Handle
By Michael Williams (8/23/2006)
Definition
The term ‘handle’ in sports gambling means the amount of money that a
sportsbook is
receiving on a sporting event.
Why is this relevant?
In pointspread games, such as the National Football League and the National
Basketball Association, handle consideration is actually a key angle to observe.
Since these major two sports attract many bettors, sportsbooks often shade a
‘public darling’. By going against these public darlings, and thereby going with
the sportsbooks, one will generally win in the long run.
Line movements
When a lot of money is put on one side, the line usually will move. For example,
if team A is favored by 6 points, and there is heavy action on this team,
sportsbooks will usually move the line in the direction of the favorite (in this
case to –6.5 points). When this occurs the sports bettor must be aware of what
is going on. In the NFL, where lines are released approximately a week prior to
the game, line movements at this time usually are the result of sharp money.
Line movements close to game time (ie. on the weekend) usually are due to public
money. Obviously, the sports gambler would want to follow the sharp, smart money
and fade public money line movements.
Reverse line movements
In some cases, line movements are in reverse. For example, if team A is favored
by 6 points, and the majority of the money is being poured in on team A, but the
line reverses (team A is now favored by –5.5), then this is known as a reverse
line movement. The explanation for this is clear—money that is being received by
the sportsbook on team B is that from sharps (or professional gamblers).
Sportsbooks respect sharp money and move their lines accordingly when these
types of gamblers hammer a side. Even though the public is on one side, and the
sportsbooks risk exposure if team A wins, they still hold and make team A a more
attractive side to bet on by moving it in favor of team B. More people now see
team A –5.5 and bet accordingly.
An NBA fade
If handle is too great on one side (>90%) on one side against the spread (ATS),
then consider playing the opposite. In more instances than none, a side that is
getting this much action is usually destined to lose. If such a game is on
national television, the situation improves vastly. Another great angle is to go
against the moneyline handle percentage. If people are pounding the moneyline on
the underdog, hoping for a nice payout, the favorite usually destroys the
underdog (by covering ATS quite comfortably).
Summary
In all, handle is the term used by the sportsbook to describe the amount of
money they are receiving on a sporting event.
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