Social Spreads is a new website that is a square players fantasy and a gift to bookmakers. Contrarian betting is a long-time successful way that professional gamblers use market conditions in evaluating winning picks.
Based on the theory that, “the masses are asses” it is also used on other forms of market investing.
Quite frankly, the way for pro gamblers to utilize the intel is just the opposite of what is said in Forbes.
The article claims, “For example, the New York Jets are playing the Buffalo Bills at MetLife Stadium in Week 1 of the 2012 NFL season. For the purpose of this article, assume that the Las Vegas line favors the Jets winning by 3 points. Yet, on SOCIALSPREADS, the crowd has picked the Jets to win by 7. As the picture above demonstrates, SOCIALSPREADS would suggest that if you are going to bet on the outcome of the game, you choose the Jets.”
That is the antithesis of what professional gamblers know to be true. As Grandmaster Sports Handicapper Joe Duffy, CEO of OffshoreInsiders.com, the top sports betting site in the world has with their sharp versus square picks, “Which is when our Vegas, offshore, and outlaw contacts tell us the majority of sharp money is betting one team, the square money the other. We go with the smart money as contrarian betting is used by many professional gamblers.”
Bookmakers are certainly hoping the Social Spreads concept, well spreads because the public will have more spread losses.