Interresting read on if Las Vegas won or lost money yesterday on the SuperBowl

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From Bloomberg:

A late rush of losing wagers on the New England Patriots may help Nevada’s sports books turn a profit on the Super Bowl, where the majority of early bets had been on a New York Giants victory.
The Giants won the National Football League championship game 21-17 as three-point underdogs, scoring the winning touchdown with 57 seconds left at Lucas Oil Stadium in Indianapolis last night.
Nevada’s sports books have made a profit on the Super Bowl in 18 of the past 20 years and more than $90 million was projected to be legally wagered on the game, according to the state’s Gaming Control Board.
“The late rush was on the Patriots, which bailed us out,” said Jimmy Vaccaro, director of sports operations at Lucky’s Race & Sports Book in Las Vegas. “The general public was in love with this Giants team and you found out a reason why they’ve been riding them for the past eight weeks.”
Vaccaro said while Lucky’s probably came out even in terms of which team would win, it made a profit on other wagers including so-called proposition bets, such as which quarterback would pass for more yards or whether a team would score in the final 3 1/2 minutes of the game.
Nevada’s 183 sports books, most of which are located in Las Vegas and Reno, take a commission of about 4.5 percent per bet.
“Everything together made us a fair winner for the day,” Vaccaro said in a telephone interview. “It wasn’t as bad as it was three days ago. The Patriot money did show and the line went back to three in most casinos, telling you there was plenty of Patriots money.”
Losing Years

The last time Nevada’s sports books failed to win money was in 2008, when the Giants upset the Patriots as 12-point underdogs and they lost about $2.6 million. The only other losing year in the past 20 was 1995, when the San Francisco 49ers were favored by a Super Bowl-record 18 1/2 points over the San Diego Chargers and covered the spread with a 49-26 win.
Nevada’s Gaming Control Board said the state’s sports books won $724,176 on $87.5 million in wagers last year, when the Green Bay Packers were favored by three points and beat the Pittsburgh Steelers 31-25. The books won $6.8 million on $82.7 million in wagers in 2010.
This year’s wagering results may be available by tomorrow, according to the board.
The Giants as recently as last month had odds as high as 100-1 to win the Super Bowl. When they had a 6-6 record, one bettor placed a futures bet “well over four figures” on the Giants at one of Cal Neva’s sports books, said race and sports director Chris Andrews.
Good Volume

“The Giants were up in the futures when they were going through their losing streak,” said Craig Schaffer, an assistant manager at the MGM Mirage in Las Vegas. “But overall we did OK. We would have done a little better if the Patriots had won, but the volume was good.”
The Las Vegas Hotel and Casino was a “moderate winner” on its Super Bowl futures betting even with the Giants winning, assistant sports book manager Jeff Sherman said. The casino would have fared better if the Patriots had won, he added.
Lucky’s Vaccaro said their total handle on the game was up about 5 percent from last year.
The record Super Bowl handle in Nevada was $94.5 million in 2006, when Pittsburgh beat the Seattle Seahawks 21-10.
 

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I honestly think he's lying. There is no way they suddenly got a flood of Patriots money and I watched the lines online, they certainly did not go to 3, they mostly went to 2.5 at -110.

They lost on the side bigtime but don't want to say it, they had a bad line. On the total and props I would think they made nice money, but I have to LOL at the covering his ass about the side.

He sounds like a typical gambler that lost and is pretending he "broke even", no?
 

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Adding a LOL about the futures too, they got killed on the Giants futures and they know it. LOL Giants at 25-1, 50-1 versus Pats at probably 2-1, broke even BS!
 

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GFX, do you think they're factoring in all Futures though when they said that? Meaning after considering all the teams futures that lost, they broke even? I didn't read the article, just wondering.


I agree though, sounds fishy.
 

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I'm sure that overall they probably do very well with futures but the tell is the comment about the Patriots..."we would have done a little better if the Patriots won". That means that even though all season the Pats were getting pounded at 2-1, they had enough $$$ on the Giants at high odds they ended up losing with the Giants versus having to pay on the team that was most likely to win (except maybe GB).
 

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Word has it the bets were 80% NYG until 24 hours before kickoff. The late action was 70-30 on NE, but some of that was smaller stuff. Vegas did ok, but not spectacular. Ditto offshore, who got NE action as well on Sunday, but some books may have taken a minor hit.
 
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Who cares about how many bets were placed on any fucking team? Its about how much money is one the damn team....if i have 20 bettors with $100 on the game and one bettor with $10,000 on the game then what happens? KOOKS.
 

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Nobody is talking about the # of bets, we are talking about the money
Every indicator, including Vegas themselves says they had more bet on the Giants

we're just having a good giggle about the fact that the bookmaker here is acting like a degenerate gambler

i.e. You lose $5k on the SB but make up some story that you still did OK because you had something else "Well I made $4800 on CBB earlier in the day so it was a wash" Just funny how much it sounds like a gambler lying about his losses, nothing more.
 

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I'm sure they took a lot of large NE futures all season.
 

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I honestly think he's lying. There is no way they suddenly got a flood of Patriots money and I watched the lines online, they certainly did not go to 3, they mostly went to 2.5 at -110.

They lost on the side bigtime but don't want to say it, they had a bad line. On the total and props I would think they made nice money, but I have to LOL at the covering his ass about the side.

He sounds like a typical gambler that lost and is pretending he "broke even", no?

Bingo. Where the money was going was a big topic of discussion here all week. The books got hammered on the ML and the side more than they'll ever admit.
 

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For the futures, I'm sure he's counting all futures bets, not just Giants and Patriots. So whatever the huge odds paid off on the Giants, even 100-1 when they were at 6-6, I'm sure the money won on all other future bets for the other 31 teams in the league keeps them in the black.

As for the line itself, I have to imagine that enough money came in on the Pats to keep the line at -3 or even -2.5. I know most of my off shore books went off at -3 at game time and they had hit -2.5 earlier in the week. Vegas and the offshore books are not in the habit of giving away money. I'm sure if they had too much money on riding on the Giants they would have dropped the line down to Pats -1 or something to try to balance it out. But that's just my opinion of course. The bookmaker could actually be lying his ass off, who really knows...
 

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Jimmy Vaccaro is selling WOLF TICKETS!!! The Giants were pounded plus the points and on the money-line and unlike most Super Bowls the UNDER was pounded. Who is he kidding??? The total opened at 55.5 and on Super Bowl Sunday it was 53 all over the place. The Sportsbooks for two weeks straight were bombarded with Giants on the ML action @+125 forget all of the Giants +3 action. I know guys at just three sportsbooks in Vegas that were writing Giants tickets 3-1 vs NE money...Jimmy Vaccaro is talking major sh*t LOL

Yours in Winners
BernieV
 

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LOL awesome Bernie! The ML was down to like +115 at a lot of places, yet they are going to try and tell me that was a solid 3 line?
They got rocked and at least a few of us know it. It was absolutely shocking though that it happened in the SB.

It seems like the more veteran the gambler, the more difficulty he had realizing this because Vegas doesn't do it very often.
 

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I don't necessarily agree with you Bernie. By putting the line down to 53, it encouraged more over betting which I'm sure they had plenty on. The sharps were on the under...like myself...from the get go. Although Giants money came in early, the late betting had the money on the Pats. After all, could Tom Brady lose to them 3 times in a row? That's the way the public looked at the game.

Even though the Giants had plenty of future money on them....I had them at 25-1 on November 4th, What about all the money that got burned up on the Packers, Saints and Steelers? Not to mention the Pats.

All in all, I'm sure the Gaming Commission report will come out by Wednesday, and the truth will come out for all to see. After all, they can't lie to the GC!
 

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LOL awesome Bernie! The ML was down to like +115 at a lot of places, yet they are going to try and tell me that was a solid 3 line?
They got rocked and at least a few of us know it. It was absolutely shocking though that it happened in the SB.

It seems like the more veteran the gambler, the more difficulty he had realizing this because Vegas doesn't do it very often.

Don't tell Maris! The action was closer to even than you think!!!
 

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From the Las Vegas Sun

The overload of betting options available on Super Bowl 46 worked in the favor of Las Vegas sports books Sunday evening.
While the 3-point underdog New York Giants beating the New England Patriots 21-17 in Indianapolis was far from ideal, books made up for slight losses on the point spread through other avenues like proposition wagering.
“We ended up winning a ham sandwich,” said Lucky’s sports book director Jimmy Vaccaro. “We won the first and second halves. We would have won real big if it would have come any other way than the Giants and under.”
The Super Bowl went under the total, which closed around 54 at most books in the valley, for the sixth time in the past eight years. Public bettors traditionally bet the over and cheer for points in games like the Super Bowl, but they eschewed that trend this year in several locations.
The under, however, wasn’t a poor result for everyone. Mike Colbert, sports book director at Cantor Gaming, said his shop would have lost money with the over.
Cantor made a minor profit overall.
“The real reason, to be honest, was the props,” Colbert said. “The props really helped us. Under was good for us, but we’re a small winner for the day because of props.”
The low-scoring nature of the game translated into many of the props on individual players going under. That was exactly what the sports books wanted.
For instance, the LVH (formerly the Las Vegas Hilton) Superbook listed New York quarterback Eli Manning’s over/under passing yards at 308 and New England quarterback Tom Brady’s at 319. Neither threw for more than 300, as Manning finished with 296 yards and Brady had 276.
“Both quarterbacks staying under was very big for us,” Colbert said. “(New York receiver) Victor Cruz only having for catches was very big for us. Those were three of the best.”
Books were forced to deal with one disastrous scenario at the beginning of the game. The first score came when the Giants recorded a safety because of an intentional grounding call on Brady in the end zone.
At MGM Resorts properties, a few bettors cashed 50-to-1 tickets on a safety registering as the first score. Betting ‘yes’ on a safety happening in the game at +800 and a safety or a field goal coming before a touchdown at a plus-price were also popular plays at MGM.
“Add that up and we started off a quarter-million in the hole,” said Jay Rood, sports book director of MGM Resorts International. “That wasn’t any good.”
But Rood was mostly enthused by the end of the game. Although MGM lost money with bettors taking New York to win the game straight-up on the money line, it did well on the point spread.
“We really had a lot of Patriot money show up yesterday,” Rood said. “Our volume was very good, a little bit up from last year. It was a good day all-in-all.”
Bettors swarmed sports books with money on New York before this weekend. But New England garnered far more support in the final 48 hours.
The trend toward the Patriots evened out the action and likely ensured that Nevada would post a profit on the Super Bowl for the 16th time in the last 17 years.
“If it would have come this way 24 hours ago, it would have been one of the worst Super Bowls,” Vaccaro said. “But we got what we thought we were going to get late, which was a bunch of Patriots money.”
 

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That safety pissed me off. It was 60-1 at one of my books and I almost took a shot at it for a couple of bucks. Went with a few other props instead that all missed.
 

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They made some money on the 2nd half line. I watched the N.E. ML go up from 135 to 160 at the Hilton. They had the lead and were getting the 2nd half kick off.
 

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So many Giant bettors took the ML the books could not have done"alright".
 

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