Wow! What an opening week for the NFL and for contrarian sports bettors! The underdogs showed out with a 12-4 week 1 finish, and 9 of those dogs won outright! The total bets being placed was phenomenal and definitely a sign of the spreading movement of legalization throughout the country. Contrarian bettors will be able to take HUGE advantage of the growing interest in sports betting and week 1 was a great start! We went 3-0 with our drinkfive Week 1 bets, so let’s keep that momentum rolling into week 2.
Week 2 is known as “overreaction week”. We have to be careful not to fall into this trap ourselves. A couple of my picks below have one of my favorite signals to follow as a contrarian bettor; reverse line movement. This is when the line moves in the opposite direction of what “makes sense”. It’s a terrific signal that, despite heavy public betting numbers on a team, the pros are on the other side and the books have enough liability with the pro money that the line moves away from the majority bet team.
Philadelphia +3.5 vs San Francisco:
This might be my favorite bet of the week. The 49ers are traveling across the country again to face the new-look Eagles at home. The look-ahead line opened at 4 and after week 1’s results dropped to 3.5, but what I really like about this game is the reverse line movement we have seen midweek. This number has now dropped to 3 in spite of the Eagles only seeing a third of the bets. Another great signal is the fact that 73% of the money is coming in on the Eagles even with the small bet count. This means heavier pro money is moving the needle and that is the side I want to be on. Try to grab the hook and get the 3.5 if you can to protect against the most common key number in the NFL. Remember, the lines move late on game day as both the public starts looking at the games more during the weekend and the limits rise so the pros can come in with bigger bets.
Indianapolis +3.5 vs Los Angeles Rams:
To me, this is a classic overreaction line for week 2. The Colts didn’t look great in their debut against the Seahawks, meanwhile, the Rams were featured on Sunday Night Football and had all eyes on them in prime time for their win. Keeping this simple the Colts lost to a very good team and the Rams beat an unimpressive Bears team at home. Another week for the Colts to prepare, and without uncertainty about Carson Wentz, facing a west coast team traveling east; I am taking the home dog here. The line has been bouncing all week. You may be able to hold out for a 4 or even better as Sunday's game time approaches, but every time the number has bumped to 4 this week it was immediately hit and dropped back down to 3.5 signaling sharp money coming in.
Under 54.5 Tennessee @ Seattle:
The look-ahead total for this game was 49 and Monday the lines shot up to 54. That is a lot of action very quickly, however, since Monday the line has settled in a bit. I think 54.5 is the best number from an overreaction high total. Seattle was impressive against Indianapolis last week and they are headed home to play in front of their home crowd for the first time since the 2019 season. Tennessee looked awful, and while that could be an overreaction itself, I don’t think it is. I feel like the Titans are regressing and they face a very tough matchup in Seattle with the Seahawks and the 12th man. The line movement tells us the under is a heavily sharp play in a pros vs joes betting matchup. 38% of the bets are on the under, while a massive 89% of the money is coming on the under. I think this line was way too inflated, but the public sees a high-powered offense against a bad defense and thinks the over is a no-brainer. Tennessee is going to rely on the run to keep that high-powered offense on the sidelines, and their defense only needs to come up with a couple of key stops to keep this one under the total.
While the early week bet counts were lower than week 1 I have still seen some impressive bet counts coming in throughout the week. This high level of interest is good for the contrarians. More public money means stronger signals and heavier betting on favorites and overs. This is giving us A TON of value early on this season and I think that had a lot to do with the record-setting week 1 covering record for the underdogs. We still have to stay consistent and stick to the strategy. Take what the lines show us, even the “hold your nose” plays like Detroit last week. Speaking of Detroit, let's end on a good lesson gleaned from that game. Detroit looked sharp all week and as the weekend approached we saw the number rise (all the way to 9.5). Early week bettors didn’t cover, but if you grabbed them on the weekend you either pushed or got the back-door cover with their comeback. This shows the importance of closing line value (beating the closing number) and sometimes waiting for the weekend line movements when more public betting and higher limits come into the books.
