No, it isn't.
At all.
Obviously, Ohio State was much better than the -2 they were giving at Texas. Obviously, Notre Dame was better than the -7 they were laying at Penn State. Obviously, Vandy was WAY better than the +17 they were given at Alabama. (Or we were way worse than the -17 we were laying...you get the point) Is any of this true? Nope. No way to say.
It's exactly what he said it is: It is simply the number that Vegas thinks will get even money put on both teams, which is why it moves.
Do you really think if Bama's line shoots up to + 26 or 27 over La. Monroethat means we are suddenly in the eyes of Vegas two more points better? No, it means they are gonna lose their asses if Bama covers because they didn't set their number high enough to start with.
I had more than a few drinks one evening with one of the handicappers for one of the casinos in Vegas, and I assure you, the line has nothing to do with the quality, percieved or otherwise, of the two teams...the number is all about the money.
Period.
4Da