Barnett on Betting: Our cofounder takes a look at this week’s game action and gives us some compelling info on betting the Raiders vs. Redskins this week.
The fact that the Raiders are 9-4 ATS (against the spread) in their last 13 games is not only impressive since Derek Carr missed 2 of those games, but the Raiders are one of the most bet on teams in all of sports.
With the growing Raider Nation fan base here in the Las Vegas valley, both residents as well as visitors, betting on the Raiders happens more than betting against them (commonly known as fading). With this in mind, it becomes pretty clear that the Raiders value in the sports books takes a hit.
In the ideal sports book world, the book wants the action on games as evenly divided as possible. Knowing this, many bookmakers will shade the Raiders line 2 or 3 points when putting the line out, knowing 9 out of 10 bettors will be backing the Silver and Black.
The setting of these lines is typically a bad thing for a “favorite better”, however so far so good this season with the Raiders winning in Tennessee in Week 1 by 10 points (26-16) as a 1-point underdog, and this past Sunday clobbering the lowly Jets by 25 points (45-20) as a 14.5 point favorite.
This week features a Sunday Night Football showdown in Landover, MD., as a 3.5 point favorite vs. the Redskins. Winning on the road in the NFL is never an easy task and covering the spread as a road favorite is even tougher. However, the Raiders go into this contest covering an impressive 10 of their last 13 road games. Oakland has also won 4 out of their last 5 outright in Washington.
Other betting notes: 10 of the last 13 Raiders games, the total has gone over, however in the last five road games the total has gone under in four of them. The Raiders are currently 6.5/1 to win the Super Bowl as well as 3/1 to win the AFC. Both number are lower than should be based on the massive amount of betting on the Raiders. To win the Super Bowl the Patriots are 4/1 and the Steelers and Falcons are both 7/1, while the Packers sit at 8/1 after an awful showing vs. the Falcons on Sunday night.
Sports Betting 101
Betting games in a sports book varies to a certain degree from betting game with Rocco the Bookie. The first thing to know is the juice/the vig/the tax (whatever you want to call it) it typically 10%, so to win $100 you must wager $110. To win $500 you must put up $550. The advantage is it is legal and collecting your winnings is as simple as returning with your winning ticket. There is no wagering on credit (or credit cards and debit cards) as all bets are cash only. This can be advantageous as well, so you don’t bet outside your means and have Rocco and the fellas looking to snap your femur for lack of payment.