NFL Games Crush Nevada Sportsbooks in Week 9
According to various media reports, Nevada sportsbooks were crushed this weekend due to a high volume of successful bettors on a few specific NFL games. In total, these sportsbooks lost up to $10 million dollars on Sunday, and it has some casinos calling it “one of the worst NFL Sundays” in recent memory.
The Las Vegas-Review Journal states that these books were slammed by bettors placing wagers on the Minnesota Vikings, Pittsburgh Steelers and the Kansas City Chiefs to cover. The following is a breakdown of each NFL Week 9 matchup:
Kansas City vs Cleveland
The Chiefs opened as a big favorite on the road in Cleveland. Depending on the book, they were as high as 10 points upon opening. The line came down as the game approached and closed at -8 for KC at most Nevada sportsbooks. For many, this seemed like a no-brainer. The Chiefs were 7-1 ATS coming into this game and clearly the better team.
I also believed that the outcome was a virtual lock as I took the Chiefs -8.5 points in one of my NFL Picks of the week. Without restating all of the reasons why I took them, the Chiefs were clearly too powerful on offense for the Browns to handle especially after the team fired their head coach and offensive coordinator.
ESPN reports that 88% of the action on this spread at William Hill sportsbooks in NV and NJ was on the Chiefs. The Chiefs ended up winning 37-21, which was close to my prediction of 38-23. The victory was a “disaster” for many sportsbooks in NV. The vice president of race and sports for MGM, Jay Rood, declared that they were pretty much finished by time the game ended. Rood went on to say that Sunday’s losses cracked his Top 10 for the biggest NFL Sunday losses in his professional career.
Pittsburgh vs Baltimore
For most of the week leading up to the game, Pittsburgh floated around a +3 underdog on the road at their divisional rival the Baltimore Ravens. This game was another pick of the week for me as I believed the Steelers would win the matchup outright and I laughed all the way with taking the points.
Pittsburgh had a two touchdown lead half way through the 3rd quarter and a 10 point lead in the 4th before winning the game 23-16.
Minnesota vs Detroit
The third early game on Sunday that sunk sportsbooks was the Minnesota Vikings versus the Detroit Lions. This spread floated from 4.5 to 5.5 points throughout the week, as Minnesota was the favorite. For many sportsbooks, the line closed at -5 for the Vikings.
Minnesota dominated this game defensively as they had 10 sacks and a fumble return for a TD. The Vikings scored in the 1st quarter and never looked back. They opened the 4th quarter leading 17-6 and ended up winning the game 24-9, easily covering the spread.
Late Game Troubles
By time the sportsbooks got to the late games on Sunday, they were already in big trouble. The morning games killed them and they also had many open parlays that were about to hit as well. Ultimately, the majority of books had to accept their fate for the day by time the 4’oclock games came on. According to Boyd Gaming’s Sportsbook Director Bob Scucci “the public just nailed it.”
However, it wasn’t just Nevada that saw losses. Both New Jersey and Mississippi also suffered big losses. Additionally, online betting sites felt the sting of successful bettors as well.
Bovada’s top oddsmaker Pat Morrow tweeted the following comments: “Yesterday was the single largest losing day in Bovada’s history. But otherwise everything went well.”
Week 10 of the NFL
There are some big spreads already listed for Week 10 of the NFL. Most notably, the Chiefs are a 17 point favorite over the Arizona Cardinals. It will be interesting to see if the favorites and small underdogs get the same public attention as last weekend.
For more NFL betting advice, check back this week for our NFL Betting Picks and tune in to our Odds on Favorites videocast.
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