Sportsbooks in scramble mode after Luck news

Aug 24, 2019 8:01 PM

The stunning announcement Saturday that Andrew Luck was retiring from football sent shockwaves throughout the sportsbook industry.

Oddsmakers all over the country were scrambling to adjust in the wake of the confirmed report that the seven-year veteran would not play quarterback for the Indianapolis Colts.

“We took everything down,” said South Point’s Jimmy Vaccaro Saturday night. “We’ll look at it tomorrow (Sunday). But (Luck) retiring is a six-point difference, maybe more.”

Ed Salmons said the Westgate Las Vegas SuperBook also took all Colts wagers off the board and would re-instate Indianapolis on Sunday with revised odds. Art Manteris said Station Casinos did the same thing after the news broke. 

Also, Circa Sports took Indianapolis’ season-opener against the Los Angeles Chargers on Sept. 8 off the board.  But Circa did accept a couple of wagers on Indianapolis’ season win total at 9.5 under, then lowered it to 8.5 and took a couple of bets there.

CG Technology also briefly stopped taking bets on the Colts. When it recalibrated its numbers, Indianapolis had gone from 18-1 to win the Super Bowl to 40-1 and from 7-1 to 20-1 to win the AFC.

Naturally, the adjustments had a ripple effect. The future book on winning the AFC saw Baltimore go from 22-1 to 16-1, Pittsburgh from 10-1 to 8-1, the New York Jets from 35-1 to 30-1. 

As for the Week 1 opener vs. the Charges, CG installed the Chargers as four-point favorites. But that number didn’t hold. The Chargers quickly went to -6, then -7, then -7.5. Eventually, it went to -9.5.

Vaccaro said he was leery of Luck after he was injured a couple of weeks ago.

“It looked shaky,” he said. “But I never thought he wouldn’t play again.”WHAT’S IN A GT VIP ACCOUNT? Amazing content, analysis, stats, and a digital paper for only 21 cents a day.