Public Money
The collective action of recreational bettors, who tend to favor favorites, overs, and popular teams. Public money volume is high but individually small bets.
Like following the crowd to a popular restaurant: the food might be good, but you're paying a premium for the hype.
Why it matters
When public money pushes a line, it often creates value on the other side. Books adjust lines to balance their liability, not to match fair value.
How DMP uses this
DMP's line movement analysis distinguishes between public-driven moves (gradual, one-directional) and sharp moves (sudden, sometimes reversed).
Common mistake
Assuming public money is always wrong — the public is often right on the winner, just wrong on the price.