Vegas Sportsbook Nfl

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• Las Vegas Sportsbook Betting Lines
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• Las Vegas Sportsbook Nfl Odds

If you are a fan of sports betting you will LOVE Las Vegas. Being the only state in the union that allows legal betting on all of the major individual sports leagues and events, Las Vegas draws thousands of sports bettors year round. Almost all Las Vegas casinos feature a sportsbook and a number of big screen TVs which creates a great sports betting environment.

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Sports betting became legal in Virginia in April 2020. Legal sports betting falls under the Virginia Lottery Board’s control, which anticipates going live in 2021. Initially, only online sportsbooks will operate; however, the Board has earmarked six cities to develop casino complexes in the future. The Records are updated Live on the NFL Standings after each game concludes. While it doesn't happen often in the NFL because of overtime, Ties do occur and that always changes up the percent and NFL Standings. After the first four columns, the next two fields are the PF and PA. PF - Points For or Points Scored PA - Points Against or Points Allowed.

Although sports betting has one of the lower win percentages for casinos, it still draws millions in revenue for Vegas casinos year round. The most popular sports betting event in Las Vegas is by far the Super Bowl, which draws thousands of sports bettors each February to bet on the big game. Not far behind the Super Bowl is the March Madness college basketball tournament which also draws some big numbers to Vegas to bet on the event.

With the popularity of online sportsbooks increasing there is no doubt that the Las Vegas sportsbooks are losing a little bit of business, but they are always going to bring in some great numbers for casinos. I do my sports betting online daily of course, but I love making a trip down to Vegas to bet on some sports and have some fun, and I know a lot of sports bettors are the same.

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Las Vegas Sports Betting Revenue

Below are the numbers that Las Vegas casinos made in revenue from sports betting in 2009:

Overall

Total Amount Bet – $2.4 Billion
Total Casino Win (revenue) – $136.3 Million
Win Percentage (percent of money played that casino kept) – 5.31%

Football

Total Amount Bet – $1.0 Billion
Total Casino Win – $48.6 Million
Win Percentage – 4.45%

Basketball

Total Amount Bet – $802.5 Million
Total Casino Win – $38.2 Million
Win Percentage – 4.76%

Baseball

Total Amount Bet – $488.5 Million
Total Casino Win – $21.4 Million
Win Percentage – 4.38%

Parlay Cards

Total Amount Bet – $58.9 Million
Total Casino Win – $19.2 Million
Win Percentage – 32.57%

Other

Total Amount Bet – $126.0 Million
Total Casino Win – $8.8 Million
Win Percentage – 6.98%

Sportsbooks are huge for Vegas casinos, bringing in $136.3 Million in 2009. The only games which brought in more money were 3 card poker, roulette, craps, baccarat, blackjack, and slot machines. It seems as bettors do well with sports betting as the casino only has a 5.31% win percentage, compared to 11.31% for blackjack, and 12.04% for all table games.

Some Other Revenue Numbers:

From 1984 to 2011 Nevada has done pretty well for themselves…

• Total amount bet on sports in Nevada since 1984: $57,274,051,000 ($57.3 billion)
• Total amount won by Nevada sports books since 1984: $2,613,725,000 ($2.6 billion)

Since 1992 baseball betting has been the most profitable for bettors…

• Average win percentage on football since 1992: 4.53%
• Average win percentage on basketball since 1992: 4.69%
• Average win percentage on baseball since 1992: 3.01%
• Average win percentage on parlays since 1992: 29.71%
• Average win percentage on “other” since 1992: 5.48%

Las Vegas Sportsbook Betting Lines

Las Vegas rarely has a losing month when it comes to football, but it does happen. Here is a list of some losing regular season football months for Nevada sports books:

• November 2012: -$5.29 million
• October 2012: -$6.23 million
• November 2010: -$2.48 million
• December 2005: -$3.31 million
• November 2005: -$11.28 million

How To Read Las Vegas Odds Boards

Las Vegas Sportsbooks

• Aria
• Arizona Charlie’s Decatur
• Arizona Charlie’s Boulder
• Bally’s
• Barley’s
• Bellagio
• Bill’s Gamblin’ Hall and Saloon
• Boulder Station
• Buffalo Bill’s
• Caesars Palace
• California
• Casino MonteLago
• Circus Circus
• Ellis Island
• Excalibur
• Fiesta Rancho
• Fiesta Henderson
• Fitzgeralds
• Flamingo
• Fremont
• Gold Coast
• Golden Gate
• Golden Nugget
• Green Valley Ranch
• Hard Rock Hotel Casino
• Harrah’s
• Las Vegas Hilton
• Hooters
• Imperial Palace
• Luxor
• M Resort
• Mandalay Bay
• MGM Grand
• Mirage
• Monte Carlo
• New York-New York
• Orleans
• Palace Station
• Palazzo
• Palms
• Paris
• Planet Hollywood
• Plaza
• Primm Valley
• Railroad Pass
• Red Rock Resort
• The Rampart Casino
• Rio
• Riviera
• Sahara
• Sam’s Town
• Santa Fe Station
• Silverton
• Skyline
• South Point
• Stratosphere
• Suncoast
• Sunset Station
• Texas Station
• Treasure Island
• Tropicana
• Venetian
• Wild Wild West
• Wynn

Resources:
David G. Schwartz. Nevada Sports Betting Totals: 1984-2011. Las Vegas: Center for Gaming
Research, University Libraries, University of Nevada Las Vegas, 2012.

Westgate expects robust in-person turnout

The National Football League (NFL) season has begun and with it begins the most important sports betting season on the calendar. Naturally, Las Vegas sportsbooks – and all sportsbooks around the country, for that matter – are excited for Sunday’s first full slate of games.

John Murray, executive director of the famed Westgate Las Vegas SuperBook, told the Las Vegas Sun that even with the COVID-19 pandemic and related safety precautions, he expects a strong turnout on Sunday. He said that his facility’s traffic for last weekend’s Kentucky Derby exceeded his expectations.

sports betting has always been one of those things that’s recession-proof”

“Sports betting has always been one of those things that’s recession-proof, if you want to call what we’re in a recession,” Murray said.

Despite his optimism, Murray understands that the sportsbooks won’t be as full on football weekends this year because of the pandemic. Not only do social distancing requirements mean that not as many people can fit into the space, but Las Vegas tourism numbers are also down. The rise of online betting doesn’t help in-person attendance, either.

“….I think people are a little less likely to come down here with everything that’s going on,” he added. “It’s just so easy to bet on a mobile device.”

Chiefs favorites, but Buccaneers most popular

The season opener was already played on Thursday night, as the defending Super Bowl Champion Kansas City Chiefs beat the Houston Texans, 34-20. Looking at the futures market before the first game, the Chiefs are the favorites to win Super Bowl LV at 6-1. Depending on the sportsbook, the Baltimore Ravens are either tied at 6-1 or just behind, followed by the San Francisco 49ers at 7.5-1, the New Orleans Saints at 12-1, and the Tampa Bay Buccaneers at 12-1.

Even though the Buccaneers are not the favorites, they have been the most popular team for bettors. William Hill reports that 8% of its futures bets have come in on Tampa Bay, followed by Kansas City and San Francisco at 7%. The Raiders are also a popular pick at 6%, despite being 60-1 to win it all, almost certainly because this is their first year playing in Las Vegas.

Referring to the Buccaneers, William Hill’s Nick Bogdanovich said, “I’m sure we’ll be rooting against them most weeks, that’s for sure.”

Murray added that the New England Patriots have not been as popular in futures betting, likely because of Tom Brady’s departure.

Fewer NFL bettors expected versus 2019

Though sportsbook operators are excited for the NFL season, fewer people are expected to bet on NFL games this season, according to a report published by the American Gaming Association (AGA). The AGA estimates that 33.2 million people will place a bet on an NFL game, compared to 38 million last season.

Vegas Sportsbook Nfl Win Totals

As one would assume, the numbers at brick-and-mortar sportsbooks are expected to decrease, from 6.8 million people betting in person to 6.6 million people. Online, whether legally or illegally, is expected to rise, from 11 million people placing bets at internet sportsbooks to 11.3 million people.

this data highlights the need for educational efforts to drive bettors away from illegal operators”

Las Vegas Sportsbook Nfl Odds

The AGA also forecasts that more people will place bets with a bookie than last year, from 4.6 million to 6 million. Plus, more than half who place most of their bets illegally don’t even realize the operator is not legal.

“….this data highlights the need for educational efforts to drive bettors away from illegal operators and toward the legal market,” the AGA says, “which protects consumers and the integrity of games.”