Wake and Rake: What the Sharps Already Bet in 76ers-Heat
We got away with one yesterday. Wednesday’s Wake and Rake highlighted the California-Stanford game in which early sharp action moved the Cardinal from -9.5 up to -10. Shortly after publishing, underdog buyback hit the market with the number eventually closing at Stanford -9.
In the game itself, Stanford jumped out to an early lead and never looked back, covering the number for early sharp bettors quite comfortably. While the record books show that bet as a win, the point of this column is to use the proprietary tools and data at The Action Network to identify early sharp action and approach betting similarly to how wiseguys do. Despite ultimately winning, professional bettors consider yesterday’s play a bad one due to the market’s reaction after getting money down. Still, as all bettors would, we’ll take the win and move on.
Professionals obviously are doing the same, highlighted by 76ers-Heat, which is already taking heavy action from sharp bettors. Let’s get to the details.