Who doesn't like to win money? Have you ever seen a strapping young lad at a casino put all he's got on the 3rd 12 in roulette, come out with a victory, and frown like he's just lost his favorite WWF action figure? I didn't think so. Well, this same guy would be even more of a happy camper if he's bet on the Sixers to cover the spread all year.
Going into last night's game agains the Nets, the Sixers had a ridiculous record against the spread (ATS) of 13-4. They were unable to cover (or even win straight up), thereby putting their ATS record at 13-5. Despite the loss, the Sixers are still tied with the Nuggets for the league's best winning percentage ATS.
This stat is not surprising to me considering the amount of games they've blown the opposition out. When you consistently beat teams by 20+ points, chances are you're going to cover. Very rarely does a spread hit the 20 point margin and bettors behind the Sixers took advantage of this early on.
Is this streak sustainable, though? Like they normally do, Vegas will more than likely catch up and get the Sixers' ATS record back towards .500. The public will see that the Sixers are covering at this rate and assume that they can keep it up. This is exactly what Vegas wants. They'll start to inflate the lines on the Sixers, much like they do with public heavy teams like the Heat (8-10 ATS), Knicks (4-14 ATS), and Lakers (8-11 ATS) and take advantage of the Sixers' hot start.
If you've thrown money on the Sixers for the majority of the season so far, congratulations, you've made yourself a nice little profit. Always remember, Vegas catches up with itself so choose carefully from here on out.
0 recs | 9 comments
Got the Sixers at 50 to 1 and 25 to 1 to win the ’ship and the East respectively.
BrandonB - January 26, 2012
If you want a sure bet, buy Gold. It is at $1723 now and is projected to get to $2,000 this year. There are all kinds of strategies to play it, the easiest and probably most profitable is call options on certain mining stocks. Before you even think about trying to trade options, learn technical analysis.
Unlike gambling in Vegas on uncertain things like the outcome of a game, in the stock market there are fundamentals at work that inevitably can be used to your advantage.
It takes a long time learning what moves markets and how to position yourself to benefit. But you will never learn these skills unless you start. That doesn’t mean to jump in feet first, it means to study and learn for yourself. Don’t put up any money until you develop proper understanding, and never risk money you can’t afford to lose.
The best site for commentary on Gold that I have found is Jsmineset.com.
RickoT - January 26, 2012
Is Ricko spamming us?
Michael Levin - January 26, 2012
Ricko ... in the background.
Jordan Sams - January 26, 2012
I actually sold all my gold because my friend who is a stock/commodities trader told me to get rid of it before it goes down. I sold it, and surely enough it went down. It will be pretty unstable for a while, actually. The turmoil in Europe isn’t helping. Since this has nothing to do with the sixers, I’ll try to connect it by suggesting that the Boss has a gold grill, and thus his grill has gone down in value. He might have to up-it to platinum.
jefu - January 26, 2012
How about diamonds? How is Ivan Johnson’s grille doing?
dweebowitz - January 26, 2012
Talk to him again, because the bottom has happened. Gold is now at $1733, up from yesterday’s post! The Euro is doomed to fail, and it this is what is helping keep the Dollar strong from a relative standpoint. But the US is still in serious debt and will likely follow Europe in a downward slide. The bottom was bellow $1550, which was a dramatic slide from it’s last interim peak at just above $1900 this past Sept.
Forget about diamonds, which are not a real commodity, and in fact an artificial scarcity. In other words, there are plenty of diamonds, but they are held off the market. You can’t buy diamond futures!
The volatility in Gold is primarily the result of manipulation. There are a lot of people who want to keep Gold down in value, because they are already shorting the metal. The European governments do not want their citizens buying Gold, but they are quickly losing faith in their currency (with good cause) The US doesn’t want the Dollar strong for fear it will undermine any chances for a recovery. (The cheaper the Dollar, the lower the cost for overseas customers of our products, and the less attractive Chinese import goods are.)
The entire industrial world is under severe pressure because businesses can manufacture nearly anywhere for less than they can in Europe, N. America, Japan, Taiwan and S. Korea can. Even in China prices are rising to such an extent that their price advantage is eroded.
I don’t spam, and I won’t make any money if you buy Gold, as I don’t sell mine! Gold’s volatility is a great opportunity for the nimble, but understand at it’s root it is the only real money, every other currency is a debt instrument.
RickoT - January 27, 2012
just remember...
You see all those big and decadent casinos in Vegas? It took plenty of people wasting their hard-earned money to build them. That whole city wasn’t carved out of a desert so they could lose money…save your money and get on down to the CorestateFirstUnionWachoviaSusquehanaBankofthemonth center.
Blunt Philly Guy - January 26, 2012 via iPhone app
Jordan Sams is Vegas.
Jordan Sams - January 27, 2012
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