Posted: 2/4/2013 9:52:06 PM
The lights in Las Vegas sports books should stay on for the foreseeable future.
approximately 184 sports books throughout Nevada made enough money on
Super Bowl XLVII to at least pay their electrical bills. But they didn’t
make enough to shell out for a Beyonce halftime show.
Baltimore Ravens' 34-31 victory over the San Francisco 49ers in New
Orleans, which will be remembered for the 34-minute delay in the third
quarter after a power outage at the Superdome, wasn’t the best result
for Las Vegas. It wasn’t the worst, either.
“We’re a small
winner,” reported Jimmy Vaccaro, the spokesman for William Hill sports
books. “We ended up with some Ravens moneyline late, so that took some
of our steam out. But we did OK.”
Books made money on the Super
Bowl for the sixth straight year, making a profit on the most bet-on
game in sports each year for the 20th time in the last 22 seasons.
book directors weren’t raving about the result as Baltimore quarterback
Joe Flacco — who went over the three most popular proposition wagers
posted by sports books with 287 passing yards, 22 completions and three
touchdowns — accepted his MVP trophy underneath a swarm of falling
confetti. They were, however, rather positive about the handle.
record $94.5 million wagered on the 2006 Super Bowl, when the
Pittsburgh Steelers covered the 3-point spread in a 21-10 over the
Seattle Seahawks, is within reach.
“If everyone did what we did,
then I would expect we’d break the record,” MGM Resorts sports book
director Jay Rood said. “We fared pretty well, but it’s difficult to say
how everyone else did. There’s a strong possibility that some of the
local places could have seen more Ravens money.”
Most places in
town saw Ravens action when they opened as a 5-point underdog two weeks
ago, which plummeted the 49ers down to as low as 3.5-point favorites.
But Niners action came out in full force in the last three days, driving
the spread back up to as high as minus-4.5.
Bettors on the other
side weren’t shy about taking the Ravens +165 (risking $1 to win $1.65)
on the moneyline. Strong opinions abound on both sides, hence why Rood
said MGM took several six-figure bets starting Friday afternoon until
“I was really surprised,” he said. “We probably
had a few more of them on the 49ers, but the Ravens got some support
too. I think that’s what dictated our result.”
The prop bets were
no help to MGM or several other books. San Francisco quarterback Colin
Kaepernick, the most bet-on player in Super Bowl history, went over both
his passing and rushing yards props by 70 and 12, respectively.
hurt the worst was the Ravens intentional safety at the end of the game
and Jacoby Jones 108-yard kickoff return to start the third quarter.
Bettors pile on the “yes” for whether there will be a safety, which most
sports books offer at +800, and defensive or special teams touchdown,
available at +200, every year.
“The props were a very small
winner,” Vaccaro said. “The Kaepernick kid didn’t help. The safety and
touchdown were two of the bigger ones of the day and we lost both of
them, but we beat most of the other ones safely.”
scenario for Las Vegas was if the 49ers won but didn’t cover the spread.
Sports books would have raked in millions with that scenario.
and his counterparts around town were salivating when Kaepernick led
San Francisco to a first-and-goal series with two minutes left in the
“If the 49ers would have scored there to knock out the
Ravens moneyline but not cover the point spread,” Vaccaro said, “that
would have been the best of the best.”
Instead, Kaepernick threw
three straight incompletions after the 49ers picked up a small gain on
first down. Las Vegas settled for a slight win.
sneaking in there would have been perfect,” Rood said. “But it didn’t
happen. It went kind of like the rest of the season did for us.”