How Floyd Mayweather Jr. Will Cash In Big By Moving The Betting Line In Conor McGregor’s Favor
Floyd Mayweather Jr. will cash in big by betting on himself to beat Conor McGregor on August 26 in Las Vegas. By insisting that McGregor has a chance, Mayweather is helping move the line in McGregor’s favor, creating more line value for himself.
Floyd Mayweather Jr. is a sharp. No, that wasn’t a typo. Not sharp, but a sharp. That’s the highest compliment the can be bestowed upon a sports bettor. Let’s make no bones about it. Floyd Mayweather is a prolific sports bettor and isn’t shy to express it.
A sharp is a bettor that understands how the linesmakers set the lines and what influences line movement. In this case, the opening line is an educated guess of a starting point that oddsmakers believe will inspire equal action from bettors on both sides. Most of this is based on public perception along with historical data. The truth of the matter is that after the lines are available for the public to bet on it’s a waiting game to see if there’s any significant movement. At that point, two things happen. The public reacts to the line and starts placing its wager or sharps feel the line is wrong and make their move. In either case, the line will start to move. In this case, the public can be manipulated into buying into the perceived value for Conor McGregor which is currently +550 (wager $100 to win $550). From there, it’s very simple. The oddsmakers will move the line in accordance to where the money is going. The more money wagered on Conor…