Updated February 3, 2018 – 6:19 pm
In what is believed to be the most important guess ever positioned on a sporting event in Las Vegas, an MGM Resorts bettor misplaced a $7.6 million cash-line wager at the Rams in their 20-17 loss to the Patriots in Super Bowl XXXVI.
With St. Louis a 14-factor preferred and laying approximately 10-1 on the money line, MGM Resorts sports activities ebook could have been answerable for about $750,000 had the Rams received the 2002 game.
MGM faces a much larger liability on a $3 million bet it took on the underdog Eagles over the Patriots in Super Bowl LII. MGM Resorts sports activities book director Jay Rood on Saturday showed the $3 million bet, which he initially defined as a “multimillion-dollar” wager while it turned into placed Jan. 24.
“The hazard we’ve taken at the Eagles here become bigger,” Rood stated.
Most Las Vegas sports activities books are in the uncommon position of wanting New England to cover the unfold in Sunday’s recreation. Despite heavy action on Philadelphia — including 4 $1 million-plus bets — the Patriots remained 4½-factor favorites Saturday afternoon at every Las Vegas book.
William Hill sports activities ebook took $1 million cash-line wagers at the Eagles and a complete of $1.6 million on Philadelphia plus 4½ factors. But sports activities e book director Nick Bogdanovich, who changed into ready on another $1 million bet, said the organization changed into comfortable with the number staying at 4½.
“It’s a large, massive choice, however there’s so much money within the pot, we should lose the sport and nevertheless get out distinctly unscathed,” he said, referencing the extra cash wagered on props and futures bets.
Bogdanovich said he didn’t assume the road to transport a great deal before Sunday’s kickoff.
“You would possibly see a four, you might see a 5,” he said. “But there isn’t going to be a good deal of a flow.”
While MGM Resorts desires the Patriots to win but now not cowl and for the entire to move under 48½, William Hill and Wynn Las Vegas want New England to cowl.
“We’re still heavy on Philadelphia, and I don’t see numerous Patriots money coming returned,” Wynn Las Vegas sports activities book director Johnny Avello stated. “We wish to get some Patriots money.”
The Wynn Las Vegas sports activities ebook is staying open 24 hours earlier than the game.
“This is probably the worst Patriots crew of the remaining 5 or six years,” Avello stated. “Brady is older, and the protection is average. That’s why human beings are taking a shot at the Eagles.”
Avello took a $500,000 money-line bet on the Eagles from the identical bettor who beat Las Vegas out of thousands and thousands of dollars at the World Series.
The unidentified bettor additionally reportedly located the $three million wager at MGM, the two $1 million cash-line bets at William Hill and a complete of $seven hundred,000 every on Philadelphia on the cash line at CG Technology and South Point sports activities books.
Avello has taken plenty of motion from different bettors, too. He estimates he’s taken 10 to 20 six-figure wagers on the sport.
“We’ve had a variety of right-sized bets for $three hundred,000, $200,000,” he said. “About 15 or 20 years in the past, $100,000 bets at the Super Bowl have been correct-sized bets. But they’re becoming pretty not unusual now.”
Not each book wishes the Patriots. The best-case state of affairs at the Westgate sports e book is for the Eagles to win outright and for the game to move beneath.
“It’s the complete opposite of a ordinary Super Bowl. We have manner more Patriots money-line (movement) than the Eagles. That hardly ever occurs,” Westgate sports activities e-book manager Ed Salmons said. “People have found out through the years that the Patriots will win, so take them on the cash line.”
That could be satisfactory with MGM, just so long as New England doesn’t score precisely 27 factors.
“That’s a pretty huge selection,” Rood stated. “We had a man guess that prop at 10-1. He wager a quite top 5-figure wager on it.”