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First weekend in May promises to be huge for Las Vegas

03.30.2015     07:20 AM     Printer Friendly
SportsMemo.com blog entry.
If you're into sports betting and thinking about making a trip to Las Vegas the spring, the first weekend in May looks to be ideal. For starters you have both NBA and NHL playoffs in full swing. Then there's the Kentucky Derby. And to close out the evening one of the biggest fights in history with Mayweather vs. Pacquiao at the MGM Grand.


“Other than Super Bowl Sunday, the single day will be as big as we’ve written in years.  Look for May 2 to be approaching the Super Bowl handle on Super Bowl Sunday, and that’s saying a lot.”






Tags: Las Vegas




Gamblers may have to give back winnings from casino gaffe

03.23.2015     08:00 AM     Printer Friendly
SportsMemo.com blog entry.
Here's a blast from the past. Back in 2012 a bunch of gamblers took advantage of a card shuffling blunder at Atlantic City's Golden Nugget Casino. The group of 14 gamblers won $1.5 million but are NOW being asked to return their winnings.


"By ordering the patrons to return the monies that were paid out by (the Golden Nugget) nearly three years after the game ended sends incredible conditional messages to the public: A win isn't necessarily a win, and that casinos will go after winning players who are without fault" if the casino or one of its agents were to blame, the gamblers said in a court filing asking the judge to reverse her February ruling in favor of the casino.











Teddy Covers' Las Vegas Wiseguy Report: Sweet Sixteen Betting Preview

03.23.2015     07:48 AM     Teddy Covers     Printer Friendly
Submitted by Teddy Covers

SportsMemo.com blog entry.
The insanity that is March Madness just provided bettors and fans alike with one of the more memorable opening weekends of NCAA Tournament action.  Now that the dust has settled, it’s time to take a look at the 16 teams still standing in the Big Dance from a pointspread perspective.  Which squads offer some semblance of betting value moving forward and which do not?  Read on to find out.

Two conferences stood out above the rest this past weekend.  The ACC sent a whopping five teams to the Sweet 16 out of six Big Dance entrants while going 11-1 SU.  But bettors didn’t make a dime supporting those ACC teams, who combined to go 5-7 ATS.  Duke was the lone ACC squad to notch a pair of pointspread covers.  Notre Dame was one of two teams (Kentucky being the other) to go 2-0 SU but 0-2 ATS.

The PAC-12, on the other hand, produced both SU and ATS success for bettors this past weekend.  The four PAC-12 entrants combined to go 7-1 SU, sending three teams to the Sweet 16.  Even more impressively, the conference combined to go 7-1 ATS; the lone non-cover coming in Arizona’s 21 point opening round win as 23 point Read more



Tags: College Basketball Teddy Covers




Teddy Covers' Las Vegas Wiseguy Report: Top Ten NCAA Tournament Betting Tips

03.16.2015     10:37 AM     Teddy Covers     Printer Friendly
Submitted by Teddy Covers

SportsMemo.com blog entry.
Times have changed.  Betting strategies for March Madness are not a static entity.  Betting markets, like all other markets, evolve over time.  Concepts that worked ten years ago don’t necessarily work as well in 2015. 

I first wrote a Top 10 Tournament Betting Tips piece for Playboy Magazine back in 2002.  I’ve updated it a couple of times over the years, but it definitely needed a thorough rewriting for the modern era.  Even with the edits, there are no surprises here – veteran bettors know this stuff already, but it never hurts to think about these concepts again as the Big Dance begins. 

1.) Look to fade teams that looked great last weekend.
First of all, this is a value based enterprise.  The single best betting strategy for any sport is similar to the best stock picking strategy or the best real estate investment strategy – buy low, sell high.  And it’s hard to buy low with teams that looked great in their conference tournaments.

There’s no such thing as carrying over momentum from conference tournament weekend to the Big Read more



Tags: College Basketball Teddy Covers




College Basketball Betting Free Play: Wisconsin Badgers at Ohio State Buckeyes

03.08.2015     08:35 AM     Andrew Lange     Printer Friendly
Submitted by Andrew Lange

SportsMemo.com blog entry.
Wisconsin at Ohio State
Recommendation: Ohio State +1.5 First Half


I don't buy into team's playing "extra hard" to earn a certain seed in the conference tournament or in the case of Wisconsin, the Big Dance. The Badgers already have the Big Ten regular season crown wrapped up and as a result there is talk about them earning a No. 1 seed come next week's Selection Sunday. I'm sure they'd take it but it'll have no bearing on the outcome of today's game at Ohio State. Visually, Wisconsin was the best team in the Big Ten but I go back to their favorable schedule with getting to play Michigan State, Maryland, Purdue, and today's opponent, Ohio State, only once. A few weeks ago, against a rested and ready Maryland squad, the Badgers were outplayed throughout as the Terrapins won 59-53 in College Park. Not getting as juicy of a price (Maryland was as high as +6) but still catching points with a reputable home team and home court. Should be a great environment with the game being televised nationally on CBS as well as OSU honoring its seniors. We'll look to use that positive energy on a first half play with the home side.




Tags: College Basketball Wisconsin Badgers Ohio State Buckeyes Big Ten Andrew Lange




Bitcoin poker website gets pinched

03.06.2015     12:21 PM     Printer Friendly
SportsMemo.com blog entry.
Crazy story about police raiding the house of an employee of an alleged illegal poker website that used Bitcoin as its currency.


“I’m a victim of the unfortunate systemic police state that has taken over the United States,” Micon said in a recent Skype interview from Antigua, where his family had already planned an extended vacation. “I was charged with no crime, yet armed men broke down my door, pointed many guns at me — of course, traumatized my family — and then proceeded to steal all of my good electronics.”

“Using Bitcoin technology does not generally make any activity more or less legal than it would be otherwise,” he said. Bitcoin isn’t a “get-out-of-jail free card” or a “cloak of invisibility,” Gzesh said, noting that if a site is operating without a required license, it’s doing so illegally, “whether you’ve used Bitcoin or not.”









Tags: Poker




Westgate Superbook to offer more handicapping contests

03.03.2015     11:55 AM     Printer Friendly
SportsMemo.com blog entry.
Famed for its NFL SuperContest, the Westgate is planning to expand is handicapping contests to other sports like college basketball, NBA, MLB, and NHL.

 

 

 




Tags: Las Vegas




March is Las Vegas' biggest month of the year

03.02.2015     01:48 PM     Printer Friendly
SportsMemo.com blog entry.
When it comes to visiting Las Vegas, no month is bigger than March. It's the top month in terms of tourists and also gaming revenue with over $800 million in 2014.


“It’s the cabin fever effect,” UNLV Lee Business School professor Jack Schibrowsky said. “March is usually the time of year when winter is still hanging on a lot of places, and a number of people are looking to take a long weekend to escape. Guys come out for a convention and add a couple days for a buddy golf trip, or vice versa.”






Tags: College Basketball Las Vegas




Congress slowly changing its stance on sports betting

02.26.2015     12:04 PM     Printer Friendly
SportsMemo.com blog entry.
Former Rep. Tom Downey (D-NY) had some logical things to say about the current state of sports betting. Downey feels that members of Congress are becoming more accepting towards the matter.


But, as Commissioner Silver said, “times have changed.” Not the least of those changes is the moral authority of the NFL. Moreover, all major sports leagues now have affiliations with online fantasy league gambling, exempted from the sports betting ban on the argument that skill, not luck, is involved. Knowledge of which players are worth investing in requires some study, of course, but so does deciding whether the Redskins can beat the point spread on any given Sunday. 

What has also changed is Congress. Based on my years of working with Members on and around this issue, I sense a new attitude and acceptance that the time is right to do something on internet gambling.











College Basketball Betting: Nebraska wants to get season over with ASAP

02.23.2015     11:49 AM     Printer Friendly
SportsMemo.com blog entry.
Things continue to head south for Nebraska as always candid head coach Tim Miles banned his team from the locker room following Sunday's 74-46 loss to Iowa. Miles had already hinted the Cornhuskers wouldn't accept a bid to a secondary postseason tournament should they even qualify. They've now lost seven of eight. NU's only win and cover during that span was when it somehow managed to pop for 76 points in blowout win over Northwestern. In their other seven games, they averaged less than 50 ppg. They close out the regular season with road games at Ohio State and Illinois and a home finale vs. Maryland.


“You never want to throw your players under the bus, but that was just beyond disappointing,” Miles said. “That’s not what we represent. I told our guys, ‘when I was at Southwest Minnesota State, to pay for shoes we used to have to go to the Renaissance Festival in Shakopee, Minnesota for a weekend and pick up trash. We were the trash guys.

“And if

Read more



Tags: College Basketball Nebraska Cornhuskers Big Ten



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