Caesars Sportsbook NFL Futures Bettors Pile on the Buffalo Bills
The goal of any sportsbook is to balance out the bets on either side of a matchup. The books are looking to make their money on the 10 % juice charged on the losing side. When it comes to taking in action on futures bets with a number of different possible outcomes, the money bet tends to balance itself out on its own.
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A little less than four months out from the start of the 2022 NFL regular season, Caesars Sportsbook finds itself in a tricky situation when it comes the futures odds on the Buffalo Bills. According to gaming reports from that book, 41 of 206 futures bets of $1000 or more are on the Bills to win Super Bowl LVII.
Doing the math, the Bills account for 14.4% of the total betting handle on that one NFL futures bet alone. Going down the list, the second biggest betting volume on that same bet is 6.8% on the Tampa Bay Buccaneers.
It is still early enough in the offseason for things to balance out a bit. Caesars has already limited its liability by trimming the odds on the Bills for any new money coming in. However, this could be a sign for Buffalo fans that 2022 might just be the year that everything finally comes together.
The Super Bowl has always been a sore subject in upstate New York ever since the early 1990’s when the Bills won four-straight AFC Championships only to lose four-straight Super Bowls. Those were the days of quarterback Jim Kelly, running back Thurman Thomas and defensive lineman Bruce Smith.
The current Buffalo faithful are pinning this year’s Super Bowl title run on quarterback Josh Allen, wide receiver Stefon Diggs and a defense that was ranked first in the NFL last season in points allowed.
The Bills have been knocked out of the playoffs by the Kansas City Chiefs the last two seasons, so this stumbling block still remains in place. However, Buffalo also appears to be the best NFL team on paper heading into the 2022 campaign. More than a few NFL futures bettors are going with the theory that the Bills are due. Their fans would probably put an exclamation point on that statement by saying they are overdue.
Adam Pullen is the Assistant Director of Trading at Caesars Sportsbook. He had this to say about the current situation:
“Usually you have a wide variety of bets for each team for Super Bowl futures. So I’d think it’s very rare that one team totally dominates like the Bills are doing now. I just think the Bills have all the momentum in the public’s eyes, like it’s a matter of when not if they’re going to win the Super Bowl.”
He went on to add:
I’m not surprised they’re a popular choice. But as far as betting goes, for it to be that big of a difference is surprising, especially on a team that has pretty low odds.”
Adding to the domination, Buffalo has garnered 10.6% of all the NFL Super Bowl futures bet at Caesars Sportsbook to date. Last season’s AFC Champion Cincinnati Bengals are next on that list with 6.4% of the total bets placed.
Turning to Caesars Sportsbook’s current betting board to win Super Bowl LVII, the Bills are now listed as +700 favorites followed by the Buccaneers (+800) and Chiefs (+900). The Green Bay Packers are fourth on the board at +1100 with the reigning Super Bowl Champion Los Angeles Rams rounding out the Top 5 at +1200 odds.
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