Baylor's win over Gonzaga is a big win for sportsbooks
Tue, Apr 6th 7:16am EDT
At BetMGM for example, Gonzaga was their biggest championship liability as the Bulldogs earned 16.6% of their tickets and 26.7% of their handle. By comparison, Baylor only received a 5.9% ticket percentage and 3.6% of their handle. Nevertheless, BetMGM's three biggest liabilities heading into the tournament (Michigan, Illinois, Gonzaga) all fell short. Other sportsbooks like DraftKings also made out well on the game due to a promotional offer they reaped the benefits from. DraftKings offered bettors +100 odds at Gonzaga +4.5 (max bet of $25). When the Bulldogs lost by 16 points, DraftKings collected all those wagers bettors placed on the Bulldogs getting 4.5 points. Other bets to cash with Baylor's win was a No. 1 seed to win the championship (-200 odds before the tournament) and the Big 12 conference to win the championship (+175 odds before the tournament).