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Browns’ Super Bowl odds sharply reduced at sports book after big bet

Johnny Manziel AP

Ever been to a Nevada sports book and just stared at the odds board? Of course not — you have better things to do, such as attend pool parties.

Well, should you pay attention to that brightly colored board, you may see the odds move on a game or two, maybe a line or a total changing by a half-point or so.

So what causes odds to change? Well, any number of things. Sometimes, though, it’s the simplest answer — a big bet.

This brings us to the case of the Cleveland Browns’ Super Bowl odds at the MGM Resorts International sports books in Nevada. Cleveland, once 200-to-1 to win the title, is now 30-to-1 at the MGM books, according to David Purdum of BettingTalk.com.

MGM oddsmaker Jay Rood told Betting Talk that a “four figure” wager on the Browns last week caused MGM to slash its odds from 100-to-1 all way down to 30-to-1. Also, Rood indicated to Betting Talk that wagering on the Browns had picked up since the draft, when the Browns made a major splash by selecting quarterback Johnny Manziel No. 22 overall.

It’s important to note that future book odds — especially with long shots like Cleveland — can be more a reflection of the sports book’s potential liability on the team than anything else. In the end, oddsmakers have to adjust prices to manage risk. And not every Las Vegas sports book has the Browns that low of a price, as Betting Talk notes.

Nevertheless, it’s fascinating to think that somewhere out there, someone is holding a Browns ticket that will pay six figures if Cleveland wins its all.

Believeland, indeed.

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49 Responses to “Browns’ Super Bowl odds sharply reduced at sports book after big bet”
  1. seatownballers says: May 29, 2014 11:57 PM

    Ha. I’ll be shocked if they make the playoffs

  2. thestrategyexpert says: May 29, 2014 11:59 PM

    The Browns should have this division.

  3. ottawabrave91 says: May 30, 2014 12:04 AM

    Johnny Bet-all

  4. brownsmakemecrazy says: May 30, 2014 12:05 AM

    Lol. And that moron just lost 4 figures, considering the Browns will win only 2 games. They wont even make the playoffs

  5. bcmcknight77 says: May 30, 2014 12:09 AM

    In theory, these people have seen Johnny Football play before, right? This guy has Brady Quinn written all over him. He’ll be lucky to be a #2 somewhere in 5 years.

  6. ajd4 says: May 30, 2014 12:12 AM

    “someone is holding a Browns ticket that will pay six figures if Cleveland wins its all.”

    More likely, someone out there is holding a worthless piece of paper that they paid 4 figures for.

  7. thefox61 says: May 30, 2014 12:23 AM

    Hmmm…. wasn’t Johnny Foosball recently in Vegas?

  8. clevelandrocksyourface says: May 30, 2014 12:25 AM

    Whoever you are, you’ve got balls of steel and I hope you get to cash in that ticket.

    Superbowl, baby!!

    GO BROWNS!

  9. lukedunphysscienceproject says: May 30, 2014 12:32 AM

    OK, I’ll say it.

    A “four figure” wager caused the number to go from 200/1 to 30/1? I mean I know that could be anything from $1,000 to $9,999, but that still doesn’t seem like such a huge amount of money to cause such an enormous fluctuation in a spread.

    One rich drunk from Cleveland drops a G on his Brownies and the bookies go nuts? Sounds odd.

  10. oliverduckhunt says: May 30, 2014 12:34 AM

    Sports betting should be legal in every state gambling is legal, but the betting on the Browns? …could have burnt that money & been warm for a few minutes, at least that way you would have gotten something out of it.

  11. tanstewie says: May 30, 2014 12:37 AM

    I can already picture brian hoyer hoisting the Lombardi trophy after the Browns defeat the Packers in Arizona. (Its late, I may be sleep-posting again)

  12. qdog112 says: May 30, 2014 12:37 AM

    Either somebody has money to throw away or this is just like the time LeBron and the Cavs won the NBA championship.

    Oh wait …

  13. ddogdaddy says: May 30, 2014 12:38 AM

    A 4 figure wager was made last weekend on the Browns to win the Super Bowl in Vegas. Mmmmmmm, I do believe I heard there was a young dude that plays a kids game for a living, who likes to party, throw money around and does this funny “money” dance whenever he does something exciting, out there at the same time. Funny thing is, I can’t remember his name. Oh well, it was probably nothing.

  14. jayhawk6 says: May 30, 2014 12:45 AM

    The odds go down on the same weekend that Johnny Football is in town? The Commish better have a look at the tapes.

  15. andreweac says: May 30, 2014 1:15 AM

    Tebow time in the city where rivers were once ablaze!

  16. handsofsteelhartofstone says: May 30, 2014 1:18 AM

    Might as well set those dollar bills on fire. zero chance. zero.

  17. dmnirican says: May 30, 2014 1:20 AM

    Interesting that a huge bet is put on the Browns right around the time when Manziel was in Vegas…

  18. txtuff says: May 30, 2014 1:45 AM

    Since when is a four figure bet in Vegas big?

  19. bartpkelly says: May 30, 2014 1:54 AM

    4 figures…like 1,000 usd? That was enough to change it that much? Even 9,999 usd doesn’t seem enough to change it that much.

  20. N/A says: May 30, 2014 2:08 AM

    It was johnny football

  21. chunkderrrty says: May 30, 2014 2:17 AM

    No rookie qb has ever won a super bowl for a reason, whoever is making these bets is an idiot, probably wealthy but an idiot nonetheless.

  22. britishraven says: May 30, 2014 2:28 AM

    This person has just thrown away that 4 figure sum.

  23. priestequalsaura says: May 30, 2014 2:29 AM

    I do believe on a $10,000 bet that would actually be a $1,000,000 payout. Must be nice to be able to intentionally afford losing ten grand on Cleveland.

  24. jtdapit50 says: May 30, 2014 2:34 AM

    Wasn’t Johnny in Vegas during that time frame? Dude bet on himself.

  25. kferguson2002 says: May 30, 2014 2:52 AM

    Somebody just made a “four figure” donation to Vegas.

  26. sammadison says: May 30, 2014 4:25 AM

    A “four figure” wager at it’s absolute most could be 9999$, I highly doubt one bet of 10k or less would change the Super Bowl odds of the Cleveland Browns from a 200-1 to a 30-1 betting line.

  27. nickaroo77 says: May 30, 2014 4:39 AM

    “…someone is holding a Browns ticket that will pay six figures if Cleveland wins its all.” Wins it all this season, or this century?

  28. pantherpablo says: May 30, 2014 4:40 AM

    I put $20 for the Panthers to win it all a couple years ago at 100:1 odds. I don’t think the line moved. I guess I’m not a shark :(

  29. trublazer says: May 30, 2014 5:33 AM

    and the house wins….AGAIN

  30. dcapettini says: May 30, 2014 5:40 AM

    Not such a bad bet at 200-1. They have had a pretty good defense and there is no reason to think that it has gotten worse. The division isn’t as daunting as it was at one time. A run at the end of the season could get them in. The Ravens in 2000 really came out of nowhere and Tampa Bay the next year did the same.Good defense and an offense on a roll could get it done. The Jags or Washington, not so much.

  31. coonsqualler says: May 30, 2014 7:03 AM

    LMAO….And I bleed Orange and Brown!

    Just Sayin’…Go Brownies!

  32. ravenswhat says: May 30, 2014 7:04 AM

    4 figure bet on the browns because manziel got drafted? lol. A fool and his money soon parted.

  33. arb927 says: May 30, 2014 7:06 AM

    I really don’t understand how anybody could think the browns can the Super Bowl this year even if Johnny is as good as he was on the college level… They have no offensive weapons considering they lost their best receiver for the season.. Browns fans just need to wait a draft or two and then maybe they can stop competing for a playoff spot

  34. GenoAtkinswillnotbestopped says: May 30, 2014 7:19 AM

    It was me.

  35. rutchaser says: May 30, 2014 7:29 AM

    If he didn’t come close to winning a national championship in college why would some believe he would push this team to winning a Super Bowl? I know his defense was terrible at A&M but still…

  36. ytownjoe says: May 30, 2014 7:33 AM

    So, Johnny invested a little of his signing bonus?

  37. stealthscorpio says: May 30, 2014 7:39 AM

    Hmmm…where was Johnny last weekend?…LOL

  38. pacodawg says: May 30, 2014 7:43 AM

    Smart Man………………….Lock!

  39. jetsjetsjetsnow says: May 30, 2014 7:46 AM

    A four figure bet can be anywhere from $1000 – $9999. So that’s $100,000 – $999,999. A very wide potential payout. Doesn’t seem like very much for the book to be affected so much by this one bet. Must be a rinky dink operation…

  40. Goodell's Green Glasses says: May 30, 2014 7:51 AM

    Feel bad for the person who bet on them.

  41. boothisman says: May 30, 2014 8:09 AM

    I’d like to meet whoever bet four figures on the Browns to win the Super Bowl. I have some Enron stock I’d like to sell him.

  42. jimmysee says: May 30, 2014 8:11 AM

    I hope those odds extend to the Browns winning the Super Bowl in the next 25 years, not just in 2015. Otherwise, that five figure bet will be claimed by the sports book come next January.

  43. madmax80 says: May 30, 2014 8:33 AM

    Has anyone ever seen Brewsters Millions?

  44. kosarkid says: May 30, 2014 8:36 AM

    So Johnny Football just put a big bet on himself to win it all.

  45. pkrlvr says: May 30, 2014 9:24 AM

    A four figure bet changed Vegas odds? Boy that town really is having its issues if that’s the case.

  46. Brown Anchor says: May 30, 2014 11:25 AM

    “Four figures”, so a $1,000 bet swung the odds that much?

  47. bensstinkyfingers says: May 30, 2014 11:38 AM

    Word to the wise, don’t ever bet against Johnny football! It may not happen this year, but this kid will bring a championship to Cleveland! Watch the dynasty build momentum starting this season!

  48. dchetz says: May 30, 2014 11:46 AM

    Great… now i have to go “take the Browns to the Super Bowl”… Back in a few.

  49. dallascowboysdishingthereal says: Jun 1, 2014 5:06 AM

    Wasn’t Manziel running around in Vegas last week? Hmmmm

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