The news of LeBron James considering the Cleveland Cavaliers' offer has impacted the Vegas odds makers more than anyone. The Cavaliers, who opened up at 60-1 odds to win the NBA Championship are now going down according to Las Vegas Superbook.
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The Las Vegas Superbook isn't the only place that has taken a hit due to the talks of LeBron jumping to Cleveland. The Cavaliers are currently 10-1 at the MGM and have had more bets put on them than any other team in the NBA. By comparison, the San Antonio Spurs (9-2) and the Chicago Bulls (7-1) have collected more money in bets, but no team has had more than the 28 bets the Cavaliers have commandeered.
According to William Hill U.S. director of bookmaking Nick Bogdanovich, the bets on the Cavaliers aren't anything to write home about yet and he currently has the Cavaliers at 20-1 to win the NBA Championship.
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If James does choose the Cavaliers, Las Vegas Superbook assistant manager and head NBA oddsmaker Jeff Sherman believes that the betting odds for the Cavaliers will skyrocket. He has already lowered the Cavaliers down from their original 60-1 to 30-1, but believes he will lower it to about 8-1 if James signs in Cleveland.
James is expected to make his decision in the near future and, aside from changing the NBA landscape, he could put a serious dent in some pockets in Las Vegas.
[ESPN]
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