Wednesday Sports Marketplace: NBA
Before we take a look at today’s sports marketplace, we wanted to highlight SportsInsights’ book, “Sports Investing” hitting #1 in its Sports>Gambling category on Amazon.
In today’s NBA marketplace, there are several games with lopsided betting action:
- Currently, the heaviest-bet game of the day is the New Orleans-New York Knicks game, which has the slightly-favored Knicks continuing to receive a lot of public support after obtaining Carmelo Anthony. There looks to be some smart money movement on New Orleans.
- The most lopsided-bet game of the day is currently the Washington-Golden State match-up, with the Washington Wizards receiving a measly 15% of the bets. Interestingly, the line has moved in the direction of Washington, meaning some heavy hitters like Washington at home. This reverse line movement — with Washington going from 1-point dogs to 1-point favorites – is a sign that “smart money” is in the direction of the line movement and against the public.