Apparently the Denver Broncos Have Lots of Dumb Fans

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The other day I noticed that the Broncos were favored to win the Super Bowl, and I was puzzled. I thought the Seahawks were favored. But I don’t pay a lot of attention to this stuff, so I figured I just misread something somewhere.

But no! Apparently the betting line has changed substantially over the past week or so. The New York Times explains why:

The [oddsmakers] know things. They know there are two kinds of money: the sharp dough of professional gamblers and the square dollars of the public. They know that betting lines are meant to be moved….They know that square money is enthralled by favorites and falls hard for teams that have done a lot for them lately. The Broncos, for instance, not only covered against New England, but looked good doing it. It’s part of the reason Denver is currently the 2 ½-point favorite even though oddsmakers opened with the Seahawks — a team they believe is better — as a 2- to 2 ½-point favorite.

That’s a big swing. Apparently the dumb money is falling hard for the Broncos. If that’s the case, the smart guys ought to make a killing. We’ll see about that.

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This is no time to come up short. It's time to fight like hell, as our namesake would tell us to do, for a democracy where minority rule cannot impose an extreme agenda, where facts matter, and where accountability has a chance at the polls and in the press. If you value our reporting and you can right now, please help us dig out of the $100,000 hole we're starting our new budgeting cycle in with an always-needed and always-appreciated donation today.

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