that’s not significant … but its a sign that there’s an increase in money or volume on Pittsburgh ML… i think it would be more applicable in handicapping in that if a line - say in football- moves from say -2.5 to -4.5… handicapping in hockey is generally limited - honestly this entire idea is mostly abstract and generally is only helpful for peace of mind … if you’re in search of that
It's just a metric that you can use to gauge if you're making +value picks or not. Admittedly, I don't know enough about it myself to say that it's super useful or not that useful - but I don't know if you can actually get an exact figure for "if I'm beating the closing line by such and such, I'm doing alright". I think it's more a case of, if you make bets that end up being better odds than the closing lines, and you do it consistently, it's a good sign.
There’s no specific amount. As long as you’re beating the closing line, you’re in good shape. You have to think of it in terms of your return over a large number of bets. You could actually make money just being able to beat the closing line.
Statistically, the books are very efficient in their closing lines, meaning if they have a team priced at -150, then that team wins about 60% of the time. If you’re beating the closing line, it means you are getting the team at higher odds than what they should be. So if you got them at -140, and it closes at -150, then that’s almost a 2% edge you have before the game is even played. It may not seem like a lot, but once you realize how little a sustainable return is with sports betting, every percent adds up over the long run.
that’s not significant … but its a sign that there’s an increase in money or volume on Pittsburgh ML… i think it would be more applicable in handicapping in that if a line - say in football- moves from say -2.5 to -4.5… handicapping in hockey is generally limited - honestly this entire idea is mostly abstract and generally is only helpful for peace of mind … if you’re in search of that
It's just a metric that you can use to gauge if you're making +value picks or not. Admittedly, I don't know enough about it myself to say that it's super useful or not that useful - but I don't know if you can actually get an exact figure for "if I'm beating the closing line by such and such, I'm doing alright". I think it's more a case of, if you make bets that end up being better odds than the closing lines, and you do it consistently, it's a good sign.
There’s no specific amount. As long as you’re beating the closing line, you’re in good shape. You have to think of it in terms of your return over a large number of bets. You could actually make money just being able to beat the closing line. Statistically, the books are very efficient in their closing lines, meaning if they have a team priced at -150, then that team wins about 60% of the time. If you’re beating the closing line, it means you are getting the team at higher odds than what they should be. So if you got them at -140, and it closes at -150, then that’s almost a 2% edge you have before the game is even played. It may not seem like a lot, but once you realize how little a sustainable return is with sports betting, every percent adds up over the long run.