NCAA Tournament’s Second Weekend Leaves Sportsbooks in Good Position
A number of upsets in the Sweet 16 and Elite Eight have left just UConn as the remaining liability for one major sportsbook.
Want to get more Covers content? Add us as a preferred source on your Google account here . The Sweet 16 and Elite Eight rounds of the NCAA men’s basketball tournament went more the way of the sportsbook than the previous weekend, and multiple major liabilities at BetMGM were eliminated.
Key Takeaways Favorites went . 500 against the spread Thursday through Sunday. UConn is BetMGM’s biggest liability remaining in the futures market.
Final Four spreads are tight heading into Saturday. Favorites were 6-6 against the spread, including 1-3 on Thursday, with eight winning outright heading into the Final Four. “The second weekend of the tournament was favorable for the sportsbook with many underdogs covering or winning outright,” BetMGM senior trader Michael Ranftle said.
“Illinois upsetting Houston on Thursday was the best outcome for the book. On the futures market, the sportsbook is in good shape with UConn the only remaining liability. ” No.
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