It doesn’t take a rocket scientist to determine who Las Vegas oddsmakers are rooting for.
Apparently, some people were not betting on the New York Giants to turn it around this year and get to Super Bowl XLVI against the New England Patriots.
Yup, a number of sportsbooks in Las Vegas on the New York Giants winning the Super Bowl at long odds earlier into the season when the Giants were struggling. They were struggling so bad that there were odds as high as 80-to-1.
Jimmy Vaccaro, head of the Lucky’s Race and Sports Book, said in an interview this week that while he took only a few bets that could reap big payoffs for a Giants victory over the New England Patriots, he had heard from other oddsmakers who are at significantly greater risk.
”They got hit pretty hard at the high number,” Vaccaro said. ”If the Giants win this game, it could do some damage out here, there is no doubt. A lot of guys were rooting for San Francisco on Sunday, I can tell you that.”
The concern from oddsmakers has little to do with bettors wagering on the actual game, some say this game may break the Nevada record of $94 million bet on the 2006 Super Bowl between Pittsburgh and Seattle. Rather, the fear is based on what is known as futures betting.
Essentially, futures are the odds that sports books offer…