Is Reverse Line Movement really that good of a leading indicator?

Collapse
X
 
  • Time
  • Show
Clear All
new posts
  • curious
    Restricted User
    • 07-20-07
    • 9093

    #1
    Is Reverse Line Movement really that good of a leading indicator?
    Hey guys and gals. I have never paid any attention to what games the "public" or the "sharps" were on. If I find value I take it.

    Lately, it seems like my bad beats come on plays where I later see a post from someone about reverse line movement in that game. And, if I believed in RLM, then I would have stayed away from the play that lost.

    Is RLM real? In terms of per centages. Wouldn't there be such a large number of false positives that it ends up just being noise?

    And, how do you really know that what you are seeing is a reverse line movement.

    To know this you would have to know what is happening at all the books annd I just don't think they would be honest about it.
  • TPowell
    SBR Posting Legend
    • 02-21-08
    • 18842

    #2
    well if most of the public is on one side and the line moves differently than you would have to think that more big money bettors are on the opposite side of the public.
    Comment
    • curious
      Restricted User
      • 07-20-07
      • 9093

      #3
      Originally posted by TPowell
      well if most of the public is on one side and the line moves differently than you would have to think that more big money bettors are on the opposite side of the public.
      But does that mean the big money bettors are "right"? or does this tell you to stay away from the play?

      In other words, are the 'big money bettors' right often enough that you should care about this?
      Comment
      • onthewhat
        Restricted User
        • 05-14-08
        • 15411

        #4
        big money bettors hit 100%

        small money betters hit 0%

        duh
        Comment
        • LT Profits
          SBR Aristocracy
          • 10-27-06
          • 90963

          #5
          Comment
          • curious
            Restricted User
            • 07-20-07
            • 9093

            #6
            Originally posted by onthewhat
            big money bettors hit 100%

            small money betters hit 0%

            duh
            Sure they do.
            Comment
            • LT Profits
              SBR Aristocracy
              • 10-27-06
              • 90963

              #7
              RLM has been profitable in every sport the last two years.
              Comment
              • TPowell
                SBR Posting Legend
                • 02-21-08
                • 18842

                #8
                thats what I struggled with too. If you bet with big money, you'll succeed the same as they do. Not every big bettor is a genius, I'm sure there are some that just throw money around.
                Comment
                • TPowell
                  SBR Posting Legend
                  • 02-21-08
                  • 18842

                  #9
                  LT, do you have the records in college basketball this year? Just wondered what it would be
                  Comment
                  • curious
                    Restricted User
                    • 07-20-07
                    • 9093

                    #10
                    Thanks LT. Can I just use Sports Insight for the RLM info or are there other places I should look also?

                    This would have saved me a ML loss (-450) on ND today in NCAAB .
                    Comment
                    • LT Profits
                      SBR Aristocracy
                      • 10-27-06
                      • 90963

                      #11
                      All those numbers are pulled from SI, so they are the source I would recommend.
                      Comment
                      • The Seer
                        SBR Posting Legend
                        • 10-29-07
                        • 10641

                        #12
                        Originally posted by onthewhat
                        big money bettors hit 100%

                        small money betters hit 0%

                        duh
                        not 100% but the thing is they usually have access to info that most bettors wouldn't such as the true status of key injuries, game plans and such
                        Comment
                        • LT Profits
                          SBR Aristocracy
                          • 10-27-06
                          • 90963

                          #13
                          Originally posted by TPowell
                          LT, do you have the records in college basketball this year? Just wondered what it would be
                          Code:
                          Book       	Record	Units	Win %
                          BetOnline	23-15-2	5.7	57.50%
                          Pinnacle	11-6-0	4.63	64.71%
                          CRIS       	32-25-4	3.85	52.46%
                          Bet Jamaica   	12-8-0	2.85	60.00%
                          Greek      	13-11-0	0.15	54.17%
                          Comment
                          • curious
                            Restricted User
                            • 07-20-07
                            • 9093

                            #14
                            Originally posted by The Seer
                            not 100% but the thing is they usually have access to info that most bettors wouldn't such as the true status of key injuries, game plans and such
                            I see. Thanks.
                            Comment
                            • pavyracer
                              SBR Aristocracy
                              • 04-12-07
                              • 82478

                              #15
                              Follow my picks and you don't have to worry about RLM and other imaginary gimmicks. 80% success rate in the business in 6 different sports.
                              Comment
                              • DevilDog
                                SBR High Roller
                                • 12-27-08
                                • 190

                                #16
                                Guys, RLM is just one of a number of tools you should use. Listen, I have been doing this for a long time and trust me...between the internet sites, the radio, TV, and the newspapers there is not much information that we don't get.

                                The thought that there are guys out there with secret information is an old bettors tale! Just not true in most cases. Maybe years ago that was true, but not now.

                                As for RLM being profitable...well the believers say it is but when the numbers are run it is pretty debatable. And there are so many ways to judge a RLM.

                                Now today is a pretty good example of RLM with the Arizona game. Close to 60% of the bets (around there) have been on the Falcons but the line has moved from Atlanta being three point favs to favs of only 1.5 to even an underdog. So that is a fairly serious line move.

                                Does that mean that Arizona will win? Of course not. At the half they are losing by three.

                                RLM is just a tool, it is that simple.
                                Comment
                                • curious
                                  Restricted User
                                  • 07-20-07
                                  • 9093

                                  #17
                                  Originally posted by DevilDog
                                  Guys, RLM is just one of a number of tools you should use. Listen, I have been doing this for a long time and trust me...between the internet sites, the radio, TV, and the newspapers there is not much information that we don't get.

                                  The thought that there are guys out there with secret information is an old bettors tale! Just not true in most cases. Maybe years ago that was true, but not now.

                                  As for RLM being profitable...well the believers say it is but when the numbers are run it is pretty debatable. And there are so many ways to judge a RLM.

                                  Now today is a pretty good example of RLM with the Arizona game. Close to 60% of the bets (around there) have been on the Falcons but the line has moved from Atlanta being three point favs to favs of only 1.5 to even an underdog. So that is a fairly serious line move.

                                  Does that mean that Arizona will win? Of course not. At the half they are losing by three.

                                  RLM is just a tool, it is that simple.
                                  The reason I asked this question, today Notre Dame was upset by St. John's. I had Notre Dame ML. There is a post in the NCAAB forum that St. John's had RLM and was a "play". I didn't know the poster so I discounted it. St. John's won straight up. So, my notre dame moneyline play lost.

                                  I have really good filters for finding big favs on the moneyline that win consistently. So, this RLM post got me to wondering.
                                  Comment
                                  • FreeFall
                                    SBR MVP
                                    • 02-20-08
                                    • 3365

                                    #18
                                    Originally posted by TPowell
                                    thats what I struggled with too. If you bet with big money, you'll succeed the same as they do. Not every big bettor is a genius, I'm sure there are some that just throw money around.
                                    I can agree with you, and I'm sure there are a lot of big bettors that throw money away. But in the long term which this is meant to be used, you can't last betting big money every single game. I think it's safe to assume that more than a majority are "smart" betters.
                                    Comment
                                    • Matt Rain
                                      SBR Hall of Famer
                                      • 02-13-07
                                      • 5001

                                      #19
                                      What DevilDog said. You still need to get a good number for reverse line moves to be profitable. If you bet the reverse line move at its "peak", i.e. at the worst number, it's most likely a -EV bet.
                                      Comment
                                      • DevilDog
                                        SBR High Roller
                                        • 12-27-08
                                        • 190

                                        #20
                                        Put it this way, if you have a game that is pretty close but you are leaning one way then a RLM favoring your leaning opinion is probably a pretty good idea to bet on.

                                        I really wish we could have definitive numbers on this for every sport this year, and I am sure someone does...but I don't know who.

                                        One final point...when I see a RLM like yesterday with Texas Tech and today with Atlanta I am going to have to have a pretty strong opinion on those teams to continue to take them.

                                        Texas Tech I believe opened at -7 yet I think the bets ON them were at like 70% and the line DROPPED to -5 or even -4. That is a STRONG RLM signal to take Ole Miss. They won outright of course.

                                        In the Falcon game Atlanta opened around a three point favorite with almost 61% (last figures i saw) of the bets on them. Yet the line dropped from Atlanta -3 to, in some places, to Arizona -1! That is a serious RLM! And the Cards won outright.

                                        Those moves are serious moves and need to be paid attention to. Again, I would like to see the numbers covered like this....how do RLM's do when 60%, 70%, 80% of the bets are on one team and the line stays the SAME, moves a half point, moves a full point, and so on.

                                        I think you would find some pretty solid numbers with the big line moves but I am not sure. A TRUE RLM is NOT when a team gets a huge percentage of the bets on them but the line DOES NOT MOVE. But some guys use that also.
                                        Last edited by DevilDog; 01-03-09, 11:10 PM.
                                        Comment
                                        • losturmarbles
                                          SBR MVP
                                          • 07-01-08
                                          • 4604

                                          #21
                                          nd didnt lose bc of rlm

                                          that being said, rlm can expose public bias which nd clearly had.

                                          i had nd at 68%, -212,
                                          so no way im laying -450
                                          Comment
                                          • curious
                                            Restricted User
                                            • 07-20-07
                                            • 9093

                                            #22
                                            Originally posted by losturmarbles
                                            nd didnt lose bc of rlm

                                            that being said, rlm can expose public bias which nd clearly had.

                                            i had nd at 68%, -212,
                                            so no way im laying -450
                                            How did you calculate that 68%? I used the pythag number adjusted for strength of schedule and had ND at a 84% probability of winning, or -525.
                                            Comment
                                            • losturmarbles
                                              SBR MVP
                                              • 07-01-08
                                              • 4604

                                              #23
                                              i dont like using the sos numbers bc they water down a teams pythag across all conferences.
                                              but this was a conference game so i came up with my own pyth using the off and def efficiency from pomeroy.
                                              pomeroy uses an exponent of 11.5 to figure his pythags, (he had nevada at 73% so a little under -300)

                                              i used exponent of 8.5 because it was a conference game and came up with nd pyth .83, sj pyth .70
                                              Comment
                                              • losturmarbles
                                                SBR MVP
                                                • 07-01-08
                                                • 4604

                                                #24
                                                i have a theory im going to apply to a model to use for matchups of teams from different conferences, but right now im trying to work on just conference games.
                                                Comment
                                                SBR Contests
                                                Collapse
                                                Top-Rated US Sportsbooks
                                                Collapse
                                                Working...