Super Bowl XLIX has concluded with the New England Patriots winning their fourth Vince Lombardi trophy. The 28-24 victory over Seattle resulted in a four-way teaser victory for many bettors.
The parlay of New England and the OVER also cashed. That means for many sports books there was a less than ideal finish to the NFL season as the books were weighed down with public action in the form of teasers and with parlays with each team linked to the OVER. The majority of books will most likely end up on top but only with a very small win.
Last season’s Super Bowl set a new record for the handle with $119 million and it seems that will be surpassed due to a flood of betting in Vegas prior to the kick off on Sunday.
Sites such as Bovada and sportsbook.com lost teasers as well as parlays, but were able to make up from their futures, props and parlay cards to put them in the black.
As has become customary, the public bettor took the OVER and this time get the better of sharp money, most of whom were on the UNDER. According to topbet and betonline, the total before kickoff was hovering at 47 to 47.5.
The worst case scenario for the books was New England and the OVER but even though that took place, the 350 props helped them to a win.
The three yard TD pass from Tom Brady to wide receiver Julian Edelman with only 2:02 remaining combined with the Malcolm Brown interception at the goal line with only 26 seconds remaining in the game sent backers of the Patriots cashing their tickets.
Not all books were able to come out as winners however. Some took a large amount of action on the Patriots thus the day was not as good for them and even after the props and futures were factored into the equation, the day ended in the red.
One Vegas bookmaker always has higher wagers than others and said it took in one wager of seven figures on New England with a number of others of six figures. With bets of that size, the impact of parlays, teasers and props are minimized.
Many of the books were hurt with the interception by New England to end the game and prevent Seattle from scoring and winning. A win by Seattle and the OVER would have give the books a much better day since the majority of money was on the Pats.
Despite the parlays and teasers hitting the books hard, the intense betting on prop bets means bookmakers will likely come out overall on top.