Though the U.S. Men’s National Team (USMNT) qualified for the knockout stage of the World Cup on Tuesday, not everyone wins when America prevails on the soccer pitch. According to Caesars Sportsbook (CZR), the sports betting company paid out a sum in the “seven figures” to Team USA bettors following the match. And if the U.S. were to reach the finals and win it all, sportsbook operators stand to lose even more. “An 8-figure liability staring us in the face is ominous, but I’m not going… Source link
Read More »Why some sportsbooks are rooting against Tiger Woods at the Masters
While many fans might be rooting for a comeback story this weekend as Tiger Woods returns to professional golf for the first time since a severe leg injury 14 months ago, sportsbooks likely aren’t rooting for the movie-esque comeback. All four of the sportsbooks Yahoo Finance collected data from on Thursday listed Tiger Woods as the most bet-on golfer to win the Masters Tournament. BetMGM (MGM) listed Woods as one of the sportsbooks’ biggest “liabilities” prior to the… Source link
Read More »Nevada sportsbooks net record Super Bowl haul
The legalization of sports betting across the country didn’t stop people from wagering a record amount of money on the Super Bowl this year. Nevada’s Gaming Control Board said Monday that nearly $180 million was wagered on the Los Angeles Rams’ 23-20 win over the Cincinnati Bengals. The $179.8 million wagered is a state record and easily eclipses the previous record set four years ago. The 2022 Super Bowl was essentially the first mainstream sports betting Super Bowl in American history…. Source link
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