Any Vegas guys remember this?

[NICKYTHEFISH 0]

I was reading the book The Odds.There is a part where it says in 1992 Coast Casinos put a prop on the superbowl for that year when Redskins were -7 over the Bills and the prop was skins-6.5 and bills +7.5.They said their liability for that game was 23 million.

 

[Fishhead 0]

Yup, and they advertised this in huge bold letters on their marque just off the strip on Flamingo road.

 

[Fishhead 0]

If you think about EVERYTHING that this entailed for the Coast properties, this was a very smart move on their part.

 

[DNoonan 1,980]

The Odds....solid book

 

[WildBill 0]

This was done many times during the early 90s. The Cowboys and Bills game the next year and the year after that as well. I don't think anyone was offering it when the Pack finished on the number a few years later, that would have been a disaster alright. Coast and others had already gone to -105 on the spread, which they still offer to this day on straight bets and the total on the Superbowl.

 

[Fishhead 0]

Again, the risk appears to be MUCH higher than it actually is until you start factoring in other factors.

The Coast properties are no dummies.

 

[NICKYTHEFISH 0]

I defidently recommend this book to posters it is a good read.

Fish-I don't know who was running Coast back then but one thing is for sure that the Gaughan's trusted their bm's opinion on this one.Also if they were that worried they would have taken that bet off the board before the 23 million dollar liability.

 

[Fishhead 0]

Nicky, there are many intalgibles that made this a great proposition for the COAST properties.

 

[kyhawk 0]

They also put a prop if fridge would score touchdown vs New England. i think it opened 10-1, got bet to 4-1.

 

[bolivar 0]

You remember when one of the Hotels offered the field against Azeri.

 

[DavidMatthews 0]

Fish: I would be interested in hearing your take on this as to why it was a good promotion for the Coast properties to run.

Here are reasons I can think of:

1) Publicity. I mean people are even talking about it years later on this forum. They must have gotten some good press

2) Higher volume. They have the best number no matter which team you want so they probably got 5 to 10 times more action than any other place

3) The risk is not that high when given the other factors. The game will land on 7 about 1 in 18 times so 1 out of 18 times they lose big, but 17 out of 18 times they make a ton more money than they would have because of the higher volume and getting the full -110.

Is this how you would explain it? Are there other factors?

 

[Fishhead 0]

Excellent points DM

A couple other minor ones.........

1. All the people coming to the Coast properties to make their wagers because of this, including TONS of locals. Imagine what they and their families spent and lost in the casino in the days leading up to the Superbowl!

2. ALL ties lose parlay cards go down the drain if game does fall on the number, a huge win!

 

[DavidMatthews 0]

Great points. Very interesting.