« Reply #2 on: June 05, 2016, 08:21:56 PM »
I mean bookies and crowd create lines and they take margin. But are lines correct historically?
No universal answer for this question, but the only case when lines are wrong, is when a bookmaker goes under. If a bookmaker continues operating, it means that lines are correct.
Thats exactly why pinnacle are no1, they let the smartest people bet with them and still make a profit. Thats why I think they are the line, even sharper than exchanges.
They dont care that sometimes their odds create arbs, even with the exchanges, they let the money talk!