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A day in the life of a Las Vegas sportsbook

02.12.2014     07:42 AM     Printer Friendly
SportsMemo.com blog entry.
Good article on FOX Sports that centers around sports betting in Las Vegas and LVH's head oddsmaker, Jay Kornegay.


“We basically sell integrity,” Kornegay said. “We have to have integrity of these games, because if we lose that, we don’t have a product to sell. …I’m not saying we’re best friends because we certainly have our differences, but we are on the same side. They want to protect their product and we want to protect their product. We want to make sure that these games are fair and true. If there’s any kind of tampering, we want to report it just as much as they want to.”

“There are similarities between the two, sure, but (with gambling) the rest of the world has already legalized it and there’s proof that people already want it,” Kornegay said. “In my eyes, it’s a safer way to handle sports gambling, because you can’t do it on credit. If you bet through a bookmaker on credit, that’s how you get in trouble. If it was legalized,

Read more



Tags: Las Vegas




Las Vegas policy doesn't allow gambling on Olympics

02.06.2014     02:10 PM     Printer Friendly
Article courtesy of Linemakers on why betting on the Olympics is not allowed in Las Vegas. Meanwhile, you get down on anything from ice dance to curling futures at offshore sportsbooks like Pinnacle.


"Don't think that the Nevada Gaming Control Board doesn't want to be bothered," said Avello, "because they do listen and want to do what's best for the state, but they need to know every angle of each separate case. I would love to book (Olympic) hockey, and while I could probably prove that a large portion of the players are professional players, there are a handful of those players that are actually amateur that I might not be able to prove."



copy_pinnacle_olympics.JPG





Tags: Las Vegas




Steve Wynn teams up with Sheldon Adelson for anti-online gambling crusade

02.04.2014     07:27 AM     Printer Friendly
SportsMemo.com blog entry.
So now we have not one but two filthy rich, old, delusional casino execs saying no to online gambling.


“This is not a good entrepreneurial opportunity,” Wynn, who knows a little bit about entrepreneurship, said. “Where is the business opportunity? The big problem I see is I don’t see the government letting us keep the money.”

“(Legalizing web gaming) can’t get through the House of Representatives,” Wynn said. “They can’t agree on anything, especially something this esoteric.”







Tags: Las Vegas




Las Vegas sportsbooks rake in $19.6 million on Super Bowl XLVIII

02.04.2014     06:16 AM     Printer Friendly
Super Bowl XLVIII proved to be a profitable one for Las Vegas sportsbooks – and by profitable, we mean they absolutely crushed. A record $119.4 million was wagered and the books won $19.6 million – a ridiculous 16.5% return. It could have been worse had the first score of the game not been a safety.

Las Vegas Super Bowl Profits 1995-2014
Year
Matchup
Wagered
Net Profit
Win%
2014
Seattle 43, Denver 8
$119,400,822
$19,673,960
16.5%
2013
Baltimore 34, San Francisco 31
$98,936,798
$7,206,460
7.30%
2012
NY Giants 21, New England 17
$93,899,840
$5,064,470
5.40%
2011
Green Bay 31, Pittsburgh 25
$87,491,098
$724,176
0.83%
2010
New Orleans 31, Indianapolis 17
$82,726,367
$6,857,101
8.30%
2009
Pittsburgh 27, Arizona 23
$81,514,748
$6,678,044
8.20%
2008
NY Giants 17, New England 14
$92,055,833
($2,573,103)
-2.80%
2007
Indianapolis 29, Chicago 17
$93,067,358
$12,930,175
13.90%
2006
Pittsburgh 21, Seattle 10
$94,534,372
$8,828,431
9.30%
2005
New Engand 24, Philadelphia 21
$90,759,236
$15,430,138
17.00%
2004
New England 32, Carolina 29
$81,242,191
$12,440,698
15.30%
2003
Tampa Bay 48, Oakland 21
$71,693,032
$5,264,963
7.30%
2002
New England 20, St. Louis 17
$71,513,304
$2,331,607
3.30%
2001
Baltimore 34, NY Giants 7
$67,661,425
$11,002,636
16.30%
2000
St. Louis 23, Tennessee 16
$71,046,751
$4,237,978
6.00%
1999
Denver 34, Atlanta 19
$75,986,520
$2,906,601
3.80%
1998
Denver 31, Green Bay 24
$77,253,246
$472,033
0.60%
1997
Green Bay 35, New England 21
$70,853,211
$2,265,701
3.20%
1996
Dallas 27, Pittsburgh 17
$70,907,801
$7,126,145
10.10%
1995
San Francisco 49, San Diego 26
$69,591,818
($396,674)
-0.60%
 
 
$1,662,135,771
$128,471,540
7.72%





Tags: NFL Super Bowl XLVIII Las Vegas




Super Bowl XLVIII Gambling: Las Vegas sportsbooks clean up

02.03.2014     07:58 AM     Printer Friendly
SportsMemo.com blog entry.
Outside of the safety to open Super Bowl XLVIII, everything went right for the Las Vegas sportsbooks.


“The patrons went 0-2 — crappy game and lost money,” William Hill sports book director Nick Bogdanovich said. “It was a good day for the books.”

“That safety was a torch job,” Bogdanovich said. “It’s not a fun way to start off the day, getting six figures in the hole.”

“We were down $62,000 on the first play of the game,” Vaccaro reported. “We got dinged pretty good on that one, and a few others as the game went on.”







Tags: NFL Super Bowl XLVIII Las Vegas




Super Bowl XLVIII Betting: Line History Offshore and Las Vegas as of 1/29

01.29.2014     02:02 PM     Printer Friendly
Below is a chart of Super Bowl XLVIII's line history both offshore and in Las Vegas.

Super Bowl XLVIIII Line History Offshore and Las Vegas
Offshore
Opening Line
Current Line
Opening Total
Current Total
CRIS
Seattle -1.5
Denver -2
47.5
47.5
Pinnacle
Denver pk
Denver -2 (+101)
47.5
47
Greek
Denver pk
Denver -2
47
47.5
5Dimes
Denver pk
Denver -1 (-120)
50
47
Grande
Denver -2
Denver -2
48
47
Heritage
Seattle -1
Denver -2
47.5
47
Jazz
Seattle pk (-115)
Denver -1.5 (-115)
47.5
47.5
Bovada
Seattle -1.5
Denver -3
47.5
47un-115
Las Vegas
Opening Line
Current Line
Opening Total
Current Total
Hilton
Seattle -2
Denver -2
47
47
Wynn
Seattle -1
Denver -2.5
48.5
47.5
William Hill
Seattle -1
Denver -2.5
48
47
Coasts
Denver pk
Denver -2.5
48
47
Stations
Denver -1
Denver -2.5
48
47
Mirage
Seattle -1.5
Denver -2.5
48.5
47.5
Caesars
Denver -1
Denver -2.5
48
47





Tags: NFL Denver Broncos Seattle Seahawks Las Vegas Super Bowl XLVIII




Las Vegas games ranked by casino

01.29.2014     07:19 AM     Printer Friendly
SportsMemo.com blog entry.
Here's a list of the best Las Vegas casinos for various games. The list comes courtesy of Bob Sehlinger's Unofficial Guide to Las Vegas 2014. Feel free to object or agree in the comment box below.

Blackjack - Alamo
Quarter Slots - El Cortez
Dollar Slots - Palms
Craps - Casino Royale
Quarter Video Poker - The D
Dollar Video Poker - South Point
Roulette - Mirage
Baccarat - Palace Station
Keno - El Cortez
Bingo - Green Valley Ranch
Poker - Aria
Sports Betting - Palms
Let It Ride - Four Queens
Caribbean Stud - Venetian
Pai Gow - Gold Coast




Tags: Las Vegas




Dana White makes Floyd Mayweather seem humble

01.29.2014     06:33 AM     Printer Friendly
SportsMemo.com blog entry.
The most Dana White thing ever.


"I'm like, are you serious? We're going to get killed," White said. "They don't have some kind of suitcase where they put the money in. ‘You just beat us, here you go.' That's really the attitude. They just stack it all up there and go ‘thanks, have a great night.' We've had trash bags, we got to the point we started bringing our own bags."

"It's the rush and excitement of all rushes," White said. "What would you do if you put a $50,000 hand up there and you have to split ’em? There's nights I beat the casinos for $5,000,000."






Tags: Las Vegas




Teddy Covers' Las Vegas Wise Guy Report: Bettors gear up for Super Bowl XLVIII

01.27.2014     08:14 AM     Teddy Covers     Printer Friendly
Submitted by Teddy Covers

SportsMemo.com blog entry.
It’s Super Bowl time again; the moral equivalent of Christmas Day for sports bettors. Yet many of the professional full time bettors that I know are rather disappointed with the proposition betting opportunities this year – there’s simply not much low hanging fruit. The biggest and best sportsbooks (market leaders both here in Vegas and offshore) have learned from previous mistakes. Bad numbers do NOT abound in 2014.

Let me start with the game itself. The Super Bowl itself has been an underdog bettor’s paradise in recent years.  The Ravens won the Super Bowl last year as the underdog, beating the favored 49ers. The Giants won the year before as an underdog; knocking off the Patriots. In 2010, the Saints won straight up as a dog over Peyton Manning and the Colts. In 2009, the Cardinals covered the spread in a tight loss to the Steelers. In 2008, the Giants beat the favored 18-0 Patriots outright. The only favorite to win and cover in the last six Super Bowls was the Packers when they beat the Steelers in 2011.

The underdog trend in the Super Bowl goes back even further than that, with four consecutive dog covers from 2002 through 2005 Read more



Tags: NFL Denver Broncos Seattle Seahawks Super Bowl XLVIII Teddy Covers Las Vegas




Sochi Olympics team up with Las Vegas sportsbooks

01.22.2014     01:27 PM     Printer Friendly
SportsMemo.com blog entry.
Las Vegas has offered to help the upcoming Sochi Olympics keep an eye out for any suspicious betting patterns.


"The Nevada Gaming Control Board announced Wednesday that it was partnering with the International Olympic Committee to help guard against match fixing and other kinds of manipulation," according to the AP.






Tags: Las Vegas



15

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"Las Vegas'"

August

26


 
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