Sports BIT: Another Big Win for Books & Portugal vs. Wales Free Picks

Teddy Covers

Wednesday, July 6, 2016 3:37 PM GMT

Wednesday, Jul. 6, 2016 3:37 PM GMT

Sportsbooks throughout the state of Nevada enjoyed a MONSTER Tuesday. On today’s SportsBIT, Teddy and Pauly break it all down, explaining exactly how and why the books cleaned up.

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The public lost. The wiseguys lost. The syndicates lost. All the big line moves cashed for the house.It was a similar story in the offshore world with books that cater to a US audience or to baseball bettors. 

Teddy opens with a story about a bookmaker friend that he talked to on Tuesday. After the Cubs, Red Sox, Rays and Nationals all lost in the early games, the bookmaker was able to go home for the night with exactly ZERO outstanding parlay liability before the West Coast games even started. That’s a rare occurrence, to put it mildly. 

It started with the Cubs getting betting odds up from -225 to -325, despite the fact that Chicago is in the midst of their worst stretch of the season; now 5-11 in their last 16 ballgames. They were favored in eight of those eleven losses, including five recent defeats at -170 or higher; real bankroll burners. When the best, most public team in baseball goes ice cold, there can be enormous profits to be made fading them. The books took those profits yesterday.

 

The Books also cleaned up on Tampa Bay. Syndicate money poured in on the Rays despite the fact that they entered the game in the midst of a 3-16 skid. The sharps were looking to fade Tim Lincecum (he wasn’t good again) and when Mike Trout was scratched, the markets, as usual, overreacted to a single key player sitting out. The end result? After getting bet up from -150 to -180 on sportsbook, Tampa got beat 13-5, not missing Trout one iota. It was another big win for the house.

What about the Red Sox? Boston has been a real money burner since the beginning of June, yet they’re still getting priced as an elite team by the markets. Boston’s longest winning streak since June 1st is two games, going 13-18 during that span. The Red Sox were priced at -120 or higher in 13 of those 18 defeats, and they’ve gone just 6-6 in their last dozen tries at -170 or higher. Tuesday’s loss came in a game where Boston had been bet up from -170 to -210, another huge win for the house.

There’s a ton of analysis like this on every SportsBIT – a thorough examination of the betting markets and betting picks every weekday, with Big Game Breakdowns looking ahead to tonight’s action. Check out today’s full show right here, right now (link).

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