Updated: February 10, 2016
Stocks are about to rally – just ask the rare bettor who took the Broncos on Sunday.
While Sunday’s Super Bowl was a one-sided affair, the betting that preceded kickoff set records in sports books. More than 80% of the money and bets helped push the Carolina Panthers from 3.5-point to 6-point favorites. It’s the public’s favorite game to bet on, and they piled cash on the team that they just saw cruise to two blowout wins in a row.
Closer to kickoff, the “smart money” came in on Denver. The professionals waited through the initial wagering, and then bought value where they saw it.… Read more