{"id":28710,"date":"2015-05-04T13:13:40","date_gmt":"2015-05-04T20:13:40","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=28710"},"modified":"2015-05-04T13:13:40","modified_gmt":"2015-05-04T20:13:40","slug":"sportsbooks-celebrate-solid-results-from-busy-betting-saturday","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/sportsbooks-celebrate-solid-results-from-busy-betting-saturday\/","title":{"rendered":"Sportsbooks Celebrate Solid Results from Busy Betting Saturday"},"content":{"rendered":"
\"Mayweather
Mayweather-Pacquiao was the biggest draw on a busy day in sports betting. (Image: Al Bello\/Getty Images)<\/figcaption><\/figure>\n

Sports bettors rarely have days like this past Saturday.<\/p>\n

Not only was the long-awaited fight between Floyd Mayweather Jr. and Manny Pacquiao held, bringing in an unprecedented number of bets on a boxing match, but that fight came at the end of a very busy day in the sports world.<\/p>\n

That made it a day to remember for fans, bettors, and perhaps most of all, sportsbooks.<\/p>\n

All day long, there were events to be bet on. There was playoff hockey early on, as the New York Rangers beat the Washington Capitals to even up their series at one game each.<\/p>\n

Later in the evening, there was the thrilling game seven encounter between the San Antonio Spurs and the Los Angeles Clippers; a big performance by Chris Paul sent the Clippers on to the second round.<\/p>\n

And there was plenty of baseball all day long, including a clash between the Yankees and the Red Sox, a matchup that always generates plenty of attention.<\/p>\n

Kentucky Derby Won by American Pharoah<\/h2>\n

But there were two big events that really drove the betting action on Saturday. First, there was the Kentucky Derby<\/a>, the first of the annual Triple Crown horse races.<\/p>\n

The race was won by favorite American Pharoah, who finished a length ahead of Firing Line while second choice Dortmund came in third.<\/p>\n

Since the three horses that finished in the money were the three top favorites, that meant a lot of racing fans were cashing in winning tickets after the race.<\/p>\n

But because of the busy day in betting, that wasn\u2019t a concern to the sportsbooks.<\/p>\n

\u201cI was really worried that a lot of customers wouldn\u2019t make it in because of the crowds,\u201d Golden Nugget\u2019s director of race and sports Tony Miller told Covers.com. \u201cBut it turned out to be the best Derby I\u2019ve ever had.\u201d<\/strong><\/p><\/blockquote>\n

Miller said that because the favorites won, customers were able to use their winnings to bet on events later in the day, including the races at Churchill Downs that come after the Kentucky Derby.<\/p>\n

\u201cIf it would\u2019ve been a long shot that won, everybody would tear up their tickets and walk out the door,\u201d he said.\u201d<\/p>\n

Mayweather Win Suits Sportsbooks Just Fine<\/h2>\n

But the biggest event of the day was undoubtedly the Mayweather-Pacquiao fight.<\/p>\n

It wasn\u2019t exactly the bout many casual boxing fans had hoped for: while many viewers\u00a0agreed that Mayweather<\/a> was impressive during the fight, there were precious few moments where either fighter showed dominance or appeared to be in trouble, leading many to call the contest a boring one.<\/p>\n

Overall, the sportsbooks in Las Vegas felt that the fight went just fine for them, however.<\/p>\n

Many bookmakers reported that they couldn\u2019t lose on either a Pacquiao or Mayweather victory: while far more bets came in on Pacquiao, most of the big money bets were on a Mayweather win.<\/p>\n

That created a balance that left only a few unlikely scenarios, like a draw, as potential killers for the sportsbooks.<\/p>\n

\u201cIt was a wash with a Pacquiao win, a net zero,\u201d Miller said. \u201cBut we pushed all our eggs into Mayweather by decision. We had to dodge\u2026Pacquiao by knockout in the seventh round, where we had a seven-figure liability, and the draw was just shy of seven figures.\u201d<\/strong><\/p><\/blockquote>\n

The draw was the biggest concern for many bookmakers, which sent the odds down to as low as 6-1 as sportsbooks reduced their risk because of how much money was coming in on the result.<\/p>\n

Online bookmakers also reported high volume on the fight. According to a report by Covers, a spokesperson for Sportsbook.ag said that the fight generated three times as much betting as the previous boxing record for them, which had come when Mayweather fought Oscar De La Hoya in 2007.<\/p>\n","protected":false},"excerpt":{"rendered":"

Sports bettors rarely have days like this past Saturday. Not only was the long-awaited fight between Floyd Mayweather Jr. and Manny Pacquiao held, bringing in an unprecedented number of bets on a boxing match, but that fight came at the end of a very busy day in the sports world. That made it a day […]<\/p>\n","protected":false},"author":42,"featured_media":28711,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[18,16],"tags":[],"acf":[],"yoast_head":"\nSportsbooks Celebrate Solid Results from Busy Betting Saturday<\/title>\n<meta name=\"description\" content=\"From the Kentucky Derby to the Fight of the Century, Saturday was one of the busiest days in recent memory for sportsbooks.\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sportsbooks Celebrate Solid Results from Busy Betting Saturday\" \/>\n<meta property=\"og:description\" content=\"From the Kentucky Derby to the Fight of the Century, Saturday was one of the busiest days in recent memory for sportsbooks.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/sportsbooks-celebrate-solid-results-from-busy-betting-saturday\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2015-05-04T20:13:40+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2015\/05\/i.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"768\" \/>\n\t<meta property=\"og:image:height\" content=\"307\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Casino.org Staff Writer\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Casino.org Staff Writer\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/sportsbooks-celebrate-solid-results-from-busy-betting-saturday\/\",\"url\":\"https:\/\/www.casino.org\/news\/sportsbooks-celebrate-solid-results-from-busy-betting-saturday\/\",\"name\":\"Sportsbooks Celebrate Solid Results from Busy Betting Saturday\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/sportsbooks-celebrate-solid-results-from-busy-betting-saturday\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/sportsbooks-celebrate-solid-results-from-busy-betting-saturday\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2015\/05\/i.jpeg\",\"datePublished\":\"2015-05-04T20:13:40+00:00\",\"dateModified\":\"2015-05-04T20:13:40+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/8c48bf89dc86da77b4d856c7b3b78d77\"},\"description\":\"From the Kentucky Derby to the Fight of the Century, Saturday was one of the busiest days in recent memory for sportsbooks.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/sportsbooks-celebrate-solid-results-from-busy-betting-saturday\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/sportsbooks-celebrate-solid-results-from-busy-betting-saturday\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/sportsbooks-celebrate-solid-results-from-busy-betting-saturday\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2015\/05\/i.jpeg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2015\/05\/i.jpeg\",\"width\":768,\"height\":307,\"caption\":\"Mayweather-Pacquiao was the biggest draw on a busy day in sports betting. 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