Las vegas oddsmakers are welcoming in springtime with available arms. The NCAA men’s basketball tournament is providing casino sportsbooks with the perfect elixir after a run of 12 months that was filled with underdogs overcoming long odds.
It’s been more sorrow than celebration for patrons at Las Vegas sportsbooks this March Madness.
Aided by the first week of March Madness within the books, it was the oddsmakers in Nevada that played the winning pay the sports bettors.
With the top-seeded and defending champion Villanova Wildcats out, also No. 2 seeds Duke and Louisville, many brackets and wagers happen busted. And that’s good news for the house.
Talking with ESPN, Frank Kunovic, director of specialty games for Caesars Entertainment, said, ‘We basically became Caesars Palace federal reserve and were printing money.’
Vegas was due for a strong pursue a 2016 that was filled up with forecast and recreations betting chaos. The election of Donald Trump, Leicester City winning the Premier League, the Chicago Cubs winning the World Series, Cleveland winning the NBA Finals, Clemson upending Alabama in college football, plus the ‘Brexit’ vote kept both domestic and oddsmakers that are international.
While books in Nevada have largely weathered the storm, the March Madness victory so far is obviously welcomed.
Duke Loss, Vegas Win
The Duke Blue Devils are the Green Bay Packers of college basketball. Each year, s (mais…)