Super Bowl Betting

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It was the second-largest loss on a single end result of his betting career, and Robindale hasn’t made a Super Bowl security bet since. An hour before kickoff, a contact at Caesars Palace referred to as. If he might get there shortly, the sportsbook was willing to offer him a guess for as much as he wished on the “No” on the safety on the unthinkable worth of -350. Sportsbooks have been caught off guard by the surge in curiosity on the security and began dropping the worth on the “No” to unprecedented ranges. Typically, books charge round -900 or extra to bet towards a security happening, that means you’d need to put up $900 to win a web $100.

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But on this Super Bowl Sunday, Robindale was being offered -450 or better to take the “No.” That’s how badly the books needed the cash on the opposite side. The previous two Super Bowls had included a security, and recency bias contaminated the betting public. Books have been inundated by cash on the “sure” on the security prop and desperate to mitigate their risk. As Robindale places it, “The public was betting the ‘sure’ on the safety like they had the field score.” Meanwhile, savvy pro bettors annually brief the Super Bowl security, typically waiting till simply before kickoff to danger lots of of hundreds of dollars for an opportunity at profitable a couple of thousand dollars. Sportsbooks align themselves with the pros on the protection prop and find yourself with tons of small bets on the “sure” at lengthy odds, and a handful of giant wagers on the “no” that pay only somewhat. The royal commission trying into Crown Perth will ship its last report next month.

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