MONEYS MOVING IN VEGAS: CURRENT Super Bowl Betting Update

[Pic n Locs]

Update

We’ve been commenting a lot about the action at the South Point because they have essentially been the story on the Super Bowl betting season in Las Vegas. While every other book in town has been dealing either a -2 ½ (-120) or a -3 (EV), the South Point deals exclusively with flat numbers (-110) making their moves to -2 ½ and -3 the most attractive in the land.

In a matter of less than a half hour Monday afternoon, the South Point got a few large wagers that pushed the number back and forth again, which makes it four times bouncing on and off the key number. A massive wager on the Patriots at -2 ½ (-110) pushed them to their threshold at that number forcing them back to -3 (-110). Within 15 minutes, they immediately reached the threshold at +3 (-110) with a rapid succession of limit Giants money as though the bettors were waiting.

Anyone with sharp money betting limits knows that the best place to get the most value with the Super Bowl is with the South Point, so just about every group in town is on full alert to what is going on there. Why pay the added juice if you want to take the Giants +3 and why lay more than -110 on the Patriots if wanting to lay -2 ½?

The actual amounts of the wagers are not for public knowledge, but to give an idea based on past occurrences, just assume that the wagers are anywhere from $20,000 to $75,000 with a threshold at each move being around $100,000 to $150,000. That’s a lot of cheese to be churning with six days of action still remaining.

For now, the South Point has the Patriots -2 ½ (-110), again.

Update – Sunday Jan. 29 (12:30 p.m. PT)

Another Las Vegas sports book joined the small minus-2 ½ party Saturday when Coast Resort properties moved the Patriots to -2 ½ (-120). They join MGM Resorts (-2 ½ -125) and the South Point (-2 ½ -110) as the only books below -3.

Cantor Gaming sports books have been steady at Patriots -3 (-105) and the director of the books, Mike Colbert, says action has been great.

“We have almost the exact same amount of money of each side," said Colbert. “The only thing we are long on right now is the Giants money-line (+125).”

Info Complements of: Micah Roberts

[JunkyardDog47]

They are tweaking the line to try and get action. New England -2.5 -120 is the same thing as New England -3, -110. They just up'ed the vig. This is really nothing new. The play is New England -2.5 -110 to New England -3.5 -110, which waws available earlier in the week. Middle 3, or get into a pool. The rest of the wagers are designed to rip off Joe Pub.

[Pic n Locs]

Junk...

Benefit of the doubt possibly....but otherwise these comments sound really ignorant, i'll give the benefit but....

"They are tweaking the line to try and get action."

Regarding action on the Super Bowl, there is no try n to get action, its been coming in heavy early and often.

Vegas manipulates "tweaks" the # & moves the line solely based in accordance to limit liability...This is strictly referring the straight wager % edges.

"New England -2.5 -120 is the same thing as New England -3, -110."

The fine line the sports books walk is the Key # potentially landing @ 3 (middle'd with those who wagered heavy early NYG+3.5 only to rebuy NWE -2.5)

[twentyonekid]

i really like the south point casino,in fact i was there 2 weeks ago while in vegas.really like the sportsbook and its a all around really nice place.i just might stay there in sept.when i go out again.too bad its so far away from the strip though as its tough to compare numbers if you don't have someone helping you out and letting you know whats going on elsewhere

[grzftbl]

Originally Posted by twentyonekid

i really like the south point casino,in fact i was there 2 weeks ago while in vegas.really like the sportsbook and its a all around really nice place.i just might stay there in sept.when i go out again.too bad its so far away from the strip though as its tough to compare numbers if you don't have someone helping you out and letting you know whats going on elsewhere

I like it too. I like that the Sports Book & Race Book are NOT in the same room. I realize horse racing is big for these books but it sucks for March Madness to have half their TV's on horse racing during March Madness. Talkin 'bout Red Rock & GVR.