Vegas oddsmakers are welcoming in springtime with open hands. The NCAA men’s basketball tournament is providing casino sportsbooks with the perfect elixir after a run of 12 months that was filled with underdogs overcoming long odds.
This has been more sorrow than celebration for patrons at Las Vegas sportsbooks this March Madness.
Using the first week of March Madness into the publications, it was the oddsmakers in Nevada that played the hand that is winning the sports bettors.
With the top-seeded and protecting champion Villanova Wildcats out, along with No. 2 seeds Duke and Louisville, many brackets and wagers were busted. And that’s good news for the home.
Talking with ESPN, Frank Kunovic, director of specialty games for Caesars Entertainment, said, ‘We basically became Caesars Palace federal reserve and were printing money.’
Vegas was due for a strong run after a 2016 that was full of prediction and sports chaos that is betting. The election of Donald Trump, Leicester City winning the Premier League, the Chicago Cubs winning the planet Series, Cleveland winning the NBA Finals, Clemson upending Alabama in college football, as well as the ‘Brexit’ vote kept both domestic and oddsmakers that are international.
The March Madness victory thus far is certainly welcomed while books in Nevada have largely weathered the storm.
Duke Loss, Vegas Win
The Duke Blue Devils are the Green Bay Packers of college basketbal Continue Reading