Saint Peter’s March Madness Cinderella Run a Story of Riches for Oddsmakers

Saint Peter’s did the unprecedented during the 2022 men’s college basketball game tourney by being the first of all 15-seed to touch the Elite Eight. And the unlikeliest of Cinderella stories ended up existence a tale of riches for sportsbooks and oddsmakers.

During and after the Peacocks’ memorable pass of upsets o'er No. 2 Kentucky, No. 7 James Murray State, and No. 3 Purdue, sportsbooks took a bounty of process on Saint Peter’s. Many passing(a) — aka public — bettors plopped downwardly a few bucks on the Cinderella sledding all the way of life in what would live a nearly unthinkable feat.

Those bets apace added up, as oddsmakers fain recognized the process on the Jersey City, New Jersey, buck private Jesuit university. Sportsbooks had small wavering inward welcoming the action, as the experts matte up — fifty-fifty amid Saint Peter’s historical bleed over blue-blooded Bluegrass State — that the Cinderella would eventually falter.

But before cobbler's last night’s Elite Eight showdown betwixt Saint Peter’s and another NCAA hoops drab blood — Second Earl of Guilford Carolinas — oddsmakers reported that the Saint Peter’s liability was a growing concern.

With just deuce-ace teams standing between them and the NCAA Men’s Basketball Championship, BetMGM said yesterday that a Peacocks rubric would interpret the company’s largest loss inward history.

Oddsmakers Breathe Sigh of Relief

It became quickly apparent yesterday even that the Saint Peter’s lead was reaching its end. UNC henpecked from the start, as the Tar Heels jumped come out to a 9-0 direct and ne'er looked back.

UNC advances to a put down 21st Final Four appearance. The Tar Heels will take on rival Duke inwards the NCAA tourney for the number one time — a shocking statistic that few knew before UNC’s advancing Sunday night to foregather the Blue Devils.

Saint Peter’s goes home, but non before the Peacocks made the 2022 tournament single to remember. Their running play also provided a premium of win for sportsbooks.

BetMGM wasn’t solo inward reporting substantive activeness on Saint Peter’s. Since the Elite Eight was determined, FanDuel said Saint Peter’s accounted for 45% of its claim futures.

For Sunday’s game against the Tar Heels, bettors hard backed the underdog Peacocks, beingness given anywhere from 7.5 to 8.5 points.

Caesars Sportsbook said 62% of the money was on Saint Peter’s against UNC. Other books rooting for UNC yesterday included PointsBet, which said Saint Peter’s was responsible for(p) for 61% of the money, and DraftKings, which reported 59% of the hard currency on the underdog.

Future Unknown

Saint Peter’s coach Shaheen Holloway has led the Peacocks since 2018. But following his team’s historical run, his days at the shoal are potential numbered.

Holloway’s in public disclosed salary for this twelvemonth is $266,000. Rumors are swirling that nearby Mother Seton Charles Martin Hall — the school day Holloway graduated from in 2000 — is readying an extend to him as practically as 10 times that compensation.

Seton Hall is also where Holloway served as an help manager from 2010 to 2018.

I’m not worried around that right hand now,” Holloway said lowest night regarding Mother Seton Hall. “I’m worried around those 15 offspring men whose Black Maria are broken. It’s my chore as their leader to embolden them up, get sure they understand what they did the endure deuce weeks.”

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