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January

21

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Gamblers may have to give back winnings from casino gaffe

03.23.2015     08:00 AM     Printer Friendly
SportsMemo.com blog entry.
Here's a blast from the past. Back in 2012 a bunch of gamblers took advantage of a card shuffling blunder at Atlantic City's Golden Nugget Casino. The group of 14 gamblers won $1.5 million but are NOW being asked to return their winnings.


"By ordering the patrons to return the monies that were paid out by (the Golden Nugget) nearly three years after the game ended sends incredible conditional messages to the public: A win isn't necessarily a win, and that casinos will go after winning players who are without fault" if the casino or one of its agents were to blame, the gamblers said in a court filing asking the judge to reverse her February ruling in favor of the casino.











Teddy Covers' Las Vegas Wiseguy Report: Sweet Sixteen Betting Preview

03.23.2015     07:48 AM     Teddy Covers     Printer Friendly
Submitted by Teddy Covers

SportsMemo.com blog entry.
The insanity that is March Madness just provided bettors and fans alike with one of the more memorable opening weekends of NCAA Tournament action.  Now that the dust has settled, it’s time to take a look at the 16 teams still standing in the Big Dance from a pointspread perspective.  Which squads offer some semblance of betting value moving forward and which do not?  Read on to find out.

Two conferences stood out above the rest this past weekend.  The ACC sent a whopping five teams to the Sweet 16 out of six Big Dance entrants while going 11-1 SU.  But bettors didn’t make a dime supporting those ACC teams, who combined to go 5-7 ATS.  Duke was the lone ACC squad to notch a pair of pointspread covers.  Notre Dame was one of two teams (Kentucky being the other) to go 2-0 SU but 0-2 ATS.

The PAC-12, on the other hand, produced both SU and ATS success for bettors this past weekend.  The four PAC-12 entrants combined to go 7-1 SU, sending three teams to the Sweet 16.  Even more impressively, the conference combined to go 7-1 ATS; the lone non-cover coming in Arizona’s 21 point opening round win as 23 point Read more



Tags: College Basketball Teddy Covers




Teddy Covers' Las Vegas Wiseguy Report: Top Ten NCAA Tournament Betting Tips

03.16.2015     10:37 AM     Teddy Covers     Printer Friendly
Submitted by Teddy Covers

SportsMemo.com blog entry.
Times have changed.  Betting strategies for March Madness are not a static entity.  Betting markets, like all other markets, evolve over time.  Concepts that worked ten years ago don’t necessarily work as well in 2015. 

I first wrote a Top 10 Tournament Betting Tips piece for Playboy Magazine back in 2002.  I’ve updated it a couple of times over the years, but it definitely needed a thorough rewriting for the modern era.  Even with the edits, there are no surprises here – veteran bettors know this stuff already, but it never hurts to think about these concepts again as the Big Dance begins. 

1.) Look to fade teams that looked great last weekend.
First of all, this is a value based enterprise.  The single best betting strategy for any sport is similar to the best stock picking strategy or the best real estate investment strategy – buy low, sell high.  And it’s hard to buy low with teams that looked great in their conference tournaments.

There’s no such thing as carrying over momentum from conference tournament weekend to the Big Read more



Tags: College Basketball Teddy Covers




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




Bitcoin poker website gets pinched

03.06.2015     12:21 PM     Printer Friendly
SportsMemo.com blog entry.
Crazy story about police raiding the house of an employee of an alleged illegal poker website that used Bitcoin as its currency.


“I’m a victim of the unfortunate systemic police state that has taken over the United States,” Micon said in a recent Skype interview from Antigua, where his family had already planned an extended vacation. “I was charged with no crime, yet armed men broke down my door, pointed many guns at me — of course, traumatized my family — and then proceeded to steal all of my good electronics.”

“Using Bitcoin technology does not generally make any activity more or less legal than it would be otherwise,” he said. Bitcoin isn’t a “get-out-of-jail free card” or a “cloak of invisibility,” Gzesh said, noting that if a site is operating without a required license, it’s doing so illegally, “whether you’ve used Bitcoin or not.”









Tags: Poker




Pacquiao the early betting choice over Mayweather

03.04.2015     08:37 AM     Printer Friendly
SportsMemo.com blog entry.
After opening as a +250 underdog, Manny Pacquiao has taken most of the early money for the May 2 fight vs. Floyd Mayweather. Mayweather has settled in as a -200 favorite.


“I’ve never seen Mayweather this low eight weeks out before the fight,” said Jimmy Vaccaro, who has booked money on every big fight for the past four decades in Las Vegas. “This is as close as we get to a legitimate pick ‘em fight since Mayweather fought (Oscar) De La Hoya.”

“It’s a one-way attack on Pacquiao,” Vaccaro said. “We’re well into a six-figure loss right now if Pacquiao wins.”






Tags: Boxing Floyd Mayweather Manny Pacquiao




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




Understanding the realities of legalized sports betting

02.27.2015     08:29 AM     Printer Friendly
Well informed article by ESPN's Jeff Ma on the five myths of legalized sports betting.


Myth No. 5: It will create greater risk for game fixing

Myth No. 4: It will damage the sports betting business in Las Vegas

Myth No. 3: It will put local illegal bookies out of business

Myth No. 2: It will create more "problem gamblers"

Myth No. 1: It will result in large revenue for the leagues










23

Page 23 of 128
"Las Vegas'"

January

20


 
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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, Ian Cameron, Drew Martin, and Alex B. Smith. Listen to these handicapping experts daily on the Sportsmemo Podcast Monday-Friday at Sportsmemo.com.  Missed the Sportsmemo Podcast?  Past shows are available on Sportsmemo.com's podcast archive page. Looking for daily sports betting tips and sports betting advice on the MLB, NBA, NCAA, NFL, NHL, CFL, and PGA? Check out the interactive sports betting posting forum, 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.   Jan 21, 2017 05:21 AM.