What is Smart Money in Sports Betting?
The term is often used if you familiar with sports betting or professional sports handicappers. What is smart money? Smart money is the money that is bet by the sharps, the Documented Handicappers of the world. The elite group of sports bettors that are season veterans and gamble for a living.
Typically the sharps will bet against the squares, or the group of novice bettors or weekend bettors that really don’t have any research data or analysis to back up their picks. The segment of the population that are inexperienced bettors on a trip to Vegas or placing wagers on their favorite NFL team.
How does smart money affect you? Smart money moves lines. If you can have a sense of which side the smart money is on and how aggressively it is on that side then you can time your bets to get the best possible price for your pick. Early line movement and even late line movement is usually a result of smart money. This elite group of bettors have deep pockets and often have access to information that the general population does not.
On the flip side, when you see a line moving late in the week and the number for the over is getting higher and the point-spread for the favorite is swelling, that’s usually the result of the public’s money coming in. The public likes the glamour teams and scoring which leads to their tendency to bet on favorites and overs. Teams that typically fall into this category are the Yankees, the Patriots, Duke, UNC etc. Sports teams that have a massive fan base and have historically won on a yearly basis.
Smart money is usually the money that is in it for the long term. Sports gambling can be very difficult to make money over the long term. It takes a trained eye to spot line movements and spend time watching the line to determine which side smart money is on and which side the betting public is taking. This takes a generous amount of time and it’s typically a task that takes a team of experts. This is just another reason why the top betting sports handicappers are so valuable to beating the odds.
For more information pertaining to betting baseball be sure to view our article “how to bet MLB baseball“. This quick read will have you on the right path to finding the best odds and improving your chances of winning.