Ayecarumba
Ayecarumba
Joined: Nov 17, 2009
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February 4th, 2020 at 12:10:12 PM permalink
Quote: DRich

Nevada sports books won 12.1% on the Super Bowl. I believe that is the second highest amount ever held. It is amazing how much money people throw away on parlays and prop bets with high holds. If everyone was just betting the sides and totals the holds would be close to 2.6%.



I'm curious how much of the action represented local regional support for a San Francisco cover, or moneyline win. Do they report Reno sportsbook holds separately?
Simplicity is the ultimate sophistication - Leonardo da Vinci
DRich
DRich
Joined: Jul 6, 2012
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Ayecarumba
February 4th, 2020 at 12:21:38 PM permalink
Quote: Ayecarumba

I'm curious how much of the action represented local regional support for a San Francisco cover, or moneyline win. Do they report Reno sportsbook holds separately?



Not that I am aware of. I think they only publish the consolidated state of Nevada numbers.
Living longer does not always infer +EV
charliepatrick
charliepatrick
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Ayecarumba
February 4th, 2020 at 1:04:16 PM permalink
Interesting read - there was a bad beat was those who bet on the rushing yards by the QB who had made it over only to lose 15 yards during the last three plays when kneeling. https://www.reviewjournal.com/sports/sports-columns/todd-dewey/las-vegas-sportsbooks-ride-under-super-bowl-total-to-banner-day-1949729/

https://www.casino.org/news/nevada-sportsbooks-won-super-bowl-with-near-record-handle-hold/ gives the numbers quoted earlier but also says New Jersey books lost and mentions the bad beat.
Quote:

Nevada’s Super Bowl success stands in stark contrast to New Jersey’s futility. The Garden State’s handle for the NFL’s biggest game was $54.28 million, and sportsbooks there lost $4.28 million, marking the second straight year they bled cash on the Super Bowl.

...

Prior to the game, the over/under on rushing yards for Kansas City Chiefs quarterback and eventual Super Bowl MVP Patrick Mahomes was as high as 36.5 yards before settling at 32.5 to 33.5. In dollar terms, that was the most bet prop across the country.

Late in the game, Mahomes had 44 yards rushing. But with the Chiefs in possession of the ball and the 49ers out of timeouts, the quarterback kneeled down to run out the clock on three consecutive snaps, trimming a combined 15 yards off his rushing total while creating an infamous “bad beat” for gamblers and a win for the books.

DRich
DRich
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Ayecarumba
February 5th, 2020 at 4:55:32 PM permalink
I just heard an interview with a director at Westgate sports book and he said that 60%-65% of the handle was on the prop bets.
Living longer does not always infer +EV

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