Report: Nevada Sports Book Lost Record $2.6 Million On Super Bowl
JackWESQ
Posts: 2,133 ✭✭✭
in Sports Talk
It's being reported here:
Losing $2.6 Million
that Nevada Sports Book lost $2.6 million on the Super Bowl. Really, just a drop in the bucket for Vegas, but that still puts a smile on my face.
/s/ JackWESQ
P.S. Of course, Vegas probably sees it as NOT them losing $2.6 million, but as them NOT profitting one bazillion dollars on the Super Bowl like they normally do.
Losing $2.6 Million
that Nevada Sports Book lost $2.6 million on the Super Bowl. Really, just a drop in the bucket for Vegas, but that still puts a smile on my face.
/s/ JackWESQ
P.S. Of course, Vegas probably sees it as NOT them losing $2.6 million, but as them NOT profitting one bazillion dollars on the Super Bowl like they normally do.
0
Comments
point spread stuff.
Would bet anything their net gain was 10x that for the weekend.
<< <i>You couldn't ask for better advertising.
Would bet anything their net gain was 10x that for the weekend. >>
You're of course right. Still nice to see those bookie CS's lose once in awhile, but the sports handicapping "genuises" who won the money are most if not all gambling addicts, and will give it all back to the bookies sooner or later anyway, and it's usually sooner.
-
I never had a losing bet when I picked my teams on Monday.
eddye mack
PS But alot of people did have the giants and under.
<< <i>Doesn't that 2.6 million seem kind of low? Especially if 90+ million was wagered? >>
If approximately 90 million was wagered, and equal amounts were wagered, at say 10% juice, the bookies would have been expected to "automatically" win approximately 4 million. Instead they lost approximately 2.5 million which is a swing of 6.5 million. Bookies don't like losing a penny let alone a swing of 6.5 million dollars.
I stated in a post a week before the game that I expected the line to be between 9 to 11 1/2...that line of 12 1/2 to 14 was ridiculously high and I think even the bookies got caught up in the hype surrounding the magnificence of the Patriots. As the season went on, the books had the line on the Patriots way too high for a number of their games. Thet had a line of Patriots -24 on the Eagles-Patriots game and the Eagles were a decent football team, just missing the playoffs...and the Eagles came close to winning that game.
Probably the worst set of consistant line mistakes I've ever seen from bookies in the long time I've been following football. However I guarantee you the bookies won't make this same mistake again. Of course we may never see such a dominant first half of the season team like the Patriots again either.
Again...the bookies win it all back eventually anyway from the gambling addicts but the books don't like to lose ever. Bookies have a lot of expenses to pay....overhead, salaries, and of course payments on their numerous extravagant homes, cars, jewelry, etc.,...all compliments of the sports bettors who think they can beat the bookies.
-
Good point Steve. I won 3 games(in specific) this year in which there was a chance not to only double your winnings but almost triple your winnings by picking the underdog with 2 games being in the NFL with huge pointspreads. It is very rare for Vegas to get this carried away with a team, let alone any team. Vegas broke it's own rule by giving the bettor the advantage.
I went back and checked my threads. The college game that i made a killing on was RUTGERS straight up over SOUTH FLORIDA when the BCS had SF as the #2 seed.
<< <i>Good point Steve. I won 3 games(in specific) this year in which there was a chance not to only double your winnings but almost triple your winnings by picking the underdog with 2 games being in the NFL with huge pointspreads. It is very rare for Vegas to get this carried away with a team, let alone any team. Vegas broke it's own rule by giving the bettor the advantage. >>
Glad you won man! I always like to see the bookies lose and the gamblers win!!!
As some here know, I'm an ex-gambler for a number of years now, but admittedly I was "tempted" to take advantage of this very rare situation. I mean on the Eagles-Patriots game, that was almost like a license to print money, still gambling yes, but probably a situation realistically where a point spread was dramatically in the favor of betting on the Eagles....and even after that...the lines on the Patriots were still way too high. And of course I realize that hindsight is always 100% right isn't it?
I could have won a big bet, a VERY big bet, taken the money and run...the problem is that I wouldn't have "run"...I would keep on gambling and eventually lose the winnings back, in the exact same manner as an alcoholic can't have just one drink and that's it...he wants many drinks, too many drinks...and realizing all that helps keeps me away from the next bet. One day at a time.
Steve
As some here know, I'm an ex-gambler for a number of years now, but admittedly I was "tempted" to take advantage of this very rare situation. I mean on the Eagles-Patriots game, that was almost like a license to print money, still gambling yes, but probably a situation realistically where a point spread was dramatically in the favor of betting on the Eagles....and even after that...the lines on the Patriots were still way too high. And of course I realize that hindsight is always 100% right isn't it?
I could have won a big bet, a VERY big bet, taken the money and run...the problem is that I wouldn't have "run"...I would keep on gambling and eventually lose the winnings back, in the exact same manner as an alcoholic can't have just one drink and that's it...he wants many drinks, too many drinks...and realizing all that helps keeps me away from the next bet. One day at a time.
Steve
Words of experience and well-put, Steve. Always appreciate your unvarnished take on this topic.
Collecting 1970s Topps baseball wax, rack and cello packs, as well as PCGS graded Half Cents, Large Cents, Two Cent pieces and Three Cent Silver pieces.
<< <i>
As some here know, I'm an ex-gambler for a number of years now, but admittedly I was "tempted" to take advantage of this very rare situation. I mean on the Eagles-Patriots game, that was almost like a license to print money, still gambling yes, but probably a situation realistically where a point spread was dramatically in the favor of betting on the Eagles....and even after that...the lines on the Patriots were still way too high. And of course I realize that hindsight is always 100% right isn't it?
I could have won a big bet, a VERY big bet, taken the money and run...the problem is that I wouldn't have "run"...I would keep on gambling and eventually lose the winnings back, in the exact same manner as an alcoholic can't have just one drink and that's it...he wants many drinks, too many drinks...and realizing all that helps keeps me away from the next bet. One day at a time.
Steve
Words of experience and well-put, Steve. Always appreciate your unvarnished take on this topic. >>
Thanks man - That is sincerely appreciated. Talking about it is good therapy for me and hopefully others can learn from it. One thing for sure, gambling addiction is a tough addiction, arguably the toughest.
But I still like "the action" and always will...posting here and being a good sports fan is one way I get my action, and this forum is a nice little "escape" during the day or night when the pressures of the job or life start getting to me a bit. Coming here and beating the brains in of Mets fans, Cowboys fans, etc., is a lot cheaper for me than going to the track to let off some steam, and foolishy blowing a dime or two.
-