So, the news is that Nevada's casinos, the only place you can legally place sports bets, took in $98.9 million in action on the Super Bowl. Most of that was on San Francisco at -3.5 points (laying $11 to win $10). Of course there was plenty of money on the Ravens, but not as much, and there were plenty of important "prop" bets, like who would score the first touchdown, and who would win the coin toss (honest!). If you don't think that prop bet is funny, consider the fact that I once bet that William "The Refrigerator" Perry, a defensive lineman, would score an offensive TD in the Super Bowl. Even funnier is that he did!
At any rate, the casinos managed to hold about $7.2 million, which is a pretty big chunk of change for any sporting event. In fact, making bets in the sports book is one of the top five casino bets for players, based on what the casino is able to hold from what the players actually wager. Remember, it's not always what the odds of the game are or the house edge, it's what the casino wins in the long run.
My own experiences have been pretty good in the sports book, if you don't count my NFL regular season football bets. Or my hockey bets, which is just a crazy game to bet because sometimes they don't even have a season, and when they do, you can't find the games on TV. Oh, and I don't do too well betting the NBA, or college basketball. And, don't count my results for horse racing, even though I once bet $70 on a long-shot to win the Kentucky Derby (Alysheba) and the horse actually won! Of course I only knew about the horse because my friend in the sports book gave me the tip (Thanks again, man). So basically, I can only beat baseball. Bummer!