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What In the event the betting line or spread was established by four sports advisory companies without collusion or previous familiarity with each others numbers!
Lets face some facts concerning this number or point spread that usually comes from one Sports Advisory Group. This number is sold or distributed to the sports betting outlets online as well as the legal Sports Books in Nevada. These outlets put their little tweak on the line by 1/2 point or 1 point or perhaps an extra $5 on the money odds. On the contrary, everyone will post their number which will be the same or in a point of each other. This is the equal of price fixing and collusion in almost any other industry.
How come the Sports Betting Industry has the same price or spread on their own betting board? WHY – because nobody wants to rock the boat!
What if this process of establishing a betting line was not just a monopoly but was provided by at least four sports consulting groups that were independent of each other. Each group would then post their calculated number for the worldwide sports betting outlets to buy and use for their operation.
This new mode of operation would unlock the monopoly that exists when the line is established. Now what happens? Would some books dare to post numbers that can be different from others by 4 or 5 points either way. I doubt it since nobody desires to rock that boat. Is this collusion by the sports books so they can keep their share of the market and not create a price or point spread war.
The process of constructing the point spread number is probably done through a software program with all of visit the following web site statistics as well as other information to get a base number. Then the particular number is refined to include public perception as to where the general public will place their cash. It really is no secret that Sports Books speculate or predict at what number the general public will be evenly divided.
There are various of occasions when the line is not even close to the final score. They do come close about 65% of the time. Conversely, when the spread is minus 7 and the favorite wins by 21 points or perhaps the underdog wins outright, their number is way off.
If that minus 7 point favorite is listed at minus 11 points at another outlet would there be a Revolution among Sports Book operators. Would this difference of opinion cause a whole lot of anxiety with casino management. I am sure they will question each others actions after doing the exact same thing together all these years.
For a true and balanced market to emerge in almost any industry, there should be some options and competition among the players involved. A Betting Exchange is very close to a far more balanced betting market since the levels of competition are against other bettors. The spread will be the same however the money odds are much better with more options.
If the Sports Books in Nevada and online books opt to re-arrange their Sports Book operations to include some alternatives to the spread, they are going to improve their handle and be more competitive. I would install some type of Spread Betting that is big in Europe. Allow more options with alternative lines and charge just a little more vigorish. Some online books have alternative run lines on baseball. They post the run line at minus 1.5 runs on the favorite and underdog in the same game.
The Sports Betting outlets need to become more innovative to maintain a market share. We know they probably will not “rock that boat” unless one or maybe more sports betting venues develops a rogue or maverick mentality. This will be a big gamble which could payoff and increase marketplace share. Alternatively, it really is ironical that sports books don’t want to be within the gambling business. They just want to collect their commission and avoid too much risk. They may be more concerned about the heavy hitters than the small average recreational bettors who lose more frequently.
Promoting or seeing changes in almost any financial markets is just like getting people to stop smoking or obese people to lose weight. Change is difficult for a whole lot of people and businesses. Because they say “talk is cheap”. Alternatively, I feel technology is becoming more prevalent in Sport Betting industry. Hopefully, it’s going to create a more vibrant market with better options and many more competition within the sports betting community.