Wynn Las Vegas sports book director Johnny Avello tried to hang on with the Patriots -3 as long as he could, but finally had to give in on Thursday morning when the culmination of Giants money over the first 11 days of action became too much.
“It’s been non-stop Giants money,” said Avello who now has the Patriots -2½ (-115). “I’d rather go now and test the waters to see if I can find some Patriots money out there.”
Avello joins Coast Resorts (-2½ -115), MGM Resorts (-2½ -125) and the South Point (-2 ½ -110) who have already made the move below -3.
“I figure we have only seen about 12% of the action thus far and I already have the lowest money-line in town (Patriots -130/+110) that hasn’t attracted New England money, so I’m going to test it out and see what I can get. I definitely don’t want to be the last to make the move.”
The fact that Avello hasn’t had any large money nibbles on the money line at -130 is pretty telling. It’s a sign sharp money that may like the Patriots are waiting until the sports books get desperate closer to game time when we could see a -125 or -120 with a book crying out for any Patriots money.
Sharp money matters very little in the overall equation for the Super Bowl, but it’s always nice to use their bets as a barometer to what is attractive.
With all the action that has occurred thus far, Avello thinks this year’s Super Bowl numbers will beat last year’s $87.4 million handled throughout Nevada last year.
“Action is already bigger early than last year,” said Avello. “I don’t know if we can get to the record ($94.5 million in 2006), but I think we’ll beat last year’s. Between the massive following of the two teams and a low spread, I would be surprised if it didn’t surpass last year.”
Avello has also gotten a ton of action on his props. The biggest mover thus far has been the prop asking who will run the first offensive play.
“We opened the Giants at -120 and got a ton of action early and then I come to find out that the reason behind all the bets is that the Patriots have deferred 27 straight times,” Avello said with a chuckle. “So we’ve moved it pretty quick up the ladder -240. Who knows, the Giants could win the toss and defer themselves just to begin the game by not letting Belichick get his way.”