Why is the prop market inefficient?

[jjgold]

So called sharp gamblers have been beating it for years. I’m surprised the books can’t tighter lines

 

[BMR Genie]

For NBA especially..

 

[jjgold]

I don’t really look at them. It’s too time-consuming.

 

[fishhead]

Have a play on the LOBBY today

 

[kostasmalina]

This is JJ's first thought after watching Jokic record 8 straight triple doubles, then going to his book today to FINALLY bet it, and finding -210 for YES

 

[jjgold]

Lol

 

[djefferis]

Volume and lack of action on both sides.

A single gambler can send the market into lopsided action easily and cause a sizeable adjustment from risk adverse books.

Instead of accepting that risk is a needed part of their function and allowing exposure in small markets - some places insist on making money everywhere/everytime and it creates these problems.

Never got it myself - obviously a niche market - why not just accept the inflated margins and that long term if your bookmaking skills are correct you will be profitable instead of trying to beat everyone/every time ? This is what gets gamblers in trouble (action junkies) and books should be smarter to fall into the same trap.

 

[flyingillini]

By what standards JJ, others would disagree with you. God Bless