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StumbleSports books record $6.8 million profit on Super Bowl wagers
Tuesday, Feb. 9, 2010 | 3:25 p.m.
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Nevada sports books recorded a profit on Super Bowl wagers in 2010 for the ninth time in 10 years, according to Nevada Gaming Control Board figures released today.
The state’s 182 sports books took in $82,726,367 worth of wagers, which resulted in a winning percentage of 8.3 percent or $6,857,101. The figures are unaudited.
The money wagered was up $1.2 million from 2009, while the profit increased by $179,000.
In 2006, $94,534,372 was wagered when the Pittsburgh Steelers beat the Seattle Seahawks — the most money bet on the game in the last 10 years. Sports books lost $2.5 million in 2008 when the New York Giants upset the New England Patriots, one of the rare times a loss was recorded on the game for books.
The New Orleans Saints defeated the Indianapolis Colts, 31-17, Sunday in Miami.
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So when the Saints as the underdog won, there is a much higher probability that more people bet on the favorite....and lost. Therefore, the 8.3% advantage , resulting in a theoretical winner of 6.857 Million Dollars for the sportsbooks is only theory. It's much more likely that this year the bookies made huge profits as more people bet on the favorite.
I wish that i knew the breakage in the last 10 superbowls. Maybe, next year!!
Yeah right, the champion Indianapolis Colts lost to the N'awlins Saints .. NO WAY !! The reason Peyton Manning didn't bother to stick around to shake hands at game's end was really because he was ashamed that he had to throw the game. The fix was in NO QUESTION!!
so, with their winnings of $6.8M, the sports books can now buy almost three 30-second commercials in next year's Super Bowl, assuming the ad cost doesn't go up from this year's $2.6M.
I think the fix was in also. Although my only bet was at halftime taking the Saints +1/2, it just seemed like something was very wrong in the second half.
I wonder how many players/coaches knew of the fix.
Look at the 2 PT. call!!