How Do Sportsbooks Set Betting Lines?

Question

Do sportsbooks set betting lines based on trying to get equal action on both sides?

Answer 1

Sportsbooks do not necessarily try to get equal action on both sides. Instead, they often set lines based on sharp bettors' action. Sharp bettors are the ones who can influence the line with their knowledge and betting patterns. Some sportsbooks take action from sharp bettors, while others follow the lines set by sharp sportsbooks.

Comments

Also regency bias...when line moves in one direction based on local betting bias..

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How Bookmaker  control all players?

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Isn't a major disadvantage of using online books is that they have withdraw fees?

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Without solid knowledge of point spreads, winning is out of reach.