NFL Odds: One NJ Sportsbook Has Big Liability On Browns To Win The Super Bowl
NFL mini-camps are in full swing and the start of the regular season is three months away. Pointsbet sportsbook in New Jersey is offering a bunch of different futures and prop bets for the 2019 season and bettors have taken advantage by already wagering on a number of different online sports betting options.
The most popular NFL online betting futures market at PointsBet is which team will win the SuperBowl. The New England Patriots are the favorites at +650, followed by the Kansas City Chiefs (+800), New Orleans Saints (+900) and Indianapolis Colts (+900). The most tickets are on the Chiefs at +800, while the Colts’ odds have shortened to +900 after opening at +1800.
Large liability on the Browns
The team PointsBet has by far the largest liability on to win the Super Bowl is the Cleveland Browns. The Browns are currently the fifth favorite at +1400. However, the reason for the large liability is due to an odds freeze.
Cleveland’s odds to win the Super Bowl were 25-1 or longer at most sports books back in February. Then after trading for Odell Beckham, the Browns saw their odds drop below 20-1 at many shops. However, PointsBet was the one sportsbook in New Jersey to keep its odds at 30-1 for two weeks following the trade, attracting a flood of Browns money.
“We have a liability of over $250,000 right now on the Browns win the Super Bowl,” said Ron Shell, VP of Customer and Insights at PointsBet. ” “We had the best odds in the industry following the OBJ trade and bettors took advantage of it. We haven’t seen nearly as much money come in on them at 14-1.”
Bettors backing the local teams
PointsBet also has season win totals up for every NFL team. The Patriots have the highest projected win total at 11, while the Miami Dolphins have the lowest at 4.5. The most interest though is on local teams; the New York Jets and Philadelphia Eagles. The Jets season win total is set at 7 and the Eagles come in at 10. Bettors are taking the over on both teams.
“New Jersey bettors love the Jets this year,” said Shell. “We haven’t taken one under bet yet on their season win total. Every bet has been on over seven wins. Same thing with the Eagles. We’ve only taken one under bet on them with all the rest of the wagers going over 10 wins. It’s not surprising since those are local teams, although bettors aren’t as high on the Giants this year. They are going over and under on their total of six wins.”
Will a running back win MVP?
Another popular NFL futures bet at PointsBet is which player will win the MVP award. Last year’s winner Patrick Mahomes is the clear favorite at +400, followed by Andrew Luck (+800) and Drew Brees (+800). The most popular bets for MVP though once again are local players; Eagles QB Carson Wentz (+1300) and Giants RB Saquon Barkley (+40000). Bettors are backing Barkley, despite the fact only one running back (Adrian Peterson in 2012) has won the MVP award since 2006.
“One of our most popular markets is MVP,” said Shell. “Our biggest liability right now is on Carson Wentz and Saquon Barkley. Fans of the local teams like to put money on their favorite players. The most tickets are on Wentz. His odds have gone from 16-1 to 13-1.”
Even though it’s only June, Shell said the overall betting handle so far on NFL futures has been strong. He expects it to really pick up in August once preseason football starts.
“We always get an initial rush right after we post the odds,” said Shell. “It’s slowed down some but we expect another wave before the start of the season. People always like to bet on the NFL.”