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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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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