Michigan Wolverines national championship game a split decision for sportsbooks
The Michigan Wolverines (15-0, Big Ten) are college football champions for the first time since 1997. However, Monday night's 34-13 victory brought mixed results to US sportsbooks.
Ahead of Monday night's College Football Playoff (CFP) National Championship, sportsbooks are covering the game between Michigan State and No. 2 Washington State (14-1, Pac-12). Although oddsmakers at BetMGM, DraftKings, and BetRivers report that they have better odds on the Wolverines than the Huskies in the championship game, the Preseason Futures Market odds on tonight Much the same.
BetMGM reported that 53% of bets were placed on the championship game and 56% of money was bet on Michigan, which the company reported was a "bookmakers' dream scenario" as they placed money on the favorites. Team cheers, but Michigan State isn't covering the spread. Although Michigan easily erased a deficit of around 5.5 points, the Wolverines' victory was the second-best result in the series.
FanDuel was the rare sportsbook to go even harder against Washington, with 55% of tickets and 51% of prize money going to the underdog. The book retains all of that action.
Big bet, big loss
BetMGM reported that a $100,000 point spread bet was placed on Washington before tipoff. The six-figure bet was retained by the casino after the Huskies were defeated by three touchdowns.
Sports bettors also won tons of bets and money when Michigan State tamed Washington quarterback Michael Penix Jr. One of the most popular player props is that Penix threw for over 297.5 yards. Michigan held its star quarterback to 255 passing yards.
Michigan State running back Blake Corum, who scored the first touchdown (+275), is the favorite to back, according to BetMGM. These bets would have stood even if Michigan State running back Donovan Edwards had a 46-yard score in the first quarter.
DraftKings said it placed a $20,000 futures bet in September on Washington to win the CFP National Championship at odds of 18/1, which would have returned $380,000. The bettor reportedly did not hedge.
Sportsbooks also do well in over/under games, where bettors have a big advantage on the game. The consensus is 56.5 points. The score of 34:13 was achieved easily. According to BetMGM, 60% of bets and 69% of funds have been closed.
Harbaugh’s swan song?
COMMON SPECULATION Jim Harbaugh has coached the Michigan Wolverines for his final game. This scandal-filled season, in which Harbaugh was suspended three games for the program's alleged spying on opposing teams to steal their signs, is expected to be the legendary coach's final season in the NCAA.
Harbaugh was immediately asked about his future after Michigan regained its college football throne.
I just want to enjoy this," Harbaugh said."I wish you could give this to me. Can a man have this? Is it always necessary to focus on what happens next, what the future holds? As I said the other day, yes, I hope there is a future. I hope for tomorrow, the day after tomorrow, next week, next month, next year. "
As for whether Michigan's champions should have an asterisk attached to the cheating accusations, Harbaugh said: "These guys are innocent."
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Source: www.casino.org
