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Las Vegas oddsmakers offer opinions on Super Bowl XLVI
01.31.2012 06:52 AM
Printer Friendly
Gaming Today
got the opinions of some Las Vegas oddsmakers and local media members on Super Bowl XLVI. Nine of the 11 picked New England to win. LVH's Jay Kornegay was on board with the Giants and MGM's Jay Rood hinted that the game will go under.
Jay Rood, MGM Resorts – Patriots 24-23: I see a low scoring game with Brady executing a last minute drive to seal the game and his hall of fame credentials.
Mike Colbert, Cantor Gaming – Patriots 27-20: Brady and Belichick will be too much for the Giants in a double-revenge game.
Jay Kornegay, LVH Super Book – Giants 27-24: I think the Giants defensive momentum carries over into this game and frustrates Brady.
Bert Osborne, South Point – Patriots 31-20: I’ve seen the Giants look bad a lot more times this season than I have with the Patriots.
Bob Scucci, Coast Resorts – Patriots 27-24: I think this will be a closely fought game with no team getting too far ahead, just like their last Super Bowl and week 9 this year.
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Tags:
NFL
New England Patriots
New York Giants
Super Bowl XLVI
Las Vegas
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Super Bowl XLVI Gambling: Prop bets more popular than ever
01.30.2012 01:04 PM
Printer Friendly
Article on the increased popularity of
Super Bowl prop bets
. LVH oddsmaker Jay Kornegay said close to half of the $87 million bet on last year's Super Bowl in the state of Nevada came from prop wagers. One of the most famous was Refrigerator Perrry’s touchdown during Chicago's Super Bowl XX win over New England. The line opened 100-1, was bet down to 5-1 and the books took a bath.
“When he crossed the goal line, you could hear a collective groan from all the sports books in Las Vegas,” says Vaccaro, whose sports book lost $34,000 on that prop bet alone.
“You see people at Super Bowl parties holding one ticket on the game and six tickets with prop bets,” Kornegay says. “We have a couple of guys, who, every year, bet on every single prop. When you have hundreds of them, that can really add up.”
Tags:
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Super Bowl XLVI
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Handicapper Teddy Covers' Super Bowl XLVI Gambling Preview
01.30.2012 10:34 AM
Teddy Covers
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Submitted by Teddy Covers
The 2011 Super Bowl was not a good one for the sportsbooks here in Las Vegas and offshore. They underestimated the groundswell of support for Green Bay and the Over. Money poured in on the favorite, driving the line up as high as -3 from a -1 opener. And money poured in on the Over; the closing total was as high as 55 at several key locations. When the Packers won 31-25, bettors cashed in on both the side and total. It was the worst Super Bowl result for the books since the infamous Super Bowl XIII, back in January 1979 when the Steelers beat the Raiders 35-31 in a game that bounced between -3.5 and -4.5 all week – a dreaded “middle” for the biggest game of the year.
The books will have a definite rooting interest in the Super Bowl again this year, because for the second consecutive season, the books underestimated the support for the hot team down the stretch. New England opened as a 3.5-point favorite over the New York Giants in many key locations, with one influential sportsbook – the Wynn – even hanging a -4 on the Patriots.
-3.5 or -4 was not the correct line, as determined by the betting markets. The books spent the first week
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New England Patriots
New York Giants
Teddy Covers
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Super Bowl XLVI Betting Line History Offshore and Las Vegas as of 1/30
01.30.2012 06:08 AM
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Super Bowl XLVI Line History Offshore and Las Vegas as of 1/30
Offshore
Opening Line
Current Line
Opening Total
Current Total
CRIS
New England -3.5
New England -3 (+105)
56
55
Pinnacle
New England -3.5 (+103)
New England -3 (+108)
54
55
Greek
New England -3.5
New England -3 (+105)
56
55
5Dimes
New England -3.5
New England -2.5 (-120)
54
55
Grande
New England -3
New England -3 (+110)
55
54.5
Heritage
New England -3 (-120)
New England -2.5 (-115)
55
55
Jazz
New Elgnad -3
New England -3 (ev)
55.5
55
Las Vegas
Opening Line
Current Line
Opening Total
Current Total
Hilton
New England -3
New England -3 (ev)
53.5
54.5
Wynn
New England -4
New England -3 (-105)
54
55
Luckys
New England -3.5
New England -3 (ev)
56
55
Leroys
New England -3 (-120)
New England -3 (+105)
55.5
55
Coasts
New England -3 (-120)
New England -2.5 (-120)
56
55
Stations
New England -3.5
New England -3 (ev)
56
55
Mirage
New England -3.5
New England -2.5 (-125)
55.5
55
Caesars
New England -4
New England -3 (ev)
55.5
54.5
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Super Bowl XLVI
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LVH Sportsbook posts Super Bowl XLVI and PGA Tour prop bets
01.29.2012 07:51 AM
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LVH oddsmaker Jeff Sherman posted this year's
Super Bowl XLVI/PGA Tour
prop bets.
"For the Super Bowl props involving golfers, we have to use easily gradeable statistics for Sunday's final round," says Sherman, who is also the founder of Las Vegas' GolfOdds.com. "This generally came down to a golfer's fourth round score or number of birdies by a golfer, for example. Then we have to cross reference it to a football prop in a similar statistical range. Once we match those, then we set the price. In regard to the Nick Watney prop, we look over his scoring average at the Phoenix Open and also look at his fourth round scoring averages. For the punters, we just take the number we came up with in the main proposition section to use as our representative number. Finally, we use feel as to what number will create the best two-way action."
WHO WILL HAVE MORE:
**(Phil Mickelson must tee off in the Phoenix Open 4th round on Sunday, February 5, 2012, and complete 18 holes. 4th round must be completed
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Super Bowl XLVI Gambling: Biggest bets it Super Bowl history
01.27.2012 08:02 AM
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A breakdown of some of the biggest reported bets in
Super Bowl history
.
$2.4 million
In Super Bowl XXIX, someone bet $2.4 million on the San Francisco 49ers to beat the San Diego Chargers (laying 8 to 1 odds to win $300,000) at the Mirage Hotel Sports Book in Las Vegas. Six Steve Young TD passes later, he won the bet.
$3.24 million
In 2002 a well-known Hollywood agent to the stars bet $1 million offshore that the underdog New England Patriots would cover the 14-point spread against the St. Louis Rams, and bet another $400,000 on the Patriots to win outright at 6 to 1 odds. Final Score: New England 20-17.
$1 million
In Super Bowl XXXI, a client of TheGreek.com took the Green Bay Packers for $500,000 to beat New England by more than 13½ points and the Patriots for another $500,000 to lose by fewer than 14½ points. The only way he could win both bets and avoid losing the $50,000 vigorish is if the Packers won by 14 points. Final score: Green Bay 35-21.
$1.65 million
The late legendary oddsmaker Bob Martin took a $1.65
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Cantor Gaming takes over Palms Casino Resort sportsbook
01.27.2012 07:48 AM
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Cantor Gaming received approval to take over the sportsbook at
Las Vegas' Palms Casino Resort
. Cantor is slated to begin operations by early February.
"We are delighted to have received regulatory approval quickly, enabling us to operate at Palms in time for March Madness, which is an exciting period for sports betting patrons," said Lee M. Amaitis, President and Chief Executive Officer of Cantor Gaming. He continued: "We look forward to working with Palms and unveiling a spectacular new sports book later this year which offers sports betting fans a luxury, first class betting experience."
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Baccarat has become Las Vegas' big moneymaker
01.27.2012 07:26 AM
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In terms of table games,
Baccarat reigns supreme
in Las Vegas. During the recent Chinese New Year celebration, it was reported that a few gamblers were playing $100K-$200K a hand at the MGM Grand. Baccarat accounts for nearly 60 percent of MGM's table game revenue. In Atlantic City, where there aren't as many high rollers, blackjack remains the most popular option.
“For us to make money in gaming today without baccarat is almost impossible,” said Debra Nutton, senior vice president of casino operations at the MGM Grand hotel-casino. “We need the big whales to make money.”
“Baccarat represents a small percentage of total table win at the Atlantic City casinos,” said Daniel Heneghan, a spokesman for the New Jersey Casino Control Commission. “Casinos here have never attracted the kind of big players, or whales, that Las Vegas has.”
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Create your own Super Bowl XLVI Prop Bet and have it posted at The Orleans
01.26.2012 02:15 PM
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ESPN's Chad Millman just posted his fourth annual
Super Bowl prop contest
. This winner gets his or her prop posted at Las Vegas' Orleans Sportsbook. Last year's winning prop bet was:
"When adding the digits of the final score individually, will the total be over/under 12.5?"
The loyalists who have been reading for the past couple years know the drill: I want you to tweet me or email me your idea for a fantastic Super Bowl prop by Sunday night. Bob Scucci will choose the winner and post it on the board at The Orleans on Tuesday night. I'll announce the winning prop in the blog and on Twitter on Wednesday morning.
Don't forget to sign up for the
Sportsmemo Super Bowl contest
.
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Las Vegas sportsbooks project Super Bowl XLVI handle to reach $90 million
01.26.2012 06:08 AM
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Las Vegas oddsmakers are expecting this year's
Super Bowl handle
to top $90 million. According to the Nevada Gaming Control Board, there was $87 million wagered on Super Bowl XLV within the state.
“I think $90 million is possible again, if not more — maybe $91 million. A lot of it has to do with the popularity of the Giants and Patriots,” he said.
“We’ve taken some Giants money through early betting,” he said.
“Patriots (bets) will probably wait until closer to kickoff.”
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