Time To Get A Bookmaking Attitude

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Rx. Senior
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Its obvious from threads and posts today that many posters have a punter only mentality. With the advent of Exchange betting, people are going to have to start re-evaluating the way they think and take on board more how bookmakers do business. As players will be in a situation where they may have to offer prices on an exchange, putting a value on a spread will become paramount, it will not be enough to just go higher than the next guy as he may be an Idiot. There are many eccentric ways of forming a line posted on these Forums, but non are used by the Professionals. The only conduit is knowledge, if you are an expert in your sport, then putting prices on it is the easy part.

The Bears are playing Miami, your knowledge tells you The bears are probably the winners. Ask yourself, what is the lowest price I would bet them.(lets say -150) now ask yourself, whats the highest price you would lay the Dolphins( lets say +120) I realise these two statements are conflicting but thats the difference between a betting attitude and a bookmaking one. So, The Bears -115 can be your start. You can use that as a guide against real books odds or offer this on an exchange with whatever vig you consider EG The Bears -125 , miami +105. You could also convert these M/Ls into Spreads, Bears -125 = -2.5 and act accordingly. As long as you have faith in your knowledge, the figures can enhance it and give you a better view on how best to use it, when in-running gets going on the exchanges, you will be able to adjust the prices as the game goes along because its your figures your working on, not someone elses.
 

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