Alabama won. So did Las Vegas.
A touchdown pass by Deshaun Watson to Jordan Leggett with 12 seconds left proved too little, too late for the Clemson Tigers. But the points came just in time for Las Vegas.
Oddsmakers set Alabama as a 6.5-point favorite coming into the national championship game. Bettors, particularly casual ones enticed to lay money on the biggest games, famously favor the favorites. Atop this, gamblers who prefer moneyline bets—wagers based on odds rather than spreads—generally do so to bet underdogs. So, Clemson’s touchdown that made it 45-40 Alabama did enough for the Tigers to cover the spread but not enough for them to emerge victorious on the moneyline bet. So, the bookies won big on point-spread and moneyline bets.
Clemson covering the spread is a bigger story than Alabama winning the game, but gambling is illegal. Ok Merica.
— Marc Doche (@MDoche) January 12, 2016
Three times as much money has been bet on Alabama than on Clemson @LVSuperBook.
— David Payne Purdum (@DavidPurdum) January 11, 2016
An unbelievable night to finish off a dream college football season. Clemson covers the 7 for the 20 unit BANGER win and 2-1 on props $$$
— @GoldenBoyWins (@GoldenBoyWins) January 12, 2016
But the house did not enjoy a perfect night. The point total, around 50.5 for most bookies, went way over at a combined 95. The public likes the over the way they love the favorites.
Some legal establishments pointed to money favoring Alabama at a 3-1 ratio. Five points wins a football game. It doesn’t win a bet when a team enters the game at -6.5.