Super Bowl Wagering Through The Years
In the last 17 years in Las Vegas, the only losing Super Bowl for the books was the 49ers blowout over the Chargers following the 1994 season. Matt Youmans of the Las Vegas Review-Journal offers the Nevada wagering totals on the Super Bowl since the state began tracking sports wagering handle. The preponderance of proposition wagering seems to make it unlikely that the books would lose another Super Bowl. It is worth noting that the three largest hold percentages have occurred in the last four years, showing how healthy the prop betting boom is for the house.
Update: Now after the game, the bookies are howling, claiming substantial losses. While Giants and under, as well as Giants outright, was surely a good result for a lot of small players, the big players were largely on the Patriots, with many professional bettors finding the Pats money line particularly attractive.
It will be interesting to see the results released by the State of Nevada on the sports books Super Bowl balance sheets. Is it the second losing year in the past 18? I predict a small winner for the books, with the proposition wagers offsetting side/total losses.
