Las vegas oddsmakers are welcoming in spring with open hands. 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 has been more sorrow than celebration for patrons at Las Vegas sportsbooks this March Madness.
With the first week of March Madness within the publications, it absolutely was the oddsmakers in Nevada that played the winning pay the sports bettors.
Using the top-seeded and champion that is defending Wildcats out, along with No. 2 seeds Duke and Louisville, many brackets and wagers were busted. And that’s good news for the home.
Talking with ESPN, Frank Kunovic, director of specialty games for Caesars Entertainment, said, ‘We fundamentally became Caesars Palace federal reserve and had been printing money.’
Vegas was due for a strong run after a 2016 that was full of prediction and recreations chaos that is betting. 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 university football, as well as the ‘Brexit’ vote kept both domestic and international oddsmakers guessing.
While publications in Nevada have largely weathered the storm, the March Madness victory so far is obviously welcomed.
Duke Loss, Vegas Win
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