With the 3-point favorite New England Patriots winning the first ever Super Bowl played beyond regulation in a shocking come-from-behind victory, Las Vegas sportsbooks got completely hammered, Gambling911.com is learning Monday morning.
"For Nevada's largest sports book operator, William Hill, it was a fitting end to a terrible pro football season," a William Hill spokesman told CBS News. "The Patriots, trailing 28-9, were available at 16/1 (+1600) on the LIVE InPlay Money Line, and their comeback was very profitable for the majority of bettors.
"The favorite covered. The total went over. All the popular props cashed."
65 percent of the public money was on the Patriots heading into Sunday’s Super Bowl LI.
Hill - and probably a whole swath of other Vegas bookies – were hit with another dilemma after the Pats had been trailing throughout much of the game.
From CBS News:
There were "triple digit" tickets (literally hundreds of them) on the Pats when they were 10-to-1 or higher. A $10 ticket on the pats at 10-to-1 would pay out $100.
The hundreds of proposition bets and LIVE IN-PLAY WAGERING certainly helped reduce some of the pain with the online books but local New England bookies who were on their own without the services of a Pay Per Head that provides similar options will likely be in hiding until March Madness.