by Jimmy Mason, Director of Sportsbook Operations - 08/24/2005
There’s no way to sugar coat what happened this weekend. We the house cleaned up while having a record weekend.
Saturday the Atlanta Braves opened as -200 favorites, but we were tipped off early in the morning that the Padres would be a major ‘steam’ play by the ‘wiseguys’. Steam plays don’t always win, but we try to be on the ‘right side’ of the moves. We moved the number down to -180 and took a slew of action before moving up to -187 before the first pitch to stop the bleeding. Pedro Astacio (recently released from a cryogenically sealed tube) and the Padres win 7-2 and the house made a bundle.
Saturday also saw the biggest favorite of the day go down in 2-1 in a pitchers duel. Our players laid the amazing price on the A’s and Barry Zito against the hapless Royals at a rate of 12:1. Who could blame them after recently losing 19 games in a row? The ridiculously high price of -360 actually went UP and closed at -375! It’s very rare that you see a favorite price that high go up. Typically the ‘sharps’ will place some action on the dog on principal alone. This game alone killed 91% of all active parlays at the time of grading!
Sunday saw another unexpected upset that put a hurt on the players’ bank rolls. Greg Maddux and the Cubs were knocked off by the crummy Colorado Rockies. It was another game that saw a ticket count of over 10:1 as well. They say bookmaking is a marathon not a sprint but this weekend was like a 40 yard dash. .
Until next week, may all your wagers be winners…..
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