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Peter Childs, director of trading for offshore shop Sportsbook.ag.
“We opened New England a solid 6.5-point favorite, figuring Tom Brady and the Patriots would garner most of the action in their eighth Super Bowl appearance. Boy, were we wrong,” Childs said. “All the early money was on the Eagles and for the most part continues to be on the Eagles.”
Childs said it took about 30 minutes Sunday night to move from 6.5 to 6. The line dropped to 5.5 early Monday morning.
“While we started to see some Patriots money at -5.5, it wasn't nearly enough, as we continued to see more money on the Eagles at that price. On Monday evening, we got to Pats -5, which is our current number. At 5, we're seeing some real nice two-way action, and I believe we'll be holding at 5 for a good while.”
It’s not just pointspread betting drawing concern at Sportsbook.ag. Childs said major moneyline liability is building up on the underdog Eagles.
“We're seeing tons of Eagles money, from the opener of +185 to what we're currently dealing, +170,” Childs said. “We're seeing a good 2/1 ratio of Eagles moneyline, and since all that money is at a plus payout, our liability has gotten a bit out of hand. At this point, I believe we'll go lower on this moneyline as we get closer to game day, but for now, we're going to hold tight at -200/+170.
“One thing we've seen and expect to see more of as we get closer to game day is that, while the amount of tickets is very much in favor of the Eagles, the bigger wagers have been laying the big lumber on the Pats moneyline.”
Sportsbook.ag opened 47.5, went to 48 in a matter of minutes Sunday night, then went to 48.5 on Monday. The total was still at 48.5 Thursday afternoon.
“We were hit with all over money on that opener,” Childs said. “So far, 65 percent of the money is on the over, and it's our belief that as we get closer to game day, we're just going to see more and more over money. So we want to be a bit high (with where our total is) on this game.”
“We opened New England a solid 6.5-point favorite, figuring Tom Brady and the Patriots would garner most of the action in their eighth Super Bowl appearance. Boy, were we wrong,” Childs said. “All the early money was on the Eagles and for the most part continues to be on the Eagles.”
Childs said it took about 30 minutes Sunday night to move from 6.5 to 6. The line dropped to 5.5 early Monday morning.
“While we started to see some Patriots money at -5.5, it wasn't nearly enough, as we continued to see more money on the Eagles at that price. On Monday evening, we got to Pats -5, which is our current number. At 5, we're seeing some real nice two-way action, and I believe we'll be holding at 5 for a good while.”
It’s not just pointspread betting drawing concern at Sportsbook.ag. Childs said major moneyline liability is building up on the underdog Eagles.
“We're seeing tons of Eagles money, from the opener of +185 to what we're currently dealing, +170,” Childs said. “We're seeing a good 2/1 ratio of Eagles moneyline, and since all that money is at a plus payout, our liability has gotten a bit out of hand. At this point, I believe we'll go lower on this moneyline as we get closer to game day, but for now, we're going to hold tight at -200/+170.
“One thing we've seen and expect to see more of as we get closer to game day is that, while the amount of tickets is very much in favor of the Eagles, the bigger wagers have been laying the big lumber on the Pats moneyline.”
Sportsbook.ag opened 47.5, went to 48 in a matter of minutes Sunday night, then went to 48.5 on Monday. The total was still at 48.5 Thursday afternoon.
“We were hit with all over money on that opener,” Childs said. “So far, 65 percent of the money is on the over, and it's our belief that as we get closer to game day, we're just going to see more and more over money. So we want to be a bit high (with where our total is) on this game.”
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