On the same day, Caesars Sportsbook reported taking a total of $5,000 on two bets on Dolphins quarterback Tua Tagovailoa to win MVP at 75-1 and 60-1. According to BetMGM, a bettor put $900,000 on Miami to win more than 7.5 games at -250 odds, $100,000 on the Fins to make the playoffs at +135 and $10,000 on them to win the Super Bowl at 40-1. $2 million: Multiple sportsbooks reported taking big bets on the Dolphins from a bettor in Tennessee on Wednesday. The bet would pay a net $1 million if the Jets win it all. $1 million: One of the very first bets Caesars Sportsbook took when it posted its odds to win Super Bowl LVII in January was $5,000 on the Jets at 200-1. $10,000 on the Buccaneers (40-1) to win a net $400,000ġ8%: The Bills, the consensus favorites, have attracted 18% of the total money wagered on DraftKings' odds to win the Super Bowl, more than double any other team. Other teams that attracted five-figure Super Bowl wagers this offseason at Caesars Sportsbook include: $20,000: The largest Super Bowl bet by amount risked that Caesars Sportsbook accepted during the offseason was $20,000 on the Bills at 13-2 with a potential net win of $130,000. "Usually when you just get just a few underdogs to come in, that's almost going to make your week."
"We've seen underdogs winning more games straight up than they have in recent years, so that definitely helps when it comes to money-line parlays and teasers," Pullen said. Pullen believes the amount typically wagered on underdogs is increasing, but he still estimates there is more money on the favorites in 85% to 90% of NFL games.īookmakers pay to attention weekly to the liability that builds up on money-line parlays, which have become increasingly popular in recent years and often are loaded with heavy favorites. "The sharp bettors are a different animal, but the public just loves to bet the favorites." when underdogs win, that's usually good for the house," said Adam Pullen, a veteran Las Vegas bookmaker with Caesars Sportsbook. "I think I can speak for most bookmakers. Nevada sportsbooks have set all-time records for amount won on football in three of the past four years. Since that 2018 Supreme Court decision, NFL underdogs have covered the spread in 53.6% of regular-season games.
Supreme Court that jump-started widespread legal sports betting in the country. Underdogs started getting hot the following season, which, conveniently for those wily bookies, coincided with a ruling by the U.S. In 2017, favorites covered the spread in 54.4% of games, the second-highest mark in the past 20 years. ET, ESPN2) that aims to better serve the millions of sports fans who participate in sports wagering and help educate general sports fans with in-depth analysis. There had been no upsets that large in the previous 22 seasons, according to ESPN Stats & Information.Ī daily sports betting news and information show (6-7 p.m.
(The first-ever Week 18 featured six upsets, but even without those, 2021 was one of only five regular seasons in the past 20 years to feature 90-plus outright upsets.)Ģ021 was the fourth straight season with at least one underdog of 15 points or more winning straight up. The underdogs' winning percentage was tied for the highest in the past 15 seasons, and the 99 upsets were the most since 2006. Underdogs pulled 99 outright upsets last year, winning nearly 37% of games during last year's 18-week regular season. Underdogs have covered the spread in more games than favorites in four consecutive regular seasons. That sly grin your bookmaker has had during recent football seasons can be traced to an impressive run by NFL underdogs, who have been increasingly covering the spread and springing outright upsets during one of the worst stretches for betting favorites in the past 20 years:
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