How Do the Professionals Bet the Super Bowl?
The only sports bettor on Forbes’ recent list of Gambling Gurus, RJ Bell of Pregame.com is providing eye-popping Super Bowl information found nowhere else!
Las Vegas, Nevada (1/24/08) – Professional bettors in Las Vegas bet the Super Bowl different than the casual fan. Sports betting expert RJ Bell of Pregame.com reveals their secrets.
An interesting phenomenon happens each Super Bowl: the money line odds for the game (i.e., no point spread consideration, all that matters is which team wins) are significantly skewed downward.
Typically, there’s a standard conversation between point spreads and money lines. For example, if a team is favored by -3, the money line would be in the range of -155. RJ Bell of Pregame.com said: “For the Super Bowl, due to the fact that a disproportionate number of casual bettors want to ’take-a-shot’ at the big underdog payoff, the moneyline is cheaper than any other game of the year.”
For Super Bowl XLII, the Patriots, as -12 point favorites, would typically have a money line of -700. The actual money line is only -500!
Many pro bettors, understanding that money lines are mis-priced for the Super Bowl, will bet the favorite on the money line; and, as a hedge, the underdog on the point spread . . . creating an arbitrage!
The casual fan most likely won’t be interested in such a complicated bet tandem. RJ Bell of Pregame.com said: “If you want to bet like a pro, there’s greater value betting the pointspread if you like the underdog; and if you like the favorite, there’s greater value betting the money line.”
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RJ Bell, president of http://Pregame.com, has been featured on CBS News with Katie Couric, ABC News with Charles Gibson, Nightline, Sportscenter, Outside the Lines (ESPN), First Take (ESPN2), ESPN.com, ESPN National Radio, Yahoo, AOL.com, CNN.com – and in Wall Street Journal, Associated Press, LA Times, Newsweek.com, Maxim, and Forbes.
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