There are few things more unsatisfying for sports bettors than when their team wins but doesn’t cover the spread.
Gamblers on the Raiders, consensus 2½-point favorites over the Broncos on Sunday, faced that bittersweet fate when Russell Wilson ran for a touchdown to cut Denver’s deficit to 25-23 midway through the fourth quarter.
But their faith was rewarded. The Raiders responded with a 75-yard TD drive, capped by a 7-yard scoring run by Josh Jacobs, to extend their lead to 32-23 with 2:02 left. They held on for their first win and cover when Mike Boone dropped a fourth-down pass from Wilson with 1:44 to go.
Bettors won big on the Raiders and a handful of other games to deal several sportsbooks their first losing Sunday of the NFL season.
Caesars Sportsbook alone dropped almost seven figures on the Raiders en route to a losing day.
“It was not horrible, but it was a losing day nonetheless,” Caesars vice president of trading Adam Pullen said. “It was bound to happen. The first few weeks were pretty solid for us. But it looks like the bettors turned the tables this week.
“It was a must-win game for the Raiders. Denver hasn’t looked too hot, so bettors banked on the Raiders.”
BetMGM won on the day overall but lost big on the Raiders in Nevada.
“That was our biggest loser of the day. A good six-figure loss,” MGM Resorts director of trading Lamarr Mitchell said. “We had a seven-figure handle on that game. It’s always going to be like that when the Raiders play at home.”