Quote:
Originally Posted by Dave Schwartz
That's very interesting.
So, you are saying that the public's handicapping means more today than it did (say) 15 years ago?
I'm very surprised. My understanding was that the weight assigned dropped by around 25%.
But I have to admit that my information is completely second hand. I've never had any direct contact with either him or his current group.
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Hey, Dave, having never boned up much on the use of "models," I have a question. In what way do such syndicates as the one inspiring this thread bake the public's handicapping (projected odds?) into their processes? As a comparative baseline to identify overlays as per their own odds generated by handicapping programs? Or to help winnow the field down to true contenders? Or is it a three-tiered formula, so to speak, in which the morning line gets somehow integrated with real-time odds before a handicapping program is added in? Is that what the term "smoothing out" refers to?
