Advertisement

The bookmaker always wins (or almost)

Advertisement

Published on Feb 14, 2020

Advertisement

Thanks to the data of the Authority that controls all the gambling houses of Las Vegas we can get an idea of how to go for the bets for the Super Bowl LIV.
In Las Vegas, were focused on the match 154.6 million dollars with the bookie that at the end they were able to earn $ 18.7 million for the 12% of the income. In the last 10 years only once the bookmakers had won more as a percentage, in 2014, with 16.5%.

The total gain is the second-ever for a Super Bowl behind the 19.6 million for the Super Bowl XLVIII, while the 154.6 million received are second only to 158,5 million bet for Super Bowl LII. Gains, even if minimal, in Rhode Island, with 5.5 million wagered, and 804mila earned by the dealer.

And it got worse to the bookmaker in two States, New Jersey bets for 54 million dollars and losses to 4.2 million, while in Pennsylvania bets for 30.6 million and losses of 3.3. In the first case, the President of FanDuel, the company that collected the betting, has stated that the negative figure is mainly due to the bets placed during the game and that for them the loss is not a problem since the beginning of their activities.

The end of the prohibition of sports betting in the different States, sanctioned by the Supreme Court in 2018 has not yet overcome the domain of Las Vegas in this sector. The city of Nevada in 2019 has grossed $ 329 million in betting on sports, an increase of 9.5% compared with the previous year, thanks to a volume of bets of $ 2.5 billion.

Advertisement

Advertisement

image

Hey friend

Your blog talks about The Bookmaker Always Wins (Or Almost)? Contact Us to be indexed in the BitFeed Network