Knicks' Struggles Generating Big Profits For Sharps

Jason Lake

Wednesday, February 1, 2017 3:06 PM UTC

Wednesday, Feb. 1, 2017 3:06 PM UTC

Everyone’s laughing at the dysfunctional, struggling New York Knicks – except for sharp bettors. They’ve been laughing all the way to the bank by putting New York in their basketball picks.

People love it when the New York Knicks are struggling. And the New York Yankees, Mets, Islanders, Rangers, Giants and Jets. Might as well throw the Brooklyn Nets on the pile, too. Any team that calls the Big Apple home is leaving itself open to ridicule. But the Knicks have earned a special place at the head of the animosity table. They haven’t won the NBA championship since 1973, and they’ve had just two winning seasons this millennium.

The Knicks are also one of the most profitable NBA picks in the league this year. Rumors of their demise have been greatly exaggerated; people are all wrapped up in the sniping between star forward Carmelo Anthony (+0.2 BPM) and President of Basketball Operations Phil Jackson – and between Jackson and LeBron James, who didn’t like the way Jackson used the word “posse” to describe James’ coterie. Is “coterie” all right? Why can’t we all just get along?

Fairytale Of New York

Here’s the thing: The Knicks made big strides last year, Jackson’s second season at the helm, going 32-50 SU and 44-38 ATS. That was a 15-win improvement over the previous year. Their winning percentage has increased even further in 2016-17, but you wouldn’t know it unless you’ve been paying attention to facts. Not enough people do these days. Phase 3: Profit.

As for Anthony, he’s on the trading block now, something that seemed virtually impossible just a few months ago – he’s got a fat contract and a no-trade clause, playing in the largest market there is. Anthony is also having his worst season since the Denver Nuggets gave up and traded him to New York in 2011. Then-Nuggets GM Masai Ujiri soaked the Knicks on that deal, big time. Now someone else is about to take Anthony – maybe even the Cleveland Cavaliers. As if they weren’t already having enough trouble beating the NBA odds. Bet accordingly.

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