Betting on Kentucky basketball: Two sportsbooks hope it doesn't happen

Kentucky basketball is a top pick to win it all, but sportsbooks could be in trouble if they do. Place bets wisely!

Kentucky basketball fans are eagerly anticipating the possibility of the Wildcats winning their ninth national championship. However, this dream scenario for the team's supporters is a nightmare for two of America's largest sportsbooks, BetMGM and DraftKings.

Currently, Kentucky leads the nation in both ticket percentage and handle percentage at BetMGM and DraftKings. In Kentucky itself, more than 70% of bets are on the Wildcats to win it all, with even higher percentages at DraftKings. Despite the overwhelming support for UK, there is still value to be found in betting on them to win the national title, according to analyst Steve Bittenbender.

Bittenbender acknowledges the challenges of betting on a team like Kentucky with significant roster turnover each year but points to the elite recruiting classes the Wildcats consistently bring in as a positive factor. While the odds for Kentucky to win the championship vary across different sportsbooks, Bittenbender believes that the team's odds are often shorter due to the strong backing they receive from fans.

When it comes to wagering on specific Kentucky games, Bittenbender highlights the team's high-scoring offense as a key factor to consider. He advises fans to remain level-headed and not overreact to losses before placing bets. Ultimately, he suggests that fans who can withstand the ups and downs of a season can confidently bet on their team to come out on top.

In conclusion, the possibility of Kentucky winning another national championship is a source of excitement for fans and a cause for concern for sportsbooks. With the Wildcats' high-flying offense and strong recruiting classes, there is optimism surrounding their chances, despite the challenges of betting on a team with yearly roster turnover. Fans are encouraged to approach betting with a calm and rational mindset to maximize their chances of success.