Last weekend’s NFL divisional playoff games were not kind to the fine gambling establishments in the good state of Nevada.
Fox Sports’ Rob Perez breaks down what happened:
With the home-team New England Patriots and Atlanta Falcons not only pulling out victories Saturday but covering their spreads as well — combined with the underdog, betting-friendly Green Bay Packers and Pittsburgh Steelers winning their games outright on Sunday, several sportsbooks in Las Vegas (per ESPN) reported extreme losses and high paydays for the betting public.
CBS Sports’ Larry Hartstein explains it further:
The company’s 108 Nevada sportsbooks lost “seven figures” as the underdog Packers and Steelers came through for bettors on the point spread and money line. William Hill did not get more specific on its loss. In Sunday’s NFC game, nearly 90 percent of the money-line action was on Green Bay. Those bettors reaped 2-to-1 payouts when the Pack won 34-31 in improbable fashion. The game easily cleared the Over/Under of 52.5.
And the Sporting News’ Arthur Weinstein even more:
To make matters even worse, sportsbooks lost what would have been expected to be a record betting matchup if the Cowboys and Patriots had met in the Super Bowl.
Gamingtoday.com brings it home with this quote:
“Need medics on stand-by,” joked Station Casinos sportsbook director Jason McCormick during the Steelers-Chiefs game, attempting to make the best of a rough situation as the risk calculations were piling up. “Steelers are a disaster. There is no way out. Public sides are 8-0 ATS and totals 6-2 in the playoffs and national championship game.”
— RJ Bell (@RJinVegas) January 16, 2017
Obviously, betting on the NFL in Vegas over the weekend was a good idea. But, overall, what do you think the best way to win money by betting on sports: Daily fantasy sites, traditional fantasy leagues, at a casino or through a bookie? Why?