Weekend Sportsbook Report
Scott Morris | November 27, 2018
Sports betting happens all through the week. But in America, during football season, 75% of all bets are placed on the weekend football games. We try to give our readers some insight as to how the public fared vs the sportsbooks when the weekend is over.
Usually the house wins or its more or less a break even week. However, this week went to the players. As head linesmakers George from offshore sportsbook Youwager.eu wrote to us: “This week was a players week. We lost Monday, we lost Thursday and Friday. Saturday was the one shinning day for the house. Broke even Sunday. ATC on a lot of NFL games this week. Denver beating Pittsburgh was our big game. Big loser for the week was Patriots crushing the Jets.”
You hear “the house always wins”. Although that may be true in the long run, it isn’t necessarily true week to week or even month to month. Also, if a sportsbook is run badly then it can lose money consistently.
As we have said before, sports betting makes up just a small fraction of the overall gambling profit. For instance, check out this tweet, where you can see that sports betting profit makes up only 1/10 of what penny slots makes.
Nevada casino net win in October:
Blackjack $125.4 million
Craps $31.7 million
Roulette $40.4 million
Baccarat $76.2 million
Sports $29.5 million
Penny slots $300.8 million
[Source: Nevada Gaming Control]— David Payne Purdum (@DavidPurdum) November 27, 2018
