This year, the San Francisco Giants have been a force to be reckoned with. They’re the team that has taken the MLB by storm, and they’re on track to win their first World Series in decades.
The san francisco giants world series championships 2014 is a story that has been going on for a while. Multiple sportsbooks stand to lose more than $1 million if the Giants win the World Series.
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ESPN’s Doug Kezirian
- Analyst for ESPN Sports Betting
- Daily Wager’s host
- Host of the podcast Behind The Bets
The San Francisco Giants, who finished the season with the best record in the majors while being 100-1 long bets to win the World Series, have their eyes set on another distinction: Sportsbook crusher, since several operators stand to lose more than $1 million if they win the title.
“Honestly, if the Giants win, we get crushed,” MGM director of trading Jeff Stoneback told ESPN, detailing the possible net loss after accounting for all bets on the other 29 teams.
Even though the Giants never faltered on route to a 107-55 regular-season record, bookies only progressively reduced the odds during the year. In late July, bettors could have had them at 10-1.
“We didn’t believe they had a chance,” SuperBook executive director John Murray told ESPN, adding that the Arizona Diamondbacks were even projected to finish higher. “The (Los Angeles) Dodgers are the greatest baseball club in our opinion. We’ve been thinking that the whole season, and it seemed inevitable that they’d pass the Giants.”
San Francisco won the National League West championship by one game over their opponents, cashing 40-1 tickets.
The Giants, on the other hand, are once again being written off and cast as underdogs heading into the playoffs. Despite having home-field advantage, the Dodgers are -160 favorites in the best-of-five National League Division Series.
“It’s essentially a blue-collar group. Gabe Kapler has done a great job of putting the whole squad into action on a daily basis “Dave Cokin, a long-time Las Vegas handicapper and baseball expert, said ESPN. “It was tough to detect since teams are seldom handled in this manner. I believe it played a significant role in avoiding slumps and maintaining what had to be excellent team chemistry.”
With 241 home runs, the Giants led the National League, although no one player hit 30. With 17 different players hitting at least five home runs, the team’s balance helped establish an MLB record. They also established an MLB record with 18 pinch-hit home runs.
The regular season victory total was set at 74.5 by the oddsmakers before to the start of the season. Since 1994, the Giants are just the second club to exceed their victory total by at least 30 games.
“Obviously, when you have a team with big odds and a good start, people jumped on them early at those high odds and they never went away,” Stoneback said.
Bettor interest was piqued by the Giants’ playoff success, which included World Series championships in 2010, 2012, and 2014.
Murray said, “It’s the same way we always receive futures on UConn and Syracuse in NCAA basketball.” “People believe they can do it because they’ve seen them do it before. For the last six or seven years, we’ve just shrugged it off. It certainly caught our eye this year. That’s all I’m going to say about it.”
Uncomfortable discussions were required when this financial risk reached a certain level of probability for bookmakers.
“I received a call from someone who said something along the lines of, ‘How did we ever get into that situation on the Giants?’” Murray remarked.
“When one person has $1,000 at 300-to-1 and another has $1,000 at 200-to-1, it’s difficult to reduce responsibility. Then there’s the sheer number of seats available since they’re such a popular team.”
There is a silver lining to the possible impact. Given the huge betting handle in both college and pro football, sportsbooks are usually prepared to sustain substantial losses throughout the football season. Because October includes five Saturdays and five Sundays, most bookmakers predict that this month will have the highest handle in 2021.
If the Giants win the World Series, bookies may tinker with the betting odds to reduce risk. In 2017, they faced a similar situation when the local and long-shot Vegas Golden Knights made it to the Stanley Cup Final in their first NHL season.
The warriors is the team that will stand to lose more than $1 million if San Francisco Giants win World Series.
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