Re: WHEN ARE SOME BOOKIES GOING TO LEARN NOT TO MOVE THE LINE OFF OF SQUARES?
CAN YOU EXPLAIN HOW A BOOKMAKER WOULD KNOW WHEN TO MOVE THE LINE AND NOT GET MIDDLED?
ARE YOU SAYING A BOOK SHOULD NOT WORRY ABOUT PARLAYS AND TEASERS, FUTURES AND HORSES AS THEY CAN'T LOSE AND THAT IS NOT GAMBLING?
I said this about moving the line...
"The other way to attempt to get equal action is to move the line in response to money being bet on one side. I have previously stated in this thread that this is the art of bookmaking, ie. knowing when to move the line and knowing when to hold the line so as to not get middled on a game."
...I am not a bookmaker; I do not presume to know the "art" of bookmaking, but it is much more difficult than what Rainbow says...
"WHEN WISEGUYS BET THE GAME THE LINE WILL GET MOVED."
...the problem with this is that "wiseguys" are defined as long term winners, and "squares" are defined as long term losers, but you don't know that before the game is played. The square may win and the wiseguy may lose. The only thing you know for certain before the game is how much you have bet on each side. Rainbow saying that he never moves the line off of square money is just ridiculous. So let's say that 90-95% of the action is all on side A and Rainbow determines in his mind that's it's all "square money", so he doesn't move the line. He's therefore only booking 10-20% of the action and gambling the other 80-90%. Now if that 80-90% is a reasonable figure that he can afford to lose, then fine, go ahead and gamble...I like to gamble also. But the bookmaker has to set a limit of what he can afford to take on a game and either lay off some of the money or move the line to stop the one sided action. That's just common sense.<!-- google_ad_section_end -->
O, in regards to parlays, I said and I repeat...
"Secondly, I don't think I need to explain what bookmakers need to do with parlays/teasers and/or futures/horse bets as the odds as so in favor of the bookmaker that even an imbecile like Rainbow could book those bets!"
...of course it's still gambling but with such a big edge for the bookie that he doesn't have to be as careful as he is with straight action. Horses are different depending if you participate in the pari-mutuel pool like the Vegas books do now or book your own which is a very risky, but rewarding wager for the offshore books.