Patriots favored by Vegas books
Published: Thursday, January 26, 2012 at 6:01 a.m.
Last Modified: Wednesday, January 25, 2012 at 2:40 p.m.
Las Vegas casinos have made the New England Patriots favorites to win the Super Bowl thanks to their national following, a decade of winning and the playoff mystique of quarterback Tom Brady and coach Bill Belichick.
In odds posted Sunday night by Cantor Gaming, the Patriots opened as three-point favorites over the New York Giants after New York beat San Francisco 20-17 in overtime in the NFC championship game, Race and Sports Director Mike Colbert said.
"The public will still like New England," Colbert told The Associated Press. "I don't think people are actually hip to how good these NFC teams are."
The over-under was set at 53 points, while New England betting fees were adjusted to be slightly more expensive than normal, with bettors required to wager $115 to win $100 rather than $110 to win $100, Colbert said.
Cantor sets lines for several sports books in Las Vegas, including the Cosmopolitan of Las Vegas, the Hard Rock Hotel & Casino, the Palazzo Las Vegas and the M Resort.
The Glantz-Culver line favored the Patriots by 3½, with a total of 55½ points.
New England beat the Baltimore Ravens 23-20 for the AFC title, when Ravens kicker Billy Cundiff missed a 32-yard field goal with 11 seconds left.
Colbert said the 2008 Super Bowl rematch is the best matchup possible for casinos, with a shot at breaking wagering records for Nevada casinos.
The Patriots opened as 14-point favorites four years ago, but Giants backers bet the line down to 12 points and got paid when New York earned a 17-14 win.
Nevada casinos lost the most money ever on the Super Bowl that year — $2.6 million.
Gambling expert R.J. Bell said the rematch could see $10 billion in wagers worldwide, with only 1 percent of that figure gambled in casino sports books in the Silver State.
Bell said several factors will make bets more expensive for Patriots backers than the raw matchup would dictate, including the celebrity of Brady and Belichick and the fact that more casual bettors generally gamble on the Super Bowl than other NFL games.
Bell said that while the Patriots have played better all season, the Giants have been the best team over the past month.
Executive Race and Sports Director Jay Kornegay of the Las Vegas Hotel & Casino says an injury to Patriots tight end Rob Gronkowski could have a big effect on the line, because if he doesn't play the Giants will be able to double-team other New England receivers.
Kornegay said the Patriots may be the favorites, but the close win over Baltimore showed they are beatable.
"The Patriots — they were fortunate, and they just got by," he said.