A record total of CAD $199 million was bet in the Las Vegas’ sportsbooks on Super Bowl LII (52) between the New England Patriots and the Lombardi Trophy winning Philadelphia Eagles, breaking last year’s record high by more than CAD $20 million, a 14.5 percent increase over last year’s previous high mark.
The Vegas sports books came out barely ahead, winning a mere CAD $1.57 million, which was only .7 per cent of the total amount bet on the big game and thereby making it the lowest profit margin since 2011. Just like any other online sports bet or online casino game, the house doesn’t always win. However, in the case of the Super Bowl it usually does — this was the 26th time in the last 28 years that the casinos have won on the Super Bowl.
Recent Record Super Bowl Betting
Let’s take a glance at the recent record-smashing years of Super Bowl betting over the last decade or so;
Recent Record Breaking Years (Nevada handle)
- 2018 New England Patriots/Philadelphia Eagles CAD$199 Million
- 2017 New England Patriots/Atlanta Falcons CAD$174.73 Million
- 2016 Denver Broncos/Carolina Panthers CAD $167.16 Million
- 2014 Denver Broncos/Seattle Seahawks CAD $150.64 Million
- 2013 Baltimore Ravens/San Francisco 49ers CAD$124.77 Million
- 2006 Pittsburgh Steelers/Seattle Seahawks CAD $119.22 Million
Super Bowl 52 attracts huge bets
It’s not odd that the Super Bowl attracts huge bets — although it’s rare for so many to be above CAD $1 million mark as occurred in the lead up to the Eagles v Patriots clash. In the week leading up to this years Super Bowl alone, William Hill alone took three bets over the CAD $1 million barrier.
Until that record week, William Hill, which has operated in Nevada since 2012, had only ever taken one previous bet of CAD $1 million or more before in a week and that was a CAD $1.5 million wager successfully bet (and eventually won) on Floyd Mayweather in his bout against Conor McGregor in August 2017.
Meanwhile, several high-rollers put all their proverbial chips on the Eagles to win the Super Bowl. There was also a series of big money-line bets on Philadelphia to win straight up, including a CAD $3 million bet placed January 24 with MGM. By the time the Eagles were lifting the Vince Lombardi Trophy aloft on Sunday February 4, in total five bets of CAD $1 million or greater had been reported, four of them on the Eagles.
Biggest 2018 Super Bowl Sports Betting win
The same bettor (known anonymously as ‘Bettor X’) who took Las Vegas’ legal sports books for millions of dollars on the Baseball World Series – making waves after reportedly winning over CAD $10 million in bets during the World Series – looked to cash in again at the Super Bowl.
Bettor X placed and won on a CAD $650,000 wager on the Philadelphia Eagles at the South Point sports book and also struck gold struck gold again, betting CAD $3.78 million on the Eagles at the MGM and spreading several other bets on the Eagles on various books for at least a combined CAD $2.14 million.
Philadelphia biggest underdogs to win?……no, not quite
Since Nevada Gaming Control began tracking wagering on the Super Bowl in 1991, the state’s regulated sportsbooks have come out ahead in 25 out of 27 games. The bookies are up a net CAD $218.9 million on the Super Bowl during that span.
The betting favourite had won 33 of the previous 51 Super Bowls.
The Philadelphia Eagles were the biggest Super Bowl underdogs since 2009, however, their win was shaded in comparison to the Seahawks triumph in 2014. Sportsbooks lost CAD $25.2 million on the 2014 Super Bowl.
The 2014 Super Bowl is one of the most infamous in history, and all Denver residents know that it for entirely the wrong 25.2 million reasons. One of the most crushing defeats of any team, much less a favourite, in the history of the NFL cost the bookmakers CAD$ 25.2 million.
The Denver Broncos were heavily favoured heading into the match, however after the Seattle Seahawks schooled and totally destroyed them 43-8, the Nevada Gaming Control Board determined that it was their most profitable Super Bowl ever.
How to Approach Sports Betting
Betting on sports games is a hobby for many and a very serious career for others, however, most people just consider it to be a fun and friendly past time. There are ways to consistently make money on sports betting, and the tricks are understanding betting strategy and the different types of bets you can make, understanding the odds, making smart bets, and not getting sentimental and being able to walk away from bad bets is crucial. It’s also important to remember that making money on sports betting is something that requires time and dedication. It’s not just about making a single huge bet and winning a stack of money in one lucky shot. Instead, it’s all about making a series of small, smart bets that add up over the season to a substantial overall gain and where better to do that than an online sportsbook.
How to Choose your Favourite Online Sportsbook
Choosing your favourite Online Sportsbook game isn’t an easy task, but we hope our collection of interesting, statistics and stories in relation to this year’s Super Bowl have given you some inspiration to have fun with whilst making your choice.
A good online sportsbook casino should offer many great sports betting options on virtually every sport you can imagine. Specifically, they should do an excellent job for Canadians with a full range of North American sports betting options available such as NHL, CFL, NFL, MLB and NBA. Why not try out one of our recommended sportsbooks (that also have online casinos for your gaming convenience) like 888 Casino and Betway casino and sportsbook
Good luck – Good Gaming!