Everchanging bowl game odds: Kenny Pickett and the high-stakes guessing game between bookmakers and bettors
Since the opening lines for bowls hit the board at Caesars Sportsbooks on Dec. 5, the favorite has flipped in 10 games, and the spread in the Quick Lane Bowl has moved 11 points.
It's only the beginning of the annual high-stakes guessing game between bettors and bookmakers that has become a college football tradition during bowl season in the age of player opt-outs.
This time of year, bettors fire $10,000 and $20,000 limit bets at sportsbooks sometimes based on educated hunches that a star quarterback such as Pittsburgh's Kenny Pickett may opt out of a bowl game. Other times, well-connected bettors have the inside scoop from, for example, talkative alumni who like to spread the news before it hits the media.
To stay ahead, bookmakers are tasked with determining not only which players are in or out but also which bettors have the goods and which ones are just guessing. It's not easy.
"It's turned into wait and see what piece of information is going to blow up on some random Tuesday, where you have to move the line three or six points," Matt Metcalf, sportsbook director for Circa Sports, said.
Entire article:
https://www.espn.com/chalk/story/_/...-high-stakes-guessing-game-bookmakers-bettors
OK, who feels sorry for the poor bookies?