Vegas Sportsbooks Decidedly Not Rooting for Golden Knights Stanley Cup

Posted By Chops on April 10, 2018 - Last Updated on March 31, 2019

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?

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Steve “Chops” Preiss has 15 years of experience in the gaming industry. Chops began writing and producing content for digital media sites during the early poker-boom years. He has twice been voted by his peers as one of the 20 Most Influential People in Poker. Chops has also written and produced segments for a primetime gaming TV show on Versus (now NBC Sports Network) and distributed a poker program to over 160M global households.

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