College Football Is Costing Vegas Bookies Millions This Season

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Photo: AP

The top four teams in the BCS rankings this season are not only winning their games in convincing fashion, but they are consistently beating the spread. And that is costing the bookies millions this season.One sports book director estimates that Las Vegas has “most millions of dollars on college football” this season. And the biggest reason is that the favourites are covering the spreads more than 70 per cent of the time.

So far this season, LSU (#1 in the BCS), Alabama (#2), Oklahoma State (#3), and Stanford (#4) are a combined 32-0. But more importantly to the gamblers and the bookies, those four teams are 28-4 against the spread.

Stanford has been the best of the bunch, going 8-0 against the spread, including an improbable 8-point triple-overtime win over USC this past weekend. In that game, many gamblers had Stanford as 7- or 7.5-point favourites.

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