Bettors jump to underdogs and sportsbooks suffer big losses
Forget Aaron Rodgers -- the most impressive performance of the NFL playoffs belongs to the betting public, which jumped from favorites to underdogs at precisely the right time this weekend and squashed multiple Las Vegas sportsbooks in the process.
William Hill, which operates sportsbooks at 108 locations throughout the state, reported suffering the worst day in the company's five-year history in Nevada. So much parlay liability had built up over the weekend, the book's "seven-figure" fate was sealed before the underdog Pittsburgh Steelers beat the Kansas City Chiefs 18-16 Sunday night.
After Saturday's action, favorites were 6-0 straight up and against the spread. But on Sunday, bettors backed the underdogs, taking the Green Bay Packers and Steelers plus the points and on the money line.
"Seemed like a blue-collar betting day with public parlaying, teasing and pounding money lines on Packers and Steelers," said Bill Sattler, the director of specialty games for Caesars Entertainment. "We salvaged the under in [the] late game, but another solid week for the public."
http://www.espn.com/chalk/story/_/id/18487333/william-hill-says-sunday-was-worst-day-ever
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