Betting the Super Bowl? Vegas taking millions on the Eagles
Plan on betting the Super Bowl this year?
The early betting action on Super Bowl LII had been evenly divided between the New England Patriots and Philadelphia Eagles at MGM’s sportsbooks in Las Vegas.
It’s not anymore.
On Wednesday, a bettor placed a “multimillion-dollar” bet on the underdog Eagles, according to MGM vice president of race and sports Jay Rood.
Rood would not say the exact amount of the bet, or if it was a money line wager, or a straight bet against the spread.
All Rood would say….”Obviously, we’re pretty heavy Eagles now.”
Rood said he had dealt with the customer before, but refused to provide any further details.
The Super Bowl line at MGM dropped from New England -5.5 to -4.5 on Wednesday afternoon. The money line on the Eagles also moved Wednesday at MGM, dropping +180 to +170.
The Patriots are 5-point favorites at the majority of Nevada sportsbooks.
As of Wednesday night, MGM had taken twice as many point-spread bets on the Eagles as it had the Patriots, and eight times more money-line bets on Philadelphia than New England.
In addition to the multimillion-dollar bet, Rood said he had taken a couple of six-figure wagers and several five-figure bets ranging from $10,000 up to $80,000. He said the majority of the larger bets had been on New England, but some were placed on the Eagles as well.
“I’ve had inquiries for some big bets,” Rood said. “Last year, on Saturday and Sunday, we took probably a record number of six-figure wagers. I’m thinking the same kind of thing is going to happen this year.”
How we’re betting at MFST…
If you follow the site at all, or the My Fantasy Podcast, you know I tend to dabble in some sports wagering. The line of five points is scary for me–the Patriots always play in tight Super Bowls and have never ‘blown a team out’. I expect this Super Bowl to be much of the same, one reason why I will be making a money-line bet on the Patriots. I am waiting for line to drop–currently it sits at -220 at my sportsbook (every $2.20 you bet, you win $1). Not the best odds, but I expect it to be closer to -170 as we get into Super Bowl week.
Are you making any Super Bowl bets? If so, let us know in the comments below…