By the time today’s Super Bowl ends, experts estimate that more than $1 billion will change hands from wagers made on the game.
Only a small portion, an estimated $100 million of those bets, will be made legally in Nevada.
Most bets will be made in places where sports wagering is illegal, but continues to thrive. Places like South Mississippi.
“It’s going on all right,” said Gulfport police Detective Capt. Pat Pope. “It’s prevalent. They’re making big money. A lot of times places are getting anywhere from tens of thousands of dollars to hundreds of thousands of dollars.
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“But the fine is woefully inadequate for the level of the operations. If you were selling cocaine and all you had to do was pay anywhere from $100 to $150 fine, it’s nothing. You’d pay it. As (the law) is now, it’s hardly a deterrent.”
Police know the bookmaking operations exist and have made several arrests in recent years. But officers in general say sports gambling, a misdemeanor in Mississippi, carries a much lower priority than felony crimes such as murder or rape.
“Do you go after the person selling meth or do we go after this?” Pope said. “We go after the drug dealer. We investigate (bookmaking operations) when we have time.”
The majority of wagers placed on today’s Super Bowl will be made Poker Online or through local bookies, and the magnitude of the game also attracts those who don’t usually gamble. For instance, some people will wager through office pools.
Today’s biggest wagers will likely be on whether the New England Patriots or the Philadelphia Eagles emerge as winners by a predetermined number of points, known as “the spread” or “the line.” In today’s game, the Patriots are favored by seven points. That means the Patriots have to win by at least eight points for their bettors to win their wagers.
Still others sports enthusiasts make proposition bets, one South Mississippi bookie said, wagering on such things as which team will win the coin toss or who will make the first touchdown or first catch. There are other options too, the bookie said, such as betting on whether a cheerleader will show some skin during the game or a streaker will dart across the playing field.
One bookie, who has worked in South Mississippi for the past 10 years, says he’ll get up to $3 million in wagers on a typical Super Bowl weekend.
But he’s not expecting to make much of a profit from this year’s game.
“What you want is to get an even amount of action on both sides so the bookmakers collect a lot of juice (money),” said the bookie. “We’ll do over $2 million this weekend. If you do $2 million, you get anywhere from $100,000 to $150,000 (in profits). That’s if it’s even. It won’t be (today) cause everybody’s betting on the Patriots.”
The bookie adds: “Sports betting is just like drugs and prostitution. Whether or not it’s against the law, they are going to do it.”
Experts say the big bookies of today work online or at universities, where a student bookie starts taking wagers until he is running a retail operation and accepting bets from hundreds of college coeds.
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