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Super Bowl Betting Recap: Books Win

Super Bowl bettors in Las Vegas wagered a record amount on Sunday’s Denver vs. Seattle Super Bowl.

They also lost a record amount, according to the Nevada Gaming Control Board.

Fans bet $119.4 million at Nevada casinos, more than $20 million more than last year’s record when Baltimore upset San Francisco. The Vegas profit of $19.7 million was also a record.

“It was a marquee battle of offense versus defense and Peyton Manning drove the hype for bettors, who just had to have some action on this game,” said Jack Randall of OddsShark.com.

It was a similar story online, with most sportsbooks reporting major gains. Every sportsbook needed Seattle to win although the consensus was split among sportsbooks on whether they needed the over 47.5 or the under.

Online shop TopBet celebrated the OVER, while Bovada was also cheering for the OVER.

“Despite starting in the hole with another Super Bowl safety, the book bounced back nicely in what was as predicted our highest bet Super Bowl ever,” said Kevin Bradley of Bovada.lv. 

“We saw a steady pace on Denver money for two weeks leading up to the game with some late Seahawks money but we were still big Hawks fans and actually needed the over which is pretty rare for a game of this magnitude where we normally see a lot of public over money.”

He said prop bets accounted for a staggering amount of betting handle (nearly 70%). “It is also the highest we have ever seen with props such as “Omaha” going way under the total of 27.5 working out great for us, but the anthem going well under the 2:25 was not such a great result.”

[ See full list of Super Bowl prop betting results for Super Bowl 48 ]

Before the game was even completed, sportsbooks such as BetDSI had posted Super Bowl 49 futures with Seattle as the favorites.

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