Vegas betting lines caught up in Knicks’ Linsanity

The betting public has hopped on Jeremy Lin and the Knicks.

All the world’s gaga over Jeremy Lin, businesses are cashing in on his surprising rise and the sports books in Las Vegas are no different. In true market economy form, betting lines are following the money, creating an interesting opportunity for the wagering public.

Since Jeremy Lin’s meteoric rise to stardom, which began after he came into the game against the New Jersey Nets on Feb. 4, the Knicks are 6-3 against the spread. The line in their last game (against the Nets) closed at -9, after heavy action came in on the Nets at +10 and +9.5 late. This line looked a bit inflated from the start and as it turned out, with the Nets beating the Knicks 100-92, it was. This was most likely due to sports books assuming that most square bettors (the betting public), caught up in Linsanity, would back the Knicks at a number in, or close to, double digits regardless of factors that seemingly pointed in the other direction.

There were a few things that most of the betting public didn’t account for. Carmelo Anthony, and less importantly, Baron Davis, both returned to the lineup that night and had no prior game action to gel in the new-look Knicks offense with Lin running the show. Add in the fact that J.R. Smith had only played one game as a Knick since being signed, that Iman Shumpert — arguably the Knicks’ best shut-down defender — sat out with a knee injury, and that Tyson Chandler was dealing with a wrist injury, and you could make a case that the line against the Nets should have been lower than -9.

Bettors who recognized the bad line scored big. It was almost as bad as the onslaught of Lin puns and rumors that he’s dating Kim Kardashian.

As long as Lin continues to amaze with his great play running the point for the Knicks, we should continue to see inflated lines and we can thank the starstruck public for that.

Pick and choose your spots wisely when playing the Knicks, especially as a favorite, going forward. Until we see that Carmelo’s return, Smith’s impact and Linsanity can all co-exist, evaluate wisely.
Tonight’s line against the Atlanta Hawks opened at Knicks -4.5 and is already up to -6.5 at the time of this writing. Evidence here again of the Linflation factor? It certainly looks like it.


News
Entertainment
Sports
Lifestyle
International

'Barack Obama cheats on Michelle' claims Japanese politician…

A senior Japanese politician has marred Barack Obama's official visit to Tokyo with bizarre claims that the President cheats on his wife Michelle. Kazuyuki Hamada,…

International

British Royal family devastated by freak NY death…

The British royals have been left devastated by the death of Mark Shand, younger brother of Camilla, Duchess of Cornwall, after a freak fall in…

Local

DA: Homeless man severely beat by men in…

Two former college football players pleaded not guilty to the alleged severe beating of a homeless man in Allston earlier this year.

National

Hamas, Abbas's PLO announce reconciliation agreement

The Gaza-based Islamist group Hamas and President Mahmoud Abbas's Palestine Liberation Organization (PLO) agreed on Wednesday to a unity pact.

Television

‘Survivor: Cagayan’ recap: Episode 9

It was only an hour-long episode, but there's a lot to cover this week. The drama of Survivor strikes again as the identity of the…

Going Out

Thursty: Revamped Audubon is back in action

Having been a long time fan of Trina's Starlite Lounge in Inman Square, one of my only complaints about the place is that there's only…

Entertainment

Here's what to do in Boston this weekend

MUSIC Huun Huur Tu Friday, 8 p.m. First Church in Cambridge 11 Garden St., Cambridge $28, 617-876-4275 www.worldmusic.org This group comes from the tiny nation…

Television

TV watch list, Wednesday, April 23: 'Suburgatory,' 'Modern…

'Suburgatory' The men of "Suburgatory" go camping and Tessa mentors a social outcast in a Miss Chatswin contest, which brings her, once again, into conflict…

NFL

2014 NFL Mock Draft: Updated, new April 24…

2014 NFL Mock Draft: Updated, new April 24 version

MLB

MLB video highlights: Red Sox top Yankees, 5-1

John Lackey shines, Pineda ejected in Red Sox win

NHL

Bruins - Red Wings Game 4 preview: Boston…

Bruins - Red Wings Game 4 preview: Boston greedy for more dominance

MLB

Fantasy baseball: Searching for early season prospects

It’s relatively rare for a mediocre 30-year-old hitter to suddenly go nuts offensively for 162 games. That’s why minor league prospects are so exciting.

Style

Pippa Middleton's Etsy pick: Golden Thread Jewelry

Get a look at the jewelry Pippa Middleton loves and find out how you can buy it too.

Parenting

What every parent needs to know to get…

Mom and author of "Small Talk," Tracey Blake, shares her five practical tips to help you develop your children's language skills.

Sex

Subway crush: Meet your soulmate on your commute

Read about a couple who has been 40 years after meeting on the train.

Tech

Happy birthday, Game Boy! The handheld console turns…

Nintendo's Game Boy turns 25 this week. To commemorate, we look at some of its better games, like "Tetris" and "The Legend of Zelda: Link’s Awakening."