How was the betting menu designed for Super Bowl LVII?

This was the process with which Caesars Sportsbook produced most of the prop bets available for the Chiefs vs. Eagles game

He menu of bets The 22-page Caesars Sportsbook was designed by more than a dozen odds-setting specialists last Monday night while eating pizza and wings at an employee’s home in Las Vegas.

Approximately 60 percent of the odds of more than 2,000 options of bets different for the game on Sunday between the Kansas City Chiefs y Philadelphia Eagles came during a five-hour meeting at the residence of Caesars Sportsbook assistant director of business Adam Pullen, a veteran of game design. odds for the Super Bowl.

What will be greater? The number of yards from the longest field goal or total points scored. Third-down conversion high/low is at 10.5, with high as the favourite. Will he miss a fumble in the second half and overtime? The “No” is a slight favourite. Will there be extra time? You can bet on yes at 9-1, while Caesars is charging punters $5,000 for the chance to win $100 betting on no overtime.

Eventually, in states that allow it, the ups/downs of the duration of the national anthem will be published, along with the color of Gatorade with which the winning coach will be showered. can even be found prop bets stranger in the casinos from abroad, who do not face the scrutiny of regulations as stringent as those betting shops Licensed in the United States. For example, in a casino abroad, you can bet which movie scene will be shown by the head coach of the Philadelphia EaglesNick Sirianni, to his previous team before the Super Bowl.

Pullen, at Caesars, uses a database of prop bets previous Super Bowls to create a template for the menu of betsthen adds new options based on specific duels and stories for this year’s match.

“There are some bets that attract almost nothing, but you don’t want to take them away, if it’s easy to raise the price,” Pullen told ESPN. “We rarely get rid of things, almost never. But we are always adding.”

The probabilities specialists showed up at Pullen’s house with their laptops and spreadsheets around 5:30 pm Pullen facilitated the conversation at the meeting, asking the specialists present for their opinion on each of the probabilities. bets. He is quick to acknowledge that much of the process of designing odds It’s not “rocket science.”

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“The ones that are always the hardest to do are the ones that take into account the number of players that will have a carry attempt or the number of players that will have a reception for each team, because you have to look at the game plan,” Pullen said. “You look at how they did during the regular season and how they did in the playoffs reception-wise. Are they using the running game more than they did in the regular season? Those are the ones that take more time year-on-year than any of the others. Those are the ones that were most debated.”

Caesars released its first batch of bets for the Super Bowl on Tuesday, and more became available throughout the week. Professional gamblers and customers whose bets are respected by casinos make up most of the initial action in the prop bets of the Super Bowl. Between the prop bets that the bettors looked for was one based on the pass to the famous pass that the then quarterback of the Los Angeles Lakers caught. Eagles, Nick Foles, known as the “Philly Special” in his Super Bowl victory over the New England Patriots in 2018. Caesars offered a yes/no bet on whether a quarterback will receive a catch in the game. The “Yes” opened as an underdog at +450 and the “No” at -650. Money poured in on the “No,” including a $13,000 wager from a New York customer who bet with odds -650 for the chance to win $2,000. The odds with the “No” they almost doubled and the price increased to -1,200.

“The insiders will bet on ‘No,’ but we’re going to want them to win because if a quarterback catches a touchdown pass or if an offensive lineman or defensive player scores a touchdown, we’re going to get buried in that,” Pullen said. “Insiders usually bet on ‘No’ and down, and the public usually bet on ‘Yes’ and up.”

This is how they bet on the prop bets in the past

Ed Salmons, vice president of risk at the SuperBook, has been making and booking prop bets for the Super Bowl in Las Vegas for over 30 years, even in the days before the internet was accessible.

Salmons remembers to take bets for Super Bowls in the 1980s at the casino Imperial Palace in Las Vegas. I had a subscription to a sports news cable in the back to get the stats quick on Super Bowl Sundays, but it was a time consuming thing that regularly led to disputes between bettors and bookies. bets about whether a player had actually participated in the match.

“Just getting an official score with the play-by-play account, showing who played was hard to come by at the time,” Salmons recalled. “We used to record the matches in case anyone had a question. [sobre una apuesta] And we’d go back and watch the tape to make sure the player participated.”

Despite the fact that they were offered much less prop bets in the 1980s and 1990s, when the internet did not exist or was in its infancy, rate the bets it took hours. Salmos estimated that it would take three hours after the end of the match before they finished scoring all the bets. Now, however, Salmons said the process, thanks to better technology and more labor, is much more efficient.

“We literally started with the toss of the coin,” Salmons said. “From there, the initial kick, in which there are many prop bets. It starts out crazy. Usually the first five to 10 players on each team, there are a million bets to qualify. Plays happen faster than we can rate. We do the best we can with that. I would say now we are at the point where 45 minutes after the game, we have everything qualified. There was a time when it took two or three hours after a game to qualify everything.”