Vegas made under $1 million on superbowl

[Gilly86]

http://sports.espn.go.com/nfl/playoffs/2010/news/story?id=6101711

[GunShard]

Less than usual.

[LLXC]

Less than usual.

Much, much less.

[BGboothA]

I have a tough time believing those numbers.

[t-wizzle]

Poor vegas. **** them.

[bobbyk1133]

They killed the public all season long. I'm sure they'll survive.

[funnyb25]

vegas doesnt lose...lol

[SR]

vegas doesnt lose...lol

They only lose if no one shows up. Otherwise they are guranteed money.

[Art Vandeleigh]

Guess they will not be comping players lunch for the next couple of months, boo hoo.

[eberetta1]

Gets you right here, doesn't it. If juice is 10 percent, how did they only make 1 percent profit? Looks like some skimming off the top to me.

[fuggles]

hard to believe

[BookieOweMe]

the lines

[PlatinumBerg]

I don't know if I believe these numbers either, but what incentive would the sportsbooks, or the reporting news agency have to lie?

[texassoljaz]

they will never lose!!!

[KACK]

At least they won money...

[Golokhov]

Those numbers are bullshit. I don't see the Hampton Inn on the strip in Vegas. When those billion-dollar hotels start being downsized to the Motel 6's, then we'll talk.

[jedikarl]

im not buyin it thse nu,bers are massaged for tax reasons imo

[uhuhahah]

100 mil is reasonable. 1 mil is bogus.

[Frostware]

Good!

[simplydusty]

Yea. I'm ok with that

[Gtawatson]

Lets go pack! Lets go pack! Lets go pack! Lets go pack! Lets go pack! Lets go pack! Lets go pack! Lets go pack! Lets go pack! Lets go pack! Lets go pack! Lets go pack! Lets go pack! Lets go pack! Lets go pack! Lets go pack! Lets go pack! Lets go pack! Lets go pack! Lets go pack! Lets go pack! Lets go pack! Lets go pack!

[iwantcougars]

yay for hookers

[AribaAriba]

THE SPORTSBOOKS' PERSPECTIVE ON THE SUPER BOWL
The media reported late Tuesday that Nevada sportsbooks made just about $725,000 on Sunday's Super Bowl. That may sound like a lot to you. But over $87 million dollars were bet on the game!
Divide the 1% take amongst the entire state, and it was hardly worth the effort. Of course, it's ALWAYS worth the effort to put yourself in position to make a major score. Nevada would have won BIG money with a Pittsburgh and Under combination. It turns out that all of us who work in sportsbooks went round the clock for two weeks for nothing. Some sportsbooks even lost money on the game.
What happened?

• The public was on Green Bay and Over for the game. Green Bay and Over cashed.
• The public loves betting parlays. Most of the parlays were Green Bay and Over.
• Sharps who bet BIG and EARLY on Green Bay at -1.5 or -2 won their bets. There was some sharp sentiment at Pittsburgh +3 with the books who went that high, and even some +2.5 with underdog juice (my store, Cal-Neva never went to -3). But, the big money from sharp bets were on Green Bay early rather than Pittsburgh late. It didn't split out. In terms of volume, the sharp money was on Green Bay.
• The halftime line went up with Pittsburgh as a favorite. Everyone who raced to the windows to bet the second half went with Pittsburgh and Over...and swept THOSE bets too.
• Props weren't as lucrative as they normally are, partly because Jordi Nelson was a popular longshot choice to score the first touchdown, and that's exactly what happened. Those payouts erased some other profits.
• Teasers aren't as popular in the Super Bowl as they are during the regular season. But, anybody who bet them probably took a team with the Over. Both Green Bay and Pittsburgh covered their teaser spreads in the six-point finish.

That gives you a sense of how great it is to be a sportsbook. It was almost a perfect storm disaster and Nevada still made a little money! Any other combinations, and it's a big profit day.
Of course, you have to remember to that all the "futures" bets were finalized once the game was in the books. Gamblers who bet on anyone besides Green Bay to win the championship obviously lost. Green Bay didn't offer very high payoffs before the season started because they were a popular choice to have a great year. Then, when many key players got injured, nobody was taking them on the futures regardless of the price. This helped the bottom line quite a bit.

[teddyd]

why would anyone care how much money vegas sportsbooks made?

[dannyd66]

They won't be crying for too long........

March Madness is a comin'! They will slaughter that cash cow.

[slacker00]

why would anyone care how much money vegas sportsbooks made?

To make money betting sports, it's useful to know how the business operates.

[borednaz]

They study us, how is not relevant to study them?

[ejfel01]

I find it hard to believe these numbers.

[Gilly86]

How do you guys not believe that number? It's not like thats what they made for the season or something. This was for ONE GAME.

[Art Vandeleigh]

The SB still packs the casinos, I'm sure the extra revenues the casinos make at the tables and slot machines by players coming to Vegas dwarfs the action at the sportsbooks.

And do you the think the players who won on the SB went immediately to their banks and deposited, or to the craps tables and tried to triple it?

[Blazermaniac]

The number is about right. When the line opened at Pitt +2.5 58% of the public was on it. But over time money came in on GB and it became 51-49 Pitt. Vegas knew GB was going to win and tried all it could to bait the public and increase the line to 3. But nobody jumped on it and remained evenlyl 51-49 Pitt by game time. When Pitt converted that 2 point there was no way it was going to be a push. The best case scerino for Vegas to make money was to have GB won but not covered. But too many eyes were watching and there was not a damn thing they could done about it. Sorry fckers. But they still came out on top.