St. Louis Blues could cost Vegas sportsbooks millions

If the St. Louis Blues win the Stanley Cup Finals, Vegas sportsbooks will be out millions of dollars.

That’s thanks to a unique path to being four wins away from hoisting Lord Stanley’s Cup.

The Blues fell into last place in the entire NHL near New Year’s Day, causing sportsbooks to revise their Stanley Cup odds as high as 300/1.

According to reporting by The Action Network, William Hill, Caesar’s, MGM and South Point all face major futures liability if the Blues finish off their last-to-first adventure.

TAN cited mid-six figure liabilities for MGM and William Hill, and reported that South Point took $1,000 in Blues bets when odds sat at 300/1.

A Caesar’s bettor could turn a $400 wager into $100,000.

“They were dead last and made a magical run,” said William Hill sportsbook director Nick Bogdonavich, according to TAN. “People were on them early in the run and stayed on them and just kept betting them. Hats off to the bettors. They smelled that one pretty good. Once they started betting them the line just kept going down.”

The Blues face the Boston Bruins in the Stanley Cup Finals beginning Monday night.

According to BetOnline, the Bruins are a -165 favorite to win the series, and the Blues are a +145 underdog. Those implied odds add up to roughly 103.1 percent, giving St. Louis a 40.8 percent chance.

So the true odds (taking away the juice) are slightly less than 40 percent, but Vegas sportsbook operators can’t be pleased with that potential.

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