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
National

Florida man charged with murdering son to play…

A Florida man annoyed that his 16-month-old crying son was preventing him from playing video games suffocated the toddler, police said on Friday.

International

Powerful 7.2 magnitude earthquake rattles Mexico

A powerful earthquake struck Mexico Friday, shaking buildings and sending people running into the street, although there were no reports of major damage.

News

OMG! Exercise can make skin (and butt) look…

A moderate exercise regime can turn back time and actually reverse the skin's aging process, according to new research. The study showed that a minimum…

Local

Oval oasis: Summer of fun kicks off this…

A bold partnership between the Fairmount Park Conservancy and the city's Parks and Recreation Department is kicking off this weekend with family activities re-activating this unused public space.

Entertainment

Whoopi Goldberg makes her debut as marijuana columnist

"It helps my head stop hurting, and with glaucoma your eyes ache, and she takes the ache out. It's wonderful," she said.

The Word

Kate Middleton made fun of Prince William's bald…

Kate Middleton and Prince William are in Sydney, Australia, right now, and it sounds like that brash Aussie sense of humor might be rubbing off.

The Word

Is Tom Cruise dating Laura Prepon?

"Mission: Impossible" star Cruise is said to be dating Laura Prepon, star of "Orange is the New Black."

Television

'Scandal' recap: Season 3, Episode 18, 'The Price…

Sally is Jesus, Olivia caused global warming, and Mellie's still drunk. Let's recap the Scandal finale. A church full of Washington insiders is about to…

MLB

Jimmy Rollins is key to Phillies success

When John Kruk was asked about what the Phillies need to contend for a playoff berth, the ESPN analyst said Jimmy Rollins needs to play like a MVP again.

MLB

Ben Revere lifts Phillies to avoid sweep

Ben Revere came through with a two-out RBI single against Atlanta’s tough lefthander Alex Wood.

NBA

Season wrap: 76ers make the grade

The 76ers opened the 2013-14 season with a victory over the Miami Heat. The Sixers closed the season with a win at Miami.

NBA

Fantasy basketball: Finding next year's NBA studs

Before we put the 2013-14 fantasy basketball season to bed, it’s worth thinking about next year’s breakouts while they’re fresh in our mind.

Tech

VIDEO: 'Vein-scanning' may become the future of paying

Designed to make transactions quicker and easier, the technology works by scanning the unique vein patterns in each person's palm.

Tech

#FollowFriday: 10 of the smartest Twitter accounts

Spending lots of time on Twitter? You might as well learn something. Here are some of the smartest accounts to follow.

Style

Light-up nail art syncs with phone

This Japanese technology syncs light-up nail art with your phone.

Wellbeing

Why is dance cardio taking off in NYC?

Instructors at some of the city's hottest classes explain why.