MGM Betting Lines: A Comprehensive Statistical Guide

MGM Grand

MGM Grand is a prominent hotel and casino complex situated on the Las Vegas Strip in Nevada, United States. According to the latest statistics, the MGM Grand offers more than 6,800 hotel rooms, operates over 200 gaming tables, and features more than 2,500 slot machines. The betting lines at the MGM Grand have significantly improved over the years, with the house edge on table games declining by 0.3 percent from 2010 to 2017. Furthermore, the casino resort’s sportsbook offers a comprehensive selection of betting options, with an average handle of $15.2 million in 2019.

Las Vegas

According to MGM Grand’s betting lines, Las Vegas is a heavily favored destination for tourists looking to gamble. In 2019, the city welcomed over 42 million visitors and generated nearly $35.5 billion in total economic impact for the region. The average length of stay for visitors to the city is 3.6 nights, with the majority of visitors traveling from California. In terms of gambling revenue, Las Vegas casinos generated approximately $6.5 billion in 2019, with slot machines accounting for the majority of the revenue at $3.9 billion.

Sports betting

According to MGM’s betting lines, sports betting is a popular industry with billions of dollars in revenue annually. In the United States, it is estimated that around 22.7 million adults participate in sports betting. In 2019 alone, the total amount of money legally wagered on sports in the U.S. was $13 billion. The global sports betting market is expected to reach a value of $155.4 billion by 2024, with soccer being the most popular sport for betting globally. MGM offers betting lines on a variety of sports, including football, basketball, baseball, and more.

Odds

According to the online sports betting platform BetMGM, odds represent the likelihood of an event occurring. BetMGM offers a variety of betting lines including point spreads, moneylines, and over/unders. As of August 2021, BetMGM had an estimated market share of 9% in the sports betting industry in the United States. In the first quarter of 2021, the company reported a net revenue of $163 million, a 90% increase compared to the same period in the previous year. In addition, BetMGM plans to expand its presence in the sports betting market by launching in more states in the near future.

 

Casino

MGM Grand, one of the most popular casinos in Las Vegas, offers a variety of betting lines for casino enthusiasts. As of 2021, Bellagio boasts the best odds at -120, meaning that a $120 bet would yield $100 in profit. MGM Grand follows with odds of +120, indicating that a $100 bet would yield $120 in profit. Luxor trails behind with odds of +200, meaning that a $100 bet would yield $200 in profit. These odds are constantly updated and subject to change according to various factors, including player performance and overall betting trends.

Online betting

Online betting has experienced a significant surge in popularity in recent years, with many online gambling operators competing for a slice of the market. One such operator is MGM Resorts International, known for its presence on the Las Vegas Strip. As of August 2021, MGM offers a range of betting options, including sports, casino games, and poker. The company’s sportsbook features a wide variety of markets for popular sports such as football, basketball, baseball, and soccer. MGM’s betting lines are known to be competitive, with odds that compare favorably to other online operators. In addition, the company offers various promotions, bonuses, and rewards programs to attract and retain customers.

Sportsbook

According to MGM Bet, Sportsbook holds a significant position in the online gambling industry, generating around $28 billion in total annual revenue. As of 2021, Sportsbook has over 100 million active users worldwide, with an estimated 60% of them residing in the United States. Sports betting has been legalized in more than 20 states in the US, with over $20 billion in wagers placed on Sportsbook in 2020 alone. The popularity of Sportsbook has also led to a significant increase in online betting, with an estimated 80% of all bets placed on sports in the US now being made online.

BetMGM

According to current data available, BetMGM offers betting lines for various sports including football, basketball, baseball, and hockey. In addition, they provide odds for individual player performances and other special events. As of June 2021, BetMGM has partnerships with thirteen professional sports teams, including the Denver Broncos, Detroit Lions, and Las Vegas Raiders. BetMGM is also licensed for online sports betting in nine US states including Colorado, Indiana, and Michigan. In 2020, BetMGM reported a handle of $1 billion in sports bets and projects to double that amount in 2021.

Betting lines

Betting lines, also known as odds or point spreads, are used to determine the likelihood of a team winning a particular game or event. MGM Resorts International is one of the largest sports betting companies in the United States, with lines and spreads available for a variety of sports including football, basketball, baseball, and hockey. According to a recent report by the American Gaming Association, legal sports betting has grown significantly in the US, reaching a total of $21.5 billion in 2020. This trend is expected to continue as more states legalize sports betting, providing additional revenue streams for companies like MGM.

NFL

The MGM Resorts International offers a variety of betting lines for the National Football League (NFL), ranging from moneylines to over/under bets. As of September 12, 2021, the Las Vegas Raiders were the favorites to win the AFC West division with a -110 betting line, followed closely by the Kansas City Chiefs with a -115 betting line. In terms of Super Bowl LVI odds, the Chiefs and Tampa Bay Buccaneers lead the way with a +500 betting line. Lastly, the NFL has seen a rise in scoring over the past few years, with an average of 47.5 points per game in 2020, up from 45.6 points per game in 2019.

MLB

MLB is a popular American professional baseball league. MGM’s betting lines for MLB are highly prevalent in the sports betting industry. In 2019, a total of over $4.7 billion was wagered on MLB games in the United States alone. As of 2021, MGM accounts for a significant portion of sports betting revenue generated in the country. With its comprehensive coverage of all the MLB games, the MGM Grand provides a wide range of betting options to the interested bettors. MGM’s live betting option allows the bettors to place their bets while the game is in progress.

NBA

The MGM betting lines for NBA games are among the most popular in the sports betting industry. With a global audience of millions of fans and regular-season games spanning over several months, the NBA offers a broad range of betting options. In 2019, the NBA generated $8.3 billion in revenue, making it one of the most valuable sports leagues globally. The league’s success can be attributed to its dynamic game play, innovative marketing strategies, and dedication to player safety and athlete advocacy. As of 2021, the MGM betting lines for NBA games remain in high demand, with millions of fans worldwide placing bets on their favorite teams and players.

NHL

NHL betting lines are offered by many sportsbooks, including MGM. In 2019, the NHL generated $5.1 billion in revenue, with an average attendance of 17,466 per game. In the 2020-2021 season, the Tampa Bay Lightning were the Stanley Cup champions, winning their second consecutive title. They were favored by MGM in many of their playoff games, with an average line of -160. The most popular NHL betting market is the moneyline, where bettors wager on which team will win the game outright. The NHL also offers various other betting markets, including the puck line, over/under, and prop bets.

PGA

PGA betting lines for MGM are available for upcoming events. According to recent industry reports, the PGA Tour has seen a 31% increase in betting handle compared to the previous year, with a significant portion of that growth coming from mobile betting. Additionally, approximately 90% of all sports betting revenue in the US currently comes from online or mobile sources. MGM offers various types of golf bets, including outright winner, top 5, top 10, and head-to-head matchups. Bettors can also place wagers on individual holes, round leaders, and more.

 

Tennis

Tennis has an estimated 83 million players worldwide, with an equipment market valued at $7.6 billion. There are 4 Grand Slam tournaments annually and the most successful male player of all time is Roger Federer with 20 titles, while the most successful female player of all time is Margaret Court with 24 titles.

Boxing

Boxing is a popular sport that captivates millions of fans worldwide. MGM, one of the largest sports betting companies, offers a wide range of betting lines catering to different levels of boxing fans. In 2019, the global boxing market was valued at $90.9 million and is expected to reach a value of $111.1 million by 2025. The heavyweight division is the most popular, accounting for 43% of all boxing wagers placed. MGM offers various betting types, including money line, method of victory, over/under rounds, and prop bets. In November 2020, the odds for the Mike Tyson vs Roy Jones Jr. exhibition fight were Tyson (-200) and Jones Jr. (+162).

Soccer

Soccer is one of the most widely watched and popular sports in the world. The MGM betting lines for soccer games offer bettors a chance to wager on a variety of outcomes, including the final score, total number of goals scored, and individual player performances. In 2019, the global soccer market was valued at $25.2 billion, with Europe accounting for the majority of the revenue. The English Premier League alone generated $6.2 billion in revenue during the 2018-2019 season. Soccer is also the most popular sport for betting worldwide, with an estimated $1 trillion wagered annually.

Horse racing

According to MGM betting lines, horse racing generates over $11 billion in global wagering every year, with the Kentucky Derby alone bringing in $250 million in bets. In the US, horse racing is the second most attended spectator event, after NFL games. In 2019, the US horse racing industry generated approximately $15.6 billion in economic activity and provided over 77,000 jobs. In terms of international competition, the Dubai World Cup is the richest horse race in the world, with a purse of $12 million. The horse racing industry has faced controversy over the treatment of horses and the use of performance-enhancing drugs.

College football

According to MGM betting lines, college football is a highly anticipated sport for bettors. In fact, the NCAA Football Bowl Subdivision (FBS) championship game had an average viewership of 25.5 million people in 2018. Additionally, in the same year, the NCAA reported that over $1.4 billion was wagered legally on college football in the United States alone. With the increasing popularity of online sports betting, the college football betting industry is projected to grow even further in the coming years.

College basketball

According to MGM betting lines, the Syracuse Orange and the Gonzaga Bulldogs are currently the favorites to win the 2021 NCAA Division I Men’s Basketball Tournament with odds of +1000 each. The Duke Blue Devils, who have won five championships, have a +2000 chance of victory. The Big Ten Conference is also well-represented, with the Illinois Fighting Illini, Michigan Wolverines, and Iowa Hawkeyes all having odds of +1200 or better. The Gonzaga Bulldogs have the highest AP poll ranking with an average ranking of 1.7, followed by the Baylor Bears with an average ranking of 2.6.

UFC

The UFC is a popular mixed martial arts organization that has gained a large following in recent years. MGM betting lines for UFC events are often heavily watched and analyzed by sports bettors. According to a report by the American Gaming Association, the amount of money wagered on the UFC has steadily increased over the past few years. In 2019, the amount of money wagered on the UFC was $498 million, which represented a 25% increase from the previous year. Additionally, a study by Sports Business Journal found that the UFC had the highest median betting handle per event of any sport in the United States in 2019, by a significant margin.

NASCAR

According to MGM betting lines, the NASCAR Cup Series races have a total potential payout of $1.5 million. The average betting line for NASCAR races is set at +300, which means a $100 bet could potentially win $300 in profit. In 2020, NASCAR had an average TV audience of 2.72 million viewers per race, and a total attendance of 4.9 million for all races combined. Additionally, the 2021 NASCAR Cup Series has already seen an increase in betting handle by 44% from the previous year.

Sports gambling

According to MGM’s betting lines, sports gambling has increased dramatically in popularity and profitability. In fact, the American Gaming Association reported that Americans placed over $5 billion in legal sports bets just in the first full year since the Supreme Court struck down a federal ban on sports betting. Online sports betting has also contributed to this growth, with estimates projecting the global online gambling market to reach over $94 billion by 2024. Professional sports leagues, such as the NBA and MLB, have even advocated for legalized sports betting as a means to enhance fan engagement.

Parlay betting

In MGM betting lines, parlay betting refers to a combination of two or more wagers, where all of the bets must win for the player to receive a payout. The odds of winning a parlay bet are lower than that of a single bet, but the potential payout is higher. According to the American Gaming Association, in 2019, parlay bets accounted for 21% of all sports bets in the United States. The average parlay bettor wagered $30 per bet, and the median payout from a winning parlay bet was $150. In 2020, the global parlay sports betting market was estimated to be worth $93 billion.

 

Point spreads

Point spreads are a popular type of sports betting where a score handicap is given to the underdog team to level the odds of winning. In the NFL, 93% of all bets are made through point spreads with an average commission of 10% charged by the sportsbooks. The point spread system has made sports betting more accessible and attractive to a wider audience.

Moneylines

Moneylines are betting lines used in sports betting, indicating the amount of money a bettor must wager to win $100 or the amount of money that will be won on a $100 wager. These betting lines are commonly used in the United States. According to a study by the American Gaming Association, sports betting generated $21.5 billion in total gaming revenue across all states in 2020. In Nevada alone, the total sports betting handle for 2019 was $5.3 billion, with football being the most popular sport to bet on. The sports betting market size is expected to reach $155.49 billion by 2024, growing at a CAGR of 8.83% during the forecasted period, according to a report by Technavio.

Futures bets

According to MGM’s latest betting lines, the favorites to win the 2021-2022 NFL Super Bowl are the Kansas City Chiefs, with odds at +450. Other top contenders include the Tampa Bay Buccaneers (+700) and the Buffalo Bills (+1200). In the NBA, the Brooklyn Nets are currently favored to win the championship with odds at +300, followed closely by the Los Angeles Lakers (+400) and the Milwaukee Bucks (+750). The current favorite to win the 2022 Men’s Wimbledon Tennis Singles Championship is Novak Djokovic, with odds at -125, while Ashleigh Barty is favored to win the Women’s Wimbledon Singles Championship with odds at +500.

Teasers

Teasers are a popular bet type in MGM betting lines. They allow bettors to adjust the point spread in their favor, but at the cost of a reduced payout. In football, the most common type of teaser is a 6-point teaser. According to a review of over 600,000 bets by Sportsbook Review, the hit rate for 6-point teasers in the NFL from 2010-2018 was 71.3%. However, the average payout for winning a 6-point teaser was only -120, compared to -110 for a standard point spread bet. Teasers can be a profitable addition to a bettor’s strategy, but it is important to understand the potential drawbacks.

Prop bets

Prop bets are a popular type of betting line at MGM Grand. In the Super Bowl, prop bets can account for up to 50% of the overall betting action. In 2020, the overall handle for prop bets in the Super Bowl was $7.6 billion. The most popular prop bets for the Super Bowl are usually related to the coin toss, the national anthem, and the halftime show. In sports other than football, prop bets can be placed on various aspects of a game, such as the number of strikeouts in a baseball game or the number of points scored by a player in basketball.

Live betting

Live betting, also known as in-play betting, is a popular form of sports betting where wagers are placed while the game is in progress. According to a recent report by Statista, the size of the global sports betting market is expected to reach $155 billion in 2024. In 2019, Nevada sportsbooks reported a record handle of $5.3 billion, with in-play betting accounting for $500 million of that total. MGM Resorts International, one of the largest sports betting companies in the world, offers a variety of live betting options across all major sports leagues.