Las Vegas Bookies Expect Small Super Bowl Profits
Now that the Super Bowl is over people in Las Vegas are wondering how much was bet and won on the game. At the moment bookies are predicting a small profit despite that they will have lost big on proposition bets.
The Book director at LVH, Jay Kornegay, said that he thinks a record number of bets were placed this year, partly because there were visitors to Vegas from California who wanted to place bets on a local team.
Initially the San Francisco 49ers were 5-point favourites, however, gamblers bet the line down to 3 points. The over/under was 49 and the 65 points scored easily exceeded it.
According to Kornegay late money poured in for the “over” bet and for the 49ers who have built a reputation as a strong second-half team.
The director of race and sports at Wynn Las Vegas, Johnny Avello, said that the big plays were bad news for the bookies as they were offering a huge list of proposition bets
Avello said that the safety at the end of the game “was awful”. Casinos were paying out at 9-to-1 for the safety and fans who bet that the 49ers final score would be on a safety were paid at 50-to-1.