Bad Monday night result could really bury books off parlays

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Everyone loves leftover Turkey for sandwiches after Thanksgiving and sometimes lasagna even tastes better the next day, but in the sport book business, leftovers are about as sour a taste as there is during a football season. 

On Sunday, sports book directors across Las Vegas had a refrigerator full of leftovers from Saturday. Bettors had shredded the books with most of the top-10 ranked college football teams covering, sending the books to their worst day of the football season, both college and pro.

The impact of those games didn’t end Saturday when the final game was posted. Large parlays were just simmering for a few hours waiting for a few public favorites Sunday to cash in six, seven, eight and even 10-team parlays.

The books needed the Panthers, Rams, Redskins and Buccaneers to cover during the first eight games of the early session to wipe out a large portion of all the Saturday leftovers. Just the Redskins did.

“It’s a little rough right now,” LVH Super Book vice-president Jay Kornegay said late Sunday afternoon after the first 10 games had posted. “We had a lot of liability left over in parlays from Saturday that carried over into today. We felt like we were in a hole before the day even started.”

That hole would get even bigger for the books as the day went on. 

Not only were the books losing the final legs of parlays that started Saturday, but getting pummeled on game day wagers. 

Kornegay didn’t have some of the parlay card exposure at his book like some of the local properties did, but enough damage was done off the board at LVH to make the public’s presence felt.

There were a few reports elsewhere of 10-team parlays at 800-to-1 odds cashing with seven to eight games in the bag from Saturday’s popular games that rolled into the Saints, Packers and Texans on Sunday. 

The favorites went 6-2 against-the-spread early on and it was the way that some of the games ended that had the books knowing Sunday wasn’t going to have a happy ending.

“The Cowboys game was disappointing,” Kornegay said. “A 2-point win would have been good for us, but the late field goal kind of went in line with the rest of the day.”

The biggest blow came when the Saints beat the Buccaneers 35-28 as 1½-point favorites, even though there was some sharp money on the Bucs. The Saints game was the last of the eight early matchups to be posted and a massive loss after all the parlays had been calculated.

There were only two afternoon games, which could have been a recipe for disaster because of so few options for bettors to choose from, but both went the books way with the Jets covering – but losing 29-26 – at New England, and the Jaguars covering 6 at Oakland in a 26-23 loss.

The good news for the sports books was the Jets wiped away every existing teaser on the day and also killed a huge lingering pot of parlays that were waiting for the Patriots to win by 11 to cash. The bad news is the day would get worse.

“We needed the Bengals,” Korne­gay said just before kickoff of the Sunday night game. “If they don’t cover, I don’t even want to look at the Monday night risk on the Bears-Lions game where all four scenarios (favorite-over, favorite-under, dog-over, dog-under) are going to be losers.”

The Steelers won 24-17 and capped the day as a big winner for the public. But this weekend still isn’t done because of the Monday night game when anything leftover from Saturday and Sunday will be paid out. With huge parlay payout odds ready to pop, there isn’t much a sports book can do other than prepare their bosses for another losing day so they’re not startled on Tuesday morning.

Chalk one up for the public for a job well done. Their big day was inevitable as things always cycle around, but it was starting to look bleak. However, they stayed the course and were finally rewarded with a big day. You can quit while your ahead, but public has a long way to go this season before that happens.

LVH Games of the Year

I love how the crew at LVH has been updating their college games of the year all season. We saw Alabama as high as 8½ last week for their Nov. 3 showdown at LSU. This week it’s down to 6½.

Oregon is still -2½ for its Nov. 3 road game at USC and also 17-point favorites for upcoming games against Cal and Stanford.

On Nov. 24 we have a bunch of huge games with Ohio State -4½ at home against Michigan, Florida State 3½-point home favorites against Florida and USC -6 at home against Notre Dame.

Rodeo Kings

Jay Rood has been offering odds on the PBR at MGM Resort sports books for as long as I can remember. The PBR welcomed the odds, actually sending public relations material and offering insider help to talk with Rood and current Aria supervisor Marcus Hurd so they put up solid numbers.

Hurd, from Lubbock, Texas, had long been a rodeo fan growing up with it, and it fell in line with several of the odds they offered on events taking place at their arena’s like SuperCross, odds that no one else in town was offering.

However, the one thing always missing was the National Finals Rodeo. For some reason the NFR had always asked Las Vegas not to book odds on their events and every sports book obliged. But rumor has it that the NFR has opened their arms up a little bit to the gambling aspect, the same way NHRA drag racing has when they come to town twice a year, including this week.

With the NFR’s approval, odds to win all-around cowboy will be a massive wagering event. The cowboys who roll through Vegas in December aren’t your run of the mill honkey-tonkers with a couple of single dollar bills in their front pocket looking for bargains. They come strapped with endless loads of cash and every intention of gambling it in some form with their win-loss determined by the end of the 10-day event.

The only problem is getting them to know wagering is available since they’ve been trained for almost two decades that there are no odds offered on the NFR. Somehow, I have to believe news will spread quickly within their circles that wagers can be made.

Slam field complete

The LVH is offering odds on the PGA Grand Slam of Golf, which will be played Tuesday and Wednesday in Bermuda. The event is normally reserved for the winners of the four Grand Slam events held during the year.

Masters champ Bubba Watson and U.S. Open winner Webb Simpson are co-favorites at 5-2 along with Keegan Bradley, who replaced the injured British Open titlist Ernie Els (sprained ankle).

Padraig Harrington, subbing for PGA champion Rory McIlroy, is listed at 3-1.

Micah Roberts is a former Las Vegas race and sports book director, and longtime motorsports columnist and sports analyst at GamingToday. Contact Micah at [email protected].

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