South Point sports book director Chris Andrews announced Monday morning on Twitter that the book will drop from minus-110 to minus-105 on team side bets in the NCAA Tournament through the rest of the 2017 event.
Vigorish will stay at minus-110 on totals and in the NIT and other minor tournaments.
This promotion for Las Vegas sports bettors, which the South Point also offered last year at this time, is a direct result of the huge betting interest in the tournament, and the anticipated flood of interest still to come with local betting favorites UCLA, Arizona, Oregon and Gonzaga playing in the Sweet 16 later this week.
"We beat it last year. We held 5 percent on it," South Point oddsmaker Jimmy Vaccaro said. "If you're around this every day and laying $21 instead of $22, that's just more money in your pocket. The wiseguys are talking about it, and when you get those guys talking about it, you know it's a hit."
Andrews said NCAA championship "Yes/No" proposition prices on all Sweet 16 teams will be posted by Tuesday.