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February 07, 2011

Series of Outcomes Makes Super Bowl Profitable For Bettors, "Worst Case Scenario" for Sports Books

"What's the worse-case scenario?" McBaeth said. Answered Rood: "It's happening."
...

A Steelers fourth-quarter touchdown and two-point conversion (also paying big odds as an exotic bet) put the game over the 45½-point total that Las Vegas bookmakers had assessed would be the best number to draw bettors considering a game between two of the NFL's top defenses.

"The combination of the 'over' and the Packers' victory was lethal," Rood said. "It's the worst Super Bowl I've seen since being here in 1993. There was no getting around it. Not a great scenario."

...

Nevada gaming authorities are expected to release by Tuesday the final numbers of how state casinos fared. Last year, there were $82.7 million bet on Super Bowl Sunday, with state casinos collecting $6.8 million.

This year, the deficit should border on a Vegas bloodbath, considering that a $1-million bet and scores of five-figure wagers like those Rood allowed Sunday were public payouts.

posted by Ace at 05:48 PM

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"It's the worst Super Bowl I've seen since being here in 1993. There was no getting around it. Not a great scenario." ... Nevada gaming authorities are expected to release by Tuesday the final numbers of how state casinos fared. Last year, there were $82.7 million bet on Super Bowl Sunday, with state casinos collecting $6.8 million. This year, the deficit should border on a Vegas bloodbath, considering that a $1-million bet and scores of five-figure wagers like those Rood allowed Sunday were public payouts. posted by Ace at 05:48 PM \| Access Comments <script language="javascript" src="http://adserver.adtechus.com/addyn/3.0/5235/1131537/0/170/ADTECH;loc=700;cookie=info;target=_blank;key=key1+key2+key3+key4;grp=[group]"></script><noscript><a href="http://adserver.adtechus.com/adlink/3.0/5235/1131537/0/170/ADTECH;loc=300;key=key1+key2+key3+key4;grp=[group]" target="_blank"><img src="http://adserver.adtechus.com/adserv/3.0/5235/1131537/0/170/ADTECH;loc=300;key=key1+key2+key3+key4;grp=[group]" border="0" width="300" height="250"></a></noscript>	Recent Comments Seems Legit: "How odd, I thought everyone understood that electr ..." rickb223 Gold & Silver Spot Prices [s][/b][/i][/u]: "You’d think they would’ve come up with ..." 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