Suddenly, the betting public is not that bad at betting.
For a third straight week, several U.S. sportsbooks suffered a losing Sunday. It wasn’t a massive loss, especially compared to last week, and some books such as DraftKings and BetMGM outside of Nevada, came out ahead Sunday. But some veteran bookmakers were having a hard time remembering a three-week stretch like the one they’re enduring this October.
“I don’t recall three weeks quite like this in my 25 years in the industry,” Jason McCormick, vice president of race and sports for Station Casinos in Las Vegas, said Sunday night.
That’s because there haven’t been many. According to Nevada Gaming Control records, the state’s sportsbooks have suffered a net loss on football over a month during the NFL regular season (September through December) only 11 times, the last time coming in November 2011.
John Murray, another Vegas veteran and executive director of the SuperBook, estimated that they come out ahead on 80% of NFL Sundays “just because of the sheer volume of parlays, but we do suffer our share of losses, too.”
The bookmakers’ share of losses, of course, isn’t as big as the betting public’s share, but we’re in the midst of a pretty rare run of success for bettors.
“Only winner of the day for us was the Giants’ game,” Jeff Stoneback, director of MGM sportsbooks in Nevada, said. “Three weeks in a row now that the public has done really well. Not as bad as last week is about the most positive thing that I can say.”
NFL notables
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NFL home teams are 8-4 against the spread this week. It’s the first week this season that home teams have had a winning record against the spread. Favorites are 6-6 ATS this week.
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The best early games for bettors on Sunday were: the Packers covering the spread in a win over the Washington Football Team, and the Patriots covering in a blowout of the Jets. Those were the two largest decisions of the day “by a wide margin” for BetRivers’ sportsbooks.
“It certainly rare to have three…
Source : espn
