So the Saints won the Super Bowl this week. I won my prop bet on Peyton Manning throwing a first quarter touchdown, but lost my bet on the Colts. I had a winning day since I also had the under on Celtics vs. Magic.
The legal sportsbooks in Las Vegas made more money than they did last year. Upsets will do that. The casinos usually win, but upsets can hurt. Not this time. From Pro Football Talk:
The Nevada Gaming Control Board said Tuesday that casinos in the state turned a profit of nearly $7 million on the $82.7 million bettors wagered on the Super Bowl.
Overall, bettors in Nevada placed about $1.21 million more in bets than they did on last year’s Super Bowl, and the casinos’ profits were about $179,000 more than last year.
The house usually wins in Las Vegas, although some years the Super Bowl is actually a money loser for casinos. In 2008, according to the state board, Nevada casinos lost almost $2.6 million when the Giants upset the Patriots.
I read the headline a few times, but wasn’t sure if this was good or bad for the casinos. Low and behold it was good. The NFL draft is up next for those, like me, that always hunger football.