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Originally Posted by Illusion
This is what I do, I look at the opening line and track their movement all day. If the line swings 15-20 cents (baseball) I tend to bet the opposite of the line movement. I primarly use books such as BoDog and Bowmans to track lines since alot of squares play at these books. I also rely on insider info, so I always don't use this method. As far as timing goes, I usually place all of my bets about a half hour before game time.
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That is something I have found too. If a line travels a lot in one direction, there is usually a bounce half an hour before gametime. If it's a football line that has been moving all week, the bounce can happen a full hour before gametime.
I have observed this because I sometimes bet on anticipated line movement and I bet a line and then buy-back on the other side later. When deciding when to buy back, it is always tempting to wait. The line is moving in one direction and it's easy to assume it's got to keep going right up to the last second.
But it usually doesn't. Sometimes I'll buy-back and the line will keep moving and I'll feel like an idiot, but most often, I find it best not to wait too long.
Perhaps the reason there is that bounce is because of people like Illusion and me and our respective strategies.