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Despite opening as a slight underdog the Broncos were an enormous public favorite for the Super Bowl, with a large chunk within the estimated $120 million in legal Super Bowl bets going Denver's way.
Sportsbooks sometimes will balance their exposure by evening out the wagers they've at the books but subsequently many let it ride and didn't hedge their exposure -- a wise bet when the Seahwaks handily won.
Final tallies show that Vegas sportsbooks likely won nearly $20 million in profits from the newest round of Super Bowl betting, probably the most profitable hauls they've had. It was by far probably the most bet on any Super Bowl, easily eclipsing last year's record of about $99 million wagered at the contest between the 49ers and the Ravens.
The house typically has the most efficient of it in Super Bowl wagering, with the last significant loss for sportsbooks coming in 2008 when a Giants upset of the Patriots ended in an estimated $2.8 million loss for sportsbooks.
One area where bookies took a couple of hits at the chin came from prop bets, with this year's Super Bowl featuring both a security -- which paid off as high as 60-1 if a gambler bet a security will be the first score of the sport -- and a two point conversion.
One gambler who didn't lose a bundle at the Super Bowl was apparently Floyd Mayweather, who took to Twitter to dispell a rumor that he'd bet $10 million at the Broncos:
"Somebody lied to you all. If I USED TO BE going to bet, I MIGHT have bet at the Seattle Seahawks...."
Just to ensure all his fans got the message, Mayweather hit up Instagram to boot to ensure that everyone know the one thing he'd bet $10 million on "...is MYSELF"
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Read More... [Source: Live Casinos - The Land Based Casinos in Europe]
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