Online Sportsbooks Take Large Financial Hit During NFL Draft
Looks like the books want to forget about this years NFL draft. The draft didnt treat the odds makers good with both USC stars sliding down.
Online Sportsbooks Take Large Financial Hit During NFL Draft
Experts and analysts everywhere penciled in running back Reggie Bush from Southern California as the guaranteed number one pick overall in the 2006 NFL draft. Even online bookmakers such as BetCRIS Sportsbook gave 1 to 8 odds the Houston Texans would select him. However, the Texans had other plans and late Friday night signed defensive end Mario Williams from N.C. State solidifying him as their number one pick the following afternoon.
Because of this, BetCRIS took a huge hit and paid out big to bettors. The online sportsbook set the odds at 6 to 1 that Houston would not draft the running back some were calling the next Gale Sayers. Meaning, for every $100 bet placed on Bush not being taken by the Texans, $600 were paid out.
“Reggie Bush is one of those athletes that only come around once in a lifetime,” said BetCRIS CEO, Mickey Richardson. “I’m still floored by the fact that the Houston Texans passed on him.”
In addition, BetCRIS Sportsbook also lost money on the odds set for Bush’s USC teammate QB Matt Leinart. They had the Oakland Raiders with the number seven pick as the favorite. Unfortunately for BetCRIS, Leinart dropped all the way back to Dennis Green and the Arizona Cardinals.
“We took a bath on both of these,” Richardson continue to say. “But that’s sports betting for you. A lot of wise NFL fans are enjoying a big payout this week.”
Experts and analysts everywhere penciled in running back Reggie Bush from Southern California as the guaranteed number one pick overall in the 2006 NFL draft. Even online bookmakers such as BetCRIS Sportsbook gave 1 to 8 odds the Houston Texans would select him. However, the Texans had other plans and late Friday night signed defensive end Mario Williams from N.C. State solidifying him as their number one pick the following afternoon.
Because of this, BetCRIS took a huge hit and paid out big to bettors. The online sportsbook set the odds at 6 to 1 that Houston would not draft the running back some were calling the next Gale Sayers. Meaning, for every $100 bet placed on Bush not being taken by the Texans, $600 were paid out.
“Reggie Bush is one of those athletes that only come around once in a lifetime,” said BetCRIS CEO, Mickey Richardson. “I’m still floored by the fact that the Houston Texans passed on him.”
In addition, BetCRIS Sportsbook also lost money on the odds set for Bush’s USC teammate QB Matt Leinart. They had the Oakland Raiders with the number seven pick as the favorite. Unfortunately for BetCRIS, Leinart dropped all the way back to Dennis Green and the Arizona Cardinals.
“We took a bath on both of these,” Richardson continue to say. “But that’s sports betting for you. A lot of wise NFL fans are enjoying a big payout this week.”
