2012 brings more losses in wild NFL for Vegas books

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The sports books were happy to see 2011 go away, but the first Sunday in 2012 turned out to be much of the same, another break even or losing day.

Favorites went only 8-8 ATS on the day with five underdogs winning outright, but the entire day hinged on the Giants-Cowboys game where the public happily laid -3 and got paid with the Giants 31-14 win.

“Everyone jumped on the Giants,” said MGM resorts VP of race and sports Jay Rood. “I couldn’t get any Cowboys money and with it being the last game of the day, all the parlay risk from the early games made it a pretty substantial decision for us.”

The public also did well with the Ravens winning and covering at Cincinnati and the Patriots smoking the Bills. Buffalo jumped out to a 21-0 lead on New England and if you had a ticket on the Pats, it may have found its way to the garbage early.

This was an important game for the Patriots to secure home field and no one expected Buffalo to win as evident by hardly anyone betting them.

“It was a pretty one-sided bet game, all Patriots money,” said Rood.

And then the comeback came. One touchdown after another by the Patriots until they reeled off 49 unanswered points to win 49-21. It was a pretty impressive performance by the team favored to represent the AFC in the Super Bowl.

“That’s pretty much how the season has gone for us,” said Rood. “We’ve had maybe half-a-dozen winning weeks this season.”

The final tally on the year has favorites going 122-126-6 with the bettors getting the best of the sports books in about 10 of the 17 weeks, almost the complete opposite of 2010 when the sports books rolled strong.

Everything cycles around so that should mean the books are in store for a great playoffs and a winning Super Bowl. The Packers hurt just about every sports book in town last year all the way through the playoffs and Super Bowl.

Lost Ticket

For all my years behind the counter I never could understand how so many people lost their tickets. Most of the time, it was the same people who routinely lost winning tickets. I would tell them to treat the ticket like cash and handle with care.

If someone finds the ticket and cashes it, it’s gone and nothing can be done.

For the first time, I found myself in need of help and understanding from the book as I stupidly lost a ticket. I felt so embarrassed and ashamed to have to fill out a lost ticket claim, but was treated with much more respect than expected.

Kitt Langvad, manager of the Arizona Charlie’s West book and her supervisor Terry, found my lost winning Breeder’s Cup ticket, locked it out and never once treated me like I was a dummy. So I just wanted to thank them for the way they handled the situation.

I also wanted to let bettors who may not know that if you lose a ticket, there still is a chance you can get paid. If you find yourself in the situation, go to the supervisor and request to fill out a lost ticket claim form.

Put all the details of the bet, amount, date, time and what window you remember betting from. If you have another ticket bet from the same sequence (winner or loser), you can include that as well because it helps find the ticket faster.

As long as it hasn’t been cashed by the lucky finder, the ticket can be locked out and after a wait of 60 to 90 days you can collect. Should the finder of the ticket come in and attempt to cash while the ticket is locked and say the ticket is his, then Gaming will get involved and hear both stories.

If the finder admits to having found the ticket, he loses immediately. If the finder says he bet the ticket himself, then surveillance will tell the truth. In most cases, the finder of the lost ticket never wins.

Treasures at TI

The NTRA National Handicapping Championship will be held at Treasure Island on Jan. 27-28 with $1 million in cash given away for those who pick the ponies the best.

If you’d like to get in on some the cash, you still have a last chance to get in by competing in their Jan. 25 event with an entry fee of $500. Contestants can enter a maximum of four times.

 

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