I don't understand opening vs clsoing line betting theory, please help.

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Hey guys, everything I have read says that the closing line is the most efficient at predicting the outcomes of games and therefore is the hardest to win betting against. I have also read that the public prefers to bet favorites and that it is wise to bet a lot of underdogs in baseball.

So, if the idea is to beat the closing line by locking yourself into a price earlier than the start of the game that is better than the closing line then how could you ever bet underdogs on a consistent basis? It would seem to me that the best price for an underdog would probably be the closing line price because the public has bet against it all day up until the start of the game.

Can anyone help me understand this better? It would be much appreciated.
 

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