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Super Bowl LIV betting: A $550,000 bet on Chiefs causes change in the point spread
Yahoo ^ | January 29, 2020 | Frank Schwab

Posted on 01/30/2020 6:25:31 AM PST by C19fan

BetMGM didn’t want to move the Super Bowl LIV line. But money talks.

And it was a lot of money that moved the betting line. Jeff Stoneback, director of trading operations for MGM Resorts International, said a bettor put $550,000 on the Chiefs as a 1-point favorite to win $500,000.

And with that, MGM moved the line to the Chiefs being a 1.5-point favorite over the San Francisco 49ers.

“That forced us to move it,” Stoneback said.

(Excerpt) Read more at sports.yahoo.com ...


TOPICS: Sports
KEYWORDS: chiefs; football; gambling; nfl; superbowl
Looks like the Wiseguys are moving in betting on the Chiefs.
1 posted on 01/30/2020 6:25:31 AM PST by C19fan
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To: C19fan

It’s early yet.


2 posted on 01/30/2020 6:29:02 AM PST by SanchoP (Yippy,the next generation search engine.)
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To: C19fan

Too soon. Injuries can happen. Sickness can happen..especially with this virus.

Big money will come in right before game.

The line at my bookie is still the same.


3 posted on 01/30/2020 6:42:09 AM PST by RummyChick
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To: RummyChick

Maybe that guy from Jeopardy is putting his money to work? All IN.


4 posted on 01/30/2020 6:47:51 AM PST by Mouton (The media is the enemy of the people.)
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To: C19fan
I dont really care who wins anymore, Ive been betting the over/under this year on games .. leaning towards the under
Go Chefs !!!
5 posted on 01/30/2020 7:14:28 AM PST by ßuddaßudd ((>> M A G A << "What the hell kind of country is this if I can only hate a man if he's white?")
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To: C19fan

Stupid betting always moves the line

The line is not about the game...

The line is to keep the book balance so no matter who wins the book will not pay out more the it takes it... Bookies are not gamblers they make there mone on the big. They keep their books balance so that the no matter who wins they’re going to put out the same amount


6 posted on 01/30/2020 10:16:21 AM PST by tophat9000 (Tophat9000)
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