Understanding line movement is just the tip of the iceberg when it comes to learning how to become a bookmaker. As you know by now, moving the lines of your sportsbook is crucial to maintaining a good profit. Sports bettors are also very observant in line movement, as they are also looking for the best value offered in a given sports event.
Its’ easier for you to move lines when using pay per head software. This is because the software has an algorithm that automatically converts to the best possible lines. However, there are cases where you will need to change the odds. One, is when something relevant to the game happens, like an injury prior to a game. Another reason why you adjust lines, is to get more action on the other side of the wager to maintain balance.
Line Movement Frequency: When and Why
Most bookies would want to adjust their lines as infrequently as possible, and only when necessary. Changing your odds frequently can give off the impression that you are fickle, and your line movement may make some sports bettors worry. Of course, live games, or in-game wagers are exempt from this concept, as the lines will change throughout the game.
Normally, analysts see more movement with moneyline wagers. It is common to see odds move twice in the week leading up to a game, such as American football. Some may even move their odds thrice in that week alone. Point Spreads rarely move, so if you are wanting to set your own lines, keep this in mind. Lastly, you have totals. The odds on these wagers hardly ever change.
Moneyline wagers are the most basic of bets, where one simply picks a winner, so changes in the factors that can affect the outcome of a game can cause lines to shift. And if one team is heavily favored, then the bookie has to adjust the lines to try to get a more equal balance on the wager. Of course, the factors that may make bookies adjust lines will vary- some are negligible enough for totals or point spreads, while some are necessary to ensure a profit. And if you want to become a bookie from home, you have to learn to be very careful about adjusting your lines. Especially if you are considering adjusting odds with more frequency than the industry standards mentioned above.