World Cup title for Mexico would prove costly for sports books
By Todd Dewey / Las Vegas Review-JournalJune 25, 2018In 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.