Sportsbooks Exposed: Using Sharp Books to Beat Soft Books
Video Overview & Insights
One of the cornerstones of being a profitable sports bettor is understanding the difference between sharp sportsbooks and soft (or retail) sportsbooks. You must understand this simple concept in order to gain your winning edge.
@0.11 really
By the end of this video you will know why sharp books are much more accurate at setting odds compared to retail books.
Here are the core differences:
For markets with odds further away from 50/50, do sharp books generally apply underdog bias (the unequal application of more juice on the underdog to protect against high liability outcomes)? Should I still use a conservative approach like the power method when using Circa to calculate the EV of a weak line? Or are they so intent on balancing their sides that a multiplicative approach accurately reflects the probability of an outcome?
0:14 How they create their opening lines
0:52 How odds are adjusted up until the game starts
Love your videos, Thank you!
1:39 How they set betting limits
3:48 How they manage the Vig
Thanks for the information Robbie!
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Great video, great data points. I was curious how Outlier determines the ticket and handle %'s on the games tab. Is this just all the average/median of what the data Outlier can get from those books or does it take into account the 'sharp' books. Also, what are your parameters of EV/Vig/Kelly you like to use?
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