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March

27

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Teddy Covers' Las Vegas Wiseguy Report: NFL Mini-Camp Betting News

06.22.2015     01:34 PM     Teddy Covers     Printer Friendly
Submitted by Teddy Covers

SportsMemo.com blog entry.
All 32 NFL teams have concluded their OTA’s (organized team activities) and mini-camps over the past few weeks.  There’s nothing else on the horizon for the NFL before the start of training camps in mid-July.  Therefore, it’s time for bettors and fans alike to fixate on the news trickling out of those mini-camps over the last few weeks.  Here are half a dozen such reports, with teams listed in alphabetical order and information coming from local sources.

Arizona Cardinals - Arizona was an elite team with Carson Palmer behind center last year.  When Palmer got hurt, they were still a pretty good team until Drew Stanton got hurt as well.  Once Arizona was down to a third stringer at quarterback, the back end of the season was ugly as they closed out with a 2-5 stretch, culminating in a blowout to Carolina in the Wild Card Round of the playoffs.

Both Palmer and Stanton fully participated in mini-camp, with Palmer entering the new season as the clear starter, even at 35 years old and coming off his second ACL surgery.  Palmer wowed observers at mini-camp, looking extremely sharp in 11-on-11 Read more



Tags: NFL Arizona Cardinals Atlanta Falcons Buffalo Bills Houston Texans San Diego Chargers Tennessee Titans Teddy Covers




Drunk guy owes Vegas casino $500K

06.18.2015     09:51 AM     Printer Friendly
SportsMemo.com blog entry.
We'd be really interested to find out just how many gamblers win cases against casinos that allegedly feed them copious amounts of booze that result in a copious amount of debt. Here's one dude that got wasted and now owes the Downtown Grand $500K.




Tags: Las Vegas




Teddy Covers' Las Vegas Wiseguy Report: The Curious Case of the Philadelphia Eagles

06.15.2015     09:24 AM     Teddy Covers     Printer Friendly
Submitted by Teddy Covers

SportsMemo.com blog entry.
It’s not hard to predict which NFL teams are going to be the betting favorites coming into the campaign.  Look no further than the NFL Season Win Totals markets.  Just about all of the top teams – teams lined at nine wins or higher – have one commonality.  In a quarterback’s league, they all have top tier quarterbacks.

Baltimore has Joe Flacco.  Dallas has Tony Romo.  Denver has Peyton Manning.  Green Bay has Aaron Rodgers.  Indianapolis has Andrew Luck.  New England has Tom Brady.  New Orleans has Drew Brees.  Seattle has Russell Wilson.  That’s eight of the ten teams that are lined at 9 wins or higher this year; all squad with elite level quarterbacks.  Miami, with the promising Ryan Tannehill firmly entrenched as the starting QB, is lined at nine wins in many locations as well (8.5 with juice to the over in others).

And then there’s Philadelphia, lined at 9.5 wins in most locations.  The Eagles have Sam Bradford and Mark Sanchez battling for the starting job.  With Bradford – their big offseason pickup and the former #1 overall draft choice from 2010 Read more



Tags: NFL Philadelphia Eagles Teddy Covers




NBA Handicapping: Oddsmakers and bettors continue to respect Golden State Warriors

06.11.2015     09:21 AM     Printer Friendly
SportsMemo.com blog entry.
Through three games of the NBA Finals, the Cleveland Cavaliers have unquestionably outplayed the Golden State Warriors. And yet despite that the Warriors are still getting a lot of respect in the betting markets. Despite being down 2-1 in the series, Golden State is still a short favorite (-115) to win the title. And for tonight's Game 4, after opening -2.5 they were bet up to -3 before settling back in at -2.5 (plenty of -3's in Las Vegas). Public-wise there appears to be a divide: those who feel Golden State will bounce back and those going off the first three games with Game 3 tickets nearly split down the middle. And after Game 1’s total closed 203.5 we’ve seen a 10-point adjustment with tonight’s total 193.5/193.




Tags: NBA Golden State Warriors Cleveland Cavaliers




Bettors holding on to American Pharoah tickets

06.11.2015     09:09 AM     Printer Friendly
SportsMemo.com blog entry.
Of the over 94,000 $2 win tickets placed on American Pharoah to win the Belmont Stakes roughly 95% haven't been cashed as bettors have chosen to keep it as a souvenir. Those who did cash their tickets took home $3.50. A quick Google search showed that an uncashed ticket from Secretariat's famous Belmont win in 1973 goes for around $500.









NFL gets pissy over Fantasy Football convention in Las Vegas

06.10.2015     08:29 AM     Printer Friendly
SportsMemo.com blog entry.
It doesn't get anymore NFL than this. A bunch of players were slated to host a Fantasy Sports event at a Las Vegas casino but the league stepped in and kiboshed the whole deal. The reason? Because it was slated to take place at a casino which is a no-no according to the league. The real reason, as pointed out by one of the slated attendees, Tony Romo, was of course money. The NFL makes a shit-ton of cash off of fantasy football but reportedly didn't stand to make a dime, hence the cancellation.


"There's just far too many cases and it does make it sound sometimes that it's an issue about money, which is disappointing because we were just trying to get the fans to hang out with players."






Tags: NFL Las Vegas




Las Vegas sportsbooks to take syndicate bets

06.09.2015     08:30 AM     Printer Friendly
SportsMemo.com blog entry.
It was recently announced that Las Vegas sportsbooks will legally be able to take bets from "business" groups. It's an interesting move considering the number of operations that already limit individual players who win and/or bet big. The new law states that the group must maintain a bank account within the state of Nevada and are obviously subject to taxation.


"It will be a choice of the various books and their appetite for risk. The same way it is today," Lipparelli said. "They determine what level of risk they want to accept. It's their right to refuse service to anyone they wish, if they determine that somehow they feel that this is going to be too difficult, too risky for them, they may elect to stay out of it."









Tags: Las Vegas




Teddy Covers' Las Vegas Wiseguy Report: Bettors show early opinions on Jets and 49ers

06.08.2015     08:36 AM     Teddy Covers     Printer Friendly
Submitted by Teddy Covers

SportsMemo.com blog entry.
The NFL futures market is heating up as the calendar turns to June.  Two teams in particular have seen significant action.  Money has poured in against the San Francisco 49ers, the #1 bet against team of the offseason, without a shred of debate.  And money has been flowing in support of the New York Jets. I did debate using the Minnesota Vikings as my top wiseguy bet-on team in early trading, but the markets have moved towards the Jets with a vehemence that Minnesota just can’t match.   In this week's Wiseguy Report, I’ll dive into the 49ers and Jets to see why the sharps have such strong opinions about their upcoming campaigns.

There’s no mystery surrounding all the anti-49ers money that’s been pouring in since the very first win totals were posted at CG Gaming back in February.  The markets hated the loss of hard driving, overachieving head coach Jim Harbaugh and they certainly don’t care for his replacement Jim Tomsula; a largely anonymous Niners assistant with no previous NFL head coaching experience (he did coach the Rhein Fire on NFL Europe for one season back in 2006). 

Most big, early Read more



Tags: NFL New York Jets San Francisco 49ers Minnesota Vikings Teddy Covers Las Vegas




Gambling Update: Judge tosses out case against World Cup betting operation

06.01.2015     01:00 PM     Printer Friendly
UPDATE

It official. The case against Malaysian gambler Paul Phua and his alleged illegal sports betting operation at Las Vegas’ Caesars Casino was tossed out. Basically the evidence was there but the Feds got trigger happy and didn't go about gathering said evidence in a legal manner. Amateurs, dude. 





Judge wants to throw out evidence in sports betting case

02.05.2015     12:56 PM     View Original Blog


Looks like the Feds muffed this one. Evidence used in the case against a Malaysian gambler Paul Phua and his Read more








Teddy Covers' Las Vegas Wiseguy Report: NBA Finals Preview - Cleveland vs. Golden State

06.01.2015     07:59 AM     Teddy Covers     Printer Friendly
Submitted by Teddy Covers

SportsMemo.com blog entry.
There were a handful of relatively minor upsets in the first two rounds of the playoffs, but the favorites in each conference took care of business.  The Golden State Warriors and Cleveland Cavaliers have dominated the postseason, losing only five playoff games between them on their way to the NBA Finals. 

Both teams faced their only tough tests in the second round – Cleveland had to rally back from a 2-1 series deficit to beat Chicago, while Golden State turned things around after they too, trailed Memphis 2-1 in their second round series.  Since facing those 2-1 series deficits, the Warriors are 7-1 SU, 5-3 ATS, while the Cavs have gone 7-0 SU, 4-3 ATS, with two of those three pointspread defeats coming by exactly a half a point (Games 4 and 5 against the Bulls).

The Warriors opened in the -250 range over the Cavs for the Finals, significant favorites to win their first title since 1975.  We have seen a smidgeon of Cleveland money, with the Warriors down to about -220 here in Las Vegas from the opener, slightly higher offshore.  But make no mistake about it – the Warriors are the clear wiseguy choice in this Read more



Tags: NBA Cleveland Cavaliers Golden State Warriors Teddy Covers



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