Field Level Media
04 Oct 2022, 21:10 GMT+10
When the Chiefs and Buccaneers exceeded the over/under and the home team in Tampa was stomped by Kansas City, the financial shockwaves were felt by sportsbooks across the United States.
"Toughest NFL week for the sportsbook so far," said Jason Scott, BetMGM VP of trading, of the just-wrapped NFL Week 4. "Chiefs beating the Bucs was the worst result on Sunday. Cardinals, Raiders and Cowboys were also bad outcomes for BetMGM."
Kansas City was 110 on the money line to win outright at kickoff at most books but offered at 140 earlier in the week.
It was the first week of the NFL or college football regular season that BetRivers and PlaySugarHouse lost money, senior manager Troy Machir said. The sportsbook was left with "a -4.1.percent hold of the money," he said.
Among the big losses for BetRivers were six-figure payments on a preseason boost for the futures market on the Philadelphia Eagles starting the season 4-0.
But the other trend that snapped Sunday was a run on the under bets -- hitting at a rate of 60 percent through four weeks -- for NFL game total-points-scored wagers. In addition to the Chiefs-Buccaneers (47.5 total; 72 points scored), Saints-Vikings (43.5 total; 53 points scored), Eagles-Jaguars (46.5 total; 50 points scored) and the New York Jets' money line (145) were big victories for the public. The Jets beat the Steelers 24-20.
PointsBet's biggest liability was the Cardinals at 1 at Carolina. Arizona easily beat the Panthers, 26-16, and went under the 43.5 total set on the game.
At DraftKings, 79 percent of the handle on Vikings-Saints was on the Minnesota money line, and 79 percent had the Giants' win over the Bears.
Huge wins for the public at DraftKings were also had by the 75 percent handle on the 49ers against the Rams on "Monday Night Football" and the nearly 79 percent of bets on Chiefs-Buccaneers that backed Kansas City.
In addition, three of the top four money line bets by volume from Week 4 at DraftKings were winning tickets: Packers (-425), Vikings (-130), Eagles (-260) and Bills (-165).
--Field Level MediaGet a daily dose of Kansas City Post news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Kansas City Post.
More InformationMADRID, Spain: Liverpool footballer Diogo Jota and his younger brother, André Silva, have died in a car accident in Spain. Spanish...
LONDON, U.K.: An unrelenting heatwave sweeping across Europe has pushed early summer temperatures to historic highs, triggering deadly...
President Donald Trump's plans to build a space-based Golden Dome missile defense shield have drawn immediate criticism from China,...
NEW YORK CITY, New York: Paramount has agreed to pay US$16 million to settle a lawsuit brought by U.S. President Donald Trump over...
LONDON, U.K.: British Prime Minister Keir Starmer won a vote in Parliament this week to move ahead with changes to the country's welfare...
WASHINGTON, D.C.: President Donald Trump will meet Israeli Prime Minister Benjamin Netanyahu at the White House on Monday. President...
FRANKLIN, Tennessee: Hundreds of thousands of Nissan and Infiniti vehicles are being recalled across the United States due to a potential...
REDMOND, Washington: Microsoft is the latest tech giant to announce significant job cuts, as the financial strain of building next-generation...
LONDON UK - U.S. stock markets were closed on Friday for Independence Day. Global Forex Markets Wrap Up Friday with Greeback Comeback...
SANTA CLARA, California: Nvidia came within a whisker of making financial history on July 3, briefly surpassing Apple's all-time market...
SACRAMENTO, California: California's multibillion-dollar farms are facing a growing crisis—not from drought or pests, but from a sudden...
WASHINGTON, D.C.: President Donald Trump says the United States could soon reach a trade deal with India. He believes this deal would...