Vegas Bookmakers Could Lose Big if Giants Complete Improbable Run After 7-7 Record
Vegas bookmakers may be rooting heavily for the New England Patriots in the upcoming Super Bowl, according to the New York Times Fifth Down blog. Not because of action on the game line (even though early money did come in heavily on the Giants when the game line opened at between 3 and 3.5 points for New England), but because of futures action during the season.
New York lost four in a row at mid-season to drop to 6-6, which included losses to playoff bound San Francisco, New Orleans and Green Bay. They also lost to Washington for a second time on December 18, dropping to 7-7. No team that has lost 7 regular season games has ever won a Super Bowl, with only the 1979 Rams and the 2008 Cardinals reaching the Super Bowl.
According to the story, during that stretch, the Giants’ odds of winning the Super Bowl had moved from the 20-1 from before the season, to 80-1. According to Jimmy Vaccaro, bettors hit the Giants pretty hard at the high number, and “[i]f the Giants win this game, it could do some damage out here, no doubt.”
Of course, the bigger long shot who put a scare into Vegas were the Denver Broncos, whose popularity soared with the Tim Tebow factor and the improbable run to the Divisional Round. The Broncos odds on winning the Super Bowl were as high as 5,000 to 1, and received action.
Let’s not exactly cry for Vegas, though. Woe is Vegas for having to potentially pay out on a longshot bet they took action on. I suspect they aren’t giving money back to the Broncos bettors this year, or every Chargers, Jets, or Cowboys bettor who threw money down when things looked a little bleak, hoping for a big score. Sometimes you pay out on these, but I’m guessing the take in has been pretty good over time.
[photo via Getty]

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9 Responses to “Vegas Bookmakers Could Lose Big if Giants Complete Improbable Run After 7-7 Record”
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January 25th, 2012 at 4:38 PM
my Casino Demolition Company went broke
January 25th, 2012 at 5:07 PM
would’ve been nice to put the discretionary, “what the hell” hundo on them at 80-1…
January 25th, 2012 at 5:13 PM
I got on them at 40-1 in week 16 from my guy….unfortunately I only have $30 on it. Still gonna hedge it and win something for sure. Wish I would of at least put $50 on it and not felt like somehow even while winning I am still losing…
January 25th, 2012 at 5:53 PM
I got them at 10-1 when the playoffs started, put 100 on it for the F of it. Deciding on whether or not I should hedge my bet or let it ride.
January 25th, 2012 at 6:16 PM
Serves them right for putting a number like that out there on a popular, public team, and one that was at no time buried.
January 25th, 2012 at 6:23 PM
I hated the Patriots at -3.5, but if I could steal them for a cool -3.25, I’d jump on it.
January 25th, 2012 at 6:31 PM
So you would win $1,200 if that hits. To get $1200 on the Patriots money line it’d cost what, $800? I wonder if it’s worth a parlay of Patriots money line and Tom Brady at MVP. You could probably lay $400 for $1200, and leave yourself just a little bit open to the possibility that the Patriots win and somehow the Gronk wins MVP, and you get fucked.
January 25th, 2012 at 6:39 PM
A good bet in this Superbowl is now at 9/2: “Victor Cruz will make key fourth quarter reception with his armpit”.
January 25th, 2012 at 6:44 PM
A good bet in this Superbowl is now at 9/2: “Victor Cruz will make key fourth quarter reception with his armpit”.
if Edellman is on Cruz this is going WAY over..