Originally posted by: Kevin Lewis
It was predictable that Jerry would make a stupid, uninformed, and obnoxious comment, but I was serious. There's simply not enough historical data to be able to research mismatch point spreads.
It is true that specialists in one team and/or conference, especially a lesser known one, can find weaknesses in Vegas lines. But I reiterate that it's virtually impossible to tell if a huge spread is worth betting into. And yes, Jerryhole, that's my opinion. I've never told you that you weren't entitled to yours or that yours isn't valid just because I don't agree with you.
Actually, as far as what sports are more beatable, that's been established for a long, long time.
Time for a brief history lesson. In the late 70's, 80's, and early 90's, former Seattle Times reporter Mike McCusker published an annual summary of sports service plays from football and basketball seasons. At its peak, "Tipsters or Gypsters?" also known as The McCusker Report, annually summarized both the monitored records and business practices of more than 100 sports services. It also tallied multi-year records on its back pages, at least 2, 3, and 5-year cumulative records. McCusker was based in Las Vegas, published "Tipsters or Gypsters?" there, and kept tabs on dozens of services every year until the mid-90's.
The ATS sports service records for college football were cumulatively much better than the NFL records. The same was true for college hoops compared to NBA.
So in terms of which sports were more beatable or more convincingly beatable, college was much, much more profitable than professional.
Side note: although Billy Walters, in his book Gambler, occasionally writes a line regarding how much he bet on certain NFL games, he makes no mention of which sports provided him with the most profits overall, and he states no overall percentages for different sports. There are reasons for that. Betting professional sports is much more popular than college, volume is higher, a higher percentage of people do so. Thus, in the interests of selling the book (two chapters are "how-to" chapters), Walters focuses entirely on the NFL. That's no accident. He's selling books. It's also no accident that his "how to's" involve the sport least amenable to being beaten long-term. He's not really cutting his own throat by sharing a few insights with civilians.