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.
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