On this week’s Wise Kracks sports betting podcast, Jon Orlando and I welcome gambling writer, David Purdum. We have roundtable discussion on the recent launch of legal sports betting in New York, what it means for neighboring New Jersey and the overall changing landscape of legalized online sports betting in the US. In addition to our special guest, we discuss this week’s NFL Wild Card lineup and tips on how to take advantage of shifting lines during this picky football betting week.
All of this and more on this episode of Wise Kracks.
Legal Sports Betting in NY with David Purdum
It was a huge week for the legal sports betting industry in the US with New York State launching legal online sports wagering. And joining for us for the discussion is ESPN’s lead gambling writer, David Purdue. For years New Yorkers have been fueling the legal sports betting market in New Jersey and now, for the first time ever, they can do it legally in their very own state. Even with the highest tax rates in the country, Davit and I both predict that sportsbooks will be making money in no time, and that New Jersey will remain healthy despite losing an estimated 20% of its business, which was previously coming from New York. If you’re interested in the subject, this is a fascinating discussion between some of the most knowledgeable people on the subject you can find anywhere.
NFL Playoffs Betting Tips
I am still not ready to commit to anyone team being a standout to win the Super Bowl. I rarely picks sides anyway, but in today’s episode, we do talk NFL picks for the playoffs, highlighting some potential advantages with some of the spread lines being moved a lot in the past couple of days. There’s the potential for someone to take advantage of a slow-moving sportsbook and there might be live betting opportunities in this week’s schedule of games. Take the Raiders-Bengals game, for example, it opened at 6.5 points and is now at 5.5. The Eagles against the Bucs opened at 7 and went up to 9.5 before getting hit down to 8.5.
Very few people anticipated the possibility that the Jaguars would win their game, AND the Las Vegas Raiders and LA Chargers game would go into overtime, not even the sportsbooks. When this unlikely series of events happened, it opened the door to a devastating loss for sportsbooks if the Raiders-Chargers game ended in a draw. That’s because numerous individuals reportedly parlayed the Jags win with a draw between LV and LA, leading to some of the biggest potential payouts we’ve seen in a long time.
ESPN’s David Purdum explained that there would have been literally tens of millions of dollars worth of exposure for Vegas books if the game didn’t draw. This will likely go down as one of the biggest gambling-related stories associated with the NFL in the past few years, and we break it down for our listeners.
Wanted: Head Coach for the Dolphins
The Dolphins’ ownership must want a different vision for his team, despite winning eight of their last nine games. Most people don’t agree that results like that warrant firing a coach, but it many think it does point to ongoing problems in the team’s front office. This is an organization that has elected to make repeated coaching changes rather than cleaning house in the front office where it might matter the most. This lack of ability for the Dolphins ownership to realize the structural issues within their management has caused a great deal of distrust with their fan base.
It’s another fascinating story we dig into in detail in today’s episode.