BALANCE IN SPORTS BETTING
Welcome to another very informative installment of Sports Betting Lessons, this is Professor Jeffdstuff, the prof with the stuff, and I will feed you guys again with your daily dose of Football Betting 101 to prepare ya'll for the coming football warfare in the NFL and the NCAA. As you may already know, you'll be unceremoniously schooled again.
Yesterday, I thought you guys that keeping a cool head is important. How important? Heck, it can save you butt-loads of cash, that fo' sho'.
Today, I will teach you guys something that the bookies all around the world does not want bettors like us to find out. I'll be unleashing the secret today so without further ado, today's Football Betting 101.
Balance.
Yup, this is the very word bookies always practice. Of course, they do this to make any betting proposition as favorable to them as possible. They just want you to think that they are just making it fair for us bettors but it's not that.
Bookies balance the books to put some money on one side that fails in comparison to a favorite. For instance, the Cleveland Browns will be hosting the Oakland Raiders. We very well know that the Raiders will always pound on the Browns, no matter what time of the year it is. In spite that, a bookie could have a line that may look like this.
Cleveland Browns
Oakland Raiders -1
This would mean that the Raiders are only a one point favorite over the Browns despite the fact that we know the Raiders can beat the Browns with a 14 or even a 21-point lead.
Of course, the money will pour on the Raiders. When the bookies realize that there's no action going on the Browns' side of things, they will ''balance'' the books.
See, I'm using the term ''balance'' ever so slightly here.
When this happens, the line could look like this.
Cleveland Browns +21
Oakland Raiders
Now, you have the Raiders as heavy favorites and the Browns with a +21 point advantage to start the game. This will make bettors find it harder to bet on the Raiders. It could even bring them to the point where they would be more comfortable betting on the Browns.
See how bookies ''balance'' everything?
That's another edition of Sports Betting Lessons. Keep it here on these pages because I'll keep on letting the truth be told. This is Professor Jeffdstuff, signing off. Peace!