Sharps taking down NFL preseason

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Wiseguys had their way during the first full weekend of NFL preseason action where the favorites went 7-8-1 against-the-spread. Most Las Vegas sportsbooks take only $2,000 on the sides, so the damage wasn’t too bad, but it certainly was a rude awakening for bookmakers that football is back.

“We only had one game with a risk of over $5,000 because of low limits, but we lost them all,” said CG Technology sportsbook director Tony DiTommaso.

The salt in the wound was Saturday’s action when sharps and public action both cashed regularly with the favorites going 3-0 ATS led the popular Chiefs 38-17 home win against the Bengals.   

The biggest preseason loss of the weekend for the CG books was Thursday with wiseguys hammering the Dolphins.

“We opened the Dolphins early at -1 after the Falcons had just lost the Hall of Game game and sharp money immediately laid so we quickly went to -2.5 and they eventually pushed us over the 3,” DiTommaso said. “We got as high to -4.5.”

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The Falcons led 19-13 at the half so things looked good for the house the Dolphins second and third stringers outplayed the Falcons in the second-half, 21-8, to win 34-27.

One of the issues that CG books has to deal with being isolated mostly on the strip is not having as much public parlay action like Station Casinos, William Hill, Boyd Gaming or the South Point has. DiTommaso says 90 percent of their action on the preseason games were straight bets which is an extremely high tilt and lessens their chances to get out on the winning side of games when the wiseguys are correct. They’re missing out on the public greed of stacking multiple teams together for higher payouts that most local books consistently feed off of.

What’s crazy about CG having a lack of parlay business is that they have the best odds because they don’t use a pay chart. It’s all true odds like in baseball. CG books are also offering teasers on the preseason games with low limits ($500).

O’s miracle cover

There was a short line of bettors holding Astros tickets at -470 Sunday afternoon who were ready to cash as the ‘Stros had a 7-5 lead heading to the bottom of the ninth.

But the lowly Orioles would score three runs off closer Roberto Osuna capped off by a Rio Ruiz two-run homer to win 8-7. 

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Down go the Astros. The Orioles at +385 get the money for the few so brave and so do those that took +1.5 runs at +235, but there wasn’t a lot of either of those wagers.

“The high price scared away our usual Astros action,” said Wynn sportsbook director Doug Castaneda. “But it was definitely one of the most notable games of the season based on the high price going in and the see-saw lead changes in the last inning.”

Where the books like CG Technology and Westgate SuperBook cleaned up with was the run-line wager on the Astros (-270) tagged in parlays, which looked to be the dream cover up 7-5 in the top of the ninth. 

A lot of bettors thought they had a gimmie with Houston. But the Orioles had other ideas and ruined a lot of tickets. 

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