The NFL Week 3 finished on Monday evening with the Chiefs vs Ravens game. Straight away, most Las Vegas sportsbooks released their betting odds for the next round. Caesars, MGM, and all the other major Vegas bookies now let their bettors put their money on games from the NFL Week 4.
Their odds, however, do differ slightly from those released by offshore sportsbooks like BetOnline, Bovada, MyBookie, and Bet US. Do these discrepancies mean something, and can you use this knowledge to your advantage? The answers await you below!
Differences Between Offshore and Vegas Odds for Week 4
For the round opener, the Denver Broncos at New York Jets, the odds are pretty much the same everywhere. Offshore sportsbooks agree with those in Vegas that the Broncos are the favorites, with the moneyline odds being somewhere in the ballpark of -160.
The Dallas Cowboys are even bigger favorites against the Cleveland Browns, with the moneyline odds of about -240. However, there’s one thing Vegas oddsmakers disagree with their offshore counterparts – the spread.
In some Vegas sportsbooks, including MGM, the spread is set to Cowboys -5.5. In offshore sportsbooks BetOnline and its sister-sportsbook SportsBetting, the spread is -4.5.
Offshore sportsbooks also believe that the Cincinnati Bengals should be able to cover the -4 spread against Jacksonville Jaguars at -120. The Vegas odds for the same bet are currently -110.
Something similar is going on with the Buffalo Bills vs. Las Vegas Raiders game. At MyBookie.ag, the odds on the Bills -2.5 are -120, while MGM Sportsbook is giving -110.
Exactly the same is the case when the Indianapolis Colts vs. Chicago Bears game is concerned, where the team from Illinois is favored to cover the -2.5 spread.
Takeaways From Previous Three Weeks
In the opening round of the 2020 NFL season, we saw favorites winning in 11 out of 16 games. The biggest upset of Week 1 was when the Jacksonville Jaguars beat Indianapolis Colts 27-20. The pre-game odds on the Jaguars were as much as +270 at some Vegas sportsbooks.
A similar case was with the Arizona Cardinals vs. San Francisco 49ers. The Cardinals’ odds were as long as +235, but this team managed to win the game by 24-20.
In Week 2, favorites were even more impressive. Teams with shorter moneyline odds won in 14 out of 16 games. However, some of the favorites were not too impressive despite winning their games.
For example, we saw the match between Kansas City Chiefs and Los Angeles Chargers going to overtime. City Chiefs were the favorites in that game at -435. The spread was set at -8.5 on the Super Bowl LIV winners at -110, which they failed to cover, with the final score being 23-20.
Favorites were dominant in Week 3 as well, winning a big majority of games. Of course, there were some upsets, not only concerning the match-winner, but also the point totals. For instance, most sportsbooks thought the total number of points in the Los Angeles Rams vs Buffalo Bills is going to be in the mid-forties, but we saw a total of 67 points in that game.
