Money on Alabama Crimson Tide College Football Playoff National Championship Game Outsider Drops Betting Line
The points spread on the college football playoff national championship game fell on Friday, with influential money appearing on the underdog in Alabama and shifting the line into the US betting market.
Several sportsbooks have reported receiving bets on the Crimson Tide +3 on Friday afternoon, bringing the line down to +2.5, where it opened last week. The line had been at Georgia -3 since last Saturday before moving around 2 p.m. ET on Friday.
Circa Sports, the Las Vegas-based bookie known for reaching out to influential punters, took several limited $ 100,000 bets on Alabama from respected customers this week, including Friday afternoon when a wave of Crimson Tide money hit the market from Nevada to New Jersey. “I respected these bets [on Alabama]Matt Metcalf, director of sports betting for Circa, told ESPN Friday. “For me, that number has a lot more room to drop than it has.”
Caesars Sportsbook also reported the arrival of money online in Alabama on Friday, but that overall Georgia drew most of the dollars on the game’s points spread. As of Friday, 72% of the points spread bets were on Alabama, but 70% of the money that had been wagered was on the Bulldogs.
âI thought there would be money for Alabama at some point, and today was the day,â said Adam Pullen, assistant director of trading for Caesars Sportsbook.
The bet on the absolute winner of the College Football Playoff National Championship (8 p.m. ET, ESPN) is much more one-sided at Caesars Sportsbook, where 91% of bets and 90% of dollars wagered on the money line are on the Tide. Red.
The lopsided action includes a $ 1.2 million bet on Alabama (+125) to win straight which was placed by Jim “Mattress Mack” McIngvale, the owner of the Houston furniture store who often uses the Marketplace. bets to cover promotional gifts. The bet would net $ 1.5 million.
Caesars also reported taking a $ 300,000 bet on the Crimson Tide (+125) from a Louisiana bettor earlier in the week. The over / under total was 52.5 for most sportsbook entering the weekend.