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Betting basics · 18 of 37
Sharp money
In one line: Bets from players who win over time. A market often moves toward the side they back.
Worked example
Sharp money has $25,000 resting on the other side, and the sharps' price for Team A is +100. A book posts +110 on Team A, which is 10 cents better than the sharps' price. If +100 is a 50% chance, +110 is worth 5% EV, because 0.50 times 2.10, minus 1, is 0.05.
Illustrative prices, not a live quote.
What it is
Sharp money is betting from players who win over time. Their bets tend to move a market toward the side they back, and books often adjust prices after they see that action.
A sharp move is a signal, not proof. Big amounts can come from many sources, and the market can still be wrong.
How to read it
Sharp money shows as a lot of money resting on one side of an exchange order book, and as a book price that is better than the price those sharps want. The cents figure shows how far the book's price beats them.
Look at depth. A deep order book means the price is more trustworthy than a thin one.
How it shows in Antic
The Sharp Money tool in Edge shows where big exchange money is resting, the price the sharps want, and how many cents the book's price beats it by.
Opportunity alerts for sharp money need at least $10,000 resting on one side and an edge of 2% or more.
Common mistakes
Following every big bet. A large amount on one side is not always informed money.
Chasing a move after it has happened. By the time a sharp move shows, the price you see may already be gone.
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