Action Report: Bettors hammering Pats’ moneyline

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With Media Day in the books, the kickoff to Super Bowl XLIX is getting closer and closer. We at Covers are more than ready for the much-anticipated matchup, but how are sportsbooks feeling about the upcoming Big Game? We talk with Pinnacle Sports about just that.

As of Tuesday evening, 64 percent of spread wagers were on New England. It’s much more slanted on the moneyline, however, as 82 percent of bets are on the Patriots.

“Seattle is favored by the smallest of margins at -106 to New England’s -104,” said a source from Pinnacle. “This is the third time over the course of this market that Seattle has been the favorite, with New England’s price exceeding the Seahawks’ on two seperate occasions.”

After opening the defending champs as 2-point faves, Pinnacle, like most online shops, dropped that number quickly but things have become much more balanced a week later.

“It would appear that the initial push that moved New England from +2 to a pick’em has evened out to a degree,” the source said. “The Patriots’ BetShare in our first update on Jan. 22 was 67.6 percent. Considering the even handicap on our spread markets, the disparity between spread and moneyline BetShares is surprising.”

On the total, 61 percent of action is on the game going above the 47.5 number as of Tuesday evening.

“We saw a lot of movement on the total on Monday,” the book’s representative said. “After opening -120, the Over 47.5 started the day at -108 and moved to +102 before settling at -105, where it currently sits. The Over BetShare has dropped a bit since our first update, however.”

Interested in backing a side or total in the Super Bowl? Visit Pinnacle to get your bet in now.

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