Circa sportsbook still faces $4.5m overlay in soccer competitions

0

Five days before Saturday’s entry deadline, Circa Sports is a long way from reaching its $6 million guaranteed prize pool for its $1,000 Circa Million IV competition.

The downtown sportsbook needs 6,000 entries to meet its guarantee, up from $4 million last year. It had 3,160 on Monday for an overlay of $2.8 million, the amount of money the book needs to add to the prize pool on top of the listing fee.

“I have a better chance of making the NBA than we do of reaching the Circa Sports Million guarantee,” said Jeff Benson, head of Circa sports betting operations, 5-foot-8, 130 pounds. “Our players can expect a huge positive expected value opportunity, we are not getting close to the 6,000 entries required to break even.”

The book was also on the hook for $1.7 million on Monday in its $1,000 Circa Survivor contest for a combined $4.5 million overlay. It needs 6,000 entries to meet the $6 million guarantee and had 4,290, surpassing last year’s total (4,080).

Circa paid $1.9 million last year to cover a Survivor overlay, but Benson expects the contest to attract 7,100 entries.

The entry deadline for both competitions is 2 p.m. on Saturday.

William Hill College Overlay

William Hill still faces a six-figure overlay for the second straight year in his $1,000 College Pick’em football contest. After the book paid $548,000 last year to cover an overlay, it lowered guaranteed cash prizes from $1 million to $500,000.

The book needs 500 entries to meet its guarantee and had just 223 entries on Monday for a $277,000 overlay. The registration deadline is 8 a.m. on Saturday.

SuperCompetition

The Westgate SuperBook has guaranteed $1.1 million in prizes for 11 in-season contests in its $1,000 SuperContest. It needed 1,100 entries to meet the guarantee and had surpassed that total on Monday with 1,178 entries. The SuperContest had 1,972 entries last season.

The $5,000 win-win Gold SuperContest had 55 entries. The $500 SuperContest reboot, which covers weeks 10-18, had 68. The $200 NFL Season Wins Challenge had 123.

Circa Friday Football Invitational

Circa owner Derek Stevens is offering $25,000 in prizes for the new Circa Friday Football Invitational, a VSiN-produced event modeled after the old Stardust Invitational.

Sixteen handicappers will participate, free of charge, in an 18-week competition which will last the whole season, from Friday to January 6th. Handicappers will make five weekly picks from college and NFL teams and totals, with one designated as a bet.

After NFL Week 9, the contestant with the lowest point total will be eliminated. This process of elimination will continue until week 16, after which the remaining eight contestants will compete until the end.

The domain includes sportsbook contributors RJ Brian Edwards, Doug Kezirian, Randy McKay, Erin Rynning, Paul Stone, Jeff Whitelaw and Cris Zeniuk.

The other competitors are Bobby Brubeck, Chuck Edel, Chris Fallica, Steve Fezzik, Marc Lawrence, Mike North, Dan Saley and James Salinas.

College line moves

Circa is the first book to feature lines on college football at 11 a.m. every Sunday.

Here are some notable line moves in the first 24 hours: Michigan went from 46-point favorites to -51 over Hawaii; Alabama went from -18 to -20 over Texas; and Stanford went from 12-point underdogs to +9 against Southern California.

Contact journalist Todd Dewey at [email protected] Follow @tdewey33 on Twitter.

Share.

About Author

Comments are closed.