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Teddy Covers' Las Vegas Wise Guy Report: Who Has What It Takes to Win the Big Dance Part I

02.24.2014     07:43 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 every year except for one, I have been able to identify the eventual NCAA National Champion among my elite level teams.

Last year was no exception. Here’s what I wrote about Louisville in my ‘Who Has What It Takes’ article from 2013: “The Cardinals have star power, depth, experience and talent. They rebound, play defense and win games consistently away from home. Rick Pitino’s squad meets all the criteria that has been effective at predicting past championship. Plain and simple, Louisville has what it takes to win it all.” Louisville, of course, was the last team standing in the 68 team field last year, winning the national championship over Michigan.

Past predictions do not necessarily indicate future success, but I’ll stand by my track record in this article. Remember, as always, this gets written before the regular season is over, before the conference tournaments, before the seedings are announced and before a single tournament game has been played.

I’ve nailed the winner of the NCAA tournament four Read more



Tags: College Basketball Teddy Covers




Musburger talks sports betting on Las Vegas radio

02.24.2014     07:39 AM     Printer Friendly
SportsMemo.com blog entry.
Last Friday Brent Musburger was a guest on Las Vegas' ESPN 1100. It is a great listen – especially when Musburger starts talking pointspreads. Here's a link to the show.









Las Vegas Sands finally fixes hacked website

02.19.2014     12:55 PM     Printer Friendly
UPDATE

Remember a few days ago when hackers were messing with Las Vegas Sands' website? It turns out these dudes weren't messing around. They accessed employee SSNs as well as passwords for slots and player information. The hack was instigated by political comments made by CEO Sheldon Adelson. We were actually hoping it was some sort of pro-gambling coalition looking to mess with Adelson's idiotic anti-online gambling crusade.


“We have now determined that the hackers reached at least some of the company's internal drives in the U.S. containing some office productivity information made up largely of documents and spreadsheets,” a Las Vegas Sands spokesman said in an emailed statement. "We have seen the video and are continuing to investigate what, if any,

Read more








Las Vegas sports betting pool gets taken down

02.12.2014     11:41 AM     Printer Friendly
Incredible read courtesy of Betting Talk about a massive Las Vegas sports betting pool not paying out its winners.


“I kept hoping that this guy who ran these great pools and was so responsive in his emails wouldn’t have screwed all of these people over like that,” said one contestant who asked to remain anonymous. “But then I thought what the hell does he have to lose? Of course he had about $600k in his possession of other people’s money, so why not just run with it?”







Tags: NFL Las Vegas




Hackers go after Sheldon Adelson's websites

02.12.2014     08:19 AM     Printer Friendly
Looks like the line of people who have a bone to pick with casino mogul Sheldon Adelson is very long. Yesterday a bunch of websites run by the Las Vegas Sands were hacked.









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




Teddy Covers' Las Vegas Wise Guy Report: College Basketball Pointspread Underachievers

02.10.2014     07:56 AM     Teddy Covers     Printer Friendly
Submitted by Teddy Covers

SportsMemo.com blog entry.
Last week I wrote about the four best pointspread teams in the country in college hoops this year – Cleveland State, Villanova, Wichita State and Utah. Between the four, they combined to go 7-1 ATS over the past week, continuing to cover spreads even after doing so consistently for the past three months. In other words, the markets still haven’t caught up with these teams.

This week, I’m taking the opposite approach; examining the very worst pointspread teams in all of college basketball. Why are they so bad against the spread? Will they continue to be money losers as February rolls into March? And what statistical profile do these teams have in common that will help us identify them as early as possible next year? Let’s take a look!

I did a version of this column last year at this same time (second week of February). At that time, the single worst pointspread team in all of college basketball was Indiana-Purdue Indianapolis, abbreviated IUPUI. This year, IUPUI isn’t the single worst pointspread team in college hoops only because they’re tied with South Alabama and LaSalle at the bottom of the ATS Read more



Tags: College Basketball IUPUI Jaugars South Alabama Jaguars UCF Knights Notre Dame Fighting Irish Boston College Eagles Pittsburgh Panthers Purdue Boilermakers Teddy Covers




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



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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.   May 24, 2015 08:09 AM.