$400 bet on Kansas City Chiefs may have inspired winOctober 04, 2011 3:00 AM by Mark Mayer
Last week a person at the Grand Sierra in Reno wagered $400 at 500-1 odds that the Kansas City Chiefs would win the Super Bowl. At that time, the Chiefs were 0-3 and that person’s undeniable optimism would have been defined as genuine "chutzpah," $200,000 worth.
One week later, the Chiefs are now 1-3 after defeating the winless Minnesota Vikings. That said, we have not heard of a rush to the windows for futures bets on the Chiefs.
Through three games, KC was outscored 129-27. This week the Chiefs are 2-point underdogs at Indianapolis, which has a short week coming off the Monday nighter with Tampa Bay.
Taking the "glass half full" instead of "half-empty" view, KC could be 2-2 heading to the bye week. However, the next home game at Arrowhead is not until Oct. 31.
The Nevada Supreme Court has denied an appeal by a high roller accused of failing to pay $384,000 in gambling debts to four Las Vegas casinos.
Iowa racing officials are reviewing a recommended plan to distribute $72 million settlement related to the end of greyhound racing in Council Bluffs. Half of the money would support the Iowa Greyhound Association’s operation of the Dubuque track.
A New Mexico legislative committee threw its support behind a new gambling compact between the state and Native American tribes. The revamped gambling compact would let tribal casinos stay open around the clock and offer complimentary food and lodging.
Deadwood gambling advocates were jubilant that a yearlong push to allow three new games in the historic outlaw town is finally coming to a close. The state House voted 46-22 to approve the proposal to allow keno, craps and roulette.
As Florida lawmakers appear ready to allow key portions of the state’s high-stakes gambling deal with the Seminole to expire, other gambling interests are watching keenly for openings in the multi-billion dollar industry.