Difference between revisions of "Opening line"
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| − | An '''opening line''' is the initial odds released by a [[sportsbook]] for a given event. American football lines are posted a week in advance while other sports are released the night before. Opening lines originate at high limit [[offshore betting site]]s such as | + | An '''opening line''' is the initial odds released by a [[sportsbook]] for a given event. [[Betting limit]]s start off low and rise gradually the longer the market is open. This allows [[oddsmaker]]s to adjust their lines based on early [[sharp]] action. American football opening lines are posted a week in advance, while lines for other sports are released the night before. Opening lines originate at high limit [[offshore betting site]]s such as [[BetCRIS]]. These lines are then cloned by other sportsbooks including those with physical locations in Las Vegas, Nevada. |
| − | + | Experienced sports bettors consider the opening line to be the time when the market is at it's lowest expected [[efficiency]]. There exists a larger [[edge]] due to discrepancies between the betting line and the market's [[expected value]]. Oddsmakers take advantage of early bets placed by sharp players in order to shape their lines to be more efficient. This is why it is not recommended to bet into [[closing line]]s. | |
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| − | Experienced sports bettors consider opening | ||
Latest revision as of 23:03, 10 January 2020
An opening line is the initial odds released by a sportsbook for a given event. Betting limits start off low and rise gradually the longer the market is open. This allows oddsmakers to adjust their lines based on early sharp action. American football opening lines are posted a week in advance, while lines for other sports are released the night before. Opening lines originate at high limit offshore betting sites such as BetCRIS. These lines are then cloned by other sportsbooks including those with physical locations in Las Vegas, Nevada.
Experienced sports bettors consider the opening line to be the time when the market is at it's lowest expected efficiency. There exists a larger edge due to discrepancies between the betting line and the market's expected value. Oddsmakers take advantage of early bets placed by sharp players in order to shape their lines to be more efficient. This is why it is not recommended to bet into closing lines.