Quote:
Originally Posted by PaceAdvantage
But let's be real for a moment.
Hasn't the majority of handle always been bet by a minority of the players? At least in modern times?
The smart money is ALWAYS betting more than dumb money...always.
That's why it's the smart money.
But there are a lot more dumb players than smart players. So you would think the dumb players bet as much or more than the smart players, on the whole.
That never happens though...because, luckily, for the most part, the dumb players instinctively know they're dumb...so they don't bet a lot...
If they don't know they're dumb, then they just go broke quickly if they bet a lot more than they should.
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Maybe I'm wrong, but if you landed on the same horse as the "smart money" back in the day, It might still be an overlay. If you land on the same horse today, it's more than likely an underlay but becomes an overlay only if the rebate is large enough. The days of being patient and selective don't matter anymore because your perceived overlay is going to be bet down at the last second anyway.
