NFL Underdogs Make Profitable Sunday For Vegas Books

NFL Underdogs Make Profitable Sunday For Vegas Books

The NFL underdogs of Sunday have given fans some much-needed excitement while also proving lucrative for Vegas sportsbooks.

After back-to-back weeks of lackluster performances across the board, Week 3 is where we have finally started to see higher scoring games that were much closer to call. The NFL offense seemed to return from the dead and there were a few surprising upsets that arose as well.

As thrilling as Sunday’s games were for football fans of teams like the Buffalo Bills and the Chicago Bears, it was an even better day for the books. Approximately 10 of 13 underdogs on Sunday covered the spread, and 6 managed to completely shut out the competition.

One Of The Most Lucrative Sunday’s In The Regular Season

While there is always a house edge, there is a certain range that sportsbooks for real money tend to win against the amount wagered by the public. Jason Simbal, VP of CG Technology, stated in an interview with ESPN that the operator will typically win 4% to 6% of the amount wagered on a typical NFL Sunday. The operator just about tripled this amount on Sunday, taking in 16% of the cash bet on the day’s games.

"It was certainly one of the best days we've had," stated Simbal.

The Public Loses Big on Parlays

Going into Sunday, the Buffalo Bills were 3-point underdogs against the Denver Broncos. The final score of the game was 16-26 Buffalo, which most would consider an upset win. To the detriment of the betting public, the Broncos were featured on the majority of parlays bets in Vegas.

The Chicago Bears’ 23-17 victory over the Pittsburgh Steelers was another huge upset during Sunday’s lineup. The Bears opened as 6.5-point underdogs but won the game in overtime. VP of MGM Jay Rood stated that there was one bet on $340,000 on the Steelers that went to the house.

"We had a ton of money-line parlays on the Steelers, ton of teasers," stated Rood. "That was a complete blow to the public."

Underdogs Continue To Cover The Spread

In an extremely close game that saw the New England Patriots winning 36-33 against the Houston Texans, it was a huge victory for Houston in the world of sportsbook operators. Posted as 13.5 underdogs, the Texans were more than able to cover the spread, putting a nail in thousands of parlay tickets right away.

The matchup between the Washington Redskins and the Oakland Raiders brought in record-breaking profits for some bookmakers. The Redskins opened as 3-point underdogs against the Raiders, and we all know what a shutout that game was. Washington won 27-10, and MGM notes that bettors had laid down 7-times more money on Oakland an hour before the start of the game. William Hill and Caesars Entertainment also shared similar sentiments to ESPN about having a multi-million dollar Sunday.

"It was as good as one Mayweather-McGregor fight," stated Frank Kunovic, Director of Specialty Games for Caesars.

Will The NFL Underdog Trend Continue?

As we prepare for Monday night’s game, the Arizona Cardinals are 3.5-point underdogs to the favored Dallas Cowboys at Bovada Online Sportsbook. So far, underdogs have been 11-3 ATS, so there this may be a bet to consider.

USA online sportsbooks also sees value in the Week 4 NFL betting odds that have already been posted. The Chicago Bears are 7.5-point underdogs to the Green Bay Packers. The Buffalo Bills are once again underdogs, this time with the Atlanta Falcons as 8-point favorites. The New Orleans Saints are expected to get a W at Wembley Stadium on Sunday, with the Miami Dolphins as 3-point underdogs in London.