1. 01-10-17 01:46 PM #1
    rizespor
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    Vegas books suffer "the worst loss in any college football game I can remember"

    Las Vegas sportsbooks take big loss on Clemson Tigers' victory http://es.pn/2j4Cnrw
    via @ESPN App http://es.pn/app

    David Purdum

    The amount of money bet on the College Football Playoff Championship Game was historic and primarily orange.

    More money was bet on Monday's classic between Clemson and Alabama at William Hill's Nevada sportsbook than any other college football game in the company's history, according to vice president of marketing Michael Grodsky.

    Bookmakers estimated $15 million to $20 million was bet statewide on the game in Nevada.

    The bulk of the money was on the underdog Tigers, who scored a touchdown with one second left in the fourth quarter to upend Alabama 35-31.

    "It was as bad as a result as humanly possible," William Hill director of trading Nick Bogdanovich, a veteran Las Vegas bookmaker, told ESPN on Tuesday morning.

    Bill Sattler, director of specialty games for Caesars Entertainment, said Clemson winning in a high-scoring game produced "the worst loss in any college football game I can remember."

    The majority of sports books were heavy on Clemson throughout the week. The money started coming in on the Tigers shortly after they demolished Ohio State on New Year's Eve. At the Westgate SuperBook, out of the first $11,020 that was wagered on the national championship game's money line, $11,000 of it was on Clemson. The orange money never slowed down, leaving sportsbooks rooting for Alabama. Out of 12 sportsbooks -- in Las Vegas and in the Caribbean -- not one of them said they needed for Dabo Swinney's team. They were all Crimson Tide fans.

    The worst-case scenario for the house? Clemson and over the total of 51.

    MGM characterized the loss it took on the game as "high six figures," which included three six-figure bets on Clemson plus-the-points and a $55,000 money-line bet on the Tigers at around +180 odds.

    "Alabama money finally showed up right before kickoff," Jeff Stoneback, assistant manager for MGM race and sports, said. "But it was too late."

    Clemson closed as a consensus 6-point underdog to Alabama. At William Hill, the game attracted more than double the amount of money compared to how much was bet on the New York Giants-Green Bay Packers wild-card game. Betting handle was up eight percent on this year's game compared to the 2016 championship game between the Tigers and Tide.

    Las Vegas sportsbook operator CG Technology reported a net loss, but said Clemson winning was its best-case scenario in its futures markets on the odds to win the national title.

    Up and down the Las Vegas Strip, bookmakers were on the losing end on the most-heavily bet college football game in recent memory.

    A message from one bookmaker right after Clemson quarterback Deshaun Watson connected with Hunter Renfrow for the winning touchdown summed it up simply: "Ouch."

    The sportsbooks did, however, manage to open for business on Tuesday.
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  2. 01-10-17 01:52 PM #2
    mr. leisure
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    Nice , F the Vegas books .
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  3. 01-10-17 01:54 PM #3
    RudyRuetigger
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    load up today

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  4. 01-10-17 01:56 PM #4
    jjgold
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    Pounded
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  5. 01-10-17 01:58 PM #5
    semibluff
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    Bookies telling the public that the public has crushed them on this event or that event is standard fare. It's good PR. Bookies never put out statements saying they crushed the public.
    Nomination(s):
    This post was nominated 1 time . To view the nominated thread please click here. People who nominated: Jayvegas420
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  6. 01-10-17 01:59 PM #6
    Sam Odom
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    tables will turn this weekend (NFL)
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  7. 01-10-17 02:03 PM #7
    BIGDAY
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    They're to blame.. they gave us the easy line.

    Clemson was an easy call.
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  8. 01-10-17 02:05 PM #8
    Sam Odom
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    hindsight

    Bama -2 1/2

    correct line
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  9. 01-10-17 02:50 PM #9
    INVEGA MAN
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    I don't see any of them closing shop
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  10. 01-10-17 02:55 PM #10
    newguy
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    They gambled by not moving line. Know they didn't want to get middled but never saw line move to 5 even. Think there was room to move down and try and entice more bama action but they thought they had right side.
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  11. 01-10-17 03:09 PM #11
    gauchojake
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    Interesting that the Bama futures and a book lean towards Bama helped shape the line and hold it steady at 6/6.5.
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  12. 01-10-17 03:11 PM #12
    TheMoneyShot
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    Somehow when this data was released... I don't believe it. Not saying people were pounding Alabama everywhere. I'm just saying the BOOKS didn't lose sh#$.
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  13. 01-10-17 04:02 PM #13
    SharpAngles
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    Poor Vegas sport books. Let's all put a couple bucks on Texans ML and help end the suffering
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  14. 01-10-17 04:19 PM #14
    Mac4Lyfe
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    My bookie is on vacation after the beating I took. I just funded his 401K
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  15. 01-10-17 04:25 PM #15
    goduke
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    they made plenty off alabama futures.
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  16. 01-10-17 04:35 PM #16
    fecgp40
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    Quote Originally Posted by semibluff View Post
    Bookies telling the public that the public has crushed them on this event or that event is standard fare. It's good PR. Bookies never put out statements saying they crushed the public.
    Absolutely correct.
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  17. 01-10-17 04:36 PM #17
    fecgp40
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    Quote Originally Posted by Sam Odom View Post
    tables will turn this weekend (NFL)
    This. Books will make it all back and then some. Cry me a river.
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  18. 01-10-17 04:38 PM #18
    Philmill
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    I dont believe anything the Vegas books say....... they play games with the lines every day...

    thats there job is to fool joe public...... They want the public to think they lost there ass....

    Its just another day at the sportsbook.....

    thanks for the info rize
    Last edited by Philmill; 01-10-17 at 04:43 PM.
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  19. 01-10-17 04:42 PM #19
    jjgold
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    It happens from time to time


    Glad SBR was part of the damage
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  20. 01-10-17 04:54 PM #20
    RetiredinPunta
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    Rudy why high on CHarlotte?

    ---

    These articles are bull. Vegas won in this game. These are feel good articles for the publick to make the feel that they can beat the books.
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  21. 01-10-17 04:58 PM #21
    mcaulay777
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    I love listening to all the Gambling related podcats that have sportsbook directors on and they all cry how the books lost this weekend or on individual games.I do not feel sorry for them at all.I cant stand all of them except for Maybe John Avello he seems ok everybody else I cant stand good glad they took a ponding for once.
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  22. 01-10-17 05:01 PM #22
    franklee168
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    "The sportsbooks did, however, manage to open for business on Tuesday."

    The best line in the story.
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  23. 01-10-17 05:06 PM #23
    champlain
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    Lol, they didn't lose money. How much futures were on Alabama? I bet significantly more than clemson.
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  24. 01-10-17 11:24 PM #24
    RudyRuetigger
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    Quote Originally Posted by RudyRuetigger View Post
    load up today

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    lightbulbsandwich.gif
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  25. 01-11-17 06:12 AM #25
    jjgold
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    Quote Originally Posted by mcaulay777 View Post
    I love listening to all the Gambling related podcats that have sportsbook directors on and they all cry how the books lost this weekend or on individual games.I do not feel sorry for them at all.I cant stand all of them except for Maybe John Avello he seems ok everybody else I cant stand good glad they took a ponding for once.
    most limit players too and just copy lines from Pinnacle

    Day to day Vegas is real small time
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  26. 01-12-17 08:05 AM #26
    blackbart
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    move the line.
    just a thought
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  27. 01-12-17 08:35 AM #27
    D Med
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    They didn't lose shit
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  28. 01-12-17 02:41 PM #28
    BigdaddyQH
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    Did they lose on the NC game. Absolutely, and nothing you clowns will say is going to change that. Did they make enough money on the rest of the Bowl games and futures to show an overall profit? Yes they did.
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  29. 01-12-17 02:48 PM #29
    RudyRuetigger
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    Quote Originally Posted by BigdaddyQH View Post
    Did they lose on the NC game. Absolutely, and nothing you clowns will say is going to change that. Did they make enough money on the rest of the Bowl games and futures to show an overall profit? Yes they did.
    thanks pal, I was waiting on pins and needles for your expertise
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  30. 01-12-17 03:32 PM #30
    jjgold
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    year in and year out Vegas cleans up even though small money compared to their other products
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  31. 01-12-17 03:43 PM #31
    LT Profits
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    The Books got DESTROYED in this game, no doubt about it. The combination of Clemson winning OUTRIGHT and the game going Over was the worst possible result for the book.

    But it really does not matter in the long run because books actually do not mind losing big on a game once in a while because it fuels more action from the players and they give back their winnings and a lot more eventually.
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  32. 01-12-17 04:34 PM #32
    thunderous
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    My bookie just went out of business. Although I am safe cause I play thru a co worker and he paid me already but is facing a tough time getting it from the guy. In the meantime the pph site we played on made the balances 0 so we can't place any more bets.

    I have a positive balance of 930 (after winnings from Monday night) yet I can't place bets because I have 1000 in futures which I am worried about because some of them are really juicy. My friend has promised to pay the 930 from this week (because it was agreed that no matter what he would pay me and collect from me and that what the bookie does is none of my concern) but can't get an answer from the bookie on the futures, hopefully he gets back on his feet and the pph site is operational so I can cash my futures and then run from this guy.


    Anyone else experience the same in NY/NJ area? Maybe we have the same bookie....
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