Monday, September 21, 2015

Las Vegas sports books bounce back in week 2

Mandalay Bay sports book fared well Sunday.
LAS VEGAS -- When Week 2 NFL opening numbers were posted at the beginning of last week, it was apparent that there was luxury tax placed on a few of the teams that beat the sports books in Week 1.

The books knew who the public was going to play, and they set numbers against their emotion, and played it brilliantly to a winning week.

"We had a house player on the Steelers pretty heavy," said MGM Resorts Vice President of Race and Sports Jay Rood, referring to the Steelers easy 43-18 win as six-point home favorites over the 49ers, "but it turned out to be a good day for us."

CG Technology VP of risk management, Jason Simbal, said their books had a good day as did Station Casinos sports book director Jason McCormick. Every book was in the black and most of it was based on the public riding the teams hard that fared well last week believing what they saw last to be gospel.

They laid more points than they should have on overpriced teams like New Orleans, Tennessee, Baltimore, Miami, and St. Louis, much to the delight of the books.

One of the few games where the public was correct on was the Patriots, who had moved to a 2-point underdog at Buffalo, and won 40-32. Rood said his MGM books had taken sharp action on the Bills, but that it was one-sided with public parlay money on the Patriots.

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  1. What did you think of this season's week 1 results? I couldn't find much info on how Vegas did, but a handicapper I follow, The Final Line, did a pretty good job. 2/2 on teasers and 1/2 on straight bets.

  2. They have a few large flat screens in the hall but not too many to make this a sports bar. It's all about the beer at event venue here. Long lines of taps are behind each bar sporting an impressive array of craft libations.