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How do books head off steam chasing? How do books head off steam chasing?

01-09-2008 , 04:07 PM
Besides moving their lines after steam chasers bet them up, what method do books use to adjust the lines before any action?

I ask because I use a certain book that seems to move its lines very quickly around 9-5 hours, but gets very slow later in the day.

Do you they actually have a couple of guys who just stare at Pinnacle and CRIS updating lines all day?
How do books head off steam chasing? Quote
01-09-2008 , 04:15 PM
Yes
How do books head off steam chasing? Quote
01-09-2008 , 04:21 PM
and they cut your limits, and worse, if they find you chasing late steam too much
How do books head off steam chasing? Quote
01-09-2008 , 04:47 PM
Quote:
Originally Posted by MyTurn2Raise
and they cut your limits, and worse, if they find you chasing late steam too much

I was curious about the process they use to beat steam chasers to the punch. I thought maybe they had some kind of automated system.
How do books head off steam chasing? Quote
01-09-2008 , 04:56 PM
NOOB QUESTION: Steam chasing?
How do books head off steam chasing? Quote
01-09-2008 , 05:08 PM
Books as well as the professional bettors subscribe to a LINE SERVICE. This line service lists the current lines being offered by various offshore, as well as some las vegas sportsbooks. You can set this up to alert you as soon as one or multiple books change their line on any game. Some books only move on action, while others will move when they see other books move. Of course this leads to manipulation by the syndicates who will put out pump fake moves and come piling back the other way after the move. This can also lead to manipulation by the books, who will put up a fake line, to get all the "clone" books to follow it and they themselves will go bet the bad line at the clone book.
How do books head off steam chasing? Quote
01-09-2008 , 06:10 PM
I love markets and arbitrage.
How do books head off steam chasing? Quote
01-09-2008 , 08:31 PM
Don's Best
How do books head off steam chasing? Quote
01-10-2008 , 05:18 AM
This new software befuddles me, so I don't know how to search the archives.

If you can figure out how, run a search with my screen name and the word "steam". I've written some long posts on this subject.
How do books head off steam chasing? Quote
01-12-2008 , 06:20 AM
BowlMeOne that is probally the best explanation to such a key handicapping tool ive read in awhile. Nice job
How do books head off steam chasing? Quote
01-13-2008 , 05:23 AM
Quote:
Originally Posted by BMF818
BowlMeOne that is probally the best explanation to such a key handicapping tool ive read in awhile. Nice job


ty
How do books head off steam chasing? Quote
01-13-2008 , 05:26 PM
Quote:
Originally Posted by Grasshopp3r
I love markets and arbitrage.
qfmft
How do books head off steam chasing? Quote

      
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