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Old 02-06-2002, 05:43 PM
frog frog is offline
Join Date: Jul 2000
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Default Nevada sports books post low Super Bowl win

Nevada sports books post low Super Bowl win
Feb. 5, 2002 wire reports

LAS VEGAS -- More than $71.5 million was wagered on the Super Bowl in Nevada's 151 sports books, with little of the money staying there.

Sports books operators kept only $3.30 for every $100 wagered. The 3.3 percent hold was the lowest percentage since 1998.

"Unaudited figures show a sports book win of $2,331,607 was recorded on wagers totaling $71,513,304," state Gaming Control Board chairman Dennis Neilander said Tuesday.

Despite more money being bet than in 2001, this year's sports books' win was way down as the New England Patriots upset the St. Louis Rams.

Last year, sports books kept more than $11 million out of the $67.6 million wagered.

In 2001, sports book operators kept $16.30 for every $100 wagered, giving them their highest win total and percentage since the state began record-keeping in 1991.

The most money ever bet in Nevada on a Super Bowl was in 1998, when gamblers wagered about $77.2 million in legal books. But it was not a lucky game for bookmakers, who kept just $472,033, a 0.6 percent win.

Bookmakers lost $396,673 -- minus 0.6 percent -- in 1995, the only year bettors beat the bookmakers, state records show.

This year's 20-17 victory by Patriots took oddsmakers by surprise.

Although the Rams were the early favorite, many gamblers favored the Patriots as 14-point underdogs over the weekend when most of the Super Bowl money is bet.

"Any time the underdog wins the game straight up, more players did well than not," said Bally's-Paris Las Vegas Race and Sports Book director John Avello, adding that the money line opened up paying 5-1 on the Patriots.

The Associated Press News Service

Copyright 2002, The Associated Press, All Rights Reserved
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