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Las Vegas sportsbooks make small $3.2 million profit on Super Bowl XLIX

02.03.2015     06:00 AM     Printer Friendly
It was a profitable Super Bowl for Las Vegas sportsbooks but a far cry from last year's 16.5% hold. The Patriots/Over outcome wasn't ideal but combined with prop bets, Vegas sportsbooks pulled in over $3.2 million (2.8%). The $115 million wagered was second all-time to last year's $119 million.

Las Vegas Sportsbook Super Bowl Profits 1995-2015
Year
Matchup
Wagered
Net Profit
Win%
2015
New England 28, Seattle 24
$115,986,086
$3,261,006
2.80%
2014
Seattle 43, Denver 8
$119,400,822
$19,673,960
16.50%
2013
Baltimore 34, San Francisco 31
$98,936,798
$7,206,460
7.30%
2012
NY Giants 21, New England 17
$93,899,840
$5,064,470
5.40%
2011
Green Bay 31, Pittsburgh 25
$87,491,098
$724,176
0.83%
2010
New Orleans 31, Indianapolis 17
$82,726,367
$6,857,101
8.30%
2009
Pittsburgh 27, Arizona 23
$81,514,748
$6,678,044
8.20%
2008
NY Giants 17, New England 14
$92,055,833
($2,573,103)
-2.80%
2007
Indianapolis 29, Chicago 17
$93,067,358
$12,930,175
13.90%
2006
Pittsburgh 21, Seattle 10
$94,534,372
$8,828,431
9.30%
2005
New Engand 24, Philadelphia 21
$90,759,236
$15,430,138
17.00%
2004
New England 32, Carolina 29
$81,242,191
$12,440,698
15.30%
2003
Tampa Bay 48, Oakland 21
$71,693,032
$5,264,963
7.30%
2002
New England 20, St. Louis 17
$71,513,304
$2,331,607
3.30%
2001
Baltimore 34, NY Giants 7
$67,661,425
$11,002,636
16.30%
2000
St. Louis 23, Tennessee 16
$71,046,751
$4,237,978
6.00%
1999
Denver 34, Atlanta 19
$75,986,520
$2,906,601
3.80%
1998
Denver 31, Green Bay 24
$77,253,246
$472,033
0.60%
1997
Green Bay 35, New England 21
$70,853,211
$2,265,701
3.20%
1996
Dallas 27, Pittsburgh 17
$70,907,801
$7,126,145
10.10%
1995
San Francisco 49, San Diego 26
$69,591,818
($396,674)
-0.60%
 
 
$1,778,121,857
$131,732,546
7.40%





Tags: NFL Super Bowl XLIX Las Vegas




Nevada sportsbooks crushed in 2014

01.30.2015     01:56 PM     Printer Friendly
SportsMemo.com blog entry.
Nevada sports books enjoyed their biggest year ever thanks to an all-time high of betting volumue.


"[Sports] betting volumes have set records in five consecutive years and win totals have set records in two consecutive years." Lawton said. "This year without a doubt, sports betting was the growth story."






Tags: Las Vegas




Nevada's Black Book adds another name

01.30.2015     07:24 AM     Printer Friendly
SportsMemo.com blog entry.
The Nevada Gaming Commission recently added another name to its famed Black Book running the total up to 33. According to the rules, the only way to have one's name removed from said book is death. 




Tags: Las Vegas




Super Bowl XLIX Gambling: Las Vegas sportsbooks promote "Big Game" parties

01.28.2015     11:34 AM     Printer Friendly
SportsMemo.com blog entry.
Add the NFL to the list of things that suck. The other day we linked to a list of all of the Las Vegas sportsbooks hosting Super Bowl parties. There's one common theme: the sportsbooks aren't allowed to promote their party using the term "Super Bowl." Geesh. "Big Game" seems to be the most commonly used alternative. The NFL dropped the hammer on this over a decade ago but still feels the need to pop it's head in every year for a passive aggressive reminder to never mess with the machine.




Tags: NFL Las Vegas Super Bowl XLIX




Super Bowl XLIX Gambling: New England Patriots remain hottest bet in Las Vegas

01.28.2015     06:59 AM     Printer Friendly
SportsMemo.com blog entry.
It's been well documented that the early money for Super Bowl XLXI has come in on the New England Patriots. But exactly how much you ask? According to Las Vegas' Westgate, the ratio is a startling 3.5-to-1. That said, less than 20% of projected handle is currently in play.


"It hasn't slowed people down as far as liking the Patriots -- they don't care," head oddsmaker Ed Salmons said. "That outside noise, trying to predict how it's going to affect a team, is impossible. Unless you're inside that locker room, you don't know."






Tags: NFL New England Patriots Super Bowl XLIX Las Vegas




Super Bowl XLIX Gambling: Offshore still rules the roost when it comes to prop bets

01.27.2015     01:47 PM     Printer Friendly
SportsMemo.com blog entry.
If you're looking to bet some of the crazy props associated with the Super Bowl, you'll have to do so offshore. Las Vegas is still limited in what they can allow; basically anything not associated with the box score is a no-no with the exception of the coin flip. Meanwhile, most offshore/offscreen sportsbooks offers the likes of Bill Belichick's hoodie color as well as the Nielsen TV Rating.




Tags: NFL Super Bowl XLIX Las Vegas




Teddy Covers' Las Vegas Wiseguy Report: Bettors ready for Super Bowl XLIX

01.26.2015     10:49 AM     Teddy Covers     Printer Friendly
Submitted by Teddy Covers

SportsMemo.com blog entry.
It’s Super Bowl time again.  I use this line every year because it’s true – this IS the moral equivalent of Christmas Day for many sports bettors.  Yet, much like last year, many of the professional full time bettors that I know are rather disappointed with the proposition betting opportunities for Super Bowl XLIX – there’s simply not much low hanging fruit.  The biggest and best sportsbooks (market leaders both here in Vegas and offshore) have learned from previous mistakes.  Weak numbers do NOT abound in 2015.

Let me start with the game itself.  The Super Bowl itself has been an underdog bettor’s paradise in recent years.   The Seahawks were underdogs at kickoff last year in their blowout win over the Broncos. The Ravens won the Super Bowl in 2013, as the underdog, beating the favored 49ers.  The Giants won the year before as an underdog; knocking off the Patriots.  In 2010, the Saints won straight up as a dog over Peyton Manning and the Colts.  In 2009, the Cardinals covered the spread in a tight loss to the Steelers.  In 2008, the Gia nts beat the favored 18-0 Patriots Read more



Tags: NFL Super Bowl XLIX Teddy Covers Las Vegas




Las Vegas sportsbooks gear up for Super Bowl XLXI

01.26.2015     10:43 AM     Printer Friendly
SportsMemo.com blog entry.
Our friends from The Vegas Parlay have compiled a nice list of all of the Las Vegas sportsbook Super XLIX parties. There’s everything from high-end group parties to $1 hot dogs.




Tags: NFL Super Bowl XLIX Las Vegas




WATCH: Sportsmemo Handicapper Teddy Covers in Life On The Line

01.23.2015     02:33 PM     Printer Friendly
With no football this weekend (the Pro Bowl doesn't count) and 200 college basketball games perhaps not your schtick you can sit back and watch the sports betting documentary Life On The Line for free. It features Sportsmemo Handicapper Teddy Covers as they discuss life as a sports bettor in Las Vegas.




Tags: Las Vegas Teddy Covers




Sportsmemo Handicapper Teddy Covers to speak at Mob Museum

01.21.2015     01:50 PM     Printer Friendly
SportsMemo.com blog entry.
Sportsmemo Handicapper Teddy Covers will be speaking at tonight's Courtroom Conversation at the Las Vegas Mob Museum. The topic, of course, will be sports betting! For more info, click here.


“The two greatest blunders in the history of U.S. gaming were the support of the Professional and Amateur Sports Protection Act, which helped create the offshore online gaming industry, as well as prohibiting the expansion of legal sports wagering into other states.”






Tags: Las Vegas Teddy Covers



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Copyright © 2007 SPORTSMEMO, INC, 1-800-575-3069. Sportsmemo.com is the nation’s premier resource for sports betting and handicapping information. Get free football picks, free NFL picks, free college football picks, free baseball picks, free NBA picks, free college basketball picks, free hockey picks, free golf picks, and free soccer picks from the nation’s top handicappers. Sportsmemo's sports betting insight and analysis comes from some of the most respected sports handicappers in the sports gambling industry including Ted Sevransky (Teddy Covers), Brent Crow of Alatex Sports, Rob Veno, Erin Rynning, Otto Sports, Andrew Lange, Sammy P Sports, Ian Cameron, and Drew Martin. Listen to these handicapping experts daily on the Sportsmemo Radio Show from Noon-2 pm PST on Fox Sports 920AM in Las Vegas and the web at Sportsmemo.com.  Missed the Sportsmemo Radio Show?  Past shows are available on Sportsmemo.com's radio archive page. Looking for daily sports betting tips and sports betting advice on the MLB, NBA, NCAA, NFL, NHL, AFL, and PGA? Check out the interactive sports betting posting forum, matchup statistics, power ratings, expert handicapping blogs, and original sports betting articles from the Sportsmemo team that specializes in sports information from a pointspread perspective at Sportsmemo.com.   Jul 05, 2015 07:50 PM.