Vegas Watch

There was about $90 million wagered in Nevada on the Super Bowl last year, which means there was something like $10 billion bet on it worldwide. That is greater than the GDP of 73 countries.

As expected, Pinnacle set the initial line at New England -14, and the over/under at 55. The early money has clearly been coming in on the Giants, as the line is now down to 13, and could drop to 12.5 in the near future. The Under is getting a lot of action as well, and is currently at 54.

The New England money line is -480, and the Giants are +440, putting the Pats at 81.7% to win. Apparently there is always a lot of action on the underdog's money line in the Super Bowl, which makes sense, as people look at their momentum, saying they're a "team of destiny" and such. It'll be interesting to see if the NYG line moves down from +440 in the next couple weeks.

Edit: Down to 12.5. The Giants were getting most of the action at 13. The Pinnacle lines are now this:

NYG +12.5 -110
NE -12.5 +102

And Matchbook has it at:

NYG +12.5 -108
NE -12.5 +106

So it looks like a move to 12 may be coming.