The William Hill Race & Sports Book at Terrible's Casino predicts 40-45% of Super Bowl wagers to be "prop bets"
LAS VEGAS (FOX5) -
Super Bowl Sunday is just over a week away, and it's the big one for Las Vegas sports books. The game attracts bettors from around the world for a little more than the final score.
Worldwide, an estimated $10 billion will be spent on wagers for Super Bowl XLVII. RJ Bell from Pregame.com told FOX5 it's all about the proposition bets.
"You don't have just football fans betting," Bell said. "You got the wives, the girlfriends - it becomes a very social event. And these prop bets that allow you to have an opinion without really understanding football are very valuable to getting those people involved."
Examples of prop bets include: Who will score first? Who will win the coin toss? Will there be an overtime? Or, how about a safety?
There was a safety in last year's game and it cost sports books big money.
"What started out as a minnow, is now Shamu the whale with these prop bets," said Jimmy Vaccaro, public relations director for William Hill Race & Sports Book.
The sports book at Terrible's Casino opened the prop bets Friday morning - all 250 of them. Some suggestions even came in via Twitter and Facebook, and Vaccaro said the amount of props is likely to increase before Super Bowl Sunday.
Bettors like Frank Christian of Las Vegas plan to spend quite a bit of money on the prop bets. Christian, himself, plans to buy $300 to $400 in tickets.
"I find different prop bets that I really like - bets that have a lot of interest to it," he said.
A lot of people also like the "fun" prop bets, like the time length of the National Anthem, or "Will Beyonce show cleavage during her first song?"
Those types of bets, however, are not accepted by Las Vegas brick and mortar sports books since they cannot always be accurately measured, and it doesn't center around an actual game event.
The growing number of offshore betting agencies do accept the more "creative" wagers, but RJ Bell points out that those bets may not always end in satisfaction.
"They're looking to make the most money as a sports book," he said. "In Nevada, you can feel very safe that the rulings are going to be player friendly."
Charles Weinberg of Las Vegas says all he has to do is channel the "betting Gods" for success. He also claims to have the phone number for one of them.
"It's the best of all worlds," Weinberg said. "You've got people who know nothing, and you don't listen to them. And, you kind of filter through that and find the guys who know what they're talking about."
As of Friday evening, several sports books put the San Francisco 49ers ahead of the Baltimore Ravens by four points.
Copyright 2013 KVVU (KVVU Broadcasting Corporation). All rights reserved.
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