A trading manager said BetMGM has received action on both sides of the first-round game between SMU and Penn State, but the Mustangs have drawn notable action at DraftKings and Caesars Sportsbook.
Texas head coach Steve Sarkisian, center left, reacts as his team recovers a fumble late in the fourth quarter of an NCAA college football game against Texas A&M, Saturday, Nov. 30, 2024, in College Station, Texas.
Expanding the playoff field from four to 12 teams this year meant more betting in general on college football and more varieties of wagering on the postseason. There were meaningful games played in the final month by not only Arizona State, Boise State and Indiana, but also SMU, Army and UNLV — a number of teams not always in the national title conversation.
Joey Feazel, who oversees football trading for Caesars, said much of the early betting in general was on underdogs. “There are a lot of teams that aren’t in the playoffs that would be favored,” Avello said. “That’s just not the way these playoffs work.”
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