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Super Bowl line already moves 1.5 points: Betting public likes the Giants

Posted by in NFL Picks on January 21st, 2008 | Comment »

I just posted that the current Super Bowl line is -12.5.  Apparently there has been a lot of movement to the spread.  The line opened at Patriots -14 and a lot of the action came in on the Giants +14, this caused the spread to drop to Patriots -13 and then to where it is now at -12.5.  The spread may go down to -12.  Before I saw the spread, I was going to lean towards picking the Giants spread if they got a bunch of points (13 or more), but I won’t personally take the game myself because as described before (that I’m an Eagles fan), I will be hoping that they lose so I don’t have to hear it from every Giants fan that I know.

Here is what I came across at Vegas Watch:

There was about $90 million wagered in Nevada on the Super Bowl last year, which means there was something like $10 billion bet on it worldwide. That is greater than the GDP of 73 countries.

As expected, Pinnacle set the initial line at New England -14, and the over/under at 55. The early money has clearly been coming in on the Giants, as the line is now down to 13, and could drop to 12.5 in the near future. The Under is getting a lot of action as well, and is currently at 54.

The New England money line is -480, and the Giants are +440, putting the Pats at 81.7% to win. Apparently there is always a lot of action on the underdog’s money line in the Super Bowl, which makes sense, as people look at their momentum, saying they’re a “team of destiny” and such. It’ll be interesting to see if the NYG line moves down from +440 in the next couple weeks.

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