I've been a sports better for just under a decade and lately I've been finding myself questioning this concept as it relates to sports betting.
The basic concept is that if head's comes up on a coin 4 times in a row, the chances that it will come up heads the 5th time is still 50/50. I wonder if the random occurrence of a coin flip mimics a point spread or moneyline? Obviously, we don't know the outcome of a game, which is why they play it. But because of the vast amounts of factors and considerations when handicapping a game, does this same principle apply?
Just curious if anyone else has an opinion on this.
Thanks and BOL!