NFL Week 16 Betting Activity Slumps, Says Morgan Stanley
Week 16 NFL betting activity declined significantly comparative to the prior four weeks, contracting sportsbook operators and some market place observers by surprise.
GeoComply sports betting information aggregated past Thomas Hunt Morgan Francis Edgar Stanley indicates year-over-year ontogeny in NFL handle was just 58 percent. Growth is good, but the Week 16 figure compares with upticks of 100 percent, 107 percent, 96 percent, and 80 percent, respectively, inwards Weeks 12 through 15.
December add together games played in major US leagues has been scheduled to jump 119 percent year-over-year, and to a greater extent games should bear on to financial support warm hebdomadal intensity development through January, blackball omicron-driven cancellations,” says Sir Henry Morgan Henry M. Stanley psychoanalyst Seth Thomas Woody Allen inwards a notation to clients.
News of the Week 16 lethargy comes as shares of sportsbook operators are limping into year-end after being drubbed over the row of this NFL season.
Excuses Galore
There’s no more shortage of excuses and theories regarding wherefore NFL betting activity retreated last week, including Christmastime falling on a Saturday.
Some market observers and wagering experts are speculating that bettors took a step dorsum from the NFL because the coronavirus is forcing a slew of players, including starters and, inwards some cases, Pro Bowl-level players, to lose games. Players missing games — inwards some cases on little mark — is seen as a deterrent to tart and recreational bettors alike. Professional bettors looking to avoid the heightened variance that comes with more second-string players participating inwards a game, while ordinary bicycle bettors power follow inclined to avoid games missing asterisk power.
Potentially compounding those woes for some operators, particularly DraftKings and FanDuel, are rumors that marquee NFL players missing games because of contracting COVID-19, or because of the league’s health and refuge protocols, is leading to declining involvement in day-by-day fantasise sports (DFS).
Situation Could Linger
In a criterion operating environment, the quaternary quarter should live a full stop of heightened activity for sportsbook operators, as the NFL playoff race tightens and the NBA and college basketball seasons inward replete(p) swing.
However, nearly II years into the coronavirus pandemic, the stream body politic of affairs for leagues and sportsbook operators is anything but normal. Some of the early flavour betting enthusiasm is clear gone, thanks in big portion to COVID-19.
On Monday, 96 NFL players time-tested positive for the virus, and 106 were added to the league’s reserve/COVID-19 heel – both records.
Further frustrative sportsbooks and bettors, the NHL has suffered through and through postponed games. College basketball game games are also ofttimes canceled or postponed, NBA stars are missing games because of that league’s protocols and, thusly far, quaternary college bowl games were canceled because of the pandemic.
All of that is relevant to sportsbook operators, because football and basketball game are the 2 most wagered-on sports in the US.
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