Super Bowl LVII notable bets

Caesars Sportsbook’s 22-page Super Bowl betting menu was created by more than a dozen bookmakers over pizza and wings at a clerk’s house in Las Vegas last Monday night.

Approximately 60% of the odds of more than 2,000 different betting options for Sunday’s game between the Kansas City Chiefs and the Philadelphia Eagles were settled during the five-hour meeting at the residence of Adam Pullen, Assistant Commercial Director of Caesars Sportsbook, a Super Bowl Prop Odds veteran. created.

what will be more The yards from the longest field goal or total points. The over/under in third-down conversions is 10.5, with the over being preferred. Will a fumble be lost in the second half plus overtime? The “No” is a minor favorite. Will there be overtime? You can come up about 9-1 on the yes, while Caesars charges bettors $5,000 for a chance of winning $100 if you don’t bet on overtime.

Eventually, in states that allow it, the over/under length of the national anthem will be released, along with the color of Gatorade thrown at the winning trainer. Even more obscure prop bets can be found at offshore sportsbooks, which are not subject to as rigorous regulatory scrutiny as US-licensed sportsbooks. For example, at an offshore sportsbook, you can bet on what film clip Philadelphia Eagles coach Nick Sirianni will show his team before the Super Bowl.

Pullen at Caesars uses a database of prop bets from previous Super Bowls to create a betting menu template, then adds new options based on the specific matchup and storylines for Game of the Year.

“There are some props that hardly draw anything, but you don’t want to take it away when it’s easy to up the price,” Pullen told ESPN. “We rarely get rid of things, almost never. But we always add something.”

The odds makers showed up at Pullen’s at around 5:30 p.m. with their laptops and spreadsheets. Pullen facilitated conversation at the prop party, asking the oddsmakers in attendance for their opinion on each of the bets. He’s quick to admit that much of the quota-finding process isn’t “rocket science.”

“The ones that are always the hardest to do are the ones that take into account the number of players to make a quick try, or the number of players to have a reception for each team because you have to look at the fixture list ‘ Pullen said. “They look at how they did in terms of receptions in the regular season and in the playoffs. Are they using the running game more than the regular season? These are the ones who, year after year, always take more time to come up with something than anyone else. Those are the ones that have been discussed the most.”

Caesars released its first batch of Super Bowl props on Tuesday, and more were added throughout the week. Professional bettors and customers whose actions are respected by sportsbooks make up the bulk of the early action on Super Bowl props. Among the prop bets pros targeted was one based on the Eagles’ famous throw-back pass to then-quarterback Nick Foles, used as the “Philly Special” in their Super Bowl win over the New England Patriots was known in 2018. Caesars offered a yes/no support on whether a quarterback will have a reception in the game. The yes opened as a +450 underdog and the no at -650. Money poured in for the no, including a $13,000 bet from a client in New York who put odds of -650 on a chance of a $2,000 net win. The odds of the “no” have almost doubled, with the price rising to -1,200.

“Sharps will put the no, but we want them to win because if the quarterback catches a touchdown pass or an offensive lineman or a defensive player gets a touchdown, we get buried on that,” Pullen called. “Sharpers usually go for no and under, and audiences usually go for yes and over.”

Super Bowl LVII Betting: Everything You Need to Know to Bet on Eagles Chiefs

Booking props in the past

Ed Salmons, Vice President of Risk at SuperBook, has been making and booking Super Bowl prop bets in Las Vegas for more than 30 years, even in the days before the internet was widely accessible.

Salmons recalls booking Super Bowls at the Imperial Palace Casino in Las Vegas in the 1980s. It had a subscribed sports ticker in the back room to quickly pull up Super Bowl Sunday stats online, but it was a time-consuming ordeal that regularly led to arguments between bettors and bookies over whether a player actually attended the game.

“Just getting an official box score with play-by-play showing you who was playing was hard to come by back then,” Salmons recalled. “We used to record games in case anyone had a question [about a prop]and we went back and watched the tape to make sure the player was running.”

Although there were far fewer prop bets available in the 80’s and 90’s when the internet didn’t exist or was in its infancy, the bets took hours to evaluate. Salmons estimated it would take them three hours after the game ended to evaluate all the prop bets. Now, Salmons says, the sorting process is much more efficient thanks to better technology and more staff.

“We literally start with the coin toss,” Salmons said. “From there, the opening kickoff, which has a lot of props on it. It starts crazy. Typically, the first five to ten players for each team must grade a million props. Games happen faster than we can grade them. We do the best we can. I would say now we’re at the point where we’ve graded everything about 45 minutes into the game. There was a time when it took two or three hours after the game to get everything graded.”