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April 10, 2018

Vegas Sportsbooks Decidedly Not Rooting for Golden Knights Stanley Cup

Chops April 10, 2018
Golden Knights

The Golden Knights have taken over Las Vegas. The entire city has embraced their improbable expansion season run at a Stanley Cup.

Except for the sportsbooks.

A Golden Knights win is VERY bad for business

Whether or not a Golden Knights Stanley Cup win would rank among the greatest longshot wagers in sports betting history remains to be seen, but local bookmakers are not among those rooting for a title run.

According to the LA Times, preseason Golden Knights title odds were as high as 500/1 at some casinos. As the season went on, the odds kept lowering as bets (and wins) kept piling up like William Karlsson goals.

Now, the Golden Knights sit between 6/1 and 9/1, the among the best overall odds to win the Cup.

How bad of a loss would it really be though?

If there’s a silver lining for the casinos, it’s that people don’t bet the NHL like it’s the NFL or even NBA.

A Golden Knights win would be like a bad NFL weekend for the books. It’ll hurt, but not “slapshot-to-the-face” bad.

Also Read: Will Las Vegas Be The Template For U.S. In-Stadia Sports Betting?