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Pro
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Understanding
NFL Pointspreads
Successful football
handicapping starts with throwing out those old strategies and systems
that, on the surface, seem like they should work, but in reality
never do. When most sports gamblers set out to make pro football
picks, they call upon all manners of NFL statistics as well as their
knowledge of the sport to try to determine which team has the best
chance to cover the spread. Seems logical, right?
Wrong!
This is how most people go about handicapping games, and almost
everyone loses. To make enough winning NFL picks to beat the sportsbooks'
lines over the long run, you must begin by analyzing the line on
a given game to match the perspective of the oddsmakers.
This can be
accomplished by looking backwards to determine why the line on a
given game involving 2 teams has been set at a particular number,
adjusted to a particular number, or maintained at a particular number.
How did the line originate? Why is the line the way it is?
By analyzing
the line in reverse, you'll be able to do two important things for
increasing the success of your NFL football picks:
1) You'll be
able to shift your focus away from using statistics, sports knowledge,
and other unprofitable techniques to pick which team you think will
cover the point spread.
2) You'll be
able to redirect your focus towards using indications in the NFL
line on a given game to identify which team oddsmakers & insiders
think will cover.
Looking for
indications in the sportsbooks' lines and point spreads is your
best bet for picking which team the oddsmakers and insiders think
will cover the spread in a given game.
The key is to
understand that the sportsbooks' NFL lines and NFL point spreads
are the oddsmakers' instrument for dividing the monetary betting
action in half for a given game. In other words, the very existence
of betting lines and point spreads gives a sportsbook an element
of control over how the population as a whole decides to bet in
a given game.
To start, the
line on a game is not the oddsmakers' assessment of what the difference
in final score will be. It is their assessment of what particular
football odds line number will draw even action from the combination
of sports bettors.
Oddsmakers are
masters at using NFL lines and point spreads to keep betting action
divided in half. By making adjustments in a given line or point
spread oddsmakers can sway large numbers of sports bettors who have
not yet made a decision on which team to bet on in a game to place
their bet on the team that has "lesser action." Ask yourself,
how often have you been undecided on a game with a 3 point spread
only to make your decision after the line moved down to 2 1/2 or
up to 3 1/2? The movement in the line was the book's effort to balance
betting action, and often times it can have a direct result on your
betting decision.
Of course, when
NFL lines and point spreads are moved, it can also sway sports bettors
who have already placed a bet on a game to "put down"
additional action on that game... Or to even reverse their direction
and bet the other way to try to "sandwich the game" and
hit both sides. But as far as the oddsmakers are concerned, keeping
the betting action split at each odds line number (dollar number)
or point spread is the key. Doing so allows the sportsbooks to make
their juice.
By controlling
the NFL odds and NFL point spreads, the bookmakers have an amazing
amount of control over who bets what amount, and at what point in
time they bet that amount, thus enabling them to keep the action
divided in half. However, before oddsmakers can even begin to make
adjustments to a particular betting line to keep action divided
in half, they must choose a starting point or "opening line"
for the game.
When creating
opening lines, the incentive for a sportsbook's oddsmaker is to
choose football lines that will do a fast, efficient job of splitting
action in half. Doing so guarantees that they can make the most
juice.
If an opening
line doesn't draw even action, the sooner the line can be adjusted
to draw even action, the more juice the sportsbook can guarantee
for itself. Simply put, the more a line needs to be adjusted to
keep betting action even, the more overall risk the sportsbook is
exposed to, and the lower the profit they stand to make. This is
because the sportsbook can get stuck with uneven betting action
for any given NFL odds line or NFL point spread number, which cuts
into profits.
Therefore, you
can see that the oddsmakers would be very interested in knowing
what specific NFL point spread number or NFL odds line number would
draw even betting action for a given game before having to release
the opening line for that game to the public!
But before oddsmakers
could know what an opening line on a given game would need to be
set at to draw even action, oddsmakers would need to know which
team sports bettors planned to put their money on in advance of
that game! And for a variety of different NFL odds line numbers.
This brings us to the oddsmakers' greatest strength when it comes
to using betting lines and point spreads to divide betting action
in half.
The oddsmakers'
greatest strength for dividing betting action in half is based on
the fact that most sports bettors make their betting decisions by
relying on some level of information they have collected about the
matchup. To cope, oddsmakers have developed techniques to allow
them to measure the level of information that prospective sports
bettors know about a given game, and oddsmakers can look at this
information before having to release the opening line for that game.
One method oddsmakers
use to measure the information level known to sports bettors about
a game is to release an exclusive "unrefined" test line
for select knowledgeable and well respected gamblers or "insiders"
to bet into.
For inside gamblers
who have access to these "unrefined" test lines, it's
like having access to free money. Because if the betting line ends
up being far off from the test line, the game can be sandwiched
by insiders for a potential double hit.
But it's well
worth it for the oddsmakers to give these insiders the sandwich
opportunity. Because by allowing select insiders an exclusive opportunity
to place bets against early test lines, oddsmakers get a chance
to determine whether or not the insiders are betting the same side
in a game, whether insiders are split, and how strongly insiders
feel about their selection in terms of how much they are betting.
Collecting this
type of information about how insiders are evaluating their selection
on a given game helps the oddsmakers make an assessment of what
the opening line will need to be set at in order to generate even
betting action from the combination of inside sports bettors and
general public sports bettors on a given game.
Of course oddsmakers
also study general public betting patterns. But as a rule they are
more concerned with measuring insider betting interest because insiders
place bigger bets (which are harder to balance), and because insiders
can at any moment have access to more relevant information about
a given game than anyone else.
For example,
insiders may know:
What
types of strategies the teams plan to use
Whether or not the teams are emotionally ready to play
Who is officiating the game and what affect it can have on
the teams' playing styles
Whether the starting quarterback has a blister on his thumb
Insiders can
be in possession of so much pertinent info (a.k.a. inside info/inside
reads) that never gets disseminated to the public prior to the start
of the game that most people simply wouldn't believe it. The level
of information that insiders possess is obviously the driving point
for their bets. And since oddsmakers are providing insiders with
an early test line to bet into so that they can measure the level
of insider interest in a game before creating the opening line for
the sole purpose of balancing action, sportsbooks' football odds
and point spreads very often reflect the level of information that
is known to insiders about a given game. This is the golden egg
of NFL football handicapping.
So now you know the golden egg of NFL handicapping. It's not the
teams that matter. It's not the stats that matter. It's the line
on the game that matters.
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