Not only did Connecticut take care of Butler to win the national championship Monday night, but they made Las Vegas sports books a nice profit.
“The result was just fine,” said Mike Colbert, director of race and sports operations at Cantor Gaming. “There was a lot of public support for Butler at our properties (M, Hard Rock, Cosmopolitan), but Connecticut was the better team.”
The 53-41 final was one of the lowest in NCAA history, making the UNDER an absolute breeze for those who bet the total would not exceed 131. The Huskies were a 3-point favorite at tipoff.
“It was a satisfying result for us,” Colbert said. “What would really have hurt was if VCU had gone all the way. There were futures tickets out there at 100-1 that a lot of people took when VCU reached the Sweet 16.”
The 2012 college basketball futures odds will be coming out within a week at both Cantor and the Las Vegas Hilton.
As for this week’s Masters at Augusta National, Colbert said betting has been active.
“It’s the first time I can ever remember Tiger Woods not being the favorite,” he said. “At 10-1 odds, I can be very tempted to take him. But (Phil) Mickelson deserves to be favored off his three Masters titles.”
Mickelson became the 6-1 favorite after winning last week’s PGA Tour event Houston. He had not won a tournament since last year’s Masters and as of last week was second choice to Woods going into this year’s first major.
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