We tweeted about it last night, asking what were the opening odds on VCU to win the tournament? A little bit of research has revealed that VCU was part of what the casinos label "The Field" bet, a group of nineteen teams where any one of them winning paid 200 to 1.
Jay Kornegay, executive director of the race and sports book at the Las Vegas Hilton said, "I've been doing this for 22 years, I can't remember a field team making it to the Final Four." But apparently there was not much action at that point, supposedly the bets that are really poised to hurt Vegas if VCU wins the tournament were made just before the Sweet Sixteen. At that point, VCU had beaten Georgetown and Purdue. Vegas offered new odds on each Sweet Sixteen participant to win their tournament and set VCU winning the title at 80 to 1. Word is they took some big money action. Now they are worried.
Kentucky is the 8 to 5 favorite of books looking at the four teams left. VCU, if one were to hop at their bandwagon at this late date, only pays 13 to 2. My, my what a long way they have come.
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According to our boy Nate Silver and his model, the odds of VCU reaching the Final Four were 820 to 1 and they were more than 17,000 to 1 to win the title.
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