Sharp Money Hits CFP National Championship Game for the First Time
In early College Football Playoff National Championship betting, sharp money had yet to make much of an impression on the betting line. However, after the line ticked down to Georgia +4 (after opening +4.5), our Bet Signals triggered a Steam Move on the Bulldogs at +4, which drove the line down to the current number of +3.5.
The line chart below, available to all Sportsbook Insider Pro subscribers for every game, summarizes how and why this line has moved since opening.
A Steam Move is defined as sudden, drastic and uniform line movement across the entire sports betting marketplace. Steam is the result of a sudden overload of money placed at multiple sportsbooks and, in most cases, occurs due to betting groups, betting syndicates and a few key players with the resources to “get down heavily” at multiple locations, all at once.
Vegas sportsbooks are also seeing professional action on Georgia, including one big bet at MGM:
Sharp money pouring in on Georgia, including six-figure bet at MGM Resorts sports books. Alabama down to 3.5-point favorite @LVSuperBook @CGTechnology_ and @southpointlv for Monday’s national title game #RJNow
— Todd Dewey (@tdewey33) January 4, 2018
With 59% of spread tickets on the Tide, there’s an early public vs. sharp showdown brewing with recreational bettors leaning towards Alabama while professional players have gotten down on Georgia at +4 or better.
Photo via Kirby Lee-USA TODAY Sports