BetMGM Reveals Insights into the Betting Markets for F1 Heineken Silver Las Vegas Grand Prix 2023

BetMGM has provided some fascinating insights into the betting markets for the upcoming F1 Heineken Silver Las Vegas Grand Prix 2023. The company revealed that Max Verstappen is commanding the majority of the F1 handle, indicating a strong preference for the Dutch driver among bettors.

With the highly anticipated race on the horizon, BetMGM is gearing up for what could potentially be the largest handle in the company’s history for a formula racing event. With a presence in 26 markets and nine retail sportsbooks within MGM Resorts International’s Las Vegas properties, the company is strategically positioned to capitalize on the growing popularity of motorsports.

Matt Prevost, BetMGM’s chief revenue officer, expressed his excitement about the event, stating, “Race weekend in Las Vegas has the potential to shatter every company record for the sport. Popularity for automotive sports in the U.S. continues to grow and the activity we’re already seeing around this event is remarkable.”

Providing further insights into the betting markets, BetMGM revealed that Max Verstappen’s odds to win have shifted, moving from -350 to -275. Meanwhile, Charles Leclerc and Fernando Alonso also saw movements in their odds, reflecting the changing sentiments of bettors.

Additionally, BetMGM disclosed the handle percentage for Max Verstappen, Lando Norris, and Sergio Perez, with Verstappen leading the pack at 58.6% of the total handle. The company also identified its biggest liability as Logan Sargeant, followed by Lando Norris and Sergio Perez.

In terms of the highest ticket percentage, Lando Norris emerged as the leader, with 15.8% of the tickets. BetMGM also highlighted various bet props, including the odds for Sergio Perez to finish in the top 3 and the likelihood of any other driver to win the race versus Verstappen.

Beyond the betting insights, BetMGM announced that MGM Resorts’ Bellagio Fountain Club will offer premium experiences during the event, including top-notch dining, cutting-edge viewing experiences, live race viewing, and a post-race commentary panel featuring top racers.

However, the event has not been without controversy, as some of the arrangements, such as pedestrian bridge view blocks and the impact on the lives of homeless people, have drawn criticism from Las Vegas citizens and tourists. Despite the debates surrounding the event, the F1 Heineken Silver Las Vegas Grand Prix 2023 is poised to deliver an exhilarating experience for both racing enthusiasts and bettors alike.

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