Posts tagged superbowl

2011 Super Bowl Breakdown

The Nevada Gaming Control Board has released the unaudited figures for this year’s Super Bowl, and in spite of early reports that the books took a beating, they actually came out slightly ahead. Here’s a quote from the press release:

THE GAMING CONTROL BOARD RELEASED FIGURES TODAY SHOWING THAT $87.5 MILLION WAS WAGERED IN NEVADA’S 183 SPORTS BOOKS ON THIS YEAR’S SUPER BOWL.

GAMING CONTROL BOARD CHAIRMAN MARK LIPPARELLI SAID, “UNAUDITED FIGURES SHOW A SPORTS BOOK WIN OF $724,176 WAS RECORDED ON WAGERS TOTALING $87,491,098. THIS RESULTED IN A HOLD PERCENTAGE OF 0.83%.”

The release also has a table indicated the results for the past ten Super Bowls:
superbowlbets

The low hold, as you can see, is a bit of an anomaly. But even if the books had lost money, the casinos would have made money over the weekend, thanks to more action in the casino, even if you discount the bump from the Chinese New Year.

I wonder what role in-running bets had on keeping the win up–with more betting during the game, there were more decisions, which theoretically should get a hold percentage closer to 5.45% over time.

The real story, I think, is that the handle is trending up again. That’s a sign that people are gambling more money, which in the end will be good for Nevada gaming.

A super flip

It was nice to see an actual football game in the midst of all the commercials, but as a lifelong Eagles fan I’m naturally downcast at the outcome. Still, can anyone from the Delaware Valley honestly say that they expected any better? I think Philly has just internalized low expectations, and that losing is now accepted quite readily.

I’m surprised that absolutely no one has commented on what I thought was the greatest controversy of the game–the coin flip.

First of all, I’m all for getting kids involved in sports, but it’s hardly fair to them to put them on the field in such a high-pressure situation. For those of you who didn’t see the coin flip, they brought one of the kids out to actually toss the coin. Instead of flipping it, he sort of pitched it (kind of like someone might slide dice), so that it didn’t actually spin over its axis and land on a random side. If you tired that sort of thing at craps you might get yourself in the black book, but the kid only got a grateful handshake from Donovan McNabb. Funny stuff, yet totally ignored by the play-by-play. I’m surprised Joe Buck didn’t rant about how the blatantly-rigged toss was a “digusting act.”

Oh yeah, people also bet on the game. Luckily for Nevada sports books, the Eagles scored that late touchdown. It was funny hearing people reference Philly’s phyrric victory, saying, “these fans are disappointed, but happy that their team…umm…played with pride.”