Las Vegas sportsbooks have lost on the last six NFL drafts, or every year since the Nevada Gaming Control Board approved wagering on the event in 2017.
Football
There were several lessons to be learned by bettors on an NFL Sunday won by the sportsbooks. One is that when a line doesn’t look right, it’s probably right on the money.
The first NFL draft in the Entertainment Capital of the World doesn’t have a headliner. But there will be drama on the betting board, starting with the No. 1 pick.
Sixteen Circa Survivor contestants who selected the Rams saw their season-long quest for the $1.39 million prize come to a stunning end after the Jets’ 23-20 win.
The Chiefs didn’t cover as 8½-point favorites over the Chargers but they cashed countless teasers and money-line parlays on a day that saw favorites start 12-1 straight up.
Lamar Jackson was a 200-1 long shot to win MVP last season, and a professional sports bettor turned $500 into $63,000 at Circa (at 125-1) when Jackson won the award.
Station Casinos sportsbook lists the total number of QBs drafted in the first round at 3½. The over opened as a +140 underdog, but has been bet up to a -150 favorite.
William Hill won more than $1 million on Washington, which was reportedly only the second team in 25 years to cover the spread without scoring in a 9-0 loss to the 49ers.
The Bills went 6-10 last season — after going 9-7 and making the playoffs in 2017 — and finished second in the league in total defense and first in passing defense.
The drive sent New England to the Super Bowl for the third straight year and fourth time in five years and gave William Hill sports book director Nick Bogdanovich a case of Pats’ fatigue.
Pain shared is pain lessened. Maybe that’s why most sports bettors will readily share their bad beat stories. We’ve put together a list of 10 of the worst bad beats of the year with less than two weeks remaining.
FanDuel spun a potential public relations nightmare into positive publicity Thursday when it agreed to pay a New Jersey bettor his full $82,000 payout on a disputed $110 live wager at 750-1 odds.
More tickets have been wagered on Las Vegas’ future NFL franchise to win Super Bowl LII than on any other team at the South Point sports book, which has the Raiders at 15-1 odds to win their fourth Lombardi Trophy next season.
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