Quote:
Originally Posted by fearless
I don't buy that explanation. Everybody knows that a one point favorite is -120, a two point favorite is -140, a three point favorite is -150, the books could write a program for that math.
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There is no *direct* correlation between MLs and pointspreads (in other words, in a mature market, a given PS will not always have the same price on the ML), at least not at the bigger books. It is my understanding that bookies like CRIS and Greek throw something on the wall and hope it sticks, but money will shape both markets separately as it comes in.
That said, smaller books may move lines manually (or on air, by copying CRIS/Greek/Pinny.)
In that sense, I believe that Arilou's explanation is right - smaller, moving-on-air books don't wanna be bothered managing yet another market and potentially get killed on one side 'cause they were asleep at the switch.