A weekly look at the sports book industry shows that two teams, the Kansas City Chiefs and Seattle Seahawks both lost, which helped the books to yet another winning weekend.
Carson Palmer, the Arizona Cardinals quarterback, had four interceptions against Seattle by was able to lead his team to a straight up victory against a Seahawks team that was heavily favored to win.
Public bettors have been baffled of late and have abandoned the normal strategy they use for betting, which has traditionally included taking the favorites and laying the points.
However, that was not the case in Week 16. The favorites won 10 of the 16 games against the spread, which is a figure that normally would send shivers up sports books’ spines. However, the books ended up winning again for the 12th week this season, with their best win in weeks.
For sites like Bovada, sportsbook.com and betonline, the big game was when Indianapolis beat Kansas City outright. For many books like topbet, the Chiefs and Colts game had a large number of parlays and teasers.
When Seattle lost to Arizona, the sports books capped off their day, but if the Chiefs had covered the overall result would not have favored the books.
Many figured taking the Chiefs laying 7 points playing at Arrowhead after scoring 101 points in their two previous games on the road was a solid choice.
However, Kansas City was manhandled 23-7 in the game that produced just 30 total points, which was well below the 47 total, another area this week’s public bettor took a beating on, as they have come to love the OVER.
Sharp money took Arizona and the 10 points playing at Seattle, but most of the parlay bettors took Seattle and were laying the points.
Logic said for Arizona to stay alive in the playoff hunt they needed to win, but history has shown that the Seahawks just do not lose playing at home and for the most part cover. Prior to Sunday’s loss straight up, the Seahawks in 22 previous games were 17-5 at home ATS.
On Sunday, the UNDER finished 11-4, which also killed many parlays, as the public as stated before loves the OVER. For the last two weeks, the public had been right as the OVER went 10-6 in both weeks. It seems that with parlay bettors their first thought is going with the OVER.
The biggest loss of the day for most sports books was New England’s dominating win at Baltimore. The Ravens all season have been strong at home only losing to Green Bay prior to the Patriots. Baltimore opened as a favorite by 2.5 points, but it was New England that closed -1, and the Patriots easily covered in a rout 41-7.
New Orleans lost again on the road and Carolina covered, which hurt the sports books as well. The Saints are a far cry on the road to what they are at home in the Superdome. New Orleans has not covered in six consecutive road games.
Just one more week remains in the regular season and time will tell if the public can salvage a second win of the season before the postseason begins.