Anyone have any bets on the NCAA tournament? Imagine if you put down $100 on Michigan State a few weeks ago; you would be looking at a $10,000 return (less fees).
From an article from ESPN.com:
A Kentucky national title would hand the William Hill sportsbook in Las Vegas its largest loss on a single prop bet in the company's three-year history in Nevada. Last summer, William Hill posted Kentucky's odds of going undefeated at 50-1. Money poured in on the Wildcats, and the book is now facing a [/B]mid-six figures liability.[/B]
The Michigan State in Saturday's Final Four, are both listed at 7-2 to win the championship at the SuperBook. The seventh-seeded Spartans are 8-1, just weeks after being listed at 100-1.[/B]
William Hill took a pair of $200 bets on Michigan State at 100-1, one Feb. 22 and another March 13. The SuperBook took 35 tickets on the Spartans at 100-1. The average bet size was $20.
Michigan State opened as a 4.5-point underdog against Duke at most books. The Blue Devils were 8.5-point favorites, when they defeated the Spartans 81-71 on Nov. 18 in the State Farm Classic in Indianapolis.[/B] Duke coach Mike Krzyzewski is 8-1 all-time against Michigan State coach Tom Izzo.
A Duke national championship is the worst-case scenario for Las Vegas sportsbook operator CG Technology. Vice president of race and sports Jason Simbal said his shop took two five-figure bets on the Blue Devils winning it all, one $50,000 at 8-1 and the other a slightly smaller amount at 7-1.[/B]
In the other semifinal, Kentucky opened as a 6.5-point favorite over Wisconsin.[/B] Limits will be much larger later in the week, but early influential money came in on the Badgers on Sunday, shrinking the point spread to Kentucky minus-5 in Las Vegas and at some prominent offshore sportsbooks known to cater to big bettors.
"One of the groups took [Wisconsin] plus-6 and 5.5," Ed Salmon, oddsmaker at the SuperBook, said.
At CG Technology, nearly seven times more money had been bet on Wisconsin than Kentucky as of Sunday evening, according to Simbal.[/B]
Wisconsin advanced to face Kentucky by beating Arizona as a small underdog. The Badgers were the only underdogs to win outright in the Elite 8, leading to a big weekend for the betting public.
Duke was the biggest thorn for MGM, especially Friday night, when a controversial ending in the Blue Devils' 63-57 win over Utah on Friday produced a seven-figure swing against the book.
The entire article:
This post was edited on 3/30 6:19 AM by OnceAhawk
https://espn.go.com/chalk/story/_/id/12584853/kentucky-wildcats-odds-favorite-win-title-complete-perfect-season
From an article from ESPN.com:
A Kentucky national title would hand the William Hill sportsbook in Las Vegas its largest loss on a single prop bet in the company's three-year history in Nevada. Last summer, William Hill posted Kentucky's odds of going undefeated at 50-1. Money poured in on the Wildcats, and the book is now facing a [/B]mid-six figures liability.[/B]
The Michigan State in Saturday's Final Four, are both listed at 7-2 to win the championship at the SuperBook. The seventh-seeded Spartans are 8-1, just weeks after being listed at 100-1.[/B]
William Hill took a pair of $200 bets on Michigan State at 100-1, one Feb. 22 and another March 13. The SuperBook took 35 tickets on the Spartans at 100-1. The average bet size was $20.
Michigan State opened as a 4.5-point underdog against Duke at most books. The Blue Devils were 8.5-point favorites, when they defeated the Spartans 81-71 on Nov. 18 in the State Farm Classic in Indianapolis.[/B] Duke coach Mike Krzyzewski is 8-1 all-time against Michigan State coach Tom Izzo.
A Duke national championship is the worst-case scenario for Las Vegas sportsbook operator CG Technology. Vice president of race and sports Jason Simbal said his shop took two five-figure bets on the Blue Devils winning it all, one $50,000 at 8-1 and the other a slightly smaller amount at 7-1.[/B]
In the other semifinal, Kentucky opened as a 6.5-point favorite over Wisconsin.[/B] Limits will be much larger later in the week, but early influential money came in on the Badgers on Sunday, shrinking the point spread to Kentucky minus-5 in Las Vegas and at some prominent offshore sportsbooks known to cater to big bettors.
"One of the groups took [Wisconsin] plus-6 and 5.5," Ed Salmon, oddsmaker at the SuperBook, said.
At CG Technology, nearly seven times more money had been bet on Wisconsin than Kentucky as of Sunday evening, according to Simbal.[/B]
Wisconsin advanced to face Kentucky by beating Arizona as a small underdog. The Badgers were the only underdogs to win outright in the Elite 8, leading to a big weekend for the betting public.
Duke was the biggest thorn for MGM, especially Friday night, when a controversial ending in the Blue Devils' 63-57 win over Utah on Friday produced a seven-figure swing against the book.
The entire article:
This post was edited on 3/30 6:19 AM by OnceAhawk
https://espn.go.com/chalk/story/_/id/12584853/kentucky-wildcats-odds-favorite-win-title-complete-perfect-season
