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Super Bowl Betting Recap

The results are in, and Super Bowl XLV was not super for Vegas sports books. The Packers were a three point favorite in the game, and the line didn't move much.  Early reports suggested that the betting volume was relatively even, which is typically a signal of a profitable, but not exceptional, game for sports books.  I have not been able to track down an estimate of the actual volume on the side betting.

The State of Nevada Gaming Control Board released their Super Bowl Wagering estimates yesterday, and Nevada sports books made a tiny 0.83% profit on more than $87 million wagered on the game.  Here's the betting volume and amount won and lost by Nevada sports books on the Super Bowl over the past 10 years:

2011$87,491,098$ 724,1760.83%Green Bay 31, Pittsburgh 25
2010$82,726,367$ 6,857,1018.3%New Orleans 31, Indianapolis 17
2009$81,514,748$ 6,678,0448.2%Pittsburgh 27, Arizona 23
2008$92,055,833$(2,573,103)-2.8%N.Y. Giants 17, New England 14
2007$93,067,358$12,930,17513.9%Indianapolis 29, Chicago 17
2006$94,534,372$ 8,828,4319.3%Pittsburgh 21, Seattle 10
2005$90,759,236$15,430,13817.0%New England 24, Philadelphia 21
2004$81,242,191$12,440,69815.3%New England 32, Carolina 29
2003$71,693,032$ 5,264,9637.3%Tampa Bay 48, Oakland 21
2002$71,513,304$ 2,331,6073.3%New England 20, St. Louis 17

As you can see, Super Bowl XLV was not very profitable.  Nothing close to the losses in the 2008 game, when the Giants upset New England, but not much of a payday.  Given the relative balanced volume in betting on the sides, I expect that the totals betting accounted for a lot of loses, since the money, as usual, was heavily on the over (44 to 46 depending on the book).