Vegas is Bogus

Page 6 of It gets on my nerves that people talk like "Vegas" is filled with geniuses and is all knowing. Any time a game ends up one point either side ... 81 comments | 3069 Views | Go to page 1 →

  1. #76

    Join Date
    Jan 09
    Location
    It's not where I live, It's what I live for
    Posts
    16,371

    Quote Originally Posted by littleluck55 View Post
    Moneyline killed them and props killed them. A bunch of high dollars came in right before kick off. Tough to adjust lines that way.
    I was going to ask why the line never shifted to even out the bets.
    Advertisement

  2. #77
    StickerMann's Avatar
    Join Date
    Nov 07
    Location
    Sitting up NKY way enjoying the run!!
    Posts
    3,333

    Interesting thing I heard today is that in 52 Super Bowls, the point spread has only figured in the betting payoff 7 times. Favorite either covered or the dog won outright all but 7 times.

  3. #78

    Join Date
    Aug 17
    Posts
    584

    Quote Originally Posted by rjs4470 View Post
    Again, all reports Iíve read is that Vegas lost last night. As far as the other games, they were brought up to address the original point of the thread....I made no comment on whether they lost or won on those games....just that the Eagles were dogs in both games.
    Correct, they lost but it was because of the money line and the prop bets.

    As to the part about the games, the point is that Vegas doesn't set the lines to try to be right, it sets them to make money and they did that in the previous two Eagle games. That's been the point through the entire conversation.

  4. #79
    littleluck55's Avatar
    Join Date
    Aug 07
    Posts
    5,812

    Quote Originally Posted by StickerMann View Post
    Interesting thing I heard today is that in 52 Super Bowls, the point spread has only figured in the betting payoff 7 times. Favorite either covered or the dog won outright all but 7 times.
    Wouldn’t the point spread have to figure if the favorite covered? They covered the point spread, correct?

  5. #80
    littleluck55's Avatar
    Join Date
    Aug 07
    Posts
    5,812

    Nevada makes a small profit on super bowl. They have only lost money twice on the Super Bowl. Record number of bets and one of the smallest wins, but a win is a win.

    Bettors gamble record amount on Super Bowl, cut down on sports books' hold - Las Vegas Sun News


    Tack on another record to Super Bowl 52.

    In addition to setting a handful of all-time highs on the field, the Philadelphia Eagles’ 41-33 victory over the New England Patriots on Sunday night brought record betting handle in Nevada. Bettors wagered a total of $158.58 million throughout the state’s 198 sports books, according to a press release from the Nevada Gaming Control Board.

    That’s $20.1 million more than last year’s Super Bowl, which held the previous record. A new high has now been set in four of the last five years.

    Bookmakers won’t remember the Eagles’ win as fondly, though. The sports books collectively made only $1.17 million on this year's Super Bowl for a hold of .7 percent.

    That’s the lowest hold percentage on a Super Bowl win for casinos since 1996, when they held .6 percent on the Denver Broncos’ 31-24 win over the Green Bay Packers. Sports books have only suffered a loss on the Super Bowl twice in 29 years, since the gaming commission began tracking the numbers.

    The Eagles winning a high-scoring game was the worst-case scenario for the majority of books, with bettors loading up on the underdogs to win outright on the money line as well as the “over” 48 points.

  6. #81

    Join Date
    Aug 17
    Posts
    584

    Quote Originally Posted by littleluck55 View Post
    Wouldn’t the point spread have to figure if the favorite covered? They covered the point spread, correct?
    Right. Only 7 times has the favorite won but the underdog covered the spread.

  7. #82

    Join Date
    Aug 17
    Posts
    584

    Quote Originally Posted by littleluck55 View Post
    Nevada makes a small profit on super bowl. They have only lost money twice on the Super Bowl. Record number of bets and one of the smallest wins, but a win is a win.

    Bettors gamble record amount on Super Bowl, cut down on sports books' hold - Las Vegas Sun News


    Tack on another record to Super Bowl 52.

    In addition to setting a handful of all-time highs on the field, the Philadelphia Eagles’ 41-33 victory over the New England Patriots on Sunday night brought record betting handle in Nevada. Bettors wagered a total of $158.58 million throughout the state’s 198 sports books, according to a press release from the Nevada Gaming Control Board.

    That’s $20.1 million more than last year’s Super Bowl, which held the previous record. A new high has now been set in four of the last five years.

    Bookmakers won’t remember the Eagles’ win as fondly, though. The sports books collectively made only $1.17 million on this year's Super Bowl for a hold of .7 percent.

    That’s the lowest hold percentage on a Super Bowl win for casinos since 1996, when they held .6 percent on the Denver Broncos’ 31-24 win over the Green Bay Packers. Sports books have only suffered a loss on the Super Bowl twice in 29 years, since the gaming commission began tracking the numbers.

    The Eagles winning a high-scoring game was the worst-case scenario for the majority of books, with bettors loading up on the underdogs to win outright on the money line as well as the “over” 48 points.
    2 losses in 29 years. Can we put the argument to bed now?

Top