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Simple answer is profit.
Simply put the theoretical hold % that a bookmaker can expect from a 20 cent line is double than when using a 10 cent line.
The book will then lose some business, but in my estimations not over half so he still (theoretically) makes the same profit of half the business, which also means less running costs to the book.
If you look at it from the books view, it is a good business decision.
Also, is it not the actual price of team A that makes you play, e.g. a 20 cent book has a fav 5 cents better than your 10 cent book, you play with your book, and, get 5 cents the worst of it. Player B with multiple outs plays his game with the twenty cent book, and gets 5 cents better than you.
All i have seen is bitching about books changing to a twenty cent line, who cares if they use that line, if it is a better line play it.
I bet people who have taken their money out of the 20 cent book have seen games where they could have got a better price with their former book.
Is that not how a player works, he looks for the best price!!!!!
Also, addressing the point of why the straddle between fav and dog gets bigger, the simple answer is the books THP% goes down.
e.g.
-1.05
-1.05
THP% = 2.38
-1.90
+1.80
THP% = 1.22
So they move to a 20 cent straddle
e.g.
-2.00
+1.80
THP% = 2.33
Still lower than when the line is a pickem.
That is why the straddle increases, so that the bookmaker can maintain the same edge, thus maximising his profits. From the books view this is good. From un-educated bettors view, they are getting ripped off, UNTRUE.
With respect to people moving their money from a 20 cent book, can i ask what you will do in Football season, when its a level playing field(20 cents), in my view an out is an out in Football, when you are shopping or are a serious gambler as people in here seem to be, you can be sure you will miss a few bargains all because you got the hump in baseball and cant realise that football is a separate entity.
A bit long but i like to get my point accross concisely, any questions or opinions appreciated.
Dingle
Would have added to the original topic but some gaarbaage about done with errors and a blank screen, i may know percentages but explorer faults get me every time!!!!!
[This message has been edited by Dingle (edited 07-22-2000).]
Simply put the theoretical hold % that a bookmaker can expect from a 20 cent line is double than when using a 10 cent line.
The book will then lose some business, but in my estimations not over half so he still (theoretically) makes the same profit of half the business, which also means less running costs to the book.
If you look at it from the books view, it is a good business decision.
Also, is it not the actual price of team A that makes you play, e.g. a 20 cent book has a fav 5 cents better than your 10 cent book, you play with your book, and, get 5 cents the worst of it. Player B with multiple outs plays his game with the twenty cent book, and gets 5 cents better than you.
All i have seen is bitching about books changing to a twenty cent line, who cares if they use that line, if it is a better line play it.
I bet people who have taken their money out of the 20 cent book have seen games where they could have got a better price with their former book.
Is that not how a player works, he looks for the best price!!!!!
Also, addressing the point of why the straddle between fav and dog gets bigger, the simple answer is the books THP% goes down.
e.g.
-1.05
-1.05
THP% = 2.38
-1.90
+1.80
THP% = 1.22
So they move to a 20 cent straddle
e.g.
-2.00
+1.80
THP% = 2.33
Still lower than when the line is a pickem.
That is why the straddle increases, so that the bookmaker can maintain the same edge, thus maximising his profits. From the books view this is good. From un-educated bettors view, they are getting ripped off, UNTRUE.
With respect to people moving their money from a 20 cent book, can i ask what you will do in Football season, when its a level playing field(20 cents), in my view an out is an out in Football, when you are shopping or are a serious gambler as people in here seem to be, you can be sure you will miss a few bargains all because you got the hump in baseball and cant realise that football is a separate entity.
A bit long but i like to get my point accross concisely, any questions or opinions appreciated.
Dingle
Would have added to the original topic but some gaarbaage about done with errors and a blank screen, i may know percentages but explorer faults get me every time!!!!!
[This message has been edited by Dingle (edited 07-22-2000).]
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