Sportsbooks Cashing In As Big Money Line Favourites Continue To Lose In The NFL

It has been a tough few weeks to be an NFL bettor, particularly if you have been backing the favourites each weekend.

The latest in a long line of upsets to leave customers disappointed came as Tom Brady and the Tampa Bay Buccaneers fell to defeat in the nation’s capital against the Washington Football Team 29-19.

The reigning Super Bowl champions came into the game as a 9.5 point favourite against a Washington team who had lost each of their previous four games coming into the weekend. On the money line, they were -450 to win the game outright.

Going into Sunday’s slate of NFL games there was more money wagered on the Buccaneers money line than any other market. Due to that result, sportsbooks enjoyed a third consecutive profitable weekend on NFL games.

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According to ESPN Stats and Information, there have been more seven-point underdog winners than we have seen within a three week stretch since 2018, with six different heavy underdogs pulling off outright upsets. 

That will likely force bettors to think twice ahead of next weekend’s slate of games, which features a number of seven-point underdogs such as the Detroit Lions, Houston Texans, Indianapolis Colts and New York Giants. That will only be reinforced when you learn that underdogs are covering the spread in 58.2% of games in the NFL this season.

The largest NFL bets placed at Caesars Sportsbook on the previous round of NFL fixtures were:

  • $520,000 on the Patriots -1.5 (Win)
  • $520,000 on the Chargers -2.5 (Loss)
  • $520,000 on the Lions +9 (Win)
  • $520,000 on the 49ers +4 (Win)
  • $495,000 on the Panthers +10.5 (Win)

The success continued for bookmakers with Monday Night Football, as the San Francisco 49ers upset the Los Angeles Rams. The Rams’ debuts of Odell Beckham Jr. and Von Miller didn’t exactly go to plan as they lost 31-10 in the California battle, denting their record to 7-3 as the 49ers improved to 4-5 to keep their season alive.

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dean carr

About Dean Carr

Dean is a sports betting writer specialising in match previews and betting strategy for football and UK horse racing. Dean has a wide range of expertise, including betting previews, recommendations, tactics, and betting psychology.