MLS Betting Odds & Futures Market Update: Philadelphia Becomes Biggest Sportsbook Liability
Gregory Fisher/Icon Sportswire via Getty Images. Pictured: Philadelphia Union captain Alejandro Bedoya, center, and his teammates.
After a month and a half of Major League Soccer action, the Philadelphia Union are the public’s choice to take home MLS Cup, creating a major liability for at least one sportsbook.
According to BetMGM, more than 36% of its handle on the MLS Cup market belongs to the Union, who are also amassing just over 18% of the overall betting tickets.
Philadelphia opened at +1600 prior to the season, but currently sits at +900 following the influx of action that has occurred after the Eastern Conference club’s 4-1-0 start to the season.
Nashville SC accounts for the highest ticket percentage and second-biggest handle percentage at BetMGM, but the 15.6% handle is less than half of what the Union in accounting for at the moment. Nashville opened at +2500, but has dropped to +1800 after its 2-1-2 start, with the public not losing faith.
Atlanta United has the third-highest ticket percentage and the third-biggest liability at BetMGM, while New York City FC sits third in terms of handle.
MLS Cup favorite Los Angeles FC, which has moved from +700 to +550, accounts for just 2.3% of the ticket percentage and 0.7% of the handle percentage.
And the team that no one believes in? The San Jose Earthquakes, who are 0-2-3 to start the campaign. At +15000, the Earthquakes account for 0.0% of the ticket percentage and 0.0% of the handle.