My friend Nolan Dalla explains why you should ignore stories about someone putting a large sum of money down on the Super Bowl, because the size of their bet doesn’t mean they know what they’re doing…

Consider a report from ESPN this year — one of several reports as it turned out — that BetMGM had reportedly accepted a huge bet totalling $2.3 million on the Tampa Bay Buccaneers. Someone bet $2.3 million dollars on the game in a single wager. My first and last thought was, and remains, so what?  That’s basically a stock trade.  Who cares?

To be clear, I understand these tidbits tickle the public’s fancy. But unless the identity of the gambler is disclosed, why does this matter? If a celebrity makes the wager, sure, that’s news. Entertainment news. Not gambling news. It would also be newsworthy if my friend with the knapsack made a wager of that size. But this bettor was likely a nobody, except that he’s got money to bet.

How can we tell? Easy: The line didn’t move.

That tells you everything.

It tells you the casino doesn’t respect the bet, nor the gambler. Another schnook.  A fish.  A dope.

Read Nolan’s full piece here.