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Las Vegas sports books tell of ‘staggering' hit from NFL season

By Lance Pugmire, Los Angeles Times Published: January 1, 2013

Kornegay admitted he doesn't know what those changes may be.

On Sunday evening, Kornegay and a team of bookmakers huddled by text messages to post the first point spreads for this weekend's playoff games.

The number Kornegay most stewed over was how much to favor Green Bay by when they host the Minnesota Vikings on Saturday. This comes on the heels of the Packers' loss to the same Vikings in Minnesota on Sunday. In that regular season finale, the Packers were favored by three points.

This season, the Packers are the favorite NFL team in the Las Vegas, drawing a wealth of emotional bettors who would gamble on the team whether it was favored by 7 or 10 points.

The current line favors the Packers by 7 points in Saturday's game.

“We know people will bet the Packers regardless, but all it takes is one sharp to say, ‘Here's $50,000 on the Vikings,' to counteract making a (quick) line simply for the public,” Kornegay said.

Sports books also took a beating Sunday on bets made on total wins by a given team in the regular season. Kornegay said LVH took a bath on those propositions — including their line that Manning's Broncos would win nine regular season games. The Broncos won 13.

Now, Rood is sweating out hundreds of Super Bowl winning bets made on teams such as the Seahawks, who opened at 75-1 odds.

The Indianapolis Colts were at 200-1 to win the Super Bowl after Manning left town, and remained at long odds even after Andrew Luck took over, Rood said.

Kornegay finished rattling off his point spreads for this weekend's games and was struck by a stark reality after a season of being gutted by victorious favorites.

“Looking at this, I can tell you we'll need the underdogs to win in every game. Again,” he said.

Distributed by MCT Information Services

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