What is sharp money in sports betting? This is a question that many bettors ask, and it’s not always easy to define.
Sportsbook operators know how to track sharp money amongst their clients, keying on the information to help set their lines
In general, sharp money refers to bets or wagers made by experienced and knowledgeable bettors. These bettors are often called “sharps” because they are able to make money, and a lot of it, by predicting the outcomes of sporting events. So how can you track sharp money and make sure you’re on the right side of the action? Read on for more information!
What Exactly is Sharp Money in Sports Betting?
Sharp money is one of more commonly used terms in hip, sports betting circles. And whether it’s sharp money, sharp bettors, or sharp line moves, prognosticators and pundits commonly like to reference the sharps, to make it seen as if they themselves have some sort inside information about what the wise guys and high-level professional bettors are playing. Well what is sharp money in the first place?
The truth is that there’s no definitive answer to this question, as sharp money can mean different things to different people. Generally speaking, though, sharp money refers to bets or wagers placed by experienced and knowledgeable bettors. These bettors are often called “sharps” because they are able to make money by predicting the outcomes of sporting events at a high-rate of success, and they’ve gained a reputation that backs up the stature.
How to Track Sharp Money
Now that you know a little bit more about what sharp money is, you’re probably wondering how you can track it and make sure you’re on the right side of the action. Fortunately, there are a few things that you can do in order to accomplish this.
First and foremost, it’s important to keep an eye on line moves. When a sportsbook moves its lines in response to heavy betting from sharps, it’s often a sign that they believe these bettors have insider information and are expecting a certain outcome. By keeping tabs on line movements, you can get an idea as to which games the sharps are focusing on, and then place your bets accordingly.
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Another way to track sharp money is by following the betting action through consensus data. Normally, when a sportsbook takes in a lot of bets on one side of a game, it’s an indication that the majority of the public are pounding that particular bet. But if the line doesn’t budge, or actually moves against the heavy consensus, it might be wise to jump on the other side of the fence and take advantage of any potential value.
A sharp, or a syndicate of sharp bettors, doesn’t require high betting volume to offset the mass public consensus. They are more likely betting large stakes on the opposite side of Joe Public and if you’re looking at how to track sharp money, this could be your opportunity.
Don’t Get Lost in the Sharp Money Shuffle
When you first start betting on sports, you likely follow the game and have a fairly good read on how to assess talent in a matchup. Even if it’s just a high-level assessment, you are basing decisions on factors specifically related to the game and that’s good. Measuring differences between overall talent levela and line value is the next step in becoming a good sports bettor, but one of the mistakes some people make is putting too much emphasis on trying to figure out how to track sharp money.
The truth of the matter is that a lot of people that think they are tracking sharp money are not actually getting very good information. Not only that, the information is limited. My advice is to spend more time focused on systems, trends, situational capping and the matchups themselves, and less time trying to predict where mythical sharp may or may not be going.