VegasInsider.com
VI Mobile Scores and Betting OddsVI Mobile Scores and Betting Odds Be Social
Home
NFL
NBA
NHL
MLB
NCAA FB
NCAA BK
Golf
Auto
Horses
More
Betting Tools

 
Books win final week
It may have taken the Las Vegas sports books a few weeks to get off their losing streak, but the streak is finally over. Not only do the books finally close out the regular season with a rare win, but they also get close the ledgers on a frustrating final quarter of 2012, one of the worst in Nevada sports books history.

"This was the best weekend we've had since early October," said LVH Super Book vice-president Jay Kornegay. "It's nice to finish out the year on a high note because it's been a difficult season."

Things started out great for the books in September. Teams were keeping bettors off-balance -- like the Cardinals winning every week, including at New England -- but as Kornegay said, it slowed considerably in October and the big one hit in November -- Week 9 of the NFL season -- where statewide losses estimated up to $10 million.

On that fateful Sunday for the books, favorites went only 8-4 ATS, but this season the trend has been more about key teams bunched together in four or five team conglomerates -- parlays that pay up to 20-to-1 odds. Last week favorites went 8-7 ATS and the books lost. This week, they went 7-8 ATS and the books won.

Much of Week 17's win can be based on two teams losing, or not covering, right out of the gate in the first wave of games. The flames were put out before the blaze could gain momentum.

Advertisement
"Our best games of the day were the Panthers winning outright at New Orleans and the Lions game,"?said South point sports book director Bert Osborne. "We had the most parlay liability built up throughout the week with those two games."?

Cam Newton probably wishes the season wasn't ending as he continued a string a solid performances down the stretch by beating the Saints as a five-point underdog. The Lions showed some life as well, losing 26-24, but covering the three-point spread against the Bears.

Other good games for the sports books did well including the Vikings beating the Packers outright as three-point underdogs and the Seahawks failing to cover 11 points against the Rams.

Surprisingly, the big favorites of the Broncos (-17) and Patriots (-12) coming in together didn't hurt the books too bad because many stayed away from the large number.

"The public doesn't like to side with double-digit favorites,"? Kornegay said. "They still bet them, and don't like to take the points, either, and the action is weighted to the favorites, but the amount of action is far less than it is with a favorite of seven points or less."?

Kornegay said he actually did quite well with the Patriots covering because a large house player bet the Dolphins, which is why the LVH had the lowest number (-11) on the Patriots in town.

While Seattle didn't cover on straight bets and parlays, they did hurt the books in another area.

"Seattle not covering was good for us, but that last touchdown they scored hurt us with teasers,"?said Osborne.

The Patriots, Broncos, 49ers, Steelers and Seahawks were all double-digit favorites and went 3-2 ATS, but 5-0 on teasers when subtracting 6-to-7 points off the initial spread.

The books should have known it was their week to win when they got two back-door covers with the Raiders (+8) and Cardinals (+16) going their way.

"All season long it seems we haven't had a back-door go our way," Osborne jokingly said, "And in a matter of a few minutes, we get two of them with two of the worst offensive teams in Arizona and Oakland."?

The fate of the books was sealed as a winner when the Sunday night game stayed UNDER 48. It didn't matter for most books whether or not the Cowboys or Redskins (-3) won, the only way for them to lose would have been the game going OVER like the two teams did on Thanksgiving.

The one positive note on 2012 is that when 2013 comes around, the sports books month-over-month numbers in the final quarter will look pretty impressive. They can't be any worse.

  
HEADLINES
BetOnline.ag: Patriots vs. The Field
News: 2018 SB Matchup Odds
Peterson willing to take less for right fit
Bengals release LB Rey Maualuga
Bengals to re-sign Wallace Gilberry
Oakland submits revised stadium plan
NFL free agents signing 'prove it' deals
Jets unlikely to add another vet QB
Colts release veteran DT Arthur Jones
MORE HEADLINES
 
Why Buy Picks From VegasInsider.com
NFL Pro Football Handicapper Sports Picks Records
VegasInsider.com Gold Membership
2016 NFL SEASON PICK RECORDS
Money Leaders
Handicapper Money
Don Anthony + 2405
The Gold Sheet + 1747
Michael Black + 833
Last Week's Leaders
Handicapper Money
Jimmy Boyd + 100
Marc Lawrence + 100
Doc's Sports + 100
Percentage Leaders
Handicapper Pct
Don Anthony 65 %
The Gold Sheet 58 %
Michael Black 56 %
Guaranteed Leaders
Handicapper Money
Pat Hawkins + 1068
Don Anthony + 1067
Brian Edwards + 741
Over-Under Leaders
Handicapper Money
Joe Williams + 1301
The Gold Sheet + 808
Michael Black + 641
Member Leaders
Handicapper Money
The Gold Sheet + 1204
Jimmy Boyd + 961
John Fisher + 555
MORE PICK RECORDS
  
corner graphic
With a VI Gold Membership, you can SAVE 10% off a Live Odds subscription, SAVE 20% off Daily Pick packages, and receive access to up to 1,000 Member Plays each month!
VI Gold Membership