'Kornegay dispelled a myth about the goal of line-setters, which we all always have been told is to draw equal money on both teams. By doing so, the house would always profit because for the one placing the wager, winning $100 requires betting $110.
“Our goal is to win more than we lose,” Kornegay said. “That’s what we try to do. It’s rare that you have a game that you have equal action on both sides. Is that what the line’s supposed to do? Yeah. It rarely happens. I would say one out of 10 games we look at and say ‘It doesn’t matter who wins, we’re going to win (because there is roughly equal money on both sides).’
“We have to protect against the sharps,” Kornegay said.
The sharps?
“The professionals, the wise guys,” Kornegay said, meaning the hard-core, serious gamblers who come armed with research and a knack for picking games. “They have their opinions as well. Most of our lines are to keep those guys in check. Most of the money that comes in on a daily basis is from these types of players.”
He’s not talking about the sportswriters who vote in the Associated Press poll. We already know what he thinks about our ability to capture the relative strength of basketball teams. He’s talking about gamblers who try to make a living outsmarting the oddsmakers.
“The guys who really know the game, not the general public, not the guy who looks at Baylor being undefeated and ranked third,” Kornegay said. “We’re concerned about giving our attention toward the sharp plays, and that’s where we need to split that action. If we win half of those, we win.”
'Kornegay dispelled a myth about the goal of line-setters, which we all always have been told is to draw equal money on both teams. By doing so, the house would always profit because for the one placing the wager, winning $100 requires betting $110.
“Our goal is to win more than we lose,” Kornegay said. “That’s what we try to do. It’s rare that you have a game that you have equal action on both sides. Is that what the line’s supposed to do? Yeah. It rarely happens. I would say one out of 10 games we look at and say ‘It doesn’t matter who wins, we’re going to win (because there is roughly equal money on both sides).’
“We have to protect against the sharps,” Kornegay said.
The sharps?
“The professionals, the wise guys,” Kornegay said, meaning the hard-core, serious gamblers who come armed with research and a knack for picking games. “They have their opinions as well. Most of our lines are to keep those guys in check. Most of the money that comes in on a daily basis is from these types of players.”
He’s not talking about the sportswriters who vote in the Associated Press poll. We already know what he thinks about our ability to capture the relative strength of basketball teams. He’s talking about gamblers who try to make a living outsmarting the oddsmakers.
“The guys who really know the game, not the general public, not the guy who looks at Baylor being undefeated and ranked third,” Kornegay said. “We’re concerned about giving our attention toward the sharp plays, and that’s where we need to split that action. If we win half of those, we win.”
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