Thursday, May 27, 2010

Super Bowl In NYC To Increase Sports Betting?

Casino Gambling Web reports that having the Super Bowl outdoors in a cold weather venue will lead to increased gambling on the game, particularly with regard to proposition bets. The premise is that the weather will generate more proposition bets regarding the weather, such as temperature, snow, etc. I disagree. The same propositions can be offered for games in warm weather locations, with the proposition temperature being higher and rain being substituted for snow.

The article is correct in predicting that the total points scored over/under level will likely be several points lower and that the point spread may be tighter. The article also mentions that during the two-week betting window before the game, the forecast weather may radically change, putting sportsbooks in jeopardy. This could occur if the game weather forecast moves from inclement to clear and sunny, or vice versa, during the runup to the game. If sportsbooks have taken too much action on a side that would benefit from a weather forecast change, they could be hit hard if even more action on the wrong side for them came in the days right before the game, with no real chance to balance the action.

We won't have to wait long to see if this is true as the 2014 Super Bowl will be in New Jersey, at the stadium for the New York Jets and Giants. If this occurs, will the NFL stop having the Super Bowl outdoor in cold weather locations, or will they continue to stick to their story that for them, it's about the game and not the gambling money? My guess is that if betting is hampered or the sportsbooks lose big, the Super Bowl moves back to warm weather stadiums or indoors.

One of the biggest jokes in sports betting in my opinion is the position of the NFL that it is worried about gambling because of the integrity of the game and that the popularity of the game is solely due to the game itself and not any gambling. The NFL is a great fit for gambling. Do you really think all those Monday night, Thursday night, Sunday night and Saturday night games are scheduled because those games couldn't be played on Sunday? My sentiment is that the NFL and other sports leagues oppose sports betting primarily because they don't get a cut of the money. Some consider fantasy sports gambling and you see all the major US sports leagues having fantasy sports games. Interesting, yes?


Add to Technorati Favorites

No comments: