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Coin Toss Retains Its Place in History, if Not in Cricket NOV. 30, 2015

It’s an annual tradition: Every year, bookmakers make up a lot of goofy Super Bowl bets, known as “props.” The wagers bring good publicity and maybe earn the bookie a few bucks.

Only sometimes, it goes wrong.

Some of the most common Super Bowl bets revolve around the coin toss. Will it come up heads or tails? Who will win it? Will the winner elect to receive?

So when Bookmakers.eu, an online betting site based in Costa Rica, set the odds on whether the team making the call this year would choose heads or tails, it seemed like a fairly standard bet.