..

Vegas Sportsbooks Were Hoping For Colts-Falcons Super Bowl

Written by:
C Costigan
Published on:
Jan/08/2011
Colts-Falcons Super Bowl

"I’m rooting for the Colts," Director of the MGM Resorts race and sports book, Jay Rood, told the Los Angeles Times. "The Colts were virtually ignored by the public in future-book betting, and if it’s Colts-Falcons in the Super Bowl, I may be seen ... on game day with my feet up, sipping a cocktail."

Sports bettors, for the most part, ignored the Colts future prices and odds to win the 2011 Super Bowl this year.

At press time Saturday evening, the Colts were up on the New York Jets by 7 points early on in the first half.  That could all change.  Bookies hope it doesn’t.

Unlike the Colts, New York has gotten plenty of backing to win the 2011 Super Bowl.  Millions of dollars have been wagered on a Jets Super Bowl victory, according to the books. 

Opening with 20-1 odds to win the big game, the Jets attracted as much attention early on in Vegas as the Minnesota Vikings and Dallas Cowboys.  Neither of those early favorites came remotely close to making the Playoffs.  Vegas books were also relieved to see the San Diego Chargers, another heavily backed team to win the Super Bowl, fizzle down the stretch. 

Atlanta would be another welcome team to win the Super Bowl as the Falcons received little fanfare coming into the regular season. 

"We didn’t get a lot of attention on them when the number was high, and then when (Atlanta) started winning, we immediately reduced their number," said Jay Kornegay, sports book director for the Las Vegas Hilton.

Rood told the Times that his sportsbook has seen a 10 percent increase in profits this season over last year with a 20 percent increase in traffic. 

- Christopher Costigan, Gambling911.com Publisher

 

Gambling News

Sports Betting Set For Explosive Growth in 2021:  CEOs Share Outlook

Sports Betting Set For Explosive Growth in 2021: CEOs Share Outlook

Wall Street Reporter, the trusted name in financial news since 1843, has published reports on the latest comments and insights from leaders at: MGM Resorts International (NYSE: MGM), FansUnite (OTC: FUNFF) (CSE: FANS), fuboTV (NYSE: FUBO), and DraftKings (NASDAQ: DKNG).

Can Weed Help Build Atlantic City?

Can Weed Help Build Atlantic City?

Rebuilding the iconic Atlantic City Boardwalk to enable it to survive future severe storms; improving the look of the city’s main downtown business districts; helping people in underserved communities, and embracing the “blue economy” of the ocean are among recommendations from a state-appointed panel studying ways to improve the seaside gambling resort.

Poker Player, Sports Bettor Jailed for 14 months in $1million Tax Evasion Case

Poker Player, Sports Bettor Jailed for 14 months in $1million Tax Evasion Case

A Connecticut sports bettor and part-time poker pro has been sentenced to 14 months in prison for evading taxes on more than $1million of poker gambling winnings.  He must also pay back more than $800,000.

Gambling Crime Beat: Human Trafficking Ring Uncovered During Gambling Raid

Gambling Crime Beat: Human Trafficking Ring Uncovered During Gambling Raid

Plus a Maltese gambling company has been found to be involved in a €600m Mafia tax evasion scam.

Sports Betting Beat: NJ Looking to Allow Bets on In-State College Teams

Sports Betting Beat: NJ Looking to Allow Bets on In-State College Teams

Voters will likely be the one's who decide on whether those in New Jersey can bet on in-state schools.

Syndicate