Betting Lines Are Affected More By Who Makes The Bet, Not How Much Is Wagered
A fellow strikes a few keys on a computer keyboard or strides into a licensed sportsbook in Nevada and wagers $5,000 on a football game. The move triggers an immediate and frenzied reaction from the houses numbers cruncher, who quickly consults with his bosses or telephones the casino’s sister properties and adjusts the betting lines on the team that just was bet.
A few minutes later another man (or woman) strikes the very same computer keys or walks up to the very same window at the very same sportsbook and wagers a whopping $50,000 on a football game. The very same house bookmaker makes note of the wager but otherwise does not stir from reading the morning newspaper. There are no betting lines adjustments this time.
What the heck is going on here?
Bookmakers have learned that the amount of money bet often is secondary in importance to the identity of the person who places the wager. For example, a hotel guest who lumbers into the sportsbook from the gaming tables with a cocktail in one hand, a load of black chips in the other and what he believes is an informed...
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