Wanna bet?
Las Vegas sports books have been taking a bath lately and I don’t mean comfortably inside a lavish Bellagio hot tub. Weeks ago, Vegas reported its biggest losses in years. The reason? The disparity between the haves and the have-nots in the NFL is so broad that when these teams play each other, bookmakers can’t set the lines big enough for gamblers to bet on the underdogs.
In the NFL, a 14-17 point spread generally indicates one team is significantly better the other. But even with lines that high, the stronger team has still been covering the number.
This article appears in Nov 18-24, 2009.
