Las Vegas sportsbooks estimate a $5 million loss if Golden Knights win the Stanley Cup - Covers
If the Vegas Golden Knights win four more games this season and thereby hoist Lord Stanley’s Cup, then sportsbooks in Nevada will suffer the biggest futures loss – not overall loss - in the history of the Silver State.
The futures book represents betting on teams to reach a certain milestone - like win a championship - rather than winning one specific game. Wagers are taken all season long and even in the months leading up to the beginning of the schedule, with odds adjusting throughout the year depending on betting handle and a team’s chances of reaching that milestone.
Many Stanley Cup futures tickets were written on the Golden Knights many months ago at very long odds. Now, after winning the Western Conference crown, Vegas is an 11/10 favorite awaiting its opponent from the East in the Stanley Cup final, which is scheduled to start Monday, May 28, and bookies in Nevada are staring down a lot of red ink.