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Las Vegas Oddsmakers Are March Madness’ Big Winners After Two Rounds

Wednesday, March 11th, 2020

Las Vegas Oddsmakers Are March Madness’ Big Winners After Two Rounds

Nevada oddsmakers are welcoming in springtime with open hands. After a run of year that was filled up with underdogs overcoming long odds, the NCAA guys’s basketball tournament is supplying casino sportsbooks utilizing the perfect elixir.

It has been more sorrow than celebration for patrons at Las Vegas sportsbooks this March Madness.

Utilizing the first week of March Madness into the books, it was the oddsmakers in Nevada that played the winning pay the sports bettors.

With the top-seeded and champion that is defending Wildcats out, in addition to No. 2 seeds Duke and Louisville, many brackets and wagers have been busted. And that’s good news for the house.

Talking with ESPN, Frank Kunovic, director of specialty games for Caesars Entertainment, said, ‘We basically became Caesars Palace federal reserve and were printing money.’

Vegas was due for a strong follow a 2016 that was filled with forecast and recreations betting chaos. The election of Donald Trump, Leicester City winning the Premier League, the Chicago Cubs winning the planet Series, Cleveland winning the NBA Finals, Clemson upending Alabama in college football, and the ‘Brexit’ vote kept both domestic and oddsmakers that are international.

The March Madness victory thus far is certainly welcomed while books in Nevada have largely weathered the storm.

Duke Loss, Vegas Win

The Duke Blue Devils are the Green Bay Packers of college basketball. Each (more…)