Betting The Spread

Betting the SpreadIt is estimated that more money is bet on a Monday night football game than changes hands in that day's stock market. Americans bet at least $5 billion illegally a week on pro and college football. Minimum. As many as 40 million American adults placed $5.5 billion in bets on the Super Bowl, either with friends, in office pools or with bookmakers.In 1976 Nevada's eight legal sports books handled nearly $57 million in wagers. For the year leading up to June 1996--the latest figur...