Vegas crushed by NFL Divisional Round
If you believe in the saying, “the house always wins” you were wrong this past weekend. Vegas was crushed by the NFL Divisional Round bettors, specifically the public which jumped from favorites to underdogs at precisely the right time this weekend and squashed multiple Las Vegas sportsbooks in the process.
William Hill, which operates sportsbooks at 108 locations throughout the state, reported suffering the worst day in the company’s five-year history in Nevada. So much parlay liability had built up over the weekend, the book’s “seven-figure” fate was sealed before the underdog Pittsburgh Steelers beat the Kansas City Chiefs 18-16 Sunday night.
After Saturday’s action, favorites were 6-0 straight up and against the spread. But on Sunday, bettors backed the underdogs, taking the Green Bay Packers and Steelers plus the points and on the money line.
“Seemed like a blue-collar betting day with public parlaying, teasing and pounding money lines on Packers and Steelers,” said Bill Sattler, the director of specialty games for Caesars Entertainment. “We salvaged the under in [the] late game, but another solid week for the public.”
Of course, we know what happened. Aaron Rodgers could not be stopped by the Dallas defense and Chris Boswell kicked his Steelers into the AFC Championship game.
The Steelers game topped it off even more. MGM took twice as much money on Pittsburgh plus the points as it took on Kansas City, but the more severe damage was done by parlays.
“It’s just colossal,” Jay Rood, vice president of MGM race and sports, said of his shop’s loss.
“Awful,” said Westgate SuperBook assistant manager Ed Salmons of the weekend’s results. “Can’t be worse.”
Bettors were willing to lay the giant odds. Sportsbook operator CG Technology took a $50,000 money-line bet on the Patriots when the odds dropped to -1,500 earlier in the week. The bet netted $3,300. There were some stabs on the underdog Texans at 10-1 to win straight up, too, including a $10,000 money-line bet placed on Houston right before kickoff at CG Technology.
Nevada sportsbooks won a combined $73.64 million on football, both NFL and college, in September, October and November, down 12 percent from the same three months in 2015, according to the Nevada Gaming Control Board.
So who will you bet this Sunday? Here are the current odds, which will fluctuate as the week progresses….
Atlanta Falcons (-5) vs Green Bay Packers
New England Patriots (-5.5) vs Pittsburgh Steelers