Mad Bets: Bettors continue to profit fading the Jets

Minty Bets is joined by the Director of Trading for MGM Resorts, Jeff Stoneback, to discuss the top winners and losers from NFL Week 5.

Video Transcript

MINTY BETS: Welcome to Winners & Losers, everyone. I'm Minty Bets, and I'm joined by Director of Trading of MGM Resorts, Jeff Stoneback. Jeff, I think that the house did pretty well today, as three underdogs won outright. Is that the case?

JEFF STONEBACK: Yeah. We finally had a Sunday where we can hang our hats on and say we had a good Sunday. Of course, the Raiders beating the Chiefs was really big. We didn't win a whole lot on the straight bets on that game. That game opened up at 12.5 and we closed it at 10.5 So the professionals were wrong there. And we did take like a $100,000 bet at plus 10.5 right before kickoff. But the game right there with the teasers and the parlays, we did well with the Raiders knocking all of those out. So that was a big game for us, obviously. The Rams game was big for us. We opened up at 9. It went down to 7. They were on Washington there. So that was a big game for us. And also I don't think I've said this all year, I don't think I've said it for a couple years, but the Ravens actually covering against the Bengals was a good game for us. That game moved from 13.5 down to 12.5. So it's not too many times that we're rooting for the Ravens and the house actually wins when they cover. So, you know, overall, it was a very good day.

MINTY BETS: That's awesome. OK. And then who were the winners of the public today?

JEFF STONEBACK: Well, actually, the public only had two games where they won. And that was the Cardinals beating the Jets. That's like a broken record, you know. With the Jets, every week, we're on the losing side. And the Browns-Colts game was big. We opened up the Colts as a 2.5 favorite and the Browns went to a 1 point favorite. So those were the only two bad games for us today. But then we had to sweat out this night game again on a Sunday night, just like we do every night. Comes right to the end. So we did have somebody who had $290,000 on Seattle. And it looked like they were going to get there for a while. And it looked like it was going to be a big loss for us. But fortunately Minnesota came back, and we did OK.

MINTY BETS: Well, hopefully you guys were on the winning side today. And if not, there's always next week. Thank you so much, Jeff.

JEFF STONEBACK: Thanks for having me.

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