Clemson Tigers Win Results in Record Losses for Vegas Sportsbooks
In gambling, they say the house always wins. But that was far from the case last night.
When the Clemson Tigers came back from as much as 14-down to beat the Alabama Crimson Tide on a last-second touchdown in Monday’s National Championship Game, Las Vegas was dealt a colossal blow.
How bad was it? According to one Sportsbook, it was the “single worst loss on any game ever” in the company’s history.
That company is William Hill’s Nevada sportsbook. And they weren’t the only ones to lose big. According to ESPN, Vegas lost an estimated $15-20 million on last night’s outcome—with 6.5-point underdogs Clemson winning, 35-31, and the over coming through as well. Even the director of specialty games for Caesars Entertainment, Bill Sattler, described it as “the worst loss in any college football game I can remember.”
At the popular Westgate Superbook, $11,000 of the first $11,020 wagered on the game—following Clemson’s win over Ohio State on New Year’s Eve—was placed on Clemson. And that trend continued over the course of the week, with William Hill reporting losses in the seven-figures range, while MGM says their losses were in the “high six figures.”
So what does this all mean? More money for the public to blow on the Super Bowl!!!!