Photo via David Butler II-USA TODAY Sports
Sharp Offshore Sportsbook Hammered with Patriots Money
Updated: Feb. 2 at 12:30 p.m. ET
Early Friday afternoon, an offshore sportsbook moved its Super Bowl 52 line to Patriots -4 (-110) for the first time since opening New England -6. While multiple offshore sportsbooks, as well as the Westgate Las Vegas Superbook, moved to -4 earlier in the week, today’s move is significant due to the sportsbook’s high limits and willingness to accept professional action.
Immediately after making the adjustment, sharp money pounded the Patriots, pushing the line up to -4 (-122) within five minutes. A few minutes later the Pats moved back to -4.5 (-112).
For more on the metrics, props, trends, and storylines that will define the matchup, check out our Ultimate Guide to Betting Super Bowl 52.
Updated: Jan. 30 at 8:45 a.m. ET
Monday afternoon, the Westgate Las Vegas Superbook became the first sportsbook to move the line for Super Bowl 52 down to the key number of Patriots -4. Some prominent offshore sportsbooks followed the move, dropping their numbers to New England -4 at well.
While the line is trending toward 4, the offshore and Las Vegas consensus remains Patriots -4.5.
Interestingly, one book is currently offering Philadelphia +6 (-105).
Updated: Jan. 26 at 8:14 p.m. ET
Steady Eagles money continued to hit the market Friday, driving the consensus offshore line down to Patriots -4.5.
In Las Vegas, CG Technology took a big bet on the Eagles and, like most offshore books, were heavy enough to move to 4.5 as well.
We took a 700k bet on Eagles moneyline today and now have well into 7-figure liability on Eagles moneyline as of now.
— Matthew Holt (@MatthewHoltVP) January 26, 2018
Boyd Gaming took it one step further, becoming the first book to move to Patriots -4 (-120).
Updated: Jan. 25 at 8:23 a.m. ET
Big money backing the Eagles came down in Las Vegas on Wednesday, including a multi-million-dollar wager:
Multi-million-dollar bet on Eagles @MGMRaceSports came from a customer “they’ve dealt with before.” MGM declined to specify on many of the details.
— David Payne Purdum (@DavidPurdum) January 25, 2018
Heavy with Philadelphia money, MGM moved their Super Bowl 52 line to Patriots -4.5, while the majority of Nevada casinos are still holding strong at -5.
Offshore tickets are steadily flowing in on Philadelphia as well. Fifty-nine percent of spread bets are now on the Eagles, up from 53% as of Tuesday. Similar to Las Vegas sportsbooks, the consensus Super Bowl 52 line is steady at Patriots -5.
Updated: Jan. 22 at 2:24 p.m. ET
While betting percentages remain relatively even for Super Bowl 52, enough early Eagles money has shown up to push the line down to Patriots -5 at a handful of offshore sportsbooks.
Because a move from 5.5 to 5 isn’t all that significant in terms of key NFL numbers, there are still multiple books offering New England -5.5 and even some 6’s still available, specifically at Las Vegas casinos.
Updated: Jan. 21 at 10 p.m. ET
The Patriots opened as consensus 6-point favorites in Super Bowl 52, with lines ranging from 5.5 to 6.5 depending on the shop. The total opened at 47.5. It didn’t take long for the consensus line to drop down to 5.5 behind some early Eagles money.
Ninety-four percent of early dollars wagered have taken the over, driving the number up to a consensus of 48 with some sportsbooks now at 48.5.
We’ll continue to monitor major line moves and betting trends for Super Bowl 52 here, so please check back often for updates.