CFL betting article

cfl betting article. couple years old but still relevant.

Canadian Football League: A Gold Mine In The Great White North?
by Bobby Bryde, 05/03

Charity Football League? or Canadian Football League? Those who bet the CFL regularly may be excused if they prefer the former. Betting - and beating - the CFL has become almost too easy; many bettors post season records of over 60 percent.

Why? The lines-makers just don’t put the work into it. In Las Vegas, only two or three books put it on the board, and those that do wait until Wednesday afternoon (or the day of the game) to put up the lines, allowing the bettors offshore a chance to move the numbers. It’s not unusual to see lines move 2, 3, or even 4 points after opening; in fact, most limits are so low (offshore books take two-three dimes at most on sides) one limit bet can move a game a full point. Since most books just play "follow the leader" and adjust their CFL lines without even taking a bet, this gives a player with several offshore accounts the opportunity to side/middle games.

Just lay -2.5, watch the screen light up, and before kickoff the worst case scenario is the bettor can buy back 3.5 to +4.0 points. CFL games rarely get middled, but it’s nice knowing if you hit a side hard early, you may get an opportunity to buy some back at kickoff.

How soft are the lines? Two years ago the Hamilton quarterback missed three games; the books didn’t know it and the bettors bet against the Ti-Cats all three games, which Hamilton lost. In game four, the quarterback, McManus, returned, and the books left the game off of the boar, having just found out the QB was hurt. The kicker was that McManus was returning that week. After sending an e-mail to a local line service notifying them, they still refused to send a line on the game. Oh, McManus played; Hamilton won. Sure, they put work into the numbers.

Last year a supervisor at the Horseshoe in Las Vegas was asked why they didn’t book the CFL. He replied: "We only book real sports here." On a screen above his flat head was a Major League baseball game in which all the players were sitting in the dugout because it was raining. I pointed to the screen, saying: "Yeah, but at least the CFL players aren’t afraid to get wet. But you book baseball, a real sport."

One Canadian bookie who has been betting Canadian Football for thirty years laughs when neophytes describe Las Vegas as the sports betting capitol of the world. "They [Las Vegas] take a nickel on the sides and $200 on totals. Shit, I take three dimes on totals and they shake on a two dollar bet!"

CRIS, an offshore book, has been putting up CFL lines for seven years. "Our action has improved, "says Mac, "but we put up CFL more as a courtesy than anything else."

Surprisingly, Mac says most CFL bettors aren’t from Canada. "We have some wise guy action, but it’s mostly a very small select group."

There are some drawbacks to betting the CFL. Unless one has an offshore account - forget it. Limits are low. Half-time lines are hard to find. U.S. residents don’t get the feeds, so unless a bettor has a satellite or internet access to the radio broadcasts, watching or listening to the games is impossible (which indirectly hurts handicapping). And just try finding a score. ESPN refuses to put CFL games on their ticker, saying: "There just isn’t the interest." CNNSI obviously doesn’t feel that’s the case, as they put CFL scores on their screen.

It seems like ages ago when CFL bettors in Las Vegas played at Gary Austin’s Sports Book, then trotted down the street to The Castaways to watch the sports-ticker and drink four-bit beers, and I wish it could be said that the Las Vegas books have grown with the times; unfortunately that hasn’t happened. Maybe the Canadian Football League had the Las Vegas sports book directors in mind when the CFL came up with their slogan: "Our Balls Are Bigger".

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Thin markets make for better opportunities in sports betting. I myself am no expert and only won small-change in my time in Las Vegas and a few years beyond on betting especially the NFL, but then the widespread entry of millennials along widespread legalization of sports betting changed the game forever and made it more challenging I think to find the lines to exploit.

Those bro-tastic covert gambling Daily Fantasy Sports apps did us no favours and were there only to groom the future audience, and it did work and muddled these lines and opportunities that were at hand with a thinner crowd.

In your time at it, have you noticed anything different for your approach and strategy when looking at lines? Are you betting more or less each year since about 2015?

If you have a budget and just spend it no matter what, I understand that approach too though that’s not what all veterans and old-timers do.

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Okay, I do not bet on sports and do not understand the finer details. I have a question? I realize that allowing betting might increase interest and therefore a potentially larger audience which translates into more revenue, but could the betting not be regulated such that a percentage of the amount wagered could be funneled back to the league? Is this even legal to take a portion? If the house wins, they pay the fee, if the better wins, they pay the fee. The trick would be how to regulate and collect. Betting only through casinos or registered outlets? Please educate me on how the betting on sports works.
This could be a significant amount of revenue for the league.

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Any league could make money by signing off it’s rights/licencing to a betting site in a long or short term deal. It could make that gaming site the “official” gaming site of that league. The deal could be a multi-million dollar deal over a short or long period of time, depends on the terms negotiated. Whatever revenues made from this venture will be equally distributed amongst it league team/owners

The website would be able to use actual team names and logos on it’s site while other sites, casinos and state and provincial lottery agencies can’t use team logos and must use only the city names.

This way takes the workload away from the leagues from operating their gaming sites

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Well as Dave just explained quite well again, even before any wagers the leagues are benefiting directly from sponsorship deals. Even before legal gambling. both Robert Kraft of the Patriots and Jerry Jones of the Cowboys had, and perhaps still do have along now with likely other owners, ownership stakes in the Daily Fantasy Sports sites that were covert gambling sites anyway.

I’m not sure of the legality of the league getting a direct stake in every single bet, and no doubt some owners would be all for that financially or in principle, but here we get into some new dark territory much like with the media outlets now having stakes in the action through ownership stakes in betting apps. Brace yourself folks.

I don’t like media partners having direct stakes in the action like for example Fox let alone any unregulated gaming firms like in the past.

You bet there will be greed and abuse and then regulation after the fact.

Already there has been one bad beat possibly foul play game with bets returned, but it was not due to government it was voluntary. What happens when the bad beats after a terrible, egregious call stand?

The NFL owners are generally a very conservative bunch and only came around to embracing Las Vegas in the last 5 years.

I think they’ll wait and see what the other leagues do first for sake of the political and other hazards before they stake any such new bets in such direct stakes that would be a literal piece of each and all the legal action!

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