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The house doesn’t always win: Las Vegas may lose millions on the Golden Knights

LAS VEGAS — At the time, Nick Bogdanovich thought he was actually giving the Vegas Golden Knights pretty favorable odds. Bogdanovich’s William Hill sportsbook listed the city’s new hockey team as 250-to-1 long shots to win the Stanley Cup in their first year of existence. The true odds before the season, he said, should’ve been closer to 2,500 to 1.

“Every expert had them finishing dead last or maybe next to last in the Western Conference,” said Bogdanovich, William Hill’s chief oddsmaker.

With the Golden Knights holding a one-game advantage heading into Game 2 Wednesday night, William Hill could be three Vegas wins away from losing close to $2 million.