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Penn State off the board in Vegas

The NCAA delivered the hammer to embattled Penn State on Monday, placing the Nittany Lions on four years of probation (including a four-year postseason ban), significantly reducing scholarships, and levying a $60 million fine on the program.

The Las Vegas Hotel & Casino SuperBook took Penn State off the betting board on Sunday ahead of the announcement, but not before a few bettors had wagered on the Nittany Lions to win the national title.

The SuperBook took 10 bets on the Nittany Lions at 100/1 and 500/1, according to sportsbook manager Jeff Sherman. All bets are action at the SuperBook, even though Penn State is not eligible to compete in the Big Ten Conference Championship Game or the BCS title game.


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The situation was the same at Wynn sportsbook, where manager John Avello also had taken Penn State off the board.


"Because Penn State is such a popular team, we have taken some bets on them [to win BCS title]," Avello said in an email to OddsShark.com.

Penn State was still on the board at most online sportsbooks as of Monday including 5Dimes, which listed the Nittany Lions at 300/1 to win the BCS National Championship and at 13/1 to win the the Big Ten. 5Dimes took Penn State's season win total, which was set at seven, off the board Monday.

Penn State will vacate all wins from 1998 to 2011 under coach Joe Paterno, who is no longer the winningest coach in NCAA history.