Sports | May 2, 2018 10:40 am

Are Las Vegas Oddsmakers Rooting for Hometown to Lose in NHL Playoffs?

If the Knights win the Stanley Cup, the house is poised to lose.

The Vegas Golden Knights celebrate a third-period goal by Nate Schmidt #88 in the third period of Game Two of the Western Conference Second Round during the 2018 NHL Stanley Cup Playoffs at T-Mobile Arena on April 28, 2018 in Las Vegas, Nevada.  (Photo by Ethan Miller/Getty Images)
The Vegas Golden Knights celebrate a third-period goal by Nate Schmidt #88 in the third period of Game Two of the Western Conference Second Round during the 2018 NHL Stanley Cup Playoffs at T-Mobile Arena on April 28, 2018 in Las Vegas, Nevada. (Photo by Ethan Miller/Getty Images)
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Before the start of the NHL season in October, the Sin City’s expansion team, the Golden Knights, were installed as 500-1 long shots to win the Stanley Cup by Vegas oddsmakers.

Fast-forward seven months later and the Vegas Golden Knights are up by two games to one against the San Jose Sharks in their Western Conference semifinal series and are one of the favorites to hoist Lord Stanley’s cup in June.

If the Vegas Knights win big, a number of oddsmakers stand to lose big, as in seven-figures big.

It’s not all large wagers on the Knights that have created that situation as, in atypical behavior, many Vegas locals placed a small futures’ bet on the Knights as a souvenir before the season.

However, given the amount of attention the Knights have generated and traffic into sportsbooks they have created, potential losses could be offset somewhat by food and beverage sales as well as wagers placed on tables, slots and other playoff games.

Regardless, response to the Knights has been overwhelming, so whatever happens with the team’s Stanley Cup run, the club will be staying in Vegas.