Live On Air

Streaming now: Prime Time Action

play Watch Live radio Listen Live

Nevada sports books lose $11.45 million on baseball in November, but it's a little misleading

By Dave Tuley  ( senior reporter) 

December 28, 2017 01:49 PM

LAS VEGAS – Nevada’s race & sports books lost a record $11.45 million on baseball in November, according to figures released by the state’s Gaming Control Board early Thursday morning.

That still didn’t keep the books from making an overall profit for the 52nd straight month as they profited $9.82 million on sports, plus another $4.25 million on the race side in a month that included the Nov. 3-4 Breeders’ Cup. The sports figures were bolstered by a $10.89 million win on football despite favorites dominating in NFL wagering (note: the state doesn’t split up college and pro football figures), with another $6.69 million in profits from basketball, $2.81 million from parlay cards and $1.5 million in the “other” category, which includes hockey.

The baseball loss is shown more in the fact that the $9.82 million sports win in November was down 48.79% from November 2016 and the overall hold percentage on sports bets was a mere 1.86%.

But while the headline news is about the huge baseball loss in November, it’s a little misleading. There was only one MLB game during the month, Game 7 of the World Series when the Houston Astros beat the Los Angeles Dodgers 5-1 on Nov. 1 to claim their first world championship.

Nevada books obviously didn’t lose $11 million on that one game, right? So what accounts for the massive loss?

Well, for one thing, the Astros were popular future-book plays and those winners were paid out the night of Nov. 1 at the earliest.

But do you remember the wild week of betting that preceding Game 7? It was already a pretty popular World Series betting matchup, but then there were the stories of the mysterious “Bettor X” going around to Vegas books and winning a string of six-figure bets no matter what odds he was laying. And then there were the big hedge bets from Houston furniture store owner Jim “Mattress Mack” McIngvale, who had a promotion in which he would refund the purchase price of your mattress if the Astros won the World Series, and ticket brokers hedging against the fear they would have worthless Game 7 tickets if the series didn’t go the distance.

All those winning hedges on the earlier World Series games, along with all the winning bets from regular customers that weren’t cashed by midnight on Halloween, were paid out in November with the losing wagers recording by the books as profits in October.

(Note: in a stat I haven’t seen anywhere else, Nevada’s sports books won a whopping $6.28 million on baseball in October, 38.48% better than October 2016).

back to news

FREE Email Sign-Up

Get the latest sports betting news & VSiN programming updates with this free daily email from VSiN, The Sports Betting Network.


View All
  • USATSI_15426698

    2021 NFL Draft best bets - Prop bets we like

    The 2021 NFL draft will take place April 29-May 1 in Cleveland, Ohio. While it isn't the Super Bowl or NCAA tournament in terms of sports betting...
  • flatter

    Five favorites turn Derby top-heavy

    The rate of attrition from the Kentucky Derby is reaching a hard-to-imagine level. Rather than the usual springtime stories of horses coming up unfit,...
  • kuhn

    UFC 261: Best bets for Smith-Crute

    UFC 261 is slated for a rare triple-title night, and that usually offers matchups with different odds profiles. In this case, we have two established...
  • youmansdraft

    2021 NFL mock draft: Five QBs in top 10 picks

    The 2021 NFL draft is only a week away, beginning on Thursday, April 29. VSiN senior editor and host Matt Youmans gives his first version of a mock draft...
  • jvtrank

    NBA power rankings: Nets fall out of top 5

    Just a few weeks remain in the NBA regular season, but quite a few teams refuse to start buckling down. Brooklyn experienced one of the biggest drops...
  • reynolds

    PGA offers different look with team event

    Stewart Cink, 47, earned his second victory of the PGA Tour season with a four-stroke victory over Emiliano Grillo and Harold Varner III last weekend...
  • biglou

    Best bets for UFC 261 titles

    “Insight the Octagon” lost another best bet on last week’s UFC slate as Drakkar Klose was forced out of his bout with Jeremy Stephens...
  • macneil

    Handicapping marquee NHL games

    Montreal Canadiens at Calgary Flames (Friday, Saturday and Monday)   After two games in Edmonton, the Canadiens will travel a few hours south...
  • jvtclips

    Clippers sneaking into NBA elite

    Injuries have largely shaped this NBA season. A condensed 72-game schedule over five months has led to injuries to key players on multiple teams that...
  • hill

    Seeking value in NFL win totals

    Some people would say Christmas is their favorite holiday. Others prefer the candy on Halloween or the turkey on Thanksgiving. The revelation of NFL season...
  • tuley

    Tuley's Takes on baseball season

    We’ve taken the last two weeks off in the Tuley’s Takes home office as we spent spring break with the kids and, well, doing some spring cleaning....
  • makinennfl

    NFL stats foretell improvement, decline

    With the NFL draft approaching next week, bettors are ramping up their preparation to take on all the offseason futures wagering options available in...

VSiN Logo Plus

Free Trial

Make a risk-free bet on VSiN!


  • Afternoon subscriber-only email with highlights and best bets from the day's programs
  • Point Spread Weekly, VSiN's digital magazine on sports betting
  • 24-7 Live video stream of VSiN programs plus replays
  • Any special sport-specified betting guides we do
  • All exclusive subscriber-only stories and data on
Sign Up Now
Google Play
App Store