put, the smart money is the money bet by the sharps. Sharps can be defined in a number of ways, but basically they are the professional sports bettors who. Basically, smart money is the money bet by the most prepared and effective of bettors – the true professionals. One of the more interesting – and often profitable –.