- Vegas Football Betting Online
- Las Vegas Football Betting Lines
- Vegas Football Betting Online
- Vegas Football Betting Line
- Las Vegas Football Betting
- Las Vegas Football Betting Odds
If you are a fan of sports betting you will LOVE Las Vegas. Being the only state in the union that allows legal betting on all of the major individual sports leagues and events, Las Vegas draws thousands of sports bettors year round. Almost all Las Vegas casinos feature a sportsbook and a number of big screen TVs which creates a great sports betting environment.
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Las Vegas odds change quickly and VSiN, The Sports Betting Network, keeps you up-to-date with the latest lines and changes. Use the links above to find the NFL odds as well as the latest odds and betting lines for every sport. The Las Vegas odds set the market for sports betting. LAS VEGAS LINES Wagering on sports has come a long way since the days of the neighborhood bookie. Nevada legalized sports wagering in 1949, becoming the first place in the United States where you can make a legal bet on a sporting match. Nevada sports books take in close to $3 billion in wagers each year.
Although sports betting has one of the lower win percentages for casinos, it still draws millions in revenue for Vegas casinos year round. The most popular sports betting event in Las Vegas is by far the Super Bowl, which draws thousands of sports bettors each February to bet on the big game. Not far behind the Super Bowl is the March Madness college basketball tournament which also draws some big numbers to Vegas to bet on the event.
With the popularity of online sportsbooks increasing there is no doubt that the Las Vegas sportsbooks are losing a little bit of business, but they are always going to bring in some great numbers for casinos. I do my sports betting online daily of course, but I love making a trip down to Vegas to bet on some sports and have some fun, and I know a lot of sports bettors are the same.
Las Vegas Sports Betting Revenue
Vegas Football Betting Online
Below are the numbers that Las Vegas casinos made in revenue from sports betting in 2009:
Overall
Total Amount Bet – $2.4 Billion
Total Casino Win (revenue) – $136.3 Million
Win Percentage (percent of money played that casino kept) – 5.31%
Football
Total Amount Bet – $1.0 Billion
Total Casino Win – $48.6 Million
Win Percentage – 4.45%
Basketball
Total Amount Bet – $802.5 Million
Total Casino Win – $38.2 Million
Win Percentage – 4.76%
Baseball
Total Amount Bet – $488.5 Million
Total Casino Win – $21.4 Million
Win Percentage – 4.38%
Parlay Cards
Total Amount Bet – $58.9 Million
Total Casino Win – $19.2 Million
Win Percentage – 32.57%
Other
Total Amount Bet – $126.0 Million
Total Casino Win – $8.8 Million
Win Percentage – 6.98%
Sportsbooks are huge for Vegas casinos, bringing in $136.3 Million in 2009. The only games which brought in more money were 3 card poker, roulette, craps, baccarat, blackjack, and slot machines. It seems as bettors do well with sports betting as the casino only has a 5.31% win percentage, compared to 11.31% for blackjack, and 12.04% for all table games.
Some Other Revenue Numbers:
From 1984 to 2011 Nevada has done pretty well for themselves…
- Total amount bet on sports in Nevada since 1984: $57,274,051,000 ($57.3 billion)
- Total amount won by Nevada sports books since 1984: $2,613,725,000 ($2.6 billion)
Since 1992 baseball betting has been the most profitable for bettors…
- Average win percentage on football since 1992: 4.53%
- Average win percentage on basketball since 1992: 4.69%
- Average win percentage on baseball since 1992: 3.01%
- Average win percentage on parlays since 1992: 29.71%
- Average win percentage on “other” since 1992: 5.48%
Las Vegas rarely has a losing month when it comes to football, but it does happen. Here is a list of some losing regular season football months for Nevada sports books:
- November 2012: -$5.29 million
- October 2012: -$6.23 million
- November 2010: -$2.48 million
- December 2005: -$3.31 million
- November 2005: -$11.28 million
How To Read Las Vegas Odds Boards
Las Vegas Sportsbooks
Las Vegas Football Betting Lines
• Aria
• Arizona Charlie’s Decatur
• Arizona Charlie’s Boulder
• Bally’s
• Barley’s
• Bellagio
• Bill’s Gamblin’ Hall and Saloon
• Boulder Station
• Buffalo Bill’s
• Caesars Palace
• California
• Casino MonteLago
• Circus Circus
• Ellis Island
• Excalibur
• Fiesta Rancho
• Fiesta Henderson
• Fitzgeralds
• Flamingo
• Fremont
• Gold Coast
• Golden Gate
• Golden Nugget
• Green Valley Ranch
• Hard Rock Hotel Casino
• Harrah’s
• Las Vegas Hilton
• Hooters
• Imperial Palace
• Luxor
• M Resort
• Mandalay Bay
• MGM Grand
• Mirage
• Monte Carlo
• New York-New York
• Orleans
• Palace Station
• Palazzo
• Palms
• Paris
• Planet Hollywood
• Plaza
• Primm Valley
• Railroad Pass
• Red Rock Resort
• The Rampart Casino
• Rio
• Riviera
• Sahara
• Sam’s Town
• Santa Fe Station
• Silverton
• Skyline
• South Point
• Stratosphere
• Suncoast
• Sunset Station
• Texas Station
• Treasure Island
• Tropicana
• Venetian
• Wild Wild West
• Wynn
Resources:
David G. Schwartz. Nevada Sports Betting Totals: 1984-2011. Las Vegas: Center for Gaming
Research, University Libraries, University of Nevada Las Vegas, 2012.
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Vegas Football Betting Online
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