How to Decipher Sharp Bets

When you see some pretty sharp bets coming in over a period of time, how do you go about deciphering that? Some customers have edge over the bookies on some markets, but with regards to sharp betting, I think first we need to just quickly, I don't know, determine what a sharp is. With sharp flow, differentiating that from just broader flow, really you just start overweighting it's significance or at the very least respecting it. So another interesting thing when you talk about how do you react is the mandate of bookies is quite different across the board. For example, the smaller bookies, they'll generally have a mandate to trade a far flatter risk profile