|Westgate has OVER-UNDER cautions set at 6.5 for Kobalt 400|
The reason is simple: Las Vegas has a captive audience of over 100,000 people in town for the race. More racing fans means more volume; more props mean more ways for the book to ensure a profit for the weekend, the same strategy employed for the Super Bowl.
If the Westgate has to pay out lots of Jeff Gordon-to-win bets at 7-to-1 odds, the book's back-up plan -- props -- will help negate the loss. In the Super Bowl, many bettors cashed on 13-to-5 Patriots-to-OVER parlays, and if parlays were the only betting option, Las Vegas books would have shown a hefty loss. But between the Super Bowl props and futures, the books showed a $3.3 million profit.
The volume wagered on Las Vegas' NASCAR Sprint Cup race will be only a fraction of what was written for the Super Bowl ($116 million), but the same bookmaking concept applies.
Read More Here....complete list of props and a few selections