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Super Bowl XLVII Gambling: Kaepernick prop bets a big hit for Vegas sportsbooks

01.25.2013     11:27 AM     Printer Friendly
SportsMemo.com blog entry.
According to William Hill's Jimmy Vaccaro, the handle for Colin Kaepernick prop bets is reaching epic proportions. We'll go out on a limb and say that a vast majority of those wagers weren't correlated to the rookie quarterback underperforming.


"We put 10 props on him last week and generated more than $100,000 in bets," Vaccaro said. "To put that in perspective, a good prop is when you can draw $2,500 to $5,000 in bets."

"But I've never seen interest on prop bets like I've seen with Kaepernick," Vaccaro said. "We think we can do $300,000 in Kaepernick prop bets alone and that's a conservative estimate. No one has ever come close to that number."





Tags: NFL San Francisco 49ers Super Bowl XLVII




Super Bowl XLVII Betting: Baltimore Ravens now a +3.5 underdog offshore

01.23.2013     12:24 PM     Printer Friendly
Baltimore +3.5 vs. San Francisco O/U 47.5

Quick update on the Super Bowl XLVII betting markets. Thus far a majority of the side action has come in on the Baltimore Ravens. We've seen the line tick down from +5 to its current number of +3.5. Action on the under has the total down from an opener of 49 (CRIS) to 47.5. Las Vegas has a few shops (Wynn, William Hill) dealing -4 while a majority of totals sit at 48. Line history courtesy of The Greek.

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Tags: NFL San Francisco 49ers Baltimore Ravens Super Bowl XLVII




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




Not wanting to be left out, DOJ decides to jump on the anti-sports betting bandwagon

01.23.2013     06:44 AM     Printer Friendly
SportsMemo.com blog entry.
Heading into this week, our power ratings showed sports leagues to be a -2.5 (-120) favorite over New Jersey in the battle for the legalization of sports betting. We were forced to adjust our number to -4 when it was announced that the Department of Justice was upgraded to probable.


“I was told they weren’t going to intervene. Don’t know if my intel was wrong or they got a change of heart for some reason,’’ Lesniak said. “Regardless, bring it on. I’m still expecting our casinos and racetracks to be able to take bets on the Final Four. They will be packed with people, just like Las Vegas.’’’











Super Bowl XLVII betting handle could break all-time record

01.22.2013     12:10 PM     Printer Friendly
SportsMemo.com blog entry.
Super Bowl XLVII between the San Francisco 49ers and Baltimore Ravens is expected to produce near-record betting numbers for Nevada sportsbooks. The highest handle ($94.5 million) came in Super Bowl XL; Pittsburgh defeated Seattle 21-10.


"It's an intriguing match up because the coaches are brothers," says Jay Kornegay, vice president of Las Vegas' Superbook, the world's largest race and sports betting book. "The Ravens, the hottest team, may not have a large fan base, but they certainly add an intriguing element. There's the fact Ray Lewis is retiring. It's one of the better teams versus the hottest team."





Tags: NFL San Francisco 49ers Baltimore Ravens Super Bowl XLVII




A perfect match: Gambling and the Super Bowl

01.21.2013     12:34 PM     Teddy Covers     Printer Friendly
Submitted by Teddy Covers

SportsMemo.com blog entry.
Publicly, the NFL is among one of the staunchest opponents of legalized gambling. Former commissioner Paul Tagliabue and current commissioner Roger Goodell were instrumental in getting the anti gaming ‘Illegal Internet Gambling Prohibition Act’ attached to the Port Security Bill. The NFL has taken this stance despite the fact that its enormous popularity is, in no small part, due to the prevalence of betting on games.

The hypocrisy of the NFL in regards to betting is almost laughable. The facts, as you will see, clearly show that the league was founded by gamblers for gamblers. From the NFL’s first television appearance in 1939 through the current TV deal that pumps more than three billion dollars per year into the league coffers, the NFL’s popularity rests upon the shoulders of those who wager on the outcome of the games.

Here in the 21st century, the NFL is the most popular and profitable sport in the. NFL owners are among the richest men in the world; franchises are bought and sold for more than half a billion dollars. However, the league’s humble origins were anything but the extravagant bonanza that is the NFL today. Read more


Tags: NFL Teddy Covers Super Bowl XLVII




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

01.21.2013     07:54 AM     Printer Friendly
SportsMemo.com blog entry.
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, I’m going to write about movies. Nobody needs two full weeks of Super Bowl hype!

There are no great sports betting movies –none. Hollywood has produced a handful of great gambling movies – The Sting, Casino, Rounders, The Hustler and Croupier certainly stand out. But when it comes to anything resembling realism in a sports betting movie, it doesn’t exist. Every bettor in a Hollywood sports betting movie is a compulsive addict; every bookmaker is evil and they always win.

There are no exceptions in this tried and true Hollywood formula. If Richard Dreyfuss isn’t uncontrollably gambling on every race in ‘Let it Ride’, then Matthew McConaughey is forcing his clients into bankruptcy and letting his entire career path depend on a coin-flip in ‘Two for the Money’. Even Bruce Willis, Catherine Zeta-Jones and Vince Vaughn couldn’t save last year’s ‘Lay the Favorite’; just Read more


Tags: NFL Super Bowl XLVII Teddy Covers Erin Rynning Alf Musketa




Chip Kelly's departure from Oregon, arrival in Philadelphia causes stir in betting markets

01.18.2013     07:00 AM     Printer Friendly
Can Chip Kelly have success in the NFL? Bettors seem to think so. Philadelphia's Super Bowl odds dropped from 30-1 to 22-1 at Las Vegas' Wynn sportsbook. As for Oregon, its BCS Championship odds fell from 5-1 to 8-1.



Tags: NFL College Football Philadelphia Eagles Oregon Ducks




Sportsbooks and bettors react to San Francisco 49ers, Kaepernick

01.18.2013     06:51 AM     Printer Friendly
SportsMemo.com blog entry.
San Francisco -4 at Atlanta O/U 48.5

Last week, with minimal line shopping, you could have bet the San Francisco 49ers -3 (+100/+105) at home against Green Bay. That seemed like legalized stealing considering as of this morning only a few sportsbooks are offering the 49ers -3.5 on the road at Atlanta for Sunday’s NFC Championship.

 

"We all knew they were pretty good," said Las Vegas oddsmaker Jimmy Vaccaro, public relations director for William Hill and its 75 Nevada sportsbooks. "Now you throw this kid in there who is energizing the process, and it just means more money on the 49ers. And rightfully so. How high can it go? I don't know."

"We act much quicker on these things than we once did," Vaccaro said. "We have the whole world betting these games, so you have to make them Read more



Tags: NFL San Francisco 49ers Atlanta Falcons




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



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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, and Ian Cameron. 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.   Apr 16, 2014 03:46 AM.