No Money Down Real Estate Investing Course
Learn How To Buy Income Properties Without Risk, Good
Credit, Money Or Tenants!

Click here for more information
Welcome, Unregistered.
User Name
Forum Links
Site Navigation
Real Estate Resources
Go Back   Real Estate Investing > Real Estate General > Introduce Yourself
Thread Tools Search this Thread Display Modes
Old 12-09-2013, 05:31 AM
iq6ewu99 iq6ewu99 is offline
Senior Member
Join Date: Nov 2013
Posts: 225
Default YE At the time rha

LAS Nike Blazer High Vintage VEGAS It's not too often that the bettable sport appears out of thin air and is served on a platter for Las Vegas sports books. But that's what went down in 1998 when the NASCAR Sprint Cup series made it's debut in the Las Vegas Motor Speedway.
At the time, there were only a handful of sports books offering weekly NASCAR odds, and the volume was very Bestaff Australia small. The sport had a niche audience which had book directors wondering if it was worth hanging odds on. Sure, the Daytona 500 handle was huge because the odds were posted for several weeks and visitors might take their tickets home together, but races at tracks like Martinsville and Sears Point didn't attract too many wagering dollars.
That all changed when over 100,000 fans found the city for the first NASCAR weekend in Vegas. Not only were visitors betting NASCAR in a high volume, but the locals Buy Woolrich got involved due to the excitement the race generated in their city. It was a happening, an outdoor event, and odds were offered. The handle on that first race won by Mark Martin raised some eyebrows at several books, and they immediately changed their policy and began offering odds weekly, something which remains consistent to this day.
After 15 years, the action is still coming strong. In addition to odds to win the Las Vegas race, most sports books offer odds on just about everything that can be found on a race result sheet from cautions to lap leaders, lead changes, winning car number and winning manufacturer.
No official state records are kept on how much action Cheap Beats By Dre Australia is wagered Nike Cortez Trainers Uk on NASCAR. The numbers fall under the "other" category, along with soccer and then any other sport peripheral in Vegas. Nevada sports books handled a situation record $3.45 billion in 2012, and NASCAR's overall contribution to that particular figure barely registers.
However, it might compare very well on a perevent handle basis actually, that metric may even be greater than most sports. There are only 36 Cup races, as well as a few nonpoint races like the Shootout, Bud Duels and AllStar race, giving us 40 bettable events; in one weekend of college and pro football, there can be 115 bettable events.
More on Las Vegas Cheap Ugg Boots Ireland race: Odds to win Props offered at LVH
A low estimate of about $100,000 handled statewide for each race would mean there is over $4 million handled annually. Estimating that most sports books hold up to 20 percent, that's an $800,000 annual win from the sport that came out of nowhere for that books and doesn't take much effort to publish.
Those figures are conservative and based on the time I've spent behind the counter and watching the sport grow each year within betting circles.
Sunday's Kobalt Tools 400 can expect over $500,000 in action statewide. The larger Barbour Clothing Harrogate handle is not only because of the visitors in town, but also because there are more betting options, as books offer several Super Bowltype propositions. The typical bet to win the most widely used way to wager on NASCAR is in the $10to$20 range, while driver matchups and other twoway props average over $50.
NASCAR wagering will never get as big as the other sports; there simply Air Max aren't enough events. But there may never be another "new" sport that arrives that will have as much as an impact as NASCAR has had in Las Vegas Timberland Earthkeepers Uk sports books over the last 15 years.
Reply With Quote

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump

All times are GMT -8. The time now is 12:02 AM.

Powered by: vBulletin Version 3.0.8
Copyright ©2000 - 2020, Jelsoft Enterprises Ltd.
Search Engine Friendly URLs by vBSEO 2.4.0
Copyright 2001 - 2006, Buy Income Properties, Inc. All Rights Reserved. Privacy Policy in Observance.