Super Bowl line moves: Odds move to key number
The odds for Super Bowl XLIII have only been posted for five days and sportsbooks already have the numbers on the move.
The line for the February 1 showdown between the Arizona Cardinals and Pittsburgh Steelers has moved from its opening number of 6.5 in favor of the AFC's Steelers to -7 as of Wednesday.
Betting Super Bowl XLIII
The Super Bowl is over a week away but you can get an early edge with Covers.com.
Will Boldin spoil the party?
Arizona wide receiver Anquan Boldin is not a happy camper.
Books have AFC bias?
Do books automatically favor the AFC in the Super Bowl?
Super Bowl Cinderellas
The Cardinals join the list of Super Bowl long shots.
Online sportsbook Logans.com was one of the many spots moving to a touchdown during the past two days. They opened with the spread at seven points but dropped it to 6.5 points. But with 68 percent of bettors on Pittsburgh, their oddsmakers jumped back to the key number.
Logans.com sportsbook manager Michael Perry says many customers are either buying or selling points, teasing the Steelers to -6 and the Cardinals to -7.5 in fear of the Super Bowl result landing on the seven points.
Books are also worried about the possibility of a push on the biggest betting day of the year.
“If the game lands on seven, that will be a brutal result for books,” says Perry.
In Las Vegas, sportsbooks and casinos like the MGM Mirage didn't bother with the half points and opened the spread at a touchdown. According to Jeff Stoneback, sportsbook director at MGM, they've taken relatively even action with a slight lean towards underdog Arizona in the first few days of betting.
Stoneback says with the spread at seven points, many bettors will wait to see if the line jumps a half point in either direction. He doesn't expect the majority of money to pour in until after the bye weekend and hasn't taken any sharp plays as of Wednesday afternoon.
The total at many books has also moved in recent days. Action has taken it from its opening post of 47 point to 46.5. The Mirage has remained steady on the 47-point opening total but admits that the majority of past Super Bowl total wagers have come in on the under.
“Usually in big games like this, bettors want to see scoring and pound the over,” says Stoneback. “But in recent Super Bowls, we've seen a lot of attention on the under.”