Super Bowl prop bets big business for Vegas sports books - CBS 3 Springfield - WSHM

Super Bowl prop bets big business for Vegas sports books

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The sports book at South Point Hotel, Casino & Spa on Tuesday, Jan. 28. (FOX5) The sports book at South Point Hotel, Casino & Spa on Tuesday, Jan. 28. (FOX5)
LAS VEGAS (FOX5) -

If you can't be in New Jersey for the Super Bowl, everyone knows Las Vegas is the next best place.

Our sports books are prepared for long lines and lots of action. Along with the usual football bets, the Super Bowl provides for unusual wagers known as proposition bets, or prop bets.

In fact, there are hundreds of prop bets available. Bettors say they make the game more fun and make gambling appealing to those who don't normally follow football.

Tuesday at the sports book inside the South Point Hotel, Casino & Spa, Mike Stevenson took his time figuring out which prop bets he liked best.

"I'm taking Peyton Manning on the under at 296 yards," Stevenson said.

Many of those prop bets concern minutia about the game such as total rushing yards, pass completions and who scores when.

"I get dizzy looking at them. There are so many of them,' said South Point oddsmaker Jimmy Vaccaro.

Vaccaro said some bets are getting more action than others.

"The first touchdown is a big deal. Everyone is betting on Manning to throw the first touchdown pass," he said.

Vaccaro said upward of 45 percent of the money coming in on the Super Bowl comes from prop bets.

When casinos first started offering prop bets, they accounted for only about 5 percent of the action.

"We wouldn't do it if the public didn't bet it," Vaccaro said.

One of the bets with the biggest payout is the 1,000-1 wager that the Super Bowl features absolutely no touchdowns.

"I would say that's a little low, especially with these two teams playing here," Vaccaro said.

Stevenson didn't bite on it.

"I'm not going to take that, not even for five bucks. I mean, if you hit it, you hit it, but the likelihood is pretty low," he said.

One bet that has paid off during the last two Super Bowls concerns whether a safety would occur. It did both times, costing casinos a lot of money.

Last year, fans bet almost $99 million at casinos across Nevada. The Gaming Control Board said 183 sports books made more than $7 million.

Copyright 2014 KVVU (KVVU Broadcasting Corporation). All rights reserved.

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