There are people that disagree and bookmakers who say that your second point will trump your first. Could be why the books on occasion, can lose big on a game and even mores win?
"Costa Rican Gopher"
Ok, makes sense now. That line didn't really open at -7 then, that is to say it was never available to the public to bet on at -7.
Bookmaker goes up first with their lines & what they do is allow one "wiseguy" (professional bettor) to bet into their lines first. They get them ironed out at greatly reduced limits that way. So in this case specifically, they took one bet at -7 at overnight (i.e. greatly reduced) limits, moved straight to -8 & took another overnight/reduced limit bet from the same account, then went to -9.5 where they opened the line for betting to the public.
Now they'll stay at -9.5, let the general public bet +9.5 all week and maybe come back to -9 if they get too lopsided. They're now on the "right side" of the game rooting with the wiseguy who "ironed out" their line & hoping their "squares" (recreational bettors) will lose.
Furthermore, for those that think the books are looking for 50/50 action on both sides of the games, well you just got a peek at how it really works.
http://www.forums.gopherhole.com/bo...oint-underdogs-at-Indiana&p=784089#post784089
A) I've certainly heard bookmakers on Chad Millman's podcast state that they sometimes want to take more action on one side or another because they think they can beat the public. But as a whole, they're planning on making most of their money on the vig.
B) Your example doesn't help your case. It calls -7 greatly reduced, meaning that the book knew it should be higher. It doesn't say that they came up with 7 as the right line. Regardless, you're talking about a movement of 2.5 points, which isn't really meaningful in the discussion. If you moved Wisconsin down 2.5 points in the rankings they'd still be #9. Are you arguing that Vegas doesn't use the computers to come up with the lines? Because most of the lines are within a point or 2 of the Sagarin Predictor.
C) Lastly, Sagarin does this for a living. His model has been tweaked and tuned for 20 years. And he says:
"To make predictions for upcoming games, simply compare the RATINGS of
the teams in question and allow an ADDITIONAL 3 points for the home
team. Thus, for example, a HOME team with a rating of 92 would be
favored by 5 points over a VISITING team having a rating of 90.
Or a VISITING team with a rating of 89 would be favored by 7 points
over a HOME team having a rating of 79."
"In PURE_ELO, only winning and losing matters; the score margin is of no consequence,
which makes it very good at retro-fitting the W-L results.
The PURE_ELO will be used by the BCS. However it is
less accurate in its predictions for upcoming games than is the PURE POINTS, in which the
score margin is the only thing that matters. PURE POINTS is also known as PREDICTOR,
BALLANTINE, RHEINGOLD, WHITE OWL and is a very good PREDICTOR of future games."