The Venetian has adopted a 15-cent
baseball line as a way of providing the house with more flexibility to move a
line and raise its earning power.
The Vegas books use a 10-cent line for
each game. Offshore goes with a 20-cent line, which can be
a disadvantage for using
this sports betting method.
At the V, Rob Akers, race and sports
director for the stellar manager Jamie Shea, opted to raise the normal baseball
line from 10 to 15 as a way of allowing some profit for the house during the
off-season between football and March Madness. Baseball has a win
percentage of about 1 percent, the lowest of any sport. Most books show a
bottom line loss in baseball. Oh, it’s true.
definitely was done to generate volume,” Akers said. “To go lower than 10
cents would create a situation where the house could get middled.”
Casinos and the new Wildfire book are using
parlays and lower lines in order to ignite baseball interest, but Akers
believes the innovations are too risky for the house.
“The five-cent line opens the door
for casinos to be scalped by unsteady lines that create the strong possibility
of getting middled,” he said. “The house would be doing well by just
breaking even. It’s a real coup for bettors. What Wildfire is doing is
interesting, even if its five-cent promotion is just for a few hours.”
Venetian is also sending a strong
message to off-shore books, who continue to try and ing to lure customers away
from Las Vegas.
“People are willing to deal with the
20-cent line for the sake of convenience,” Akers said. “If I were a big
bettor I would go off-shore. Of course, the big problem is whether the book you
are dealing with is reputable. At the Venetian we can guarantee that, and at a
lesser price, with immediate payoffs.”