Sharp bettors moving Packers-Saints odds
Wiseguy money is moving the pointspread for tonight’s NFL season opener between the New Orleans Saints and Green Bay Packers.
The Packers opened as 4-point home favorites but the spread can now be found as high as -5.5 at some sportsbooks.
“We had one of our sharpest guys come in and lay the 4 (points),” MGM/Mirage oddsmaker Jeff Stoneback told Covers.com Thursday afternoon. “Anytime this guy bets, we move the line.”
And it’s not just at the MGM/Mirage. The professionals are going everywhere to grab the lowest number they can find on the Packers. Cantor Gaming, which operates 10 sportsbooks in Las Vegas, bumped its spread to 5.5 early Thursday morning because of a steady flow of Packers money.
“We always open the Super Bowl champs high because we know the public is going to want to bet them,” Bob Scucci, director of race and sports for Coast Casinos, told Covers.com. “We know the numbers we get from oddsmakers will be a little inflated and then we bump it up.
“We knew the public would be on the Packers. It’s a little scary when the public and the sharps are on the same side though.”
MGM/Mirage and Coast Casinos are at 4.5 but even since moving the number from 4, the action is still mostly on Green Bay. Scucci and Stoneback both said their tickets counts were about 2-to-1 in favor of the Packers.
“I think 5.5 is the right number,” Cantor Gaming boss Mike Colbert told Covers.com.
Colbert opened his line at Packers -4 and says he moved it quickly to 5.5 because of Green Bay action in just the last two days. He also told us he doesn’t see his line closing with a spread larger than 5.5.
“We’ll be rooting for the Saints and the under,” Stoneback said.
That’s because sportsbooks are also getting hammered with over bets, but all three sportsbooks said it’s been pretty much all public action on the total. The over/under for the game opened as low as 46 but can now be found as high as 48 points.
“I think you’ll see some 48.5s maybe even some 49s by kickoff,” Stoneback said.
“We knew they’d bet the Packers and the over,” Scucci added. “Looks like we didn’t go high enough.”