Betting: March Madness unders mean another good week for the books

Minty Bets is joined by Director of Trading for Bet MGM, Jeff Stoneback, to discuss the biggest winners and losers in the NCAA Tournament.

Video Transcript

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MINTY BETS: Time for Winners and Losers March Madness edition. I'm Minty Bets joined by Director of Trading for BetMGM, Jeff Stoneback. Jeff, before we get into the winners and losers, I have to ask you, unders were really trendy bet this weekend? Did you guys see an influx of bets on the under, and did it affect the books at all?

JEFF STONEBACK: Well, actually the public usually likes to play the over. So when there's a lot of games that go under, it's usually good for us. And that was the case here. You know, you're running into the last two games on Sunday and everything, but he's been thinking, oh, all these games have gone under. One of them's got to go over. But, you know, so it did turn out pretty good for us with-- even though it was one sided one way. If they had all gone over, we might have been in a lot of trouble.

MINTY BETS: [LAUGHS] All right, well, who were the winners of the book this weekend?

JEFF STONEBACK: Well, the public did much better than they did last week. The book was a-- over the four days was a small winner, even though the book ended up winning three out of four days. Friday was really big for the public. They swept the board. St. Peter's winning straight up was a gigantic win for them. Miami covering over Iowa State, Carolina over UCLA, and Providence covering against Kansas.

So they swept the board on Friday, but Thursday was a-- the book was a small winner. Houston over Arizona was a big win for the public. They lost the other three games, but overall, it didn't turn out too bad for them. Saturday, the public went 0 and 2. It was a pretty big day for the books. The Villanova over Houston was a gigantic game for the books. And that rode the wave on Saturday.

And then Sunday, kind of small winners on both. St. Peter's had won the game straight up again. Would have been a big loss. Carolina beat them, knocked out a lot of large liability for every operator around the country. And then Kansas taking care of Miami of Florida was also a winner for the books.

MINTY BETS: All right, Jeff, we look forward to seeing you next week after the National championship game. Thank you so much.

JEFF STONEBACK: Thank you. Three games to go.

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