..

Las Vegas Gets Absolutely Destroyed by Patriots Super Bowl LI Win

Written by:
Guest
Published on:
Feb/06/2017

With the 3-point favorite New England Patriots winning the first ever Super Bowl played beyond regulation in a shocking come-from-behind victory, Las Vegas sportsbooks got completely hammered, Gambling911.com is learning Monday morning.

"For Nevada's largest sports book operator, William Hill, it was a fitting end to a terrible pro football season," a William Hill spokesman told CBS News. "The Patriots, trailing 28-9, were available at 16/1 (+1600) on the LIVE InPlay Money Line, and their comeback was very profitable for the majority of bettors.

"The favorite covered. The total went over. All the popular props cashed."

65 percent of the public money was on the Patriots heading into Sunday’s Super Bowl LI.

Hill - and probably a whole swath of other Vegas bookies – were hit with another dilemma after the Pats had been trailing throughout much of the game.

From CBS News:

There were "triple digit" tickets (literally hundreds of them) on the Pats when they were 10-to-1 or higher. A $10 ticket on the pats at 10-to-1 would pay out $100.

The hundreds of proposition bets and LIVE IN-PLAY WAGERING certainly helped reduce some of the pain with the online books but local New England bookies who were on their own without the services of a Pay Per Head that provides similar options will likely be in hiding until March Madness.

Business/Financial News

China Shuts Down Gambling Sites Using Tether

China Shuts Down Gambling Sites Using Tether

China this weekend has cracked down on gambling sites tied to the tether stablecoin.

Analysis: Is PayPal's Crypto Move a Game-Changer for Bitcoin? Probably Not, Say Experts

Analysis: Is PayPal's Crypto Move a Game-Changer for Bitcoin? Probably Not, Say Experts

PayPal Holdings Inc's PYPL.O decision to open its network to bitcoin and its rivals was hailed by virtual coin enthusiasts as a watershed moment for cryptocurrencies and their path towards becoming a widespread means of payment.

PayPal Enters Crypto Market: Will Allow Buying, Selling and Shopping

PayPal Enters Crypto Market: Will Allow Buying, Selling and Shopping

PayPal Holdings Inc joined the cryptocurrency market on Wednesday, allowing customers to buy, sell and hold bitcoin and other virtual coins using the U.S. digital payments company’s online wallets.

Square Makes Big Bet on Bitcoin

Square Makes Big Bet on Bitcoin

Square, Inc. (NYSE: SQ) announced that it has purchased approximately 4,709 bitcoins at an aggregate purchase price of $50 million. Square believes that cryptocurrency is an instrument of economic empowerment and provides a way for the world to participate in a global monetary system, which aligns with the company’s purpose. The investment represents approximately one percent of Square’s total assets as of the end of the second quarter of 2020.

Fox Given a "Buy" Rating Thanks to Sports Betting Boost

Fox Given a "Buy" Rating Thanks to Sports Betting Boost

Fox Corp is an under-the-radar play on US sports betting, the headline reads for Wayne Duggan's report at Yahoo Finance!

Syndicate