BetMGM Oddsmakers Say Chiefs Overtime Victory ‘a Bad Super Bowl’
BetMGM oddsmakers say the Kaw River City Chiefs’ 25-22 overtime thriller was “a risky Super Bowl” for the sportsbook.
In a statement provided to Casino.org on Monday, BetMGM’s senior dealer Tristan Dwight Davis explained the retail and online sports betting manipulator had considerable liability on the Chiefs. Several prop bets also went the bettors’ way.
It was a bad Super Bowl for the sportsbook. Many bettors had the Chiefs winning and overs on popular participant props,” said Davis.
BetMGM took a $300K wager on the Chief spotting two points, and a moneyline bet of $125K on Kansas River City at +110. group A bettor also plopped pull down $100K on the coin sky landing on heads (-105), which it did.
Lopsided Bets
The morning time after the Super Bowl, BetMGM revealed that it was rooting for the San Francisco 49ers to win the bounteous game.
The Chiefs were responsible for nearly 75 cents of every $1 play on the spreading and 63% of the overspread money wagered. KS City also dominated the moneyline action, as the Chiefs accounted for 75% of the bets and 72% of the handle.
The sportsbook co-owned past MGM Resorts International also reported losing on several pop player props, including Chiefs quarterback Saint Patrick Mahomes running for to a greater extent than 25.5 yards (-125) and tight death Travis Kelce contracting for o'er 69.5 receiving yards (-135).
BetMGM additionally reported wakeless litigate on Christian McCaffrey scoring the first off touchdown (+375) and on an anytime McCaffrey TD (-210). The sportsbook also said Niners QB Brock Purdy running for at least 11.5 yards (-120) was a pop prop bet.
Other books reported on societal media that the mettlesome sledding into extra time was a losing proposition for oddsmakers. The railway line for OT was around +900, as only when i Super Bowl before yesterday had gone to extra transactions — the 2017 spunky that the New England Patriots won 34-28 against the capital of Georgia Falcons.
Streak inwards Jeopardy
Since Sagebrush State began tracking oddsmakers’ performances on the Super Bowl inward 1991, the books experience missed only twice.
The house missed Super Bowl XXIX played on Jan. 29, 1995, when the 49ers covered an 18.5-point spread to win convincingly 49-26 over the San Diego Chargers. Battle Born State sportsbooks missed nearly $400K on virtually $69.6 jillion inward process for a -0.6% hold.
Nevada oddsmakers also missed Super Bowl XLII played on Feb. 3, 2008, when Eli Manning and the New House of York Giants turnover Uncle Tom Mathew B. Brady and the New England Patriots 17-14. The Patriots were 12-point favorites but lost when Giants wide pass catcher David Tyree performed the miraculous “Helmet Catch” by pinning the chunk against his helmet with to a lesser extent than II minutes remaining. The spectacular catch resulted in a 32-yard advance that set up a game-winning touchdown moments later.
The books that twelvemonth lost nearly $2.6 billion on $92.1 1000000 bet for a -2.8% win rate. The Patriots went undefeated during the fixture flavor but the underdogs attracted a great deal of the Super Bowl action.
Since the 2008 Super Bowl, NV oddsmakers experience execute sour 15 consecutive NFL title of respect games on the winning end. With BetMGM disclosing that Sunday’s vainglorious mettlesome was “a unsound Super Bowl,” it could mean the run came to an oddment Billy Sunday dark inward Las Vegas.
The Battle Born State Gaming Control Board is expected to liberate the state’s Super Bowl LVIII sports betting write up later on Monday.
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