Not only did the LA RAMS beat the BROWNS they beat up the books in Vegas
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Not only did the LA RAMS beat the BROWNS they beat up the books in Vegas.....
Believe me this doesn't happen too often. Much more in link. http://www.vegasinsider.com/nfl/story.cfm/story/1982760
Books take a loss in Week 3
September 23, 2019
By Micah Roberts
VegasInsider.com The Rams 20-13 Sunday night win at Cleveland had a massive effect on how Nevada sportsbooks fared in Week 3 action and let’s just say Joe Public did extremely well to the game which was tied into several of their winning sides from earlier in the day.
The books sweated out each of the first 13 games in the day only to have this one powder keg of risk in a game determine their entire day. The Rams opened -3 EVEN and moved up to -4.5 by kickoff in part because of bets but also because of large parlay risk ready to cash with the Rams covering.
“We’re getting beat up,” said MGM Resorts sportsbook director Jeff Stoneback prior to kickoff of the late game. “And we can’t get out of it even if the Browns win. There’s no way out, we’re destined to lose and if the Rams win it’ll be a semi-ugly day. Not a Black Sunday type of loss, but still semi-ugly.”
MGM books were not alone. Westgate Las Vegas Superbook VP Jay Kornegay said they had a few 10-team parlays cashing (550-to-1 ties win parlay cards) and that they went 1-2 in their biggest decisions before pending Browns decision, who they needed huge.
“Our day is up to the Browns,” said William Hill’s head bookmaker Nick Bogdanovich.
The books that had good results in the first 13 games also needed the Browns to stay in the black for the day.
Caesars Palace sportsbook director Jeff Davis said they were having a “Monster day with the first 13 games, but it’s mostly gone if the Rams get there.”
Station Casinos sportsbook director Jason McCormick said before kickoff “We’re OK right now, but Rams and over (48) make it a nothing day.”
The combination of sharps doing well, the public hitting a few parlays with the Rams sealing the deal was huge, and then there were also the teasers showing how damaging they can be for the house.
“Seven of the eight home favorites in the early games won on the teasers and our teaser loss on the day accounts for half of our overall loss on the day,” Stoneback said. -
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I didn't understand half of it.
That's from Vegasinsiders.com one of my old favorite sports sites http://www.vegasinsider.com/
A lot of it is the more "professional" bettors playing parlays (multiple teams), teasers (adding or subtracting points from the line at reduced payouts) buying points, etc.
Most of us John Q. Public guys just straight bets or maybe simple parlays.
They have a betting tools link on the far right of their home page defining betting terms if you're interested. Some sites also have tutorials.
One thing the Vegas Golden Rule they just don't lose money guess who pays to keep all of the lights on.
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I didn't understand half of it.
Yes, if you get lucky on a parlay, you can win big money on a small bet. Depending on how many teams you bet on (and win) the odds go up. You have to hit them all perfectly though. That article mentioned 550:1 on a parlay. If you had bet $10,000 (a not unusual amount in Vegas) on that parlay, you would have come home with over $5 million dollars. A big ouch for the house to pay up on.
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I didn't understand half of it.
Yes, if you get lucky on a parlay, you can win big money on a small bet. Depending on how many teams you bet on (and win) the odds go up. You have to hit them all perfectly though. That article mentioned 550:1 on a parlay. If you had bet $10,000 (a not unusual amount in Vegas) on that parlay, you would have come home with over $5 million dollars. A big ouch for the house to pay up on.
Yes, if you get lucky on a parlay, you can win big money on a small bet. Depending on how many teams you bet on (and win) the odds go up. You have to hit them all perfectly though. That article mentioned 550:1 on a parlay. If you had bet $10,000 (a not unusual amount in Vegas) on that parlay, you would have come home with over $5 million dollars. A big ouch for the house to pay up on.
Watch the movie 'Silver Linings Playbook' Nero.
First, Jennifer Lawrence is hot. Secondly, it explains a "parlay" very well. ?
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I parley vous parley...
... but WTF is a "teaser"?
"When you have a shared vision it is a lot easier to make unpopular decisions." - Paul DePodesta "When you win, say nothing. When you lose, say less." - Paul Brown Complete 2017 Browns Board Mock: http://thebrownsboard.com/forums/index.php?showtopic=46196 -
Do we care if casinos lose money?
Do we care if casinos lose money?
Are you playing board content manager again?
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Do we care if casinos lose money?
Are you playing board content manager again?
Are you playing board content manager again?
No, I am just saying that if the subject of this thread is that the casinos lost money on bets on the NFL over the weekend, I am not going to throw a pity party for them. The system is generally rigged in their favor, so, if they take a bath every once in a while....all the more good for the wagering public. Like I said/asked: who here cares if the casinos lose some money?
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Are you playing board content manager again?
No, I am just saying that if the subject of this thread is that the casinos lost money on bets on the NFL over the weekend, I am not going to throw a pity party for them. The system is generally rigged in their favor, so, if they take a bath every once in a while....all the more good for the wagering public. Like I said/asked: who here cares if the casinos lose some money?
No, I am just saying that if the subject of this thread is that the casinos lost money on bets on the NFL over the weekend, I am not going to throw a pity party for them. The system is generally rigged in their favor, so, if they take a bath every once in a while....all the more good for the wagering public. Like I said/asked: who here cares if the casinos lose some money?
Of course no one cares if they lose money, they're not in business to lose money. So they took a bath this weekend. I have to think with a lot of states legalizing gambling, the people willing to travel to Vegas to gamble has to have gone down.
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I parley vous parley...
... but WTF is a "teaser"?
I'm glad you asked......
A teaser (or a "two-team teaser") is a type of gambling bet that allows the bettor to combine his bets on two different games.[1] The bettor can adjust the point spreads for the two games, but realizes a lower return on the bets in the event of a win.
A teaser is a type of wager used in sports betting, most commonly in basketball and football. This wager is a multi-team wager, allowing the bettor to choose a minimum of two teams up to, in some cases, 15 teams. The bettor will get points on his favor to add or subtract to the teams chosen to improve the point spread chosen.
There are two types of teasers. The first kind, known as a "Super Teaser," "Special Teaser," "Big Teaser," or "Monster Teaser, " allows the bettor to choose three, four, or in some cases five teams, and gives a larger number of points to add or subtract to the spread of the selections chosen. In return, the bettor will receive less money than the one risked in the bet.
The second type of teaser, known as a "Vegas Teaser," or simply a "Teaser," is more of a combination between a parlay and the first teaser explained. In this case, the bettor will receive fewer points to adjust the spread of the selections chosen, but the more teams chosen in the wager (from two to 15 in some cases), the higher the payout will be.
Normally, if these bets are played together as a parlay, a bettor will win $260 on a $100 bet. However, with a teaser, the bettor will win $100 on a $110 bet, 10 to 11 odds. The reasoning is that one will get 6 points to adjust the spread (in either direction).
If one bets on Pittsburgh, a +2.5 underdog, they are now +8.5 underdogs (+2.5 + 6).
If one bets on Green Bay, a -2.5 favorite, they now become +3.5 underdogs (-2.5 + 6).
Bet on the over and the line is 39.5 (45.5 - 6).
Bet on the under and the line is 51.5 (45.5 + 6).
Many bettors like the teaser bet because it gives the bettor more cushion, but like a parlay, one must hit all aspects of the bet to win. There is still debate among experienced sports bettors if teasers are good wagers or not. Opinions vary on the subject, with some believing they are poor option, while others believe they are worthwhile, especially as more games tend to fall close to the point spread.[1]
Many sportsbooks also offer teaser cards (similar to parlay cards). In most cases, teasers must involve 3 or more teams, and spreads and totals have half points to avoid ties. Cards are usually printed in the morning (Every Wednesday morning for football) and the lines on the cards are fixed, though the book reserves the right to take the games off the board.
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I parley vous parley...
... but WTF is a "teaser"?
I was thinking about a film teaser or, given that we are talking about Vegas, a hooker.
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Adjusting lines out of a pool of purchased points... interesting.
Once upon at work I started a "Pick'em" game with a twist. Each week's winner got to set the lines of the following week's games. Some used the Vegas lines, which was fine, others, like me, made our own lines based upon how well our poorly matched we felt the teams were. It produced some interesting lines to say the least...
One aside... I made a bet with a Manager once on the Bears-Pats SB... yes, those SB shufflin', '85 Bears. I think the Vegas line was in the low teens... I offered 15... After the handshake he smirked and said he's have taken 10 to which I counter-smirked and said I'd have given 20.
He did pay me.
"When you have a shared vision it is a lot easier to make unpopular decisions." - Paul DePodesta "When you win, say nothing. When you lose, say less." - Paul Brown Complete 2017 Browns Board Mock: http://thebrownsboard.com/forums/index.php?showtopic=46196 -
Meanwhile back at the thread...
I wonder how much the legalized sports betting in NJ is hurting Vegas.
When the number of bettors declines it's obvious that the profitability declines, but beyond that you now have the potential for regionalized bias. And in this case that would put LA's LAR money out of balance with east-of-the-Mississippi money.
"When you have a shared vision it is a lot easier to make unpopular decisions." - Paul DePodesta "When you win, say nothing. When you lose, say less." - Paul Brown Complete 2017 Browns Board Mock: http://thebrownsboard.com/forums/index.php?showtopic=46196 -
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Meanwhile back at the thread...
I wonder how much the legalized sports betting in NJ is hurting Vegas.
When the number of bettors declines it's obvious that the profitability declines, but beyond that you now have the potential for regionalized bias. And in this case that would put LA's LAR money out of balance with east-of-the-Mississippi money.
Meanwhile back at the thread...
I wonder how much the legalized sports betting in NJ is hurting Vegas.
When the number of bettors declines it's obvious that the profitability declines, but beyond that you now have the potential for regionalized bias. And in this case that would put LA's LAR money out of balance with east-of-the-Mississippi money.
A few months ago NJ sports betting passed Nevada for the first time ever. Within 5 years somewhere between 30 and 40 states will have running sports betting...... just like buying a lottery ticket now.
Vegas is really taking a hit and will continue to do so.
From the AGA American Gaming Association:
GO BUCKEYES, BROWNS, INDIANS, CAVS, YSU, NAVY and yes I like ND! -
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I was thinking about a film teaser or, given that we are talking about Vegas, a hooker.
Oh BTW brother Nero before you pack your bags and get your American Express traveler's cheques remember prostitution is legal in Nevada but not in Lost Wages or Reno the two big gambling hotspots.
(Oh it ain't cheap either, well at least the legal ones.
)
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Meanwhile back at the thread...
I wonder how much the legalized sports betting in NJ is hurting Vegas.
When the number of bettors declines it's obvious that the profitability declines, but beyond that you now have the potential for regionalized bias. And in this case that would put LA's LAR money out of balance with east-of-the-Mississippi money.
A few months ago NJ sports betting passed Nevada for the first time ever. Within 5 years somewhere between 30 and 40 states will have running sports betting...... just like buying a lottery ticket now.
Vegas is really taking a hit and will continue to do so.
From the AGA American Gaming Association:
A few months ago NJ sports betting passed Nevada for the first time ever. Within 5 years somewhere between 30 and 40 states will have running sports betting...... just like buying a lottery ticket now.
Vegas is really taking a hit and will continue to do so.
From the AGA American Gaming Association:
So...what is the status of Ohio? Hard to tell from this graph.
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A few months ago NJ sports betting passed Nevada for the first time ever. Within 5 years somewhere between 30 and 40 states will have running sports betting...... just like buying a lottery ticket now.
Vegas is really taking a hit and will continue to do so.
From the AGA American Gaming Association:
So...what is the status of Ohio? Hard to tell from this graph.
So...what is the status of Ohio? Hard to tell from this graph.
I've heard of several stories on the little turf war going on about which department will oversee it but here's a slightly clearer map and every state's status.
https://www.sbnation.com/a/sports-betting-gambling-state-legislation-tracker
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