Sports Betting On Super Bowl
- Super Bowl Online Betting
- Nj Sports Betting Super Bowl Odds
- Sports Betting Line On Super Bowl
- Sports Betting On Super Bowl Wins
- Sports Betting On Super Bowl Predictions
- What Can You Bet On Super Bowl
FOX Bet is dealing Kansas City -160 and Tampa Bay +130 in Super Bowl LV. The -160 means you must risk $160 to win $100. Conversely, +130 means you risk $100 to win $130. Oddsmaker: A person who. Super Bowl 55 Betting Promo FanDuel The Chiefs boast a 3-point edge over the Buccaneers. According to Betfirm, over $150M is bet on the Super Bowl (LEGALLY, it’s estimated that over $5B in total are bet on the game every year). It’s undoubtedly America’s most widely wagered sporting event.
Happy Tuesday, everyone. Sports betting news was largely Super Bowl-focused last week, with legislative issues sprinkled into the back half of the week.
The LSR Podcast focused on a bit of both in the most recent episode, including a breakdown of the most legally bet Super Bowl yet.
Make sure to follow @LSPReport on Twitter for the latest legislative stories as multiple states continue toward legal sports betting.
Top sports betting news: Super Bowl highs and lows
There were plenty of new highs set by the more than $440 million reported so far by legal US sports betting jurisdictions bet on the game. But a popular betting market, human error and general tech issues took multiple operators down Super Bowl Sunday.
Super Bowl Online Betting
Barstool Sportsbook, BetRivers and DraftKings Sportsbook had trouble validating bets for about an hour and a half before kickoff. All three use sportsbook platform Kambi, which was overloaded by one specific market.
BetMGM had issues of its own in Nevada where “human error” led to a system outage during the game.
PointsBet, NHL partner up
Before legal US sports betting, the NHL strongly opposed anything to do with gaming. Now it owns an equity stake in two separate US sportsbook companies.
Nj Sports Betting Super Bowl Odds
The latest stake is in PointsBet. The Australian-listed operator announced the multiyear betting and marketing partnership, which included 43,106 PBH shares. The agreement will strongly benefit PointsBet’s recent deal with NBCUniversal as well.
The NHL and other professional teams have stakes in DraftKings as well.
Sports betting legislation roundup: AZ, CT, GA, HI, TX
A few states took positive steps toward legal betting while others’ outlooks seem a bit grimmer:
- An Arizona sports betting proposal got House committee approval but a Senate committee chose not to take action, which could suggest some opposition.
- Connecticut sports betting was included in Gov. Ned Lamont‘s budget. Lamont also filed a bill that would expand tribal compacts with the Mashantucket Pequot and Mohegan tribes to include sports betting and iGaming.
- A Georgia Senate bill offers a few significant differences from a House bill, including a lower tax rate and betting on college sports outside of Georgia. HB 86 would only allow betting on professional sports.
- Sports betting in Hawaiihit the backburner along with other gambling bills during a House committee meeting.
- Texas sports bettingwon’t happen this year, according to Lt. Gov. Dan Patrick. That does not mean the effort is done, though, as legislators likely will pursue it.
WynnBET racing toward NFL season
Wynn Resorts took its time before jumping into the US sports betting scene. Now, its new interactive segment is in a sprint to get its WynnBET brand launched in more states before the NFL season begins.
The brand has access to multiple states including Indiana, Iowa, Massachusetts, Nevada and Ohio.
WynnBET recently received approval to launch in Tennessee and could get a Virginia sports betting license as well.
Tennessee legislation would prevent lending-betting crossover
A bipartisan proposal in both Tennessee chambers would prevent lending companies from accepting bets from their lending customers.
The bill was spurred by a Tennessee Education Lottery approval that allows Advance Financial 24/7′s lending shops to take cash deposits for sister company Action 24/7.
Rep. Darren Jernigan also said he has a witness ready to testify that their TN sports betting winnings with Action 24/7 are being kept to pay outstanding Advance Financial loans. Advance Financial denied those claims and suggested a misunderstanding.
Indiana sports betting market still hitting highs
Sports betting in Indiana continues to thrive despite an unexpected and flourishing mobile Illinois sports betting market.
Indiana’s sportsbooks took nearly $350 million in handle with $29.3 million in revenue last month, both of which are new records.
The news is a bit surprising, as it was unclear how much of Indiana’s sports betting success was driven by bettors traveling from Chicago. Illinois reports about two months behind the rest of the market, so we’re still waiting for December and January reports.
Not this year. Not even close.
Tuesday’s release of the betting numbers by the Nevada Gaming Control Board showed the state’s handle on the game was just over $136 million. That’s well short of the record of $158.58 million set in 2018. In fact, the handle this year was the lowest in five years for Nevada.
The Good News?
The state’s sportsbooks won $12.5 million, a percentage of 9.2%.
It was the same scene at every Nevada sportsbook on Super Bowl Sunday with limited seating and smaller parties. But with the help of mobile phone apps, there weren’t a lot of books unhappy with their overall handle in the Tampa Bay Buccaneers’ 31-9 win over the favored Kansas City Chiefs (-3).
Most books had similar stories on how they won and lost on the day with the biggest win coming from the game staying under (56) and the biggest loss being on Super Bowl futures and the Bucs money line (+140).
“It was a very solid day for us,” said Westgate Las Vegas SuperBook VP Jay Kornegay. “We did well in three-fourths of the main categories. We did well on the point spread, total and props. The Bucs money line was the only negative, but we’re not complaining. We’ll take that every year.
“It was a satisfying day. Handle was almost exactly the number we posted last year despite the future pool being well below last year (due to the pandemic). We actually wrote more on this year’s game than we did last year.”
The handle for the game was larger than last season at the SuperBook despite no huge rush from visitors on Friday and Saturday. The phone accounts may have been the big winner here.
“We ended up with a good win,” said Station Casinos sportsbook director Jason McCormick. “Zip on the future book, but the under, parlay cards, and props all shook out O.K.”
William Hill’s 100-plus sportsbooks in Nevada were elated with their phone handle with head bookmaker Nick Bogdanovich telling me last week that 70% of their handle on the game was through the phones.
“We lost on futures, lost on the money line, but won the total, side, and won a little on the props,” Bogdanovich said. “It was a solid day with a monster handle.”
I got the feeling between Kornegay and Bogdanovich that a Nevada state Super Bowl record of $158 million in handle could be challenged. Nevada’s BetMGM sportsbook director Jeff Stoneback wasn’t so confident but was happy with the result.
Sports Betting Line On Super Bowl
“It was a decent day for us, the under (56) was best for us,” Stoneback said. “The props turned out O.K. as well, but we lost seven-figures in Super Bowl futures.”
Big Game, Big Bets
Sports Betting On Super Bowl Wins
Quite a few people had large bets all over Las Vegas taking 50-1 and 60-1 odds before Tom Brady was announced as his destination on March 19 where most books dropped down to 14-1 odds after Brady signed with Tampa.
Stoneback had unforeseen issues occur on Sunday that went beyond the game. The technology of the phones helped books create more volume but it also shut a major chain of books down at the worst moment.
“We were down from about 10 minutes to kickoff until 9:30 p.m. (PT) and while most of the people affected were understanding about the situation there were a few that were very vocal about being unhappy and not getting paid right after the game,” Stoneback said.
Sports Betting On Super Bowl Predictions
It’s the most helpless feeling as the boss of a book when the system shuts down and not knowing how to fix it. Magnify the feeling times 100 on Super Bowl day. The volume through the phones and counter stressed out the system BetMGM uses.
The good news for Stoneback and the MGM books on the strip was that they didn’t have their usual Super Bowl crowd.
“The Mirage had only 47% occupancy on Saturday night,” he said. “We have more people coming for Valentine’s Day weekend next week.”
The results of not having as much over-the-counter cash coming in on Saturday and Sunday is what made Stoneback a bit skeptical of setting a Nevada Super Bowl handle record. However, they had bigger bets this season than 2020 such as $2.3 million bet on the Bucs +3.5 (-115), $500,000 bet on the Chiefs money line, and on game day had another $2.5 million on the Chiefs money line as well as $1 million teaser on the Bucs to over (+9, 50) which lost.
What Can You Bet On Super Bowl
That’s over $6 million on handle alone on four different bets. That’s some huge action. But they also didn’t give their players the option to bet in-game or halftime, which is another huge chunk expected.
The South Point’s Chris Andrews said they did “really good” and also had a surprise for their guests with newly retired NASCAR driver Brendan Gaughan writing tickets at window No. 12. No word on the void count, but it’s something he and his father South Point owner Micheal Gaughan have been doing for years to chip in.
Circa Sports director Matt Metcalf said they “had a good day and lost a couple of big parlays to Tampa, but it ended up being the best result for them outside of KC winning by 1 or 2.”
Up north at the Atlantis Reno sportsbook, director Marc Nelson said he would have preferred another result, but they still ended up winning over 8% on the day. He needed Chiefs and under the most. Nelson stayed at -3.5 (EVEN), the longest in the state.
All the books stayed unified in not moving below -3 down to -2.5 and all needed the under 56, which the sharps bet down early from 57. Parlay risk with the over connected with either team was gigantic.