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LVH Sportsbook to host free screening of sports betting doc Life on the Line

01.23.2013     07:54 AM     Printer Friendly
UPDATE

According to LVH sportsbook director Jay Kornegay, there will be a free screening of the upcoming sports betting documentary Life on the Line in LVH's 1,500 seat main showroom at 5 pm on Saturday, February 2.





Sportsmemo's Teddy Covers featured in upcoming sports betting movie Life On The Line

01.21.2013     07:54 AM     View Original Blog


I write about sports every week. Next week in this space, I’ll be writing about Super Bowl props. Two weeks from now, it’ll be all about college basketball through the end of March Madness. But not today. Today, Read more



Tags: Las Vegas




Who's up for trying to cheat a casino?

01.17.2013     02:17 PM     Printer Friendly
SportsMemo.com blog entry.
Great read by theverge.com on cheating in casinos.


"I don't know whether they're ever going to come up with a foolproof method where the house is always going to win," he continues. "And basically that's what a casino is supposed to be: every game in the house is rigged. Every game is rigged against the player. They're not fair — they're rigged. In every game there's a house edge they assume they have based on their analysis. And the whole thing a professional player is trying to do is figure where they made their mistake, what were they not expecting me to do, what did they think I wouldn't be able to see that I can see. There's just too many smart people in the world working to make money at the games, that protecting them is an impossibility."





Tags: Las Vegas




Proposed Las Vegas stadium an ideal fit for NFL games/team

01.17.2013     06:24 AM     Printer Friendly
SportsMemo.com blog entry.
So Las Vegas wants to build some sort of "Mega Events Center" similar to that of Cowboys Stadium. If built, said facility would obviously have the capabilities to host football games. What's funny is that those backing the plan aren't asking the NFL to do something logical like pull the plug on Jacksonville or go the expansion route. Instead, they're starting small, like playing host to a preseason game, or the pro bowl. If that works and Bill Belichick and Tom Brady aren’t involved in some elaborate point shaving scandal, then maybe the NFL would warm up to the idea of placing  a franchise in Sin City. The odds on that happening? Not good, according to some.



Tags: Las Vegas NFL




Big weekend for Las Vegas bettors and sportsbooks

01.04.2013     12:59 PM     Printer Friendly
SportsMemo.com blog entry.
Las Vegas sportsbooks gear up for a big weekend starting with Saturday's two NFL Wild Card matchups and ending Monday with the BCS National Championship.


“The national championship game will be equivalent to the pro games for us,” Wynn Las Vegas Race and Sports Director John Avello said. “Normally, the pro games are bigger, but this year they’re all going to be big writes.”

“I’d suggest that game will be the biggest turning point of the weekend,” Vaccaro said. “I’m almost sure we’ll need Minnesota, but not because of straight bets. The Packers will be tied into every parlay and teaser.”

“People who are betting Alabama are going to lay the 9.5 points,” Vaccaro said. “But there are a lot of people who would just rather root for Notre Dame to win. We’ve gotten a little attacked on the Notre Dame moneyline. That’s what we’re seeing so far, and I think that could be what we keep seeing.”





Tags: College Football NFL Las Vegas




Las Vegas hosts World Series of Beer Pong VIII

01.03.2013     08:28 AM     Printer Friendly
SportsMemo.com blog entry.

"These people come out here not because they like to drink but because they like to meet people, have a good time," Gaines said.



Yes, folks, quotes like that can only mean one thing – the World Series of Beer Pong is back. Channel your inner-bro and get down to Las Vegas’ Flamingo Hotel and Casino. Winner takes home 50K!




Tags: Las Vegas




Las Vegas oddsmakers painfully remember Week 9 of the NFL regular season

01.02.2013     07:10 AM     Printer Friendly
SportsMemo.com blog entry.
Las Vegas oddsmakers look back the disastrous NFL Week 9 in which favorites went 10-2 ATS and seven games went OVER the total.


"It's like you're a passenger trapped on a train to hell," said Jay Rood, whose 12 MGM Resorts' sports books at properties including Mandalay Bay, Mirage and Bellagio took a seven-figure hit that day.

"We know people will bet the Packers regardless, but all it takes is one sharp to say, 'Here's $50,000 on the Vikings,' to counteract making a [quick] line simply for the public," Kornegay said.

"Looking at this, I can tell you we'll need the underdogs to win in every game. Again," he said.






Tags: NFL Las Vegas




Vegas sportsbooks happy to see San Francisco's win over New England

12.17.2012     01:21 PM     Printer Friendly
SportsMemo.com blog entry.
San Francisco's win over New England and Detroit's egg at Arizona helped Las Vegas sportsbooks turn a profit for Week 15.


"The Lions losing was huge for us," said Osborne. "You basically had two teams playing for nothing, both on long losing streaks, but the public all sided with the Lions and their offense. The Cowboys’ overtime win against the Steelers was also good for us. It was the last posted event for us and all the major liability from the day made the Steelers a pretty big loss for us."

"Everything we won on the day would have been given back had the Patriots covered the spread," said South Point sports book director Bert Osborne.





Tags: NFL Las Vegas San Francisco 49ers Detroit Lions




Nevada's push for online poker goes stagnant

12.17.2012     06:56 AM     Printer Friendly
SportsMemo.com blog entry.
You can stop holding your breath, legalized online poker in Nevada will have to wait until at least 2013. Great read on the current situation courtesy of the Las Vegas Sun.


“As much as I would prefer a different outcome the reality is that we have simply run out of time in the legislative calendar to pass an Internet poker bill," Reid said. "I am disappointed but Senator Heller and I remain committed to this issue and it will be a priority for us in the new Congress.”

“I think this is sort of typical of politicians: It’s never Congress’ fault that they didn’t get their act together; there’s always some other reason,” said Alan Feldman, spokesman for MGM Resorts International, a member of the AGA. “If you’re a Democrat, it’s the Republicans’ fault; if you’re a Republican, it’s the Democrats’ fault; and if you’re trying to toe the line with both, it’s someone else’s fault. If someone wants to use that as an excuse Read more



Tags: Las Vegas




Las Vegas sportsbook betting kiosks compromised

12.04.2012     07:51 AM     Printer Friendly
SportsMemo.com blog entry.
Looks like some bettors took advantage of a few glitches in Leroy's betting kiosks.


The scheme, discovered during the NCAA men's basketball tournament in March, involved exploitation of a weakness in the kiosks. The schemer or schemers would repeatedly hit the deposit button on the kiosks immediately after inserting cash, causing the wagering account to be credited for twice the amount of cash inserted. This resulted in ''cash on hand'' shortages in the accounting journals for the affected kiosks, the regulatory complaint says.






Tags: Las Vegas




Las Vegas sportsbooks are allowed to lay off bets at other books

11.30.2012     07:02 AM     Printer Friendly
SportsMemo.com blog entry.
Interesting interview with Sporting News and the Nevada Gaming Control Board's Chief of Enforcement. One question that a lot of folks are curious about is whether or not sportsbooks can lay off bets at other sportsbooks. Apparently they can, but not offshore and they must identify their intentions when doing so.



Tags: Las Vegas



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"Las Vegas'"

February

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