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Pro sports bettor Gadoon Kryollos, better known as "Spanky", chimed in on the concept of bettors taking advantage of mispriced lines. When it it acceptable and when is it not?
EV Advisor on Twitter wrote:
"Books have absolutely no problem letting clueless bettors place bets with -90% ev. Sometimes on a single leg.
"There’s nothing immoral about betting +88. Worst boot-suckling take I’ve ever heard."
Spanky responded:
"There’s a fine line we walk in the bookie bettor relationship.
"Bettors should be able to take advantage of mispriced lines. I made a living doing it.
"However, a bettor betting a game +88 when the line is supposed to be +8, should be labeled a thief and should not only be thrown out, they should have their name shared with every other sportsbook and never be able to place a bet again."
There’s a fine line we walk in the bookie bettor relationship.
— spanky (@spanky) October 1, 2024
Bettors should be able to take advantage of mispriced lines. I made a living doing it.
However, a bettor betting a game +88 when the line is supposed to be +8, should be labeled a thief and should not only be thrown…
"It’s examples like this that kills all hope of restoring the bookie-bettor relationship," Spanky added. "I come up in a world where I’d have to see a guy every week and settle in person. What these young guns fail to understand is if you showed up trying to collect on such an egregious error, you might walk out with 9 fingers. Never compromise doing the right thing."
Mr. Peanut Bettor offered:
"I am not saying you can’t hit bad lines. I have. But it’s definitely not the same thing due to adverse selection.
"The bettor is aware of the bet they are placing when it’s made even if -EV. The book is not when it’s a mispriced line."
EV Advisor:
"You are quite literally saying that the book does not know what they are doing. Sorry not a viable argument.
"If Burger King sells a poisonous burger and someone dies, they don't get to use that argument in court. Somehow they sell tens of millions of burgers a day without poison."
Mr. Peanut Bettor:
"That's not what I am saying at all, I am saying comparing a player betting a line they chose which is -EV is similar to a book posting an opener and taking a bet which they know is -EV. Both sides are aware of the bet they're making.
"That's different than a flipped line."
Loftygols entered the conversation:
"Along this same line.. I have an off shore book that hangs limes from time to rime -12 -150/+12-150. This is pure thievery but it is put up with it or do not patronize...
"Broadly this is an incredibly nuanced argument from obvious idiocy to attempts at outright theft."
And Christopher Traina had this to say:
"They profit off of giving false dream expectations of crazy parlays and on top of it, they take so much extra juice out of those parlays. They are the thief’s. Have I bet on an Olympic event after the event was over and got 8-1 in the winner? Yes."
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