Gambling and Sports Betting News February 12, 2020: XFL Embracing Gambling From the Getgo
Here are today's headlines in the world of gambling and sports betting as they happen - Wednesday February 12, 2020.
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XFL Embraces Gambling From the Getgo
The XFL, an alternative to the National Football League, kicked off this past weekend with a warm embrace of sports betting.
"This notion of embracing the spread," XFL president Jeffrey Pollack said, "means that our mission, our design and our business infrastructure are all geared to the sports betting future that's coming fast.
"We see a lot of pros to leaning into the sports betting world," he added. "It's what our fans want. We don't see cons, we see opportunity."
David Purdum of ESPN writes, when creating its rules and scoring system, the XFL kept the bettor in mind and even bounced ideas off Las Vegas sportsbook operators to see what worked and what didn't.
"I thought it was very interesting," John Murray, executive director of the SuperBook at Westgate Las Vegas, said of the informal calls with the XFL. "It was cool just to talk to the guys who were starting a new football league and see what kind of ideas they had."
So how many bets game in on the first couple of XFL game?
At Caesars Sportsbook in Nevada, less than $10,000 total was bet on the point spread for the opening game between the Dragons and Defenders. It might not sound like a lot -- and compared to the hundreds of thousands of dollars normally bet on NFL games, it's not -- but it was notable and was more than the amount bet on many of Saturday's college basketball games and even some NBA games.
"I think there's an interest, but it's just not something I think people have confidence to bet on yet, on the public side of things," Caesars senior oddsmaker Alan Berg said.
