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March

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NCAA Tournament Gambling: Bettor stands to win $1 million on Sparty

03.31.2015     07:53 AM     Printer Friendly
SportsMemo.com blog entry.
This is pretty impressive. Not that someone made the bet but that a Las Vegas sportsbook actually took the action.


"In my nine years at this sportsbook, I never accepted a bet that could result in us paying $1 million," Miller said. "The most I've ever seen won here was a $100,000 parlay."






Tags: College Basketball Michigan State Spartans Las Vegas




Teddy Covers' Las Vegas Wiseguy Report: Bettors gear up for Final Four

03.30.2015     08:17 AM     Teddy Covers     Printer Friendly
Submitted by Teddy Covers

SportsMemo.com blog entry.
The dust has settled from the madness that is March, with only four teams still standing in the NCAA Tournament.  And frankly, since the insanity of that opening Thursday morning when top seeds were falling like flies (Baylor, Iowa State, SMU), this tournament has not seen a bevy of upsets. 

In fact, the Vegas favorite advanced in 48 of the last 54 Big Dance games (48-6 SU, not ATS) since midday on the opening day of the tourney.  For only the second time this century, three #1 seeds reached the Final Four.  In this week’s Wiseguy Report I’m going to try to answer the question that everybody is asking: can anybody beat Kentucky; winners of 38 consecutive ballgames since the start of the season.

Since Kentucky is the most hyped team in recent memory, I’ll start with the Wildcats first.  Yes, this team won the title in 2012, going 4-2 ATS in the process during the Big Dance.  Yes, they reached the championship game last year; an undervalued commodity in March as they covered all four pointspreads on the way to the Final Four.  

But this year’s Kentucky team has simply gotten too much Read more



Tags: College Basketball Kentucky Wildcats Wisconsin Badgers Duke Blue Devils Michigan State Spartans Teddy Covers Las Vegas




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




Nevada sportsbooks may soon offer group betting

03.26.2015     06:27 AM     Printer Friendly
SportsMemo.com blog entry.
Nevada is trying to pass a bill that would allow "groups", not just individuals, to place bets at state run sportsbooks.




Tags: Las Vegas




Teddy Covers' Las Vegas Wiseguy Report: Who has what it takes to win the Big Dance Part II

03.09.2015     06:12 AM     Teddy Covers     Printer Friendly
Submitted by Teddy Covers

SportsMemo.com blog entry.
In Part I of this article last week, I took a basic look at the profile of the past 16 NCAA champions.  From that profile, I was able to make a short list of potential champs in 2015, consisting of the following 12 teams:  Virginia, Duke, Notre Dame, Louisville, Kansas, Baylor, Villanova, Wisconsin, Maryland, Arizona, Utah and Kentucky.

However, since that article was written last week, one of those 12 teams has been bounced from consideration, with Baylor suffering their eighth loss of the season at Texas in overtime.  I don’t think the Bears were serious contenders to win the title, but now that they are above the seven loss cut-off line, we can eliminate Scott Drew’s squad from the discussion entirely.

The next step in the elimination process is to look at the team’s records away from home.

The NCAA championship is not won on a team’s home floor.  Even with a favorable location one weekend, a team is still going to have to win Read more



Tags: College Basketball Teddy Covers Las Vegas




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




Teddy Covers' Las Vegas Wiseguy Report: Who has what it takes to win the Big Dance Part I

03.02.2015     08:50 AM     Teddy Covers     Printer Friendly
Submitted by Teddy Covers

SportsMemo.com blog entry.
History shows us many things about what it takes to be a champion.  I write this article every year, and in every year except for two, I have been able to identify the eventual NCAA National Champion among my elite level teams.   Both exceptions were the same team – UConn – making miracle runs to win the title as prohibitive longshots.

Last year, the Huskies were on the ropes in their tourney opener against St Joe’s, needing a late rally just to send the game to overtime.  Three weeks later, they cut down the nets as national champs at Jerry’s World in Arlington.  I didn’t see it coming.  Neither did the betting markets, with UConn priced in the 100:1 longshot range prior to the tournament.  And if a longshot like that wins every coinflip game in the tourney this year, I’m not likely to get it right either.

I write this article every year before the regular season is over, before the conference tournaments, before the tourney seedings are announced and before a single March Madness game has been played. And I’ve nailed the winner of the NCAA tournament four times in the last eight Read more



Tags: College Basketball Teddy Covers Las Vegas




Nevada approves Olympic betting

02.27.2015     08:20 AM     Printer Friendly
SportsMemo.com blog entry.
Nice to see Las Vegas expand its game with Olympic betting getting the approval of the Nevada Gaming Commission. We don't imagine the market will be all that big, nor will the lines compare to that of Pinnacle or other offshore giants. But it'll be a refreshing option for bettors looking for action prior to the football season. The 2016 Summer Olympics in Rio de Janeiro will run nearly the entire month of August.


“I think we’re going to do something very remarkable and add a new dimension to sports betting,” said commission Chairman Tony Alamo at the outset of today’s hearing. He said it will probably bring in a small amount of revenue, but nonetheless called it a “big deal” that “globalizes the legitimacy of what we do.”






Tags: Las Vegas




Teddy Covers' Las Vegas Wiseguy Report: Betting against the Washington Wizards

02.23.2015     11:45 AM     Teddy Covers     Printer Friendly
Submitted by Teddy Covers

SportsMemo.com blog entry.
Last week in this space, I highlighted a pair of NBA teams that had all the makings of being strong bet-on squads over the final two months of the regular season.  Those two teams – the Indiana Pacers and the Oklahoma City Thunder – combined to go 5-0 SU and 5-0 ATS in their first five games coming out of the All Star break.  I don’t think either one of those squads has even approached their peak yet, still offering tremendous bet-on potential moving forward.  In particular, OKC even without Durant in the lineup is capable of very big things, both SU and ATS.

This week I’m going to look at a single team on the other end of the spectrum – a dead nuts bet-against squad over the final two months of the campaign.  With sincere apologies to the Denver Nuggets, my #1 fade team in the NBA right now is the Washington Wizards.  While Denver is a lottery team that is being priced like a lottery team, Washington is still being priced as a strong playoff contender in the Read more



Tags: NBA Washington Wizards Teddy Covers Las Vegas



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"Las Vegas'"

February

28


 
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