World CUp Title For Mexico Wouild Prove Costly For Sports Books

[Hman]

World Cup title for Mexico would prove costly for sports books

By Todd Dewey / Las Vegas Review-Journal

June 25, 2018

In a World Cup without the United States, Mexico is the largest liability at Las Vegas sports books.


If El Tri wins the World Cup, it would result in a six-figure loss for the Westgate sports book, which opened Mexico at 50-1 odds in its futures book.


“Our only liabilities are small on Germany and Mexico’s the big one,” Westgate sports book manager Jeff Sherman said.
Mexico would cost the Wynn Las Vegas sports book almost six figures, while CG Technology sports book would take a five-figure hit.


“They’re the only team that we’re a loser to,” CG Technology sports book director Jason Simbal said.


Long shots


Mexico, which can clinch a spot in the round of 16 with a win or draw Wednesday against Sweden, was as high as 66-1 at CG Technology, which took a $500 wager to win $25,000 at 50-1 odds and a $250 bet to win $15,000 at 60-1 odds.


El Tri is a 20-1 shot at adjusted odds to win it all at the Westgate.


The books split on Mexico’s first two games, winning on its 1-0 upset of Germany before losing on its 2-1 win over South Korea.

Blame it on Rio

Brazil is the largest liability at Wynn Las Vegas while the biggest World Cup bet placed at CG Technology was a $10,000 wager to win $45,000 on the Selecao.


Over time

After 16 of the first 25 World Cup games went under, 10 consecutive matches went over the total.

The run ended Monday afternoon when Portugal and Iran played to a 1-1 draw.

[lakerboy]

Will Mexico even advance?

[Chi_archie]

oh wow

[jjgold]

Lol Pennies compares to offshore

Las Vegas sports books are laughable

They don’t even know what real serious money is

[Booya711]

Only non-European country to win a WC on European soil was Brazil in 1958 in Sweden so I would say doubtful

[k13]

I got Mexico 100-1

They are not winning anything.

[TheLock]

6 figures?

Yeah I feel horrible for the books.

So.Much.Money

[DiggityDaggityDo]

Will Mexico even advance?

Mexico has very nearly clinched its advancement. It just needs a win or draw against Sweden. If it loses, it would still advance if Germany doesn’t beat South Korea, or if Germany wins but finishes with a smaller goal differential.

[gojetsgomoxies]

surprised at this.......... would have thought they'd be hedged with tons of other bets on brazil, germany, england etc....

i guess this is a bit like the vegas hockey bets where mexico is a semi-local bet......... vegas books would have had little offset bets to vegas hockey but british bookies i think had huge offset bets to leicester premiership bets......

of course, vegas hockey didn't cash....... anyone have any idea whether the big ticket holders (my vague understanding is that vegas hockey liability was highly concentrated as per large $$$ payouts) hedged themselves?

[Optional]

Will Mexico even advance?

If Sweden beat them 1-0 and Germany beat Sth Korea 1-0, MEX, GER and SWE will finish on 6 points with same for and against record, so it could come down to how many cards each team has had. (GER 5, SWE 3, MEX 2 right now)

[gojetsgomoxies]

Mexico has very nearly clinched its advancement. It just needs a win or draw against Sweden. If it loses, it would still advance if Germany doesn’t beat South Korea, or if Germany wins but finishes with a smaller goal differential.

i see nate silver has mexico 72% to advance.. so sad that they missed qualifying for next round by one minute a few days ago.

[jjgold]

Most Nevada sports books thinks $50,000 is a huge hit most offshore sports books get that per game

[Blackballer]

World Cup title for Mexico would prove costly for sports books

By Todd Dewey / Las Vegas Review-Journal

June 25, 2018

In a World Cup without the United States, Mexico is the largest liability at Las Vegas sports books.


If El Tri wins the World Cup, it would result in a six-figure loss for the Westgate sports book, which opened Mexico at 50-1 odds in its futures book.


“Our only liabilities are small on Germany and Mexico’s the big one,” Westgate sports book manager Jeff Sherman said.
Mexico would cost the Wynn Las Vegas sports book almost six figures, while CG Technology sports book would take a five-figure hit.


“They’re the only team that we’re a loser to,” CG Technology sports book director Jason Simbal said.


Long shots


Mexico, which can clinch a spot in the round of 16 with a win or draw Wednesday against Sweden, was as high as 66-1 at CG Technology, which took a $500 wager to win $25,000 at 50-1 odds and a $250 bet to win $15,000 at 60-1 odds.


El Tri is a 20-1 shot at adjusted odds to win it all at the Westgate.


The books split on Mexico’s first two games, winning on its 1-0 upset of Germany before losing on its 2-1 win over South Korea.

Blame it on Rio

Brazil is the largest liability at Wynn Las Vegas while the biggest World Cup bet placed at CG Technology was a $10,000 wager to win $45,000 on the Selecao.


Over time

After 16 of the first 25 World Cup games went under, 10 consecutive matches went over the total.

The run ended Monday afternoon when Portugal and Iran played to a 1-1 draw.

Yes poor bookies, they all cried after Leicester became champion. If Mexico wins than we all should collect money to help out the bookies to cover their liablities otherwise they can't run their business anymore right.

[Blackballer]

Lol Pennies compares to offshore

Las Vegas sports books are laughable

They don’t even know what real serious money is

Vegas books are like the New York Stock Exchange ( I mean the phisical place) everyone thinks they 'trade' there where of course the real trading happens elsewhere. It's like a great place for tourists to visit and take some pictures not more.

Most of the turnovers are settled off-shore agree fully here.

[harthebar]

I got Mexico 100-1

They are not winning anything.

Think positive. Why did you place the bet then .are you a mush

[harthebar]

What do you mean by one minute. A few days ago

[packerd_00]

I don't see it happening,has their ever been a heavy underdog that's won a WC,if their has been someone please correct me.

[jjgold]

Vegas books are like the New York Stock Exchange ( I mean the phisical place) everyone thinks they 'trade' there where of course the real trading happens elsewhere. It's like a great place for tourists to visit and take some pictures not more.

Most of the turnovers are settled off-shore agree fully here.

Of course..many places have 100k limits on these games offshore

Vegas shakes with 5k bet a bunch of $15 hr fools

[Alfa1234]

If Sweden beat them 1-0 and Germany beat Sth Korea 1-0, MEX, GER and SWE will finish on 6 points with same for and against record, so it could come down to how many cards each team has had. (GER 5, SWE 3, MEX 2 right now)

Actually these rules still come into play before it goes to the fair play rule:

1. - greatest number of points obtained in the group matches between the teams concerned;
2. - goal difference resulting from the group matches between the teams concerned;
3. - greater number of goals scored in all group matches between the teams concerned;

In your described scenario, Mexico is the only team that scored twice VS Korea so I believe they would go out as they would only have scored 1 goal in the matches between Sweden and Germany, while both Sweden and Germany would have scored 2.

[Optional]

Actually these rules still come into play before it goes to the fair play rule:

1. - greatest number of points obtained in the group matches between the teams concerned;
2. - goal difference resulting from the group matches between the teams concerned;
3. - greater number of goals scored in all group matches between the teams concerned;

In your described scenario, Mexico is the only team that scored twice VS Korea so I believe they would go out as they would only have scored 1 goal in the matches between Sweden and Germany, while both Sweden and Germany would have scored 2.

Are you sure 4, 5 and 6 actually apply at this stage?

They sound like they are designed for the pre-tourney qualification process. As they don't appear to make much sense in this context

Tiebreakers

The ranking of each team in each group stage is determined as follows:^[32][96]

1. Points obtained in all group matches;
2. Goal difference in all group matches;
3. Number of goals scored in all group matches;
4. Points obtained in the matches played between the teams in question;
5. Goal difference in the matches played between the teams in question;
6. Number of goals scored in the matches played between the teams in question;
7. Fair play points in all group matches (only one of these deductions shall be applied to a player in a single match):
   • First yellow card: minus 1 point;
   • Indirect red card (second yellow card): minus 3 points;
   • Direct red card: minus 4 points;
   • Yellow card and direct red card: minus 5 points;
   
   
   
8. Drawing of lots by the FIFA Organising Committee.

[Optional]

Ignore me. I get it now. They are worded to cover a 3 way tie.