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Online Sportsbooks Lose Big From Recent NFL Upsets

Jan 18, 2017
bookies losing money

Lucky bets?

A pair of recent NFL upsets courtesy of the Packers and Steelers has reportedly cost many online sportsbooks a large amount of money.

ESPN: Nevada sportsbook suffered worst losses in 5-year history

According to ESPN, William Hill, one of Nevada’s largest sports betting operators, suffered the worst losses in their 5-year history. The Saturday before the game the favorites were up 6-0, but on Sunday the Nevada gamblers decided to made gambling news and go with the underdogs.

Bill Sattler, director of specialty games at Caesars Entertainment, commented on the football gambling results by stating “Seemed like a blue-collar betting day with public parlaying, teasing and pounding money lines on Packers and Steelers. We salvaged the under in [the] late game, but another solid week for the public.”

Nevada Sportsbooks won a total of $73.64 on football (NFL and collegiate) in September, October, and November.

How many NFL games remain in the season?

There are only four teams left in this NFL season. The 2017 NFL Conference Championships will go down this Sunday, and some NFL betting experts are predicting we may see more crazy gambling results from the game.

The Patriots and Falcons are the NFL betting favorites to win their respective games, but as we saw last week, anything is possible in the NFL. Who will you bet on?

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Categories: sportsbook