Super Bowl Bets As Low as $10 Help Stimulate Economy
Whether it's Las Vegas or online, Super Bowl bets don't need to break the bank. Most online sportsbooks endorsed by Gambling911.com allow minimum bets online of $10 and even less (depending on the sportsbook).
Betting on 2009 Super Bowl props can lead to very lucrative payouts depending on the wager even with a nominal risk.
At some online sportsbooks, as an example, Limas Sweed of the Pittsburgh Steelers scoring the final touchdown of the game is listed with over +3000 odds. What this means is a $10 bet pays $300. Let's face it, anyone can score the final touchdown especially if the score is lopsided. Willie Parker of the Steelers is the favorite to score the final touchdown and pays $50 for every $10 bet.
Typically, more than 60 million people across the world bet on the Super Bowl.
The average Super Bowl bet is typically under $50.
Betting the Super Bowl online this year is not expected to decrease this year as a result of the recession.
"We might see a decrease from last year with bets placed online as a result of a less marquee matchup," explains Don Shapiro of Gambling911.com. "Last year's Super Bowl was among the most watched because it featured two of the biggest markets in the game."
Not so says BetUS.com spokesperson, Reed Richards.
"We are seeing a 50 percent increase in gambling interest than last year because of the Cardinals," Richards said. "I think Arizona quarterback Kurt Warner is a Cinderella story -- an older guy with one last run in him. We are seeing a lot of women getting involved because they are interested in his back story. Young people aren't always the stars."
Las Vegas could be a different story.
According to a local Fox News report, Las Vegas hotel officials said that, if the regular season was any indication, the money will continue to flow at the betting windows.
"It's the single biggest betting event of the year," said Hilton sports book executive director Jay Kornegay in an interview Monday with the Las Vegas Sun. "Obviously things have slowed down here, but sports betting has remained strong throughout the entire football season and throughout the playoffs. I think the Super Bowl event basically sells itself, so it's going to be a true heavyweight battle, you know -- the single biggest betting event versus today's economic crisis."
Over the past four years, gamblers in Nevada have placed an average of more than 90 million on the big game. But with money tight and no end to the economic slump in sight, do casinos thing will people lay out the cash?
"We're not sure," Kornegay said. "We're hoping for the best."
The "best" requires the masses to fly to Vegas, and therein lies the problem. While the two weeks leading up to the Super Bowl are typically among the most active for Las Vegas casinos, this year fewer people are flying and taking the trip out to Nevada as they tighten their purse strings.
Christopher Costigan, Gambling911.com Publisher
