An opening line is the first line that is set by linemakers for a game or event. The opening line is usually released several days or hours before the game or event starts. The opening line is also known as the initial line or the early line.
What is a Line?
A line, also known as odds or spread, is a numerical value that represents the expected outcome of a game or event. A line can be applied to various types of bets, such as point spread bets, totals bets, moneyline bets, futures bets, props bets, etc.
A line can be expressed in different formats, depending on the region or the sport. The most common formats are:
Decimal odds: This format shows how much money you will receive for every $1 wagered, including the original stake. For example, if Team A has decimal odds of 1.80 to win, it means that you will receive $1.80 for every $1 wagered, if Team A wins.
Fractional odds: This format shows how much profit you will receive for every $1 wagered, excluding the original stake. For example, if Team A has fractional odds of 4/5 to win, it means that you will receive $0.80 profit for every $1 wagered, if Team A wins.
American odds: This format shows how much money you will have to wager to win $100, or how much money you will receive for wagering $100, depending on whether the odds are positive or negative. For example, if Team A has American odds of -125 to win, it means that you will have to wager $125 to win $100, if Team A wins.
Who Sets the Line?
The line is set by linemakers, also known as oddsmakers or bookmakers. Linemakers are experts who work for sportsbooks or betting platforms. Their job is to create and adjust the lines for various games and events.
Linemakers use various sources and information to set the lines, such as:
The popularity and reputation of the teams or players involved
The current form and performance of the teams or players involved
The historical results and trends of the teams or players involved
The injuries, suspensions, or other factors that may affect the teams or players involved
The public opinion and demand for the bets
Linemakers aim to balance the bets on both sides of the market, so that they can make a profit regardless of the outcome. To do this, they may adjust the lines to attract or discourage bets on certain teams or players.
More about Opening Line?
The opening line is essentially the first chance for the betting public to see what the linemakers think of a game or event. The opening line reflects the linemakers’ opinion and analysis of various factors that may influence the outcome of a game or event.
However, the opening line is not fixed or final. The opening line can change or move before or during a game or event. The change or movement of a line is known as line movement.
Why Does Line Movement Occur?
Line movement occurs when linemakers adjust the lines for various reasons, such as:
To react to new information or news that may affect the outcome of a game or event
To correct a mistake or an error in setting the initial line
To follow the market trends or public opinion
Line movement can be influenced by various factors, such as:
The amount and frequency of bets placed on each team or player
The availability and reliability of information or news regarding each team or player
The timing and duration of bets placed on each team or player
The preferences and biases of bettors and linemakers
Line movement can be beneficial or detrimental for bettors, depending on their strategy and timing. Line movement can create opportunities or challenges for bettors who want to find value or lock in profit.
How to Bet on Opening Line?
Betting on opening line can be a profitable strategy if done correctly and carefully. Here are some tips on how to bet on opening line:
Do your research and analysis before placing your bets. Look at various sources and information that can help you evaluate and compare the teams or players involved, and their chances of winning or performing well. Look for factors that can give an advantage or a disadvantage to a team or player, such as statistics, trends, injuries, motivation, weather, etc.
Shop around and find the best line and payout for your bets. Compare different sportsbooks or betting platforms, and see which ones offer the best value or the lowest juice for your bets. You may also look for arbitrage opportunities or hedging options that can reduce your risk or increase your profit.
Be selective and disciplined with your bets. Don’t bet on every game or event. Look for spots where you have an edge or an opportunity over the linemakers or the market. Set a budget and stick to it. Don’t bet more than you can afford to lose or chase your losses.
Review your results and learn from your experience. Keep track of your bets and evaluate your performance. Identify your strengths and weaknesses, and improve your skills. Don’t let your emotions or biases affect your judgment or reasoning.
To Sum Up
Betting on opening line is a betting strategy that involves betting on the first line that is set by linemakers for a game or event. The opening line reflects the linemakers’ opinion and analysis of various factors that may influence the outcome of a game or event.
However, the opening line is not fixed or final. The opening line can change or move before or during a game or event. The change or movement of a line is known as line movement.
Betting on opening line has some advantages and disadvantages for bettors, depending on their strategy and timing. Betting on opening line can create opportunities or challenges for bettors who want to find value or lock in profit.
Therefore, bettors should be aware of the possibility of line movement and be prepared for it. Bettors should also follow some tips on how to bet on opening line, such as doing their research and analysis, shopping for the best line and payout, being selective and disciplined with their bets, and reviewing their results and learning from their experience.