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How much money did Vegas lose this weekend?

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I know I read of 8 UMBC alumni out in Vegas all put in $100 each for a total of $800 and placed it on UMBC to win outright and won $16,000 on that one bet.

Depends on how the money was split, could go either way. Saw where a guy lost $20,000 on VA.

I wouldn’t have bet a thing on the tournament this year. Based on what’s happening overall so far, I believe it was a good decision.

I know I read of 8 UMBC alumni out in Vegas all put in $100 each for a total of $800 and placed it on UMBC to win outright and won $16,000 on that one bet.

That will bust a casino????

That will bust a casino????

 

Never said it would break a casino. I was just posting a story I saw on the news.

Depends on how the money was split, could go either way. Saw where a guy lost $20,000 on VA.

 

Agreed.

 

Vegas never loses much no matter who wins games. That's why the line moves. The money coming in moves the line. Vegas doesn't necessarily lose when favorites lose. They make sure they have money on both sides of the bet. And the line is not set based on who they think will win or lose a game. It is set to where they can draw bets on both sides of the line. They are trying to set the line where they think the public feels the line should be as much as who they think wins or loses and by how much.

I know I read of 8 UMBC alumni out in Vegas all put in $100 each for a total of $800 and placed it on UMBC to win outright and won $16,000 on that one bet.

 

Only 20-1, when the 16 seed is 0 for 135???

Those guys got badly short-changed.

 

Worse odds than the Ohio Lottery.

Agreed.

 

Vegas never loses much no matter who wins games. That's why the line moves. The money coming in moves the line. Vegas doesn't necessarily lose when favorites lose. They make sure they have money on both sides of the bet. And the line is not set based on who they think will win or lose a game. It is set to where they can draw bets on both sides of the line. They are trying to set the line where they think the public feels the line should be as much as who they think wins or loses and by how much.

 

This..

 

Vegas doesn't lose in general. They set the line, then move the line accordingly to keep the bets flowing. In the grand scheme of things, they rarely ever lose.

Only 20-1, when the 16 seed is 0 for 135???

Those guys got badly short-changed.

 

Worse odds than the Ohio Lottery.

 

Exactly what I said. Should have been at least 50-1.

 

As for the OP. Probbaly none. When the volume of games is high they typically crush it.

5A770055-9DBB-42DE-A508-107E13FC1663.jpeg

 

Here ya go

I think I read AZ had the most money on them to win the tournament.

 

And I agree, the odds on the 16 seed to win the moneyline seem terrible.

If you’ve ever been to Vegas, you can look around and tell they don’t lose often...

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