Las Vegas: Circa still faces $4.5M overlay in football contests

Las Vegas: Circa still faces $4.5M overlay in football contests

Article brief provided by Las Vegas Review-Journal
  • Todd Dewey, Las Vegas Review-Journal
September 6, 2022 7:02 PM
  • Todd Dewey, Las Vegas Review-Journal

Five days before Saturday’s entry deadline, Circa Sports is a long shot to meet its $6 million in guaranteed prize money for its $1,000-entry Circa Million IV contest.

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The downtown sportsbook needs 6,000 entries to meet its guarantee, up from $4 million last year. It had 3,160 on Monday for a $2.8 million overlay, or the amount of money the book must add to the prize pool in addition to the entry fees.

“I have a better chance of making the NBA than we do of reaching the guarantee in the Circa Sports Million,” said 5-foot-8, 130-pound Circa sportsbook operations manager Jeff Benson. “Our players can look forward to a huge positive expected-value opportunity, with us not getting anywhere close to the 6,000 required entries to break even.”