OLR - Title Games
January 16, 2017
Next Sunday’s conference championship games feature two of the NFL’s most public teams as underdogs, which may create betting value on the favorites. But with an historically-high total in the NFC title tilt, let’s start there with our opening line report.
The Westgate Las Vegas SuperBook hung 58.5 as its original over/under for Packers at Falcons, but that number didn’t last long, as the oddsmakers moved along with the market. That meant making an already huge total ever larger.
“We put up 58.5, thinking that probably would be high, and then we saw it come a little bit higher (offshore) and move in that direction, so we said, ‘we’ll go with it,’” Westgate manager Ed Salmons said Sunday night. “I mean, there are no numbers for these Packers-Falcons game to keep them ‘under.’ The first time they played (Oct. 30 in Atlanta) it was 33-32 (Falcons).”
The Falcons, in fact, are 14-2-1 to the ‘over’ this season, including Saturday’s 36-20 win against Seattle in the divisional round that flew ‘over’ the 51.5. The ‘over’ has cashed in 10 of the Packers’ last 12 games, including the most recent six.
Totals as large as next Sunday’s number are seldom seen in the league. There are only a few in history that have been higher.
-- According to Pro Football Reference, the highest-ever total for an NFL playoff game was 60 for the Lions at Saints in 2012. It went ‘over’ in New Orleans’ 45-28 win.
-- The highest total for any game in NFL history is 63 for the Rams-49ers in 2000. That game stayed ‘under’ with the Rams winning 34-24.
-- A 31-30 win by the Raiders over the Chiefs on Christmas Day in 2004 went over the total of 60.
The Packers-Falcons over/under price is “warranted based on what you see,” Salmons said. “Atlanta plays a high-tempo game and with Green Bay you’ve got all the ingredients to be a crazy high-scoring game.”
Jason Simbal, vice president of risk at CG Technology, had a different take. He agreed with the notion that the number is artificially high because of anticipated ‘over’ money from the public.
“I don’t necessarily think it’s justified,” Simbal said of the lofty total. “We were saying today, ‘What fan that’s been betting all these games and winning is going to bet ‘under’ in that game?’ They’re going to bet ‘over’ or they’re not going to bet it. The Falcons score 30 points a game, so they’re not going to bet the ‘under’. So we figured we’d open it pretty high, but the sharps thought it was too high.”
CG opened the total 60 and when the book moved with the market to 61 , respected money showed up on the ‘under’, prompting a move back in the other direction.
“When we got to 61, they bet it ‘under’ and they were pretty sizable bets, and that’s why we moved it down to 59.5,” Simbal said.
While public bettors tend to bet ‘over’, they get gun shy with totals this high, according to Salmons. But, with the way these playoffs are going, they may not be able to resist.
“The rule of thumb in the past is the public will back away from favorites in the NFL when they’re higher than 14 (or when totals get to a certain threshold), and we’ve never had a total this high that I can remember in a playoff game. But they were laying the Patriots (Saturday night vs. the Texans) like 16.5 was 6.5, so I wouldn’t be surprised if they bet it ‘over’. It wouldn’t surprise me if it moved up.”
By Monday morning, CG was dealing 59.5 for the total, while the Westgate was at 60 and Stations Casinos was at the high end of the market at 61.
Green Bay Packers at Atlanta Falcons (-4, 59.5), Sunday, 3:05 p.m. ET
The Westgate on Sunday night opened Atlanta -4 vs. Green Bay and moved to -4.5 after the first bet came on the favorite. The shop then adjusted with the market up to -5.5, but settled back to -4 later in the evening, Salmons said.
CG opened -4 and stood pat, booking two-way action at that price.
The Falcons went off at -6.5 vs. the Seahawks in Saturday night’s divisional playoff game, making the conference championship line against the Packers feel light. Thank the public nature of the Packers for that. According to CG’s power ratings, the Falcons are a theoretical 5.8-point favorite in this spot. The book went with a lower number because it is anticipating the public backing underdog Green Bay on the money line, Simbal said.
“I think you’re going to end up getting people who want to play Green Bay playing the money line at (about) +160,” he added. “I don’t think they’ll bother taking the 4 very much.”
Salmons said of public sentiment influencing this line, “If you reversed the team names and you made the Packers the Falcons and the Falcons the Packers, the line would probably be 7 or 7.5.”
Still, wiseguys weren’t interested early in the Falcons at -4, according to Simbal.
Green Bay cashed as the 3-point underdog in the Oct. 30 meeting between these teams, the aforementioned 33-32 win by Atlanta.
Pittsburgh Steelers at New England Patriots (-5.5, 51), Sunday, 6:35 p.m. ET
At CG Technology, the Patriots opened -5.5 vs. the Steelers in the AFC championship game, a number cheap enough to draw early sharp action on the favorite. The book took at a $4,000 bet and two $3,000 bets on New England on Sunday night, while only smaller, $200-type wagers came in on the dog.
According to CG’s power ratings, New England should be -6.5 or -7 at home vs. Pitt, Simbal said.
This game could be the rare sharps vs. public spot where the sharps are laying the points and the public is backing the dog.
“I figure the public to be on Pittsburgh here,” Simbal said. “They’re going to be on both dogs I think, money line specifically. We’re trying to hold back (on moving the line higher) because of that.”
But Salmons, whose shops opened New England -4.5 and moved with the market to -5.5, wouldn’t be surprised to see this spread grow to -6.5.
“It’s not going to take much (for that to happen),” he said. “It’s more than a field goal and less than a touchdown.”
He added, “I think we’ll get really good two-way action on this game. Next to Green Bay, Pittsburgh as an underdog is very popular.”
While these teams met Oct. 23, it’s a tough comparison to make, since Landry Jones was in for an injured Ben Roethlisberger. For what it’s worth, the Pats covered as 7.5-point road favorites in a 27-16 win but were outgained by the Steelers, 375-362.