Friday, February 5, 2010

Super Bowl Notes From Las Vegas: Action Slow Through Thursday

by Micah Roberts

This years Nevada Super Bowl betting handle will likely not pass $94.5 million and may be in danger of even equaling last seasons Steelers-Cardinals match-up which brought in $84.5 million through state sports book.

“We know it’s going to get pretty busy Saturday and Sunday,’ said South Point’s Sports Book Director Bert Osborne, “but right now (through 10 days up on the board) it’s been pretty quiet.”

Reports from many of the Sportsbooks have been similar, but most admit that they don’t keep a daily log of betting on the game throughout the two week period. They just know the bulk of their action will come on game day and the day prior.

“There could be something into the fact that there isn’t a big underdog like most years which really seems to stir up betting interest early with the people who feel they have to get it now or they’ll lose value,” says South Point’s Sports Book Director Bert Osborne.

The all-time record betting handle for the Nevada Super Bowl handle came in 2006 with the Steelers and Seahawks squared off with the Steelers a 4-point favorite. However, that year was right in the middle of the Las Vegas Boom where everyone was making tons of cash in all aspects of whatever business they were in.

If you worked in the casino, the tips were larger. If you were an executive, the bonus’ were larger. If in construction, there was tons of work because everyone was building. Real estate? The sales were through the roof. Regular folks were making hundreds of thousands of dollars by just flipping houses.

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