weather icon Possible Drizzle

William Hill faces $464K overlay in College Pick’em contest

After William Hill paid $548,000 last year to cover an overlay in its College Pick’em football contest, the book lowered the guaranteed cash prizes from $1 million to $500,000 for this year’s contest.

A month before the $1,000-entry contest kicks off, the book is still on the hook for $464,000, as there were only 36 entries as of Monday, according to William Hill vice president of marketing Michael Grodsky. The book needs 500 entries to meet the guarantee.

Contestants select eight college football games against the spread for 10 weeks. Each player can have up to five entries.

The contest runs from Sept. 10 to Nov. 12. The top 10 places are paid, with first place winning 50 percent of the prize pool.

Contact reporter Todd Dewey at tdewey@reviewjournal.com. Follow @tdewey33 on Twitter.

Don't miss the big stories. Like us on Facebook.
NFL betting breakdown: Week 4

Vegasinsider.com handicapper Mark Franco analyzes every NFL Week 4 Sunday and Monday game, with trends and final scores. Look away, Raiders fans.

NFL betting trends — Week 4: Take under in Broncos-Raiders

The Raiders have won the last four meetings with the Broncos and five of the last six while going 5-1 against the spread. The Broncos have gone under in 15 of their last 20 games.