[FarmBoy]

I'm not an expert in gambling, by any stretch, but I've always heard that if "homer fans" bet the line so that it's out of wack with the likely outcome, then the "wiseguys" step in and place money on the other side of the line in order to make a profit. But I don't know if pre-season bets on who will will the championship are the kind of bet that "wiseguys" focus on, since the pay off is so far out and they're betting on one team to beat the field. My sense is that line based betting is a fairly "efficient market" but maybe not if the category is too niche.

[FarmBoy]

I'm not an expert in gambling, by any stretch, but I've always heard that if "homer fans" bet the line so that it's out of wack with the likely outcome, then the "wiseguys" step in and place money on the other side of the line in order to make a profit. But I don't know if pre-season bets on who will will the championship are the kind of bet that "wiseguys" focus on, since the pay off is so far out and they're betting on one team to beat the field. My sense is that line based betting is a fairly "efficient market" but maybe not if the category is too niche.