Interesting start to the NFL betting week
What an interesting start to the betting on Sunday’s game between the Patriots and the Steelers. All year the Pats have been the ultimate public team and money has been pouring in on them at ridiculous rates. They covered any number early in the season, but the last couple of weeks they haven’t even come close. Not only that, but they have looked vulnerable two weeks in a row in nationally televised games and they are now playing the best opponent they have played since Dallas. Suddenly, no one wants to bet on the Pats. Two thirds of the early action is on the Steelers. The line opened at 14.5 after the game last night, but was quickly adjusted down to 13 points. Actions is still heavy on the Steelers, so it will be very interesting to see how far the books are willing to drop a Patriots line. Watching it over the week will give us a pretty good indicator of how much faith the oddsmakers have in New England. The books have been making a pile of money on New England the last couple of weeks, and they know that if they drop it far enough then the fickle public will fall in love with New England again. I’m not yet sure how I will deal with it.
UPDATE: It has already plummeted down to 10.5 as of late Tuesday afternoon and looks like it may not stop there. Is it possible that we may, for once, actually see value on the Patriots this year?
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