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$400 bet on Kansas City Chiefs may have inspired win

October 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.

 

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When is it wise to blindly take the visiting team regardless of who’s playing? It’s when the home team is coming off a road game the day before and facing a team that’s had one to three days rest.

Two New Jersey congressmen are renewing their efforts to allow sports betting in the state. Democrat Frank Pallone Jr. and Republican Frank LoBiondo introduced bills last week taking two different approaches toward the same goal.

International Game Technology (IGT) reported fiscal first-quarter earnings of $35 million. On a per-share basis, the Las Vegas-based company said it had net income of 14 cents. Earnings, adjusted for one-time gains and costs, were 19 cents per share.

We asked the bookies who they thought would be dominant in the books. Take a look!

Remembering... | Installment 4 in Gaming Today’s look back at 40 years of service takes us to the last week in January of 2005. 

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