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Shaker's Shorts: What is Sharp Money?

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Thread Starter Shaker's Shorts: What is Sharp Money?
Greg Shaker
Joined: 05/30/2007
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A guy walks into a Vegas Sportsbook wearing a Trench Coat, large billed hat and a Wad of Money. He looks both ways, walks up to the Counter, and puts down a Stack of Bills. The Room is hushed. In a Low, almost too low to hear voice he says, "Michigan -3."

And so that's Sharp Money right? Of course it is, and the guy in the Trench Coat is a WISEGUY. You rarely see these guys any more, mainly because Trench Coats are out of style, but they are there. Oh yes they are.

But of course I jest. Sharp Money is probably the most misunderstood concept of Sports Betting. But it is really easy, it's just been Glamorized by Touts as being something that it is not. Most refer to these WISEGUYS as SHARPS denoting the fact that these Fellas are the BOMB and what they say and do it the WORD. So much so that people CHASE what these guys do..

On any given day on Twitter one can see 1000's of Tweets similar to "The Sharps are on Michigan." Unfortunately most of the Tweeters doing this have no clue. In my Circle of Friends we don't use the Term SHARPS, and we don't use the Term WISEGUY. Well except when we want a good laugh. The People that use these terms are most always just repeating what they hear and most are just misinformed. 

Sharp Money is actually a very simple concept. It Simply is Money that is Bet at the Best or Near Best Number during the Betting Cycle. That's it. You don't have to wear a Trench Coat to do it. And you don't need a Wad of Money. That means that if Michigan Opens at -3 and you bet the other side (Let's say Ohio State) at +3 and the eventual closing line is Michigan -1, then you were SHARP and you bet SHARP MONEY. Consequently if you waited and Bet Michigan PK or -1 during the Betting Cycle you too are SHARP or SHARP MONEY. It's NOT about Winning, it's about Betting your Favorite side or Total at the Optimum Level.

Do you see how that works? Betting the Best Numbers these days is not easy since we have more things, more people, more info, that moves numbers. And these things move numbers FAST. It is why and it why I have said that "You can't make money following Sharp Money because by the time you do, it ain't Sharp anymore." Being SHARP Money should be the ultimate goal and it is with Better Bettors. 

Stay tuned as I will be having 4 to 5 plays this week in this thread and the 1st could come pretty soon. These Plays were 3-1 last week..

182-133 Forum Alternative Plays Record.

Follow Greg Shaker on Twitter: GregShaker

TRUST YOUR NUMBERS

MARKET TIMING

WHAT IS SHARP MONEY?

"If you are the Smartest Person in the Room, you are in the Wrong Room."

pogman
Joined: 10/22/2013
Posts: 1096
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You mean like last night when the line went from 8.5 down to 6.5 in the College game and the favorite still covered.  That was not a sharp move.

pauliemitch
Joined: 10/24/2010
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Good Stuff. I would have thought you saw me if it wasn't for the trench coat, and large billed hat. Thanks!

Greg Shaker
Joined: 05/30/2007
Posts: 12731
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pogman

You mean like last night when the line went from 8.5 down to 6.5 in the College game and the favorite still covered.  That was not a sharp move.

Perfect example. That Number opened 6.5 and closed 6.5. In between the line Zigged up to as high as 9 and Zagged down to a low as 6 at a few outs..

Follow Greg Shaker on Twitter: GregShaker

TRUST YOUR NUMBERS

MARKET TIMING

WHAT IS SHARP MONEY?

"If you are the Smartest Person in the Room, you are in the Wrong Room."

pogman
Joined: 10/22/2013
Posts: 1096
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You think that was an attempted middle or they were trying to drive up the number and then fire back with even more money on the dog?  Thanks Greg.

wafflemaker
Joined: 12/07/2010
Posts: 57
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Greg Shaker

pogman

You mean like last night when the line went from 8.5 down to 6.5 in the College game and the favorite still covered.  That was not a sharp move.

Perfect example. That Number opened 6.5 and closed 6.5. In between the line Zigged up to as high as 9 and Zagged down to a low as 6 at a few outs..

I think you will find that dr. Bob released Arkansas State and moved the line so by definition if you liked Arkansas State 8 1/2 it was sharp. after that it was just followers

Greg Shaker
Joined: 05/30/2007
Posts: 12731
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pogman

You think that was an attempted middle or they were trying to drive up the number and then fire back with even more money on the dog?  Thanks Greg.

There are most always an attempted middle when key numbers like 7 are crossed. However, there were simply market forces that moved this number up and down and most of that was Respected Bettors/Handicappers on opposite sides at different times during betting..

Follow Greg Shaker on Twitter: GregShaker

TRUST YOUR NUMBERS

MARKET TIMING

WHAT IS SHARP MONEY?

"If you are the Smartest Person in the Room, you are in the Wrong Room."

Greg Shaker
Joined: 05/30/2007
Posts: 12731
All Pro
Top 50 Contributor

wafflemaker

Greg Shaker

pogman

You mean like last night when the line went from 8.5 down to 6.5 in the College game and the favorite still covered.  That was not a sharp move.

Perfect example. That Number opened 6.5 and closed 6.5. In between the line Zigged up to as high as 9 and Zagged down to a low as 6 at a few outs..

I think you will find that dr. Bob released Arkansas State and moved the line so by definition if you liked Arkansas State 8 1/2 it was sharp. after that it was just followers

Yes, among others as well that liked the dog late..Good point here..

Follow Greg Shaker on Twitter: GregShaker

TRUST YOUR NUMBERS

MARKET TIMING

WHAT IS SHARP MONEY?

"If you are the Smartest Person in the Room, you are in the Wrong Room."

Greg Shaker
Joined: 05/30/2007
Posts: 12731
All Pro
Top 50 Contributor

pauliemitch

Good Stuff. I would have thought you saw me if it wasn't for the trench coat, and large billed hat. Thanks!

Ha I knew that was you!

Follow Greg Shaker on Twitter: GregShaker

TRUST YOUR NUMBERS

MARKET TIMING

WHAT IS SHARP MONEY?

"If you are the Smartest Person in the Room, you are in the Wrong Room."

pogman
Joined: 10/22/2013
Posts: 1096
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Wafflemaker, I'm confused.  If Dr. Bob released Arkansas State at 8.5, wouldn't you think the line would go up and not down if it was sharp.

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