Betting Preseason Football
Last week I talked about how the House comes up with a
pointspread and what it represents. Preseason football is the first
opportunity we have to bet pointspreads each year (in the bookmaking world,
your year starts in August) so naturally that is the topic for this week.
Unlike college football where there is no preseason, the pros play four
or five games to work out the kinks before the regular season starts.
Coaches use these games to sharpen skills that are tough to work on in
practice (special teams, tackling, etc.), to determine starting positions,
to test new offensive or defensive formations and to practice new plays at
game speed among other things. Some coaches are also under pressure to
perform well in preseason to help sell tickets or to gain a little job
security. Starting players use the preseason to sharpen their skills and
improve their timing while rookies and backups try and gain starting
positions. Unlike the regular season, where winning every game is everyone’s
goal, the preseason features a variety of mindsets for players and coaches
alike. This is the key to making money betting on preseason football –
understanding the motivation for every player and coach on a team.
Lets use the opening game between Washington and San Francisco (played in
Japan on August 3rd) as an example. The 49ers were 12-4 last year (two of
their losses were to the powerhouse St. Louis Rams), their key personnel on
offense are all returning (QB Jeff Garcia, RB Garrison Hearst, WRs Terrell
Owens and JJ Stokes) and the team understands the philosophy and playbook of
their coaching staff. The ‘Skins were just 8-8 last year (although they did
finish 8-3), have a new coach (their fourth in less than two years) who
emphasized the passing game in college so they have a whole new playbook to
learn and will have to so without any of last year’s QBs (Tony Banks, Jeff
George and Kent Graham who is now with Houston) or leading receiver (Michael
Westbrook who is now with Cincinnati). The two teams had unimpressive
preseason records in 2001. Both teams were 1-3, but Washington failed to
cover a single pointspread while the 49ers were 2-2 ATS
(against-the-spread). On paper the 49ers had to be the favorite team and the
opening line was San Francisco –2.5 based on talent alone.
Early action was very light as bettors waited to hear how the coaches
would approach the game. It became evident very quickly via interviews that
Washington’s rookie coach Steve Spurrier was going to play his starters much
longer than the 49er starters, especially on offense where his playbook is
very complex and key starting roles have yet to be determined. He was going
to use this game to teach the playbook to the entire offensive unit as well
as evaluate the best players for starting roles. Washington also has a new
defensive outlook with former Ravens defensive whiz Marvin Lewis at the helm
and he too was looking to teach his schemes to his squad. San Francisco on
the other hand has relatively set starting units and familiar playbooks so
head coach Steve Mariucci was looking at this game as a chance to evaluate
second and third-string players for back-up roles. Books quickly moved the
line from 49ers –2.5 all the way to Washington –3 as action came the
Redskins way at every point in between.
The game wasn’t close for long. San Francisco’s second stringers scored
to go up 7-0 early in the second quarter but it was all Redskins from there.
The Redskins starting offensive line was in the game in the third quarter
while the 49ers starting linemen were resting well before halftime.
Washington’s starting QB Sage Rosenfels played the entire first half and
attempted 20 passes while San Francisco’s starting QB Jeff Garcia played
just 10 minutes and attempted only four passes. Washington’s second-string
QB Danny Wuerffel played the entire second half and attempted 25 passes,
many with a large lead and against the third and fourth string-players of
San Francisco. The 49ers on the other hand played three other QBs who
attempted just 19 passes. Spurrier wanted his new team to believe in his
system and his bosses to be impressed. Mariucci wanted to evaluate talent
and expose some bench players to more playing time to help his team later in
the regular season when injuries take their toll. One other item of note,
these two teams meet again in September and so the 49ers did not run any
plays from their regular playbook that the Redskins will see in the regular
season game. The Redskins demonstrated no such forethought. It all boiled
down to a 38-7 Redskins win but it was evident on the field that talent
wasn’t the deciding factor, motivation was.
Preseason NFL handle has grown steadily over the past few years as more
and more bettors begin to understand how to handicap the games. It wasn’t
very long ago that just a handful of books offered lines on these games.
Now, every sportsbook takes the basic wagers such as spreads, totals,
parlays and teasers for the exhibition season and many shops are adding
other modern wager types like first-halfs, half-times, quarter lines and
even the occasional prop bet. From the House’s point-of-view, more games are
always better so I expect this trend to continue in the future.
The biggest difference between regular season and preseason for the books
side is that they are far more aggressive with line moves. I asked BoDog’s
top book manager Kent for his thoughts on preseason line moves. “With
regular season lines, we have a pretty good idea what the spread should be
and where it will close so line moves are made with calculated precision.
With preseason we have some ideas but because the handle is lower for every
game and there are so many player changes we just follow the money and try a
lot harder to balance action. This means there are a few more games where
the score falls on a bad number for the house because of the extra line
moves so we compensate by keeping the maximum a little lower.”
I also asked for his thoughts on the first full week of preseason games.
“Last weekend we did very well when late public money came in heavy on the
49ers and Texans in the Hall-of-Fame Weekend games. The total in the
Texans-Giants Monday Night game was bet heavily down from 31 to 29 and with
the total landing on 51 we got the NFL season off to a great start. On
Thursday, everybody was in on Pittsburgh and the Over so that game (Jets
16-6) was great as well. Friday saw big action and players winning with the
Falcons and a moderate win for the House with Dallas beating the Raiders.
Saturday was a little ugly as big line moves were the order of the day. For
example, Denver moved from +1 to –3 and the Titans went from +1 to –2. There
were also a few scores resulted in sides and middles in favor of the
players. The Redskins opened and closed as 7-point favorites with some moves
to –7.5 and –8 in there so their 37-30 win wasn’t great for us. The
Giants/Pats game also fell on the line (Giants –3 and 22-19 final score), as
did the Titans/Rams game (28-26 final). We lost on the Broncos and Browns,
but did well on the Saints and Chargers. Overall, it was a break-even day
but it was good to have to think through the key-number line moves that we
haven’t had to do since Super Bowl. Then there was the Monday Night game
where we were heavy on Miami +6 and Gruden elects to punt in the last minute
with a 4-point lead from the Dolphins 27 instead of kicking a Field Goal to
go up 7 and cover. Oh well, that's why they play the games.”
For those of you that are new to betting, I will be talking a little more
about sides, middles, line moves and key numbers in upcoming columns so stay
tuned. Next week I will cover balancing action, which
involves all of these factors. For now, remember to think about the
motivation of the team you are playing. I also recommend checking coaches
past records in pre-season for an indication. Perhaps knowing the 49ers were
just 2-7 in the last two pre-seasons (4-5 ATS) would have helped you cash in
on the Redskins last Saturday, if you didn’t already…
I always welcome comments, questions and suggestions via email at
rob@bodog.com