Report: TCU win saves Vegas Sportsbooks millions
The college football bowl season started with favorites covering the point spread in the first seven games, far from ideal for online sportsbooks and Las Vegas alike given the public's tendency to shy away from the underdog, and it looked to be a terrible start to the New Year.
That is, until TCU pulled the rabbit from the hat, and shocked Oregon in triple overtime.
The halftime score read 31-0, meaning Oregon covered the first half point-spread with a good 27 points to spare.
The Ducks were in prime position to turn on cruise control and coast to an easy cover for gamblers.
According to a report by ESPN, spirits were low among prominent sports bookies on the Las Vegas strip for a profitable Saturday, just two days into 2016. TCU mounted an epic comeback, however, and won 47-41 in triple overtime.
"It saved the day," remarked Chuck Esposito, head of sportsbook at Station Casinos.
Online sportsbooks also won a good percentage back from players from the chalky start to the bowl season: one sportsbook manager speaking on condition anonymity said the outcome literally saved the day. It makes sense, considering that more than 63% of bets were placed on the Oregon Ducks spread according to the wagering data available at SBR Odds.
Online sports bettors shopping for a new sportsbook to start the new year and wager Alabama vs. Clemson are encouraged to check out the best sports betting sites list.