Bettors Win Big In Vegas

From ESPN: Las Vegas bookmakers make their money by balancing their risk, but sometimes they simply come out on the wrong side of too many bets. In fact, the results of Sunday's games were so bad for the bookies that it very well might have been their Black Sunday.
At the end of the third quarter of the early NFL games on Sunday, Las Vegas Hotels Super Book vice president Jay Kornegay knew he needed more money at the front of the sportsbook.
"I've been in this business for 26 years, and I have never seen what I saw yesterday," Kornegay said. "We call for more money a couple times a year, but never like this."
Before the day started, Kornegay and his team went over the teams that its bettors loved that week: Denver, Green Bay, Detroit, Baltimore, Houston, Chicago and Seattle.
All of them were favorites. All of them won.
The exposure for the sportsbooks doesn't occur with individual game bets; it comes in parlays, where bettors put together many bets on one card. Win them all, and it pays off big. Playing the favorites is a popular strategy.
"Think of it this way, you have people betting those teams on tons of tickets, and then you have the gambler who bet all of those teams," Kornegay said.
Kornegay said fewer bettors dared to pick from some of the games in which the favorites lost -- like Miami and Washington. And the support of Pittsburgh fans made that upset over New York less of a factor, he said.
Like Kornegay, Jimmy Vaccaro is a sports betting veteran. He has spent 37 years in the gambling world and also couldn't believe what he was seeing on Sunday.  http://espn.go.com/nfl/story/_/id/8596367/las-vegas-sportsbooks-took-big-beating-week-9-nfl-season
Yeah, I'm not feeling sorry for the sports books either.  They've taken enough of my money.