I hear people mention these terms all the time. I am not that well versed can someone elaborate on them. If i am not mistaken syndicates are a large group that have many people placing wagers.
Can some tell who the "Wiseguys" and "Sharps" are? I always picture some guy named Gino who looks like a mobster, but couldn't tell which team LeBron or Kobe plays for, but somehow according to people on the form they seem to win more than they lose. Are these groups great at reading odds and lines and making plays or what is their story.
Yes Syndicates are just what you said, a small or Large group that will place Bets all over the place. Sometimes at the Same time.
This Group will have a Leader of course ( someone In Charge ) = Sharps
Sharps could be anything...Someone with Inside Info = In the Know
Wiseguys...........No, they are Not the "Tony's" "Gino's" or "Sal's" of the Betting world.
But that doesn't stop Some of them to Bet a Game because they heard it through the Grapevine.
To Some it up a little better, ALL 3 of the Above
Wiseguys/ Syndicates/Sharps are the Same. In a Sense.
Here is a Better Look at things
In the early years of sports betting, public money was the dominant
factor. The influence of public money was so great that the lines were
often over inflated to force some control over the positions a sportsbook
would take on a game. The squares forced certain patterns every week –
take the favorite and over early, and the dog and under right before post.
These patterns were even more pronounced for Monday night games and the
playoffs.
Things gradually changed. The number of wise guys kept growing, syndicates
formed and these winning players bet more and more. A few years ago, we
started seeing games where the sharps bet a lot more money than the
public. The old trends started getting bucked – a Monday night dog would
not keep going up, as the sharps forced the price back down. The influence
of sharps became more prominant, and this has changed the way the entire
offshore world works.
There’s still two distinct pools of money, but the hierarchy has changed.
The public still bets growing amounts on games and exotics, but they’re no
longer the dominant force controlling the line. Runaway lines during the
regular season are now a thing of the past – the influence of public money
is now dwarfed by the ‘sharper’ betting volume of the established
syndicates and emerging sharps. The dramatic 1 or 1.5 point moves in the
hour before the game are a thing of the past.
But then there is the post season where everything can change and the
influence of public money is hard for a sports book to ignore…
Smart players can still exploit the line movements caused by sharp and
public money during the post season by recognizing who plays where. First,
you can get a measure of which side is sharp by watching the way the
opening betting line surges at where the early line moves
are predominantly caused by sharp players. Second, it’s important to shop
around and identify which books will give you the best prices for your
playing style.
You should always have a variety of sharp and recreational books so you
can get the best price on the side you like. If you prefer the traditional
sharp angles of playing dogs and unders, you’d do well to shop at a book
that caters to recreational players. Their lines are a full point better
than those of a typical “sharp” book. Similarly, the sharp books will
often offer the best price on favorites and overs.
