dslreports logo
site
 
    All Forums Hot Topics Gallery
spc

spacer




how-to block ads


Search Topic:
uniqs
8
share rss forum feed


Lone Wolf
Ready For Retirement
Premium
join:2001-12-30
USA
kudos:1
Reviews:
·Verizon Online DSL
reply to AB

Re: [NFL] Week 3 Games Discussion

said by AB:

said by Lone Wolf:

. . the mob Vegas boys lost $300,000,000 because of the bad call on MNF.

A completely incorrect characterization of events.

In your opinion, of course.

There was a $300,000,000 swing rather than a $300,000,000 loss in truth. The bettors lost $150,000,000 and the bookies won $150,000,000.

I read elsewhere that there may have been up to $1,000,000,000 that changed hands.

All I know for a fact is that the bookies and sportsbooks were very happy with the outcome as were Seattle fans and Seattle bettors.

Hope that clears it up for you.

The last time I gambled I lost $100 when I bet Ronald Reagan would lose to Jimmy Carter. Haven't placed a bet since and never will.


AB
Premium
join:2006-04-04
Leesburg, VA
kudos:3

said by Lone Wolf:

said by AB:

said by Lone Wolf:

. . the mob Vegas boys lost $300,000,000 because of the bad call on MNF.

A completely incorrect characterization of events.

In your opinion, of course.

There was a $300,000,000 swing rather than a $300,000,000 loss in truth. The bettors lost $150,000,000 and the bookies won $150,000,000.

Here's the quote you refer to:

quote:
Gambling expert RJ Bell of Las Vegas-based Pregame.com said an estimated two-thirds of bets worldwide were on the Packers, with about $150 million more bet on Green Bay than Seattle.

''Due to one call by the replacement refs, the bettors lost $150 million, and the bookie won $150 million for a total swing of $300 million on one debatably bad call,'' Bell said.
I have no idea what happened "worldwide", nor do I have any idea why Mr. Bell would imagine he does.

But you do understand how a legal Las Vegas sports book works, don't you? They make adjustments in the line as necessary to ensure there's an equal amount of money bet on both sides. They then pay off the winners bets with the losers bets, while also giving the winners their 10% commission or 'vigorish' back. The losers 10% commission is retained by the sports book, giving the sports book a 5% profit on the total amount wagered between both sides. They don't "gamble", they merely provide a booking service.

How Mr. Bell might determine that illegal bookmakers "worldwide" (read: not legal bookmakers within Las Vegas) won or lost any specific amount of money, I would have no earthly idea. Nor does the story say how Mr. Bell managed to come up with that figure.

Your interpretation that 'mob guys' in legal Las Vegas sports book establishments lost 300 million on the game is incorrect.


fatness
subtle
Premium,ex-mod 01-13
join:2000-11-17
fishing
kudos:14
reply to Lone Wolf

said by Lone Wolf:

The union Zebras will be back soon because the mob Vegas boys lost $300,000,000 because of the bad call on MNF.

said by Lone Wolf:

There was a $300,000,000 swing rather than a $300,000,000 loss in truth.

Thank you for clearing up that mistake.
--
my pants are parched and thirsty