“Bloodbath”: Sportsbooks Get Crushed By Minnesota, Oklahoma State

[BleedGopher]

per Darren Rovell:

Bloodbath: This morning we reported that two of the biggest decisions of the day in Vegas would be Minnesota-Northwestern and Oklahoma State-West Virginia. In terms of betting-drama, it did not disappoint.

Northwestern closed as a 16-point underdog to the Gophers, but for most of the week the Wildcats were listed at +13.5. Bettors kept pounding the Golden Gophers, eventually moving the line to -15.5 at 10:30 a.m. ET and then -16 by the time the game started.

The game finished Minnesota 38, Northwestern 22 thanks to a failed “meaningless” two-point conversion by Northwestern with 1:16 left in the fourth quarter. Needless to say, it was a brutal result for Vegas but a great one for the public, as most bettors were able to get in below the closing line.

“Bloodbath,” Circa’s Matt Lindeman said after the game. “To add insult to injury, we took a limit bet on Minnesota -15.5 late. Always fun having mid-five-figure swings come down to completely illogical two-point attempts late in games.”

“16 was a very poor number for it to land on,” William Hill’s Nick Bogdanovich said.

The result wasn’t as bad for the Westgate SuperBook, but John Murray says his shop was also hoping the Wildcats would punch in the two-point try.

“16 was okay for us,” Murray noted. “We came out a little ahead. We really wanted that two-point conversion, but we’ll take it.”

Rovell: Oregon, Miami Losses Provide Relief for Sportsbooks After Brutal Afternoon | The Action Network

Read Darren Rovell's story about the betting market for Week 13 of the college football season including what games are getting big bets and who the sharps are playing.

www.actionnetwork.com

Go Gophers!!

 

[Word]

Gee, I feel so bad for the sportsbooks.

 

[hello-world]

Gee, I feel so bad for the sportsbooks.

Karma for Minnesota missing the line by a missed PAT v. Iowa

 

[Spoofin]

The whole line scenario in this game never made much sense.

 

[happygophersgolucky]

per Darren Rovell:

Bloodbath: This morning we reported that two of the biggest decisions of the day in Vegas would be Minnesota-Northwestern and Oklahoma State-West Virginia. In terms of betting-drama, it did not disappoint.

Northwestern closed as a 16-point underdog to the Gophers, but for most of the week the Wildcats were listed at +13.5. Bettors kept pounding the Golden Gophers, eventually moving the line to -15.5 at 10:30 a.m. ET and then -16 by the time the game started.

The game finished Minnesota 38, Northwestern 22 thanks to a failed “meaningless” two-point conversion by Northwestern with 1:16 left in the fourth quarter. Needless to say, it was a brutal result for Vegas but a great one for the public, as most bettors were able to get in below the closing line.

“Bloodbath,” Circa’s Matt Lindeman said after the game. “To add insult to injury, we took a limit bet on Minnesota -15.5 late. Always fun having mid-five-figure swings come down to completely illogical two-point attempts late in games.”

“16 was a very poor number for it to land on,” William Hill’s Nick Bogdanovich said.

The result wasn’t as bad for the Westgate SuperBook, but John Murray says his shop was also hoping the Wildcats would punch in the two-point try.

“16 was okay for us,” Murray noted. “We came out a little ahead. We really wanted that two-point conversion, but we’ll take it.”

Rovell: Oregon, Miami Losses Provide Relief for Sportsbooks After Brutal Afternoon | The Action Network

Read Darren Rovell's story about the betting market for Week 13 of the college football season including what games are getting big bets and who the sharps are playing.

www.actionnetwork.com

Go Gophers!!

Someone please explain why "sportsbooks get crushed" with any given result. Individual losing bettors, yes, but thought the odds makers adjusted the spreads so that equal amounts are bet both ways. That way they cannot lose. Are the odds makers ("sportsbooks") taking positions as well as English bookies do.

 

[hello-world]

Someone please explain why "sportsbooks get crushed" with any given result. Individual losing bettors, yes, but thought the odds makers adjusted the spreads so that equal amounts are bet both ways. That way they cannot lose. Are the odds makers ("sportsbooks") taking positions as well as English bookies do.

Yes, sports books cannot / do not always balance their books. Bookies have to take positions just like everyone else from time to time.
The whole, 'bookies always set the line where the money is even' thing is a myth.

They got hammered by people on Minnesota last week and I'm sure they knew that was going to happen.

Obviously, if they could always balance their books and just make money on the vig then they would, but there just aren't enough people out there willing to take Northwestern at -16, etc so they end up with a position.