This article was written by Stephen Nover at Covers.
It’s one thing to put out NFL future book odds right after the Super Bowl. It’s another thing to put out the Week 1 betting line.
Both are available for wagering at sportsbooks on the Internet and in Las Vegas.
But it’s still another thing to put out NFL regular-season over/under win totals before the draft.
That didn’t deter the Venetian hotel in Las Vegas. The bookmakers there are already booking team win totals, taking up to $1,000.
“A lot of places get very conservative with it,” said Rob Akers, assistant sports book manager at the Venetian. “We don’t think the bettor has a huge advantage over us. So why not put it up?
“Let them (bettors) dictate to us what the line should be.”
Those firing away already have caused one line adjustment. The Seattle Seahawks win total opened 11 ½ and has since come down to 11. The last five Super Bowl losers failed to make the playoffs the following season.
The Indianapolis Colts have the highest over/under at 11 ½ despite no Edgerrin James. Then come the Seahawks and Pittsburgh Steelers each at 11, showing there is no dominant team on paper.
Of the 32 teams, 20 are between seven and 10 wins. That’s 62 percent. The lowest total is 5 on the San Francisco 49ers. The New Orleans Saints, Houston Texans and New York Jets are all at 5 ½ wins.
“Five and one-half is about as low we can go, but it’s all subject to change,” Akers said. “It’s all according to the money.”
By putting out over/unders so early, the Venetian is gambling there won’t be many changes to the NFL status quo.
A lot can happen, however, between now and September. The Green Bay Packers, for instance, are at 6 ½. What if Brett Favre comes back to Green Bay for another season, the Packers get a stud rookie picking fifth and manage to sign free agent Charles Woodson.
The Baltimore Ravens number is 7 ½. What if the Ravens are able to solve their terminal quarterback problem by trading for Steve McNair?
The Miami Dolphins are at 9. But what happens if Daunte Culpepper isn’t healthy enough to begin the season? The same question can be asked of the Cincinnati Bengals and their injured quarterback, Carson Palmer. The Bengals’ over/under is 9 ½.
This could leave the Venetian open to getting middled or sided on a team. Akers isn’t worried.
“Is it possible,” he said. “Yes, but the public also can get sided. It can work both ways. We just have to make sure to keep our eye on the information and make sure we’re on top of our game.”
What the bookmaker has going with this prop is a long time to build up interest on the wager since payoffs won’t come until January. But this prop, unlike futures bets, goes two-way although juice is factored in. The Venetian, for instance, is using a 30-cent line.
There are some sports gamblers, though, who put nearly their entire bankroll into these over/under props, believing they are the superior handicapper. One professional gambler said he bet around six figures just on baseball over/unders.
Other gamblers use this prop to scalp, looking for middles or trying to win on one side while pushing if the other side wins. These arbitragers now have a starting point for NFL over/unders.
The AFC West looks tough when you break the teams down into their respective divisions. The Denver Broncos’ over/under is 10, followed by the Kansas City Chiefs at 9, San Diego Chargers at 8 ½ and Oakland Raiders at 6 ½.
The much-improving NFC East is the only division where all four teams have an over/under of at least eight victories. The Dallas Cowboys lead the way at 9 ½. The New York Giants are at 9, followed by the Washington Redskins 8 ½ and Philadelphia Eagles at 8.
Chicago is the only NFC North Division team projected to finish above .500. The Bears are at 9, followed by the Minnesota Vikings at 8, Detroit Lions at 7 and Green Bay Packers at 6 ½.
Carolina leads the way in the NFC South Division with an over/under of 9 ½. Next is Tampa Bay at 9. Then comes Atlanta at 8 ½ followed by New Orleans at 5 ½.
In the NFC West Division, Seattle is 11 with Arizona at 8, followed by St. Louis at 7 ½ and San Francisco at 5.
The AFC East, North and South Divisions are spread out with the haves and have nots.
New England paces the AFC East with an over/under of 10. Miami is at 9, followed by Buffalo at 7 and then the Jets at 5 ½.
Jacksonville is the only team remotely close to Indy in the AFC South at 9 ½. Tennessee is 6 ½ and Houston is 5 ½.
Cleveland has the lowest total in the AFC North at 6 ½.