Sports Books loss for Super Bowl

THE KOD

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Nevada sports books lose record $2.6M on Super

BowlAssociated Press

February 6, 2008, 6:56 PM

Nevada sports books lost a record $2.6 million on Super Bowl bets when the New York Giants upset the New England Patriots on Sunday.

The sports books handled just more than $92 million on the game, the third-highest amount ever but down for the second consecutive year.

The record was set in 2006 when $94.5 million was bet.

The last time the books lost money was in 1995, when the San Francisco 49ers blew out the San Diego Chargers, 49-26, and Nevada books lost $400,000.

Nevada Gaming Control Board analyst Frank Streshley says large amounts were bet on the money line that the Giants would win outright.

The payouts on those bets were as large as four times the original bet because New England was such a huge favorite.

The game ended with the Giants winning 17-14.
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Something is fishy about this. Obviously the books in Nevada are not going to tell us what they really won or loss.

Lets see they took in 92 million.

And after all the die was cast they end up losing only 2.6 million.
:shrug: :shrug:

Something is not right with this.

and while I am on this subject :00hour :00hour
 

BigFatLooza

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Only a $2.6 million loss from $92 million worth of bets??? Yeah, that does sound a bit low. Vegasinsider showed 80% of ML bets on the Giants and sixty-something percent on the Giants against the spread. I think they won a small amount on the o/u. I can only assume they made a killing on the other prop bets. :shrug: As I said in my other post, I'm surprised Vegas allowed themselves to take that kind of a hit. They should have paid off some refs to make sure the Pats at least won outright....or at least dramatically dropped the spread or ML payout. I guess Vegas must have been mega confident that the Pats would at least win outright so they could cash in on the ML bets. :shrug: I'm assuming Vegas doesn't make this kind of mistake very often.:scared
 
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