Definition

Wagers placed by sharp bettors – professionals or very knowledgeable bettors – which can significantly influence odds. Sharp money is respected by bookmakers because it often represents well-researched positions. When sportsbooks detect sharp money on a side, they may move the line aggressively in response.

Formula

Example

If the odds on an underdog shorten from +200 to +150 despite only 30% of bets on them, that suggests **sharp money** hit the underdog (large, smart bets forcing the adjustment). For instance, one syndicate bet could move the line 15–20 points at once.