Sportsbook Rankings & Awards
Sportsbook Rankings
Scommesse Sportive
 

Betting articles - Betting on winning outrights

 

Betting on winning outrights

 
Whenever I think of gambling, Las Vegas is the very first place that comes to my mind.  Vegas is synonymous with gambling, bright lights, and broken dreams.  It causes people to do things they would never dream of doing, such as losing a years salary all in one night.  It is always fun to hear the stories of how people go up against Vegas and take Vegas to the cleaners.
 
Now that 2008 is coming to a close and the NFL playoffs are about to begin, it’s hard not to think about this past Super Bowl and how the Giants beat the undefeated Patriots and ruined history. The Patriots weren’t the only losers that night. Nevada sports books lost a record $2.6 million when the Patriots lost to the New York Giants 17-14.
 
Many people flocked to Vegas that night and placed bets on the New York Giants.  Betting on winning outrights allowed gamblers to in win up to $50 for every $10 that they bet. The Giants came into the game as 12 point underdogs and Vegas is all about underdogs. People flood into Vegas to make their dreams come true and this night a lot of people left the casinos with a lot more money in their picket. The bookies in Vegas anticipated a large amount of wagers on the undefeated Patriots, but they never happened.
 
So many people bet on the Giants, actually about sixty percent of all the bets were against the Patriots. This caused red flags all around Vegas and many books had to shift their lines and dropped the Patriots from being favored by 14 points down to 12 points.
 
Not only did betting on winning outrights cause Vegas to lose a lot of money, but many gamblers bet a two-way parlay that the Giants would cover the 12 point spread and that the total score of the Super Bowl would be under 54 points. This allowed gamblers to win a payoff 2.5 times their bet.
 
It has been 13 years since Vegas lost any money on the Super Bowl and that was when the San Francisco 49ers blew out the San Diego Chargers. That year they only lost $400,000, nothing compared to the six times the amount they lost this past year. The total amount gambled in Vegas that night was $92.1 million and ended up being the third-highest amount ever bet on a single sporting event.
 
The experts in Vegas went with the Patriots and the public bet on Giants and on this particular night the public took Vegas to the cleaners. Now it doesn’t make up for the other 364 days out of the year or for the previous 13 years, but there wasn’t just one upset that night and I’ll let you decide which the bigger upset was.
 
Author: Keijo Abijuan
© Gambler Awards, 2008
 
 
Related articles:
 
Betting on football
Sports are one of America’s favorite past times.  While the rest of the nation’s businesses are floundering, sports continue to bring in fans, revenue, and ratings.  Most fans have a passion for a certain sport or their local teams and enjoy the entertainment that sports provide.  Some people make the games a little more interesting and like to bet a few dollars on games....read article
 
How to become a professional bettor
Quitting your day job and living the life of a professional bettor is every gambling man’s dream. Quitting your professional life to become a bettor is a very big plunge and there are a few very important factors you must consider. ...read article
 
All betting articles
 
 
 
 
 
Best Bookmakers
1.
Bet Fred Sportsbook Rankings
2.
Bet365 Sportsbook Rankings
3.
Bet Online Sportsbook Rankings
4.
Sportsbetting.ag  
5.
Canbet  
     
Newsletter
If you enjoy our site and want to receive betting news, special betting opportunities, best odds for major events, don't forget to subscribe to our newsletter.
Your e-mail address:
     
Sports Betting Articles
 
© 2007 Gambler Awards - All Rights Reserved.