why do sportsbooks have different closing times for the same games?
noticed this a lot with nba and soccer especially. some books lock up way earlier than others for the exact same game, even without any last-minute injury news or lineup updates. i keep thinking the market would self-correct on that, since sharp money would want those late lines wherever they last, but there’s always a couple shops that hang on just a bit longer.
is this a pure risk management thing or are they tweaking for their local liquidity? i get that books copy each other’s moves, but closing windows seem all over the place. bugs me because you can sometimes see value float for a minute or two longer if you’re quick. would think they’d tighten up, but guess not.