OK, so if we have a game for example... Team x v Team y
75% of the bets are on Team 'X'
25% of the bets are on Team 'Y'
- But the line doesn't move, this tells us that the amount of money the 25% who bet on Team Y is roughly equivalent to the amount of money that the other 75% who bet on Team X. What qualifies this as 'Sharp' money or having come from 'Sharp bettors'?
- Indeed, what is a 'Sharp' bettor as opposed to a square bettor? I think this whole concept of Sharp Money is a fallacy to a certain extent.. Or maybe I am missing something obvious??
I mean I'm pretty sure that the books will move their line when they are over exposed on one side and they move it simply to attract action on the other side and balance their 'book' hence they are bookmakers... They win either way due to the built in juice. They don't care which side wins - obviously sometimes they will lose more as they will be over exposed on certain outcomes but in general all they are trying to do is have an even book... Just my two cents, I don't believe in the notion of 'Sharp v Sqaure' bettors