Adam Schefter shocked the sports world late Saturday Night, reporting that Andrew Luck would retire from the NFL. Betting markets reacted immediately.
Filed to ESPN: Andrew Luck has informed the Colts he is retiring from the NFL, per source. There will be a press conference Sunday to make it official, but Luck is mentally worn down, and now checking out.
— Adam Schefter (@AdamSchefter) August 25, 2019
While the sports world went into a frenzy, sports bettors scrambled to try to grab value wherever they could – whether it was betting the Colts’ opponents to win the AFC South or firing quickly at Season Long Win Total props against the Colts or for the other divisional teams.
Oddsmakers moved quickly to pull their lines down – some pulling them down immediately and others remained open for 15 minutes or even longer providing bettors a brief window to capture value – before the dust finally settled.
At Fanduel Sportsbook the Andrew Luck lead Colts were just +1500 (15-1) to win the Super Bowl. The Jacoby Brissett lead Colts can now be bet as high as +6000 (60-1) to win the Super Bowl showing a massive amount of respect towards Luck’s talent. While Luck’s news is by far the biggest story and among the biggest in NFL history, a wide variety of news has changed the NFL landscape since the NFL Futures markets opened SuperBowl odds back in June. The Cincinnati Bengals opened as 100-1 underdogs and can now be bet as high as 150-1 at Fanduel Sportsbook, with a key training camp injury to AJ Green and general lack of enthusiasm around their prospects. The Oakland Raiders have seen their odds drift along with Antonio Brown saga (70-1 now 100-1), while the Redskins (70-1 now 100-1) and Dolphins (150-1 now 170-1) have also seen their prices continue to increase.
On the flip side, we’ve seen some trends upward. Of course, in the AFC South, the Luck injury saw divisional foes prices shorten. The Jaguars have moved from 42-1 up to 31-1, the Titans from 50-1 to 40-1, while the Texans are still available at the same 30-1 price that they opened at. With Lamar Miller’s ACL injury capturing news circuits just before Luck’s news, perhaps there is still some value to betting on the Texans particularly if you believe that RB value towards the spread is minimal and the Duke Johnson acquisition will offset any loss from Miller.
Below are the comprehensive Super Bowl Odds comparison from Fanduel Sportsbook.
2019-20 NFL Futures: Super Bowl Odds at Fanduel Sportsbook
NFL Super Bowl Odds
|New England Patriots||700||700||0|
|Kansas City Chiefs||800||800||0|
|New Orleans Saints||850||900||50|
|Los Angeles Rams||900||1100||200|
|Los Angeles Chargers||1600||1500||-100|
|Green Bay Packers||1800||1900||100|
|San Francisco 49ers||3000||3600||600|
|New York Jets||6000||6000||0|
|Tampa Bay Buccaneers||6000||7000||1000|
|New York Giants||7000||8000||1000|