On standing there is a natural tendency for oil in the tank to flow into the sump via the pump, the timing bush and from there onto the big end bearings. The oil way branches to the PRV....(Pressure Relief Valve the big nut on the crankcase front).
The anti- wet sumping valve is situated between the pump and the timing bush. It is a simple spring loaded ball, which moves under oil pressure to open the oil way to the timing bush. It is supposed to "hold back the tide" when the engine is not running. Only accessible with the crankcases split
This oil drain down can be minimal on a bike with a good pump and bearings, to the other end of the spectrum where the oil tank empties in a few days.
Used every day a smokey start for a few moments is tolerable, but if irregular use is the norm, draining the sump before start up is the way to go. Too much oil in the sump will reveal every weak gasket and get complaints from the neighbours due to the smokescreen.
As a rule of thumb, checking the oil tank contents should be part of the start procedure, no oil...... It's in the sump. On starting the return should be strong and steady, as there is always some degree of drain down reducing to a gulp as the sump clears. Good motors do this quickly, not so for the majority running less well fettled machines.
Swarfy