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Government threatens casinos that allow third party sports betting

01.20.2015     07:17 AM     Printer Friendly
SportsMemo.com blog entry.
The U.S. Treasury Department is cracking down on third party betting at sportsbooks including "runners."


“In these cases, the intermediaries rarely voluntarily disclose to the casino that a transaction is being conducted on behalf of a third party, thereby disguising the third party’s role in the transaction and obscuring the source of funds used to place the bet. This poses distinct money laundering risks for casinos,” FinCEN said in the letter.






Tags: Las Vegas




Super Bowl XLIX Gambling: Oddsmakers project game to go off as a pick 'em

01.19.2015     01:48 PM     Printer Friendly
SportsMemo.com blog entry.
After an initial rush of New England Patriots support, oddsmakers aren't expecting much if any line movement on the side for Super Bowl XLIX. Most sportsbooks have settled in at a pick ‘em with a few offering Seattle -1.


“You’re not going to see this one bounce around like you did last year,” asserted Jimmy Vaccaro of the South Point sports book. “Last year the whole world was in love with Denver early and there was a crush at the (betting) window. But this game is going to stay right around Seattle a 1-point favorite or pick ‘em the whole entire way.”









Tags: NFL New England Patriots Seattle Seahawks Super Bowl XLIX




NFL Super Bowl XLIX Gambling: Offshore and Las Vegas pointspreads

01.19.2015     07:59 AM     Printer Friendly
SportsMemo.com blog entry.
Quick rundown of the opening and current pointspreads at key offshore and Las Vegas sportsbooks for Super Bowl XLIX.

CRIS Opener: Seattle -3 O/U 49
CRIS Current: Seattle -1 O/U 48.5

Pinnacle Opener: Seattle -2-05 O/U 48.5
Pinnacle Current: Seattle pk-16 O/U 48

BetOnline Opener: Seattle -3-05 O/U 49
BetOnline Current: Seattle pk O/U 48un-16

Cantor Opener: Seattle -2.5 O/U 49
Cantor Current: Seattle pk O/U 48.5

LVH Opener: Seattle -2.5 O/U 48.5
LVH Current: Seattle pk O/U 48

Wynn Opener: Seattle -2.5 O/U 49.5
Wynn Current: Seattle -1 O/U 49.5

Stations Opener: Seattle -2 O/U 49.5
Stations Current: New England -1 O/U 49.5




Tags: NFL Super Bowl XLIX New England Patriots Seattle Seahawks




Teddy Covers' Las Vegas Wiseguy Report: NBA Eastern Conference Betting News and Notes

01.19.2015     07:45 AM     Teddy Covers     Printer Friendly
Submitted by Teddy Covers

SportsMemo.com blog entry.
There’s only one meaningful game remaining in the 2014 football season.  Meanwhile, the NBA has reached the halfway point of the 2014-15 campaign without much fanfare.  In this week’s Wiseguy Report, I’ll be focusing on NBA Notes and Quotes from three pointspread outliers from the Eastern Conference.  How can we make money off these teams as they morph from contenders to pretenders or vice versa?  Read on to find out!

The Atlanta Hawks have been the single most under-reported story of the current NBA season, by a fairly wide margin.  Make no mistake about it – right now, the Hawks are the best team in the Eastern Conference and it’s not even close!  And, as a smaller market team without marquee superstars, Atlanta continues to retain their pointspread value; still very much a bet-on team two full months after their hot streak started!

Hawks head coach Mike Budenholzer was a longtime Greg Popovich assistant in San Antonio, and his team is drawing comparisons to the Spurs on a nightly basis.  Budenholzer’s squad relies, like the defending champs, on ball movement and depth.  The Hawks lead Read more



Tags: NBA Atanta Hawks Chicago Bulls New York Knicks Teddy Covers




NFL Handicapping: Bettors gear up for Conference Championships

01.18.2015     08:18 AM     Printer Friendly
SportsMemo.com blog entry.
Quick last minute look at both NFL Conference Championship matchups for today. In the NFL, we've seen a more Seattle money with the line now up to -8 both offshore and in Las Vegas. The total has also been played down some to 45.5. New England remains -6.5 at most sportsbooks though bettors interested in Indianapolis shouldn't have any trouble finding +7. They are expecting balmy temps (45 degrees), some wind (10 mph), and thunderstorms/rain (85% chance) in Foxboro. A 75% chance of rain is forecasted for Seattle. No real shift in opinion from the betting public with the preference for both games to go over and the Packers (57%) and Patriots (67%). FiveThirtyEight.com's ELO Ratings favor both underdogs based on the current market prices with the Seahawks -7 and the Patriots -5.

Sportsmemo has service play selections on both games with Teddy Covers' 20* Packers vs. Seahawks Report and Rob Veno's 15* Colts vs. Patriots Report. Click here to purchase.




Tags: NFL Green Bay Packers Seattle Seahawks Indianapolis Colts New England Patriots




NFL Gambling Consensus: Betting public likes the over in both conference championship games

01.16.2015     08:10 AM     Printer Friendly
SportsMemo.com blog entry.
Here are the top consensus bets (side, total, and moneyline) for Sunday's NFL Conference Championship matchups courtesy of Bookmaker. After opening -7, Seattle is up to -7.5 even money at most offshore shops. There are still a handful of -7's available but with 20-25 cents worth of juice tacked on. New England was bet down from -7 to -6.5. Las Vegas bettors interested in the Indianapolis side should be able to find +7-120. Note that the percentages are based on the number of bets made not total handle.

SIDE
67.6% - New England -6 (-115)
53.0% - Green Bay +7.5 (-120)

TOTAL
72.5% - Indianapolis-New England OVER 53.5
67.7% - Green Bay-Seattle OVER 46

MONEYLINE
80.2% - Green Bay +275
68.3% - Indianapolis +225







Tags: NFL Green Bay Packers Seattle Seahawks Indianapolis Colts New England Patriots




Las Vegas sportsbooks report big volume on tonight's college football title game

01.12.2015     11:21 AM     Printer Friendly
SportsMemo.com blog entry.
Las Vegas sportsbooks say tonight's college football championship has received a ton of betting volume.


"It's as big as any college football game that I can remember," Bogdanovich, a 28-year Vegas veteran, said of the handle.

"It'll be easily as big as one of these games we've got going on today," MGM vice president of race and sports Jay Rood said, referring to Sunday's NFL playoff games. "We'll be into the seven figures (on Ohio State-Oregon)." 






Tags: College Football Ohio State Buckeyes Oregon Ducks Las Vegas




College Football Gambling Consensus: Public split on total for tonight's title game

01.12.2015     10:39 AM     Printer Friendly
SportsMemo.com blog entry.
Here are the top consensus bets (side, total, and moneyline) for tonight's College Football Championship game between the Ohio State Buckeyes and Oregon Ducks courtesy of Bookmaker. After opening -7, Oregon dipped as low as -5 before setting in at -6 offshore with a few -6.5's in Las Vegas. The total has seen some play down with 73.5/74 the current number after peaking at 75.5. Note that the percentages are based on the number of bets made not total handle.

SIDE
62.2% - Oregon -6

TOTAL
50.0% - Over/Under 73.5

MONEYLINE
74.7% - Ohio State +180




Tags: College Football Ohio State Buckeyes Oregon Ducks




Teddy Covers' Las Vegas Wiseguy Report: NFL Conference Championship matchups are set

01.12.2015     07:52 AM     Teddy Covers     Printer Friendly
Submitted by Teddy Covers

SportsMemo.com blog entry.
The NFL has never embraced the Final Four moniker, but that’s exactly what we’ve got left in this NFL season.  Four teams.  Three remaining meaningful games (sorry, I’m not counting the pro bowl as meaningful, even if you choose to wager on it).  One champion, yet to be crowned.

And there’s one strong commonality among the four teams still standing after two weekends of NFL Playoff action.   Each of the four teams still standing is there because of their quarterback.  As the league has adjusted their rules year by year, making it more difficult to defend the passing game, the very best QB’s have taken advantage of those rule changes, making them nearly impossible to defend.

Bettors probably remember the Patriots gameplan when they travelled to Indy in Week 11; one of four games this year where the Pats were installed as underdogs by the betting markets.  Bill Belichick installed a radically different gameplan than most Pats fans (and their betting supporters) were used to.  New England played for extended stretches with six offensive linemen in power rushing formations, finishing the game with Read more



Tags: NFL Indianapolis Colts New England Patriots Seattle Seahawks Green Bay Packers Teddy Covers Las Vegas




Las Vegas sportsbooks want betting on the Olympics

01.09.2015     07:28 AM     Printer Friendly
SportsMemo.com blog entry.
Las Vegas sportsbooks are pushing to make betting on the Olympics legal. For whatever reason, the Gaming Control Board wouldn't allow it whereas offshore sportsbooks like Pinnacle offer an endless array of both summer and winter Olympic betting options. The next Olympic games is scheduled for Rio de Janeiro in the summer of 2016.


“It’s a different world out there,” said South Point bookmaker Jimmy Vaccaro. “Anything that we add that draws any attention or brings anybody in is a huge plus … They won’t be knocking down the doors to make bets on this, but it’s just one more thing that we think we should be able to do.”






Tags: Las Vegas



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Copyright © 2007 SPORTSMEMO, INC, 1-800-575-3069. Sportsmemo.com is the nation’s premier resource for sports betting and handicapping information. Get free football picks, free NFL picks, free college football picks, free baseball picks, free NBA picks, free college basketball picks, free hockey picks, free golf picks, and free soccer picks from the nation’s top handicappers. Sportsmemo's sports betting insight and analysis comes from some of the most respected sports handicappers in the sports gambling industry including Ted Sevransky (Teddy Covers), Brent Crow of Alatex Sports, Rob Veno, Erin Rynning, Otto Sports, Andrew Lange, Sammy P Sports, Ian Cameron, and Drew Martin. Listen to these handicapping experts daily on the Sportsmemo Radio Show from Noon-2 pm PST on Fox Sports 920AM in Las Vegas and the web at Sportsmemo.com.  Missed the Sportsmemo Radio Show?  Past shows are available on Sportsmemo.com's radio archive page. Looking for daily sports betting tips and sports betting advice on the MLB, NBA, NCAA, NFL, NHL, AFL, and PGA? Check out the interactive sports betting posting forum, matchup statistics, power ratings, expert handicapping blogs, and original sports betting articles from the Sportsmemo team that specializes in sports information from a pointspread perspective at Sportsmemo.com.   Aug 02, 2015 07:51 PM.