If you read news reports about gambling, you may see a reference to odds set in Las Vegas or “Vegas odds” and wonder what those are. Simply put, the country’s top experts on sports betting are mostly located in Las Vegas, and most take their odds to be the last word on how to look at the outcome of a game.
This expertise stems from the decades-long ban on sports betting outside Nevada, known as PASPA. One side effect of the ban was to concentrate the institutional knowledge of sports betting into one spot. So, Las Vegas may not be the only game in town anymore, but most top sports bettors and sportsbook operators still call the desert city home.