Nevada Sportsbooks Win Again on Super Bowl - 15 of 16 years - RJ Bell - Pregame Blogs

Nevada Sportsbooks Win Again on Super Bowl - 15 of 16 years

Tue, Feb 8 2011 10:03 AM

Comments 10

Las Vegas, Nevada (February 8, 2011) – RJ Bell of Pregame.com reports . . .

Despite widespread speculation that the Super Bowl was a tough one for the sportsbooks, the final numbers show yet another losing year for the players.

Nevada Totals:
$87.5 million wagered
$724,000 won by sportsbooks.

That makes 15 of 16 winning years for the sportsbooks! (the lone exception being Giants/Patriots in 2007).

RJ Bell of Pregame.com said: “Packers and Over was by far the worst possible result for the sportsbooks, and even so they ended up net winners. This is a great example of the steep uphill climb the average player faces trying to win.”

* The overall handle is up almost $5 million from last year.
* This is the smallest sportsbook win since 1998 (Packers vs. Broncos)
* Nevada sportsbooks have now won a net $115 million since 1991 (19 of 21 winning years)
* Nevada accounts for approximately 1% of the worldwide Super Bowl handle.
* Sportsbooks worldwide have won an estimated $11.5 Billion on the Super Bowl since 1991.

Super Bowl XLV action:
The public strongly played Packers and Over.
The sharps played Steelers and under.

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RJ Bell of Pregame.com is the only sports bettor on Forbes' recent list of Gambling Gurus and has been called "a true insider" by ESPN, "incredibly astute" by AOL and a "point-spread maven" by USA Today. Mr. Bell has been featured on CBS News with Katie Couric, ABC News with Charles Gibson, Nightline, Sportscenter, Outside the Lines (ESPN), First Take (ESPN2), Mike & Mike, Colin Cowherd, Jim Rome, Dan Patrick, ESPN.com, FoxSports.com, Yahoo, CNN.com and in the Wall Street Journal, Associated Press, New York Times, LA Times, Newsweek.com, Bloomberg, Maxim, and Sports Illustrated. Pregame.com is the largest sports betting news website compliant with US Law.

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NFL, Super Bowl XLV

Comments

Harry Begg

Wed, Feb 9 2011 7:21 AM

RJ- Great blog! Once again, you provide information that I would never have available to me here in my local newpaper sports section, or in the financial section. Today I had to suffer through 2 pages in my sports section, of why Coach Sean Peyton should not move his family to Dallas. Keep the great blogs coming and the appearances on podcasts often. Rumor has it in the New Orleans French Quarter, that when Hank Goldberg retires, you are in line for the job!

Respectfully,

Harry Begg
Johnny Detroit

Wed, Feb 9 2011 6:46 AM

Side note. Isn't it 6:30am in Vegas? Why in the hell are you awake!
RJ_Bell

Wed, Feb 9 2011 6:40 AM

This Pregame.com reporting carried by USA Today: http://usat.ly/hnfgmf
RJ_Bell

Wed, Feb 9 2011 6:40 AM

JD - they also had heavy action on Steelers ML (which clearly lost)
Johnny Detroit

Wed, Feb 9 2011 6:33 AM

Nice info. I would think Las Vegas LOST money on the side/total and made the hold % based on teasers and props. Any information on that?
RJ_Bell

Tue, Feb 8 2011 10:56 PM

NBCsports.com uses Pregame.com reporting on Super Betting results in Nevada: http://bit.ly/hWvKK3
Tony George

Tue, Feb 8 2011 2:12 PM

Thanks RJ..look for blog and rant in the next 24 hours...
RJ_Bell

Tue, Feb 8 2011 12:18 PM

Tony - 2.6 Billion in Nevada per year.
RJ_Bell

Tue, Feb 8 2011 12:15 PM

This Pregame.com reporting carried by Bloomberg: http://bloom.bg/i0HH4b
Tony George

Tue, Feb 8 2011 11:52 AM

RJ...Do you have an idea of what is bet entirely in all sports in Nevada in a calender year.???..and your thoughts of how much % of that number is what is ACTUALLY BET in the US overall. Say the number is 3 Billion legally...is that 30% of all action in the US and or is there any offshore numbers you have that are close to concrete on what was wagered on the SB?

I am doing some math here for a blog and article to legalize gambling and the benefits from it in terms of tax rev's for the Governement...any insight from you would be helpful...I am sure offshores are not disclosing amounts...but thought I would run it up the pole with you and see if you had some loose numbers....TG

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