View New Posts
  1. 03-17-10 01:15 PM #1
    woodsen2
    woodsen2's Avatar Become A Pro!
    Join Date: 02-28-10
    Posts: 18
    SBR Points: 0
    Message Me

    Default What does 'chasing steam' mean?

    And why is it considered bad by sportsbooks?
    Reply With Quote Reply With Quote
  2. 03-17-10 01:45 PM #2
    Dunder
    Dunder's Avatar Become A Pro!
    Join Date: 10-26-09
    Posts: 3,360
    SBR Points: 0
    Message Me

    Default

    Where a line has moved significantly at most books but remained the same (or moved only slightly) at the book you bet with. Betting the side that all the money is on is "chasing steam".

    Books donīt like it because on most occasions you would have a mathematical edge on them.
    Reply With Quote Reply With Quote
  3. 03-22-10 05:35 PM #3
    moonbeam
    moonbeam's Avatar Become A Pro!
    Join Date: 03-02-07
    Posts: 1,500
    SBR Points: 0
    Message Me

    Default

    Quote Originally Posted by Dunder View Post
    Where a line has moved significantly at most books but remained the same (or moved only slightly) at the book you bet with. Betting the side that all the money is on is "chasing steam".

    Books donīt like it because on most occasions you would have a mathematical edge on them.
    Good explanation. But I still donīt understand it.
    So the better books call it a "steam" and the worse oneīs a "bad line"?
    Reply With Quote Reply With Quote
  4. 03-22-10 05:44 PM #4
    Dunder
    Dunder's Avatar Become A Pro!
    Join Date: 10-26-09
    Posts: 3,360
    SBR Points: 0
    Message Me

    Default

    Quote Originally Posted by moonbeam View Post
    Good explanation. But I still donīt understand it.
    So the better books call it a "steam" and the worse oneīs a "bad line"?
    Not really. A line that is off-market because the book has been slow to react is not going to be called as a bad line (unless we are talking about in-play/live betting). I would term such a line as "stale".

    The bad books too often call it a bad line when their initial/early odds are off-market, whereas the better ones do this generally, when it is a genuine mistake.
    Reply With Quote Reply With Quote
  5. 03-22-10 06:20 PM #5
    moonbeam
    moonbeam's Avatar Become A Pro!
    Join Date: 03-02-07
    Posts: 1,500
    SBR Points: 0
    Message Me

    Default

    Hm, I guess that is what I meant
    Reply With Quote Reply With Quote
Top
« Previous Thread | Newbie Forum | Next Thread »