Betting Sports in Las Vegas – Vegas Sports Books Take a Big Hit as NFL Favorites Roll

Betting Sports in Las Vegas – Vegas Sports Books Take a Big Hit

“Horrible luck” and “bad day today” are words usually uttered by the sports book bettor at the conclusion of a losing day when parlays were just missed and the 20-star lock play went bust. But on Monday morning, the sports book operators are the ones grumbling as Las Vegas sports books endured one of the worst NFL Sundays on record.

According to the Sporting News estimates range anywhere from $6 to $8 million dollars in losses for Vegas sports books this weekend with a Sunday that was capped by a late Atlanta Falcons touchdown that meant a lot more than cushioning a slim lead over the Dallas Cowboys. NBC’s Al Michael’s said it best as the field goal was good and the football was softly pushing into the netting beyond the uprights, “that kick made a lot of people very happy, and some not so happy.” The Falcons covered the -3.5 point spread and with that, it closed the book on a good weekend for a lot of the NFL betting public and a very bad weekend for Vegas sports books.

Underdogs have been the play up to this point, however on Sunday, a majority of favorites in the NFL covered the point spread (favorites went 8-4 to be exact). The public leans towards favorites, and when a handful of underdogs can’t get the job done, Vegas sports books will generally take a hit for the week.

But before we start worrying about the sports book’s losses, let’s not forget that the odds are still stacked in the house’s favor. And it was only a couple of months ago that the blown call made by the replacement officials in the Packers vs. Seahawks Monday Night Football game resulted in a massive swing of money as the underdog Seahawks pulled off the upset and the cover, which resulted in a windfall for Las Vegas sports books. 

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