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Teddy Covers' Las Vegas Wiseguy Report: Prepping for the College Football season

05.23.2016     10:22 AM     Teddy Covers     Printer Friendly
Submitted by Teddy Covers

SportsMemo.com blog entry.
My summer homework progression is simple.  I do my NFL work first, because not that much changes in the professional ranks over the summer.  Once we’re done with the draft and the initial free agent signing period, it’s easy to make preliminary assessments of all 32 NFL teams.  While the season win total market is still a long way from true maturity, we do have a pretty good sense of two things.  First, how the 32 teams are projected, power ratings wise and second, how tough a team’s schedule is going to be.

When it comes to college football, I don’t do much until after the MLB All-Star break, and the majority of my college football prep comes in August.  Why the difference?  Simple – a lot more changes in college over the summer, and I’m not a big fan of doing the same work twice!  The depth charts that you’re going to see popping up in all the college football preview publications were accurate at the end of spring camp.  By mid-August, they’re essentially obsolete. 

There are many more players moving up and down the depth charts in college.  There are more Read more



Tags: College Football Teddy Covers




CG Technology in trouble with the Nevada Gaming Control Board

05.18.2016     07:58 AM     Printer Friendly
SportsMemo.com blog entry.
CG Technology is once again in a bit of hot water. The Nevada Gaming Control Board is going after the Las Vegas sportsbook for screwing up payouts to bettors due to what is being called a "software glitch."


“Consequently, (CG Technology) effectively ignored a group of several thousand patrons who had won their parlay wagers but who had underpaid their winnings and left responsibility to those patrons to bring an underpayment to the attention of (the company),” the complaint said.






Tags: Las Vegas




Raiders to Vegas makes little sense if locals can't bet on the games

05.17.2016     08:23 AM     Printer Friendly
SportsMemo.com blog entry.
While the odds of the Oakland Raiders moving to Las Vegas seem decent, the underlying issue is will local sportsbooks be able to offer lines on their games? Oddsmaker Jay Kornegay brought up a good point that if their games aren't on the board it'll continue to make sports betting look taboo.


“As much as we want to see a pro franchise, I certainly would not be in favor of taking those games off the board,” said Jay Kornegay, the race and sports book director of the Westgate Superbook. “It’d be sending the wrong message. It’s stating something is wrong with the industry.”

“Future sports betting, when it spreads across the United States, will be modeled after Nevada,” Rood said. “We’re one of the most highly regulated industries in America. I’d put us up against any banking or Wall Street regulations. That stringent. And I would think the leagues will embrace that. We want the same thing the leagues want: games played with integrity.”






Tags: NFL Oakland Raiders Las Vegas




Teddy Covers' Las Vegas Wiseguy Report: Bettors must be willing to change opinions on the fly

05.16.2016     11:37 AM     Teddy Covers     Printer Friendly
Submitted by Teddy Covers

SportsMemo.com blog entry.
Successful sportsbettors are not politicians.   Politicians take heat every time they change their opinion – flip-floppers!  A politician who is pro-choice on abortion, for example, will take enormous criticism from both sides, and will probably lose his or her next election if he or she switches to a pro-life stance.

Sports bettors, like politicians, are inevitably going to have some wrong opinions – about teams, about players, about coaches.  Bill Belichick was not a great coach with the Cleveland Browns, and was not highly regarded after suffering a losing campaign in his first year.  Greg Popovich certainly wasn’t a high profile, top notch hire when the Spurs decided he should be their head coach.  The Carolina Panthers weren’t taken seriously by most NFL analysts last year until they reached the Super Bowl.  Steph Curry wasn’t a superstar...until he was. 
Throughout the world of sports and sportsbetting, everybody – E-V-E-R-Y-B-O-D-Y! – is going to have some wrong opinions.  But the differences in how bettors deal with those wrong opinions is fairly dramatic; often the Read more



Tags: NBA Oklahoma City Thunder Golden State Warriors Toronto Raptors Cleveland Cavaliers Teddy Covers




College Football Betting: Games of the Year go up at South Point this afternoon

05.13.2016     06:38 AM     Printer Friendly
SportsMemo.com blog entry.
If you've got nothing to do this afternoon you can wander down to Las Vegas' South Point Sportsbook and place a few college football wagers. Games will be posted at 2 pm PT.




Tags: College Football




Nevada looks into sports betting app for out-of-state bettors

05.10.2016     08:23 AM     Printer Friendly
SportsMemo.com blog entry.

This is interesting. The Nevada Gaming Commission is considering a scenario where people from outside of the state can use its sports betting apps.


Tags: Las Vegas




Let's all dream about Mayweather vs. McGregor

05.10.2016     08:16 AM     Printer Friendly
SportsMemo.com blog entry.
Look, we’d all love to see Floyd Mayweather get pummeled. But Conor McGregor is not the answer. The mythical fight has Floyd as a -2000 favorite which is probably a little short.


"Floyd went mad after Conor said he would crush him and knock him out in 30 seconds, he's obsessed with making Conor eat his words," someone who was not identified told The Sun. "It was agreed in principle on May 2, but Floyd wouldn't reveal the identity of his opponent until last night when he told friends he'll be fighting Conor."






Tags: Boxing Floyd Mayweather




Teddy Covers' Las Vegas Wiseguy Report: How to Handicap NFL Season Over/Under Wins Part II

05.09.2016     10:47 AM     Teddy Covers     Printer Friendly
Submitted by Teddy Covers

SportsMemo.com blog entry.
Last week, I wrote about how taking a look back at EXACTLY what happened throughout the course of the 2015 season can help bettors create more accurate opening power ratings for the 32 NFL teams for the upcoming 2016 campaign.  Instead of looking at aggregate numbers compiled at the end of the season, my methodology here is to track strength of schedule based on power ratings on the week the games were played. 

Taking the time to do that accurately gives bettors a much better idea of how a team came to accumulate their final record.  Did they underachieve because their schedule was tougher than it looked?  The Giants and Cowboys stood out here.  Did they overachieve because their schedule was weaker than it looked?  The Cardinals and the Jets stood out in that regard.

Once last year’s numbers are compiled and filed, it’s time to do the same thing for the upcoming campaign – creating more accurate numbers than you can commonly Read more



Tags: NFL Teddy Covers




Pete Rose isn't moving out of Las Vegas anytime soon

05.04.2016     08:16 AM     Printer Friendly
SportsMemo.com blog entry.
Pete Rose continues to dominate life.


“I’m 75 years old. If I want to bet on a baseball game or football game legally at a casino, get my ticket, go home and watch the game and enjoy myself, who gives a damn?

“What am I supposed to do, live in a cocoon somewhere? I’m not taking my house money down there to gamble.”






Tags: MLB Pete Rose




Teddy Covers' Las Vegas Wiseguy Report: How to Handicap NFL Season Over/Under Wins Part I

05.02.2016     10:25 AM     Teddy Covers     Printer Friendly
Submitted by Teddy Covers

SportsMemo.com blog entry.
Over the past decade, the NFL betting marketplace has evolved into a year round process. The very first Super Bowl odds for 2017 came out before the Broncos beat the Panthers in the Super Bowl this past February.  CG Technology posted lines for every NFL game through the first 16 weeks of the season prior to the draft.  Week 1 regular season lines are widely available right now.  And the NFL Season Win Total marketplace, while still a long way from maturity, has seen a handful of key shops, like the Westgate Superbook, post virgin numbers in recent days.

My process for handicapping the upcoming NFL season begins immediately after the draft.  This is the time of year to focus on those aforementioned season win totals.  My NFL prep work begins each spring with a thorough look back at last year’s results.

Why look back, you ask?  The answer, of course, is simple – because that’s where I find my very first edges when approaching the upcoming season.  If my base power rating heading into the offseason wasn’t wholly accurate, it results in inaccurate adjustments moving forward.  Part 1 of my process begins Read more



Tags: NFL Teddy Covers



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