First line is wrong. The rest is correct.
So you think public/fan betting behavior is a determiner of a team’s strength?
Casual betting fans have very little information about any team’s strengths or weaknesses beyond what coaches & journalists have said, which is also just superficial.
Sportsbooks also limit betting knowledge by setting maximum betting limits and individual betting limits to prevent large bettors with greater inside knowledge from betting large amounts & raising risk.
Therefore the actual knowledge behind most bets is quite limited.
Just like journalist know very little when they pick who is going to win the B12, the vast majority of bettors know very little, especially in the 1st half of the season.