"The market disagreed and said our opener was garbage. That frenzy of bets led to a very candid Sunday night tweet from Benson that read, in part: When you put out a Super Bowl number and have big limits ($20,000 Sunday night), and you’re taking a stand by being off market, the bets come in hot and heavy." "Sometimes the market comes to us, and sometimes it doesn’t. It was one-way Eagles money for the first five minutes, given that we were off market," Benson explained. But again, that wasn’t alarming at all to anyone in Circa’s risk room. Where that number went was from Chiefs -2.5 to Eagles -1.5 in literally the first five minutes. We put up the number we thought was correct, then we start the bookmaking process, shaping where that number goes." "The whole exercise for us was price discovery. We felt confident in our number," Benson said. "I wasn’t very surprised to see others go out at pick ‘em. In fact, when markets first open, Circa Sports tends to revel in that prospect, seeing it very much as a learning opportunity. Still, it led to a pretty interesting few minutes in Circa Sports’ Super Bowl odds market.īenson said there was no concern about being a couple of points off market from competitors Sunday night.
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