kearly":37urcwkm said:
It also shattered the record for profits in Vegas, since a huge number of people bet on Denver. I think I read that Vegas made more off of XLVIII than the three previous SBs combined. Vegas actually favored Seattle at first to get people to bet on Denver and it paid off in a huge way.
Vegas felt Seattle was the better team and made us a 1-2 pt opening fav. Then, testing that line, they invited preferred customers to bet that line. The first several bet Denver, so to balance the books, they had to make Denver the favorite to get people to bet Seattle.
A portion of the $19 mil they profited, off of $119 million bet, came from the under bets.
Some bettors refuse to understand they are not betting against Vegas, and if they were, they'd lose 90% of the time. Vegas has lost just twice on SBs in the past 20+ years. Typically, that's from being middled. Again, their objective is to take even money on both sides, including the O/U, then swoop the vig from those losers while making a mint off (foolish) prop bets.