NFL preseason line movement is under the microscope after a wild stretch of results: teams that have moved 1.5+ points or more on the spread this season are 0-8, and 23-51 since 2024, according to Big Al McMordie's numbers. That trend has reignited a fierce debate about whether closing line value still holds up as a betting principle, with some pointing to small sample sizes and starters entering games as the real driver behind the movement. Also on deck: reactions to Pat McAfee's surprise album release, plus the fallout from Circa CEO Derek Stevens' pointed comments questioning the legitimacy and tax structure of peer-to-peer prediction markets.
Jacob Gramegna hosts this episode of Circle Back alongside Rob Pizzola and Geoff Fienberg for another edition of Circles Off, part of The Hammer Betting Network.
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SHOW INDEX
0:00 - Circle Back w/ Jacob Gramegna, Rob Pizzola, and Geoff Fienberg
1:18 - NFL Preseason CLV debate
16:35 - Pat McAfee dropped an album
35:19 - Breaking News on Kawhi Leonard
42:12 - Derek Stevens sounds off on prediction markets
52:29 - Gen Z is moving from stocks to sports betting
1:03:11 - CFTC probe into "mention markets"
1:11:17 - Hypotheticals
1:30:16 - Chopping Block
Disclaimer: The content presented in this show is intended for entertainment purposes only. All opinions expressed are those of the hosts and do not necessarily reflect the views or opinions of any individuals or organizations mentioned. Statements made about public figures or entities are based on publicly available information and are not intended to harm or defame any person or business. This show relies on the fair use of social media posts, which are presented in good faith for the purpose of commentary and criticism. Viewers are advised to form their own opinions.
Circles Off podcast is an entertainment podcast. The opinions expressed in the podcast are for the purpose of discussion in the area of sports betting, online gaming and other like markets. Circles Off podcast does not condone unlawful or illegal activity, and if you are unsure of the laws in your jurisdiction surrounding these markets, please seek the appropriate legal advice about strategies that you intend to implement. Please gamble responsibly.
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