New Year’s Day Sports Marketplace
Happy New Year!
Here’s a quick look at today’s sports marketplace.
- In NCAA Football, TCU looks to complete an undefeated season and a “moral victory” in its claims to a national title. Bettors don’t believe they are as strong as their undefeated record — or their # 3 ranking. Almost 3 out of 4 bettors are taking the underdog, Wisconsin Badgers (#4 in most polls), who are slight (3 point) underdogs. It’s rare to have a favorite receive such a low percentage of bets. This game is also the heaviest-bet game in college football action today.
- In NBA action, the Miami-Golden State game is currently the heaviest-bet game of the day. Early in the season, Miami was overvalued. After they stumbled “out of the gate” — Miami became undervalued. Has the sports marketplace caught up with Miami? Almost 80% of the bets are on Miami in this game.
Please also check out SportsInsights’ 2010 Sports Year in Review. SportsInsights takes a unique look at the past year in sports. We review the champions of 2010 and look at value within the sports marketplace.