Las Vegas Books made 724K profit on Super Bowl

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  • MartinBlank
    SBR Hall of Famer
    • 07-20-08
    • 8382

    #1
    Las Vegas Books made 724K profit on Super Bowl
    Sports books in Nevada hung on to win just over $724,000 from Super Bowl bets despite heavy gambling on the Green Bay Packers and lots of scoring.



    LAS VEGAS -- Sports books in Nevada hung on to win just over $724,000 from Super Bowl bets despite heavy gambling on the Green Bay Packers and lots of scoring.
    The Nevada Gaming Control Board said Tuesday that $87.5 million were wagered on the NFL's championship game in 183 sports books across the state.
    Of those bets, casinos kept less than 1 percent.
    Green Bay beat the Pittsburgh Steelers 31-25 in Cowboys Stadium in Arlington, Texas, on Sunday night. The Packers were a 2½-point favorite in most Las Vegas casinos, giving their supporters a win with the six-point victory.
    The combined 56 points scored helped bettors who gambled that the total would go over about 45 points.
    Nevada casinos won $6.9 million on $82.7 million in Super Bowl bets last year.
  • Dad
    SBR Posting Legend
    • 11-26-08
    • 23245

    #2
    Thats all? So each sports book made $4k on average?
    Comment
    • edimax
      Restricted User
      • 07-20-10
      • 58

      #3
      That is not a big amount...i thought, that a Superbowl makes more money
      Comment
      • shaunovery
        SBR Posting Legend
        • 11-15-07
        • 18143

        #4
        That's not bad considering the 3 FAvs all won the over packers ml and -2.5
        Comment
        • wrongturn
          SBR MVP
          • 06-06-06
          • 2228

          #5
          I guess if Steelers covered with score went under, they could have made $7 million this year.
          Comment
          • cankid
            SBR Hall of Famer
            • 08-22-08
            • 7214

            #6
            Some casinos in LV lost money on the game despite the large wagering menu with props....etc.... props usually have 30 cents lines so its all the props that help them when the favorite and over hits
            Comment
            • Doug
              SBR Hall of Famer
              • 08-10-05
              • 6324

              #7
              More importantly how did the offshores do ? We know vegas has to pay off. I'd have to think a few places lost money.
              Comment
              • cant call it
                SBR Hall of Famer
                • 08-29-10
                • 8817

                #8
                MB how you doing bro? way to post like a champion!
                Comment
                • d2bets
                  BARRELED IN @ SBR!
                  • 08-10-05
                  • 39993

                  #9
                  Wow, literally a couple bets made the difference. So narrow. Just goes to show, that was probably the worst result for the books, yet they still won. Of course they made the real money on booze, food, hotel, other casino, etc etc.

                  The only thing now that can really kill Vegas is if the NFL somehow lost the season to lockout. Oh my, what a killer.
                  Comment
                  • Brock Landers
                    SBR Aristocracy
                    • 06-30-08
                    • 45360

                    #10
                    my heart bleeds that they ONLY made 700K
                    Comment
                    • Jonah
                      SBR MVP
                      • 10-21-09
                      • 4042

                      #11
                      Vegas kind of hates the Superbowl. Harder to rig the game.
                      Comment
                      • rem sleep
                        SBR MVP
                        • 10-04-10
                        • 1238

                        #12
                        they could've easily been in the red if someone made a million dollar bet on GB. Crazy.
                        Comment
                        • jjgold
                          SBR Aristocracy
                          • 07-20-05
                          • 388185

                          #13
                          Packers were pounded
                          Comment
                          • YorkHunt
                            SBR Hall of Famer
                            • 12-11-10
                            • 7496

                            #14
                            WINNING SOMETHING is better than losing for them!
                            Comment
                            • HustleGetPaid
                              SBR MVP
                              • 10-28-09
                              • 1199

                              #15
                              Damn a profit, but less than last year's Super Bowl...
                              Comment
                              • Sunde91
                                SBR Hall of Famer
                                • 11-26-09
                                • 8325

                                #16
                                Just shows public betting % mean almost nothing w/o volume.

                                60-70% on PITT ML, 50-55% on GB - points.

                                Big money slammed GB from open to close; reflected in line and in Vegas barely profiting.
                                Last edited by Sunde91; 02-08-11, 03:40 PM.
                                Comment
                                • floridagolfer
                                  SBR MVP
                                  • 12-19-08
                                  • 2757

                                  #17
                                  That's chump change (if accurate).
                                  Comment
                                  • INVEGA MAN
                                    SBR Hall of Famer
                                    • 01-30-08
                                    • 6794

                                    #18
                                    Hilton lost but it could of been worse. Jay said the sharps lost because they bet Steelers late which saved them big time. This was written in the Las Vegas Review Journal yesterday
                                    Comment
                                    • VegasInsider
                                      SBR Posting Legend
                                      • 12-12-10
                                      • 14593

                                      #19
                                      Like stated above, the fact they turned a profit is good considering all three public betting sides came in (Fav ML, spread and over). Not too mention, almost all teasers would have cashed and GB/Over parlays. They picked up their profit on props and those looking for value on Pitt ML
                                      Comment
                                      • Poster X
                                        SBR High Roller
                                        • 07-09-10
                                        • 236

                                        #20
                                        was not a good year for them. oh well.
                                        Comment
                                        • big0mar
                                          SBR MVP
                                          • 01-09-09
                                          • 3374

                                          #21
                                          Even when they lose, they win
                                          [B][B]They key isn't getting rich quick. The key is getting rich slowly, and enjoying it.

                                          [/B][/B][SIZE=1][URL="http://forum.sbrforum.com/sbr-points/490161-points-available-loan.html#post4633361"][/URL][/SIZE]
                                          Comment
                                          • Brock Landers
                                            SBR Aristocracy
                                            • 06-30-08
                                            • 45360

                                            #22
                                            who was Walters on?
                                            Comment
                                            • tenbas
                                              SBR Sharp
                                              • 05-19-10
                                              • 430

                                              #23
                                              Originally posted by Poster X
                                              was not a good year for them. oh well.
                                              Actually it was pretty good. Not the best of all - but good. At least what I've heard from those in business.
                                              Comment
                                              • LLXC
                                                SBR Hall of Famer
                                                • 12-10-06
                                                • 8972

                                                #24
                                                700k from 6.9 mill last year, ouch, heh.
                                                Comment
                                                • blackbart
                                                  SBR MVP
                                                  • 12-04-07
                                                  • 3833

                                                  #25
                                                  less than 1% is terrible. another article claims they lost, biggest loser since 94 super bowl
                                                  Comment
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