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Teddy Covers' Las Vegas Wise Guy Report: NFL Week 1 lines and the upcoming draft

04.22.2013     08:15 AM     Teddy Covers     Printer Friendly
Submitted by Teddy Covers

SportsMemo.com blog entry.
It’s time to give Jay Kornegay and his staff at the LVH Superbook credit once again for being the first to market here in Las Vegas with Week 1 NFL numbers.  Don’t tell me Kornegay wasn’t ready!  The NFL announced the 2013 schedule last Thursday evening, and the LVH had their sides and totals posted by noon on Friday.  For an older, non-strip property that lacks a marque signature attraction, Kornegay’s aggressive bookmaking tactics have, quite frankly, allowed the LVH to remain relevant in a difficult era for many similar aging off-strip casinos.

When those Week 1 pointspreads were posted, bettors didn’t flock to the betting windows to lock up their money until September with a wager.  In fact, the betting marketplace gave a collective yawn, with only a handful of big bets written over the weekend on sides or totals.  Why the lack of initial movement?  Two reasons!

First, Jay put up good numbers.  There were no obvious “mistake” lines causing a flurry of betting activity.  And secondly – probably most importantly – we haven’t seen competing books put up alternate Read more


Tags: NFL Teddy Covers




NBA Betting News: Season Over/Under bets canceled for Celtics and Pacers

04.16.2013     07:43 AM     Printer Friendly
SportsMemo.com blog entry.
Due to the unfortunate circumstances of yesterday's Boston Marathon bombing, the Boston Celtics canceled their game against the Indiana Pacers. Both teams had already locked up their respective playoff seeds but for bettors there was still something to play for with Indiana (49-31) right on its regular season over/under wins mark. According to LVH oddsmaker Jeff Sherman, Las Vegas rules indicate that a team must play all 82 regular season games for a season o/u bet to be final. As a result, all wagers on the Celtics and Pacers, both under and over, were canceled.


Jeff Sherman ‏@golfodds 12h
@JPowerline we dislike having this situation arise but going into the season try to come up with the fairest stipulations for both sides

Jeff Sherman ‏@golfodds 13h
@WagerMinds we opened Pacers 51, went as low as 49.5 ... they're sitting at 49 wins so tomorrow's game meant quite a bit to it

Jeff Sherman ‏@golfodds 14h
with the cancellation of tomorrow's Celtics/Pacers game, season wins on those two teams are refunds as team must play 82 games for action






Tags: NBA Boston Celtics Indiana Pacers




Teddy Covers' Las Vegas Wise Guy Report: Miami Heat fit the profile of a champion

04.15.2013     07:50 AM     Printer Friendly
SportsMemo.com blog entry.
Every year, prior to the end of the regular season, I write a column I call ‘Who Has What it Takes to Win the Big Dance”.  After Louisville’s NCAA Tournament Championship this year, we’ve seen future champions fit a specific statistical profile in 15 of the last 16 tournaments.  As a result of that specific statistical profile, I can simply go through all the contending teams, one by one, to see which squad has the best chance (or one of the best chances) to cut down the nets following six consecutive victories over a three week span.

I do not go through a specific statistical profile that predicts NBA playoff success the same way I do for college.  And while the NCAA Tournament is a relative sprint, the NBA Playoffs are an extended, two month long marathon; a war of attrition as much as anything else.  A race towards a four series, 16 victory championship requires talent and health.

We don’t see longshots winning NBA titles very often.  The biggest surprise teams to win a title in the last two decades – the 2004 Pistons and the 2011 Mavericks – were both deep, veteran, defensive minded Read more


Tags: NBA Teddy Covers Miami Heat




LVH oddsmaker Jeff Sherman gears up for the Masters

04.11.2013     07:07 AM     Printer Friendly
SportsMemo.com blog entry.
Cool article on LVH golf oddsmaker Jeff Sherman. Sherman has been doing it for 20 years and claims that he does not copy or shade lines from other sportsbooks.


“A tremendous amount of number-crunching and researching goes into any kind of oddsmaking, but especially in golf,” Kornegay said. “Golfers tend to play certain courses differently. It’s not just the same basketball dimensions like our court back in Hickory. It’s different every week, so you’ve got to start over every week because of the changes.”





Tags: PGA




NCAA Championship Betting Update: More sportsbooks report heavy action on Michigan

04.08.2013     01:07 PM     Printer Friendly
UPDATE

Here's a few more updates on what the betting community is doing for tonight's NCAA Championship. Looks like a majority of bettors at South Point, BetOnline, and Sports Interaction are all lined up on Michigan plus the points.


Covers.com ‏@Covers 1m
"We are expecting Michigan money all afternoon,” -Bert Osborne, South Point sportsbook in Las Vegas.

Dave Mason ‏@DaveMasonBOL 10m
62% of the money is on Michigan +4 tonight vs Louisville.

Sports Interaction ‏@SIASport 4h
Our oddsmakers say bettors on piling on Michigan at +4.0. Action was with Louisville, now 3-2 for UM 








NCAA Tournament Gambling: Bettors prefer Michigan and the OVER for title game

04.08.2013     07:31 AM     Read more


Tags: College Basketball Michigan Wolverines Louisville Cardinals




Teddy Covers' Las Vegas Wiseguy Report: Betting on or against NBA bottom feeders

04.08.2013     07:26 AM     Teddy Covers     Printer Friendly
Submitted by Teddy Covers

SportsMemo.com blog entry.
I’ve been writing about college basketball fairly consistently since the Super Bowl.  Now that the calendar has shifted to April, it’s time to shift focus and start writing about the NBA.  With less than ten days remaining in the regular season, most of the prevailing focus is on playoff teams.  That’s why I’m writing this week’s column about the bottom feeders that have already been eliminated from playoff contention. 

Can we make money betting on or against these squads down the stretch?  Read on to find out my thoughts on a handful of lottery bound teams before I shift my focus towards playoff squads next week and beyond!  Teams are listed in alphabetical order.

In the 2012 season, the Charlotte Bobcats set a record for NBA futility, finishing the season 7-59 SU.  Their pointspread futility made headlines here in Las Vegas as well, as the Bobcats finished as the single biggest money loser in the league by a wide margin, a woeful 23-43 ATS. 

In 2013, the Bobcats didn’t set any records for futility, but they’ve still got the single worst SU record in the Read more


Tags: NBA Teddy Covers




Las Vegas oddsmakers gear up for Final Four

04.04.2013     07:47 AM     Printer Friendly
SportsMemo.com blog entry.
Las Vegas oddsmakers comments on some of their liabilities with futures bets on the Final Four and NCAA Championship. At one point Wichita State was 300-1 to win the title.


“The liability we have on Wichita State in the futures, we’ve already covered that with what we’ve made on them in their other games,” Malinowski said. “If I had to paint the picture overall of what Wichita did for us in the tournament, it would be positive.”

“You have a handful of people who will throw $5 or $10 here and there on teams like Wichita State,” Malinowski said. “A few of those add up real quickly.”





Tags: College Basketball




NCAA Tournament Betting Recap: Duke dispatches Sparty, Florida sends Cinderella packing

03.30.2013     07:55 AM     Printer Friendly
SportsMemo.com blog entry.
Submitted by Stat Intelligence

The first half of Duke/Michigan State went pretty much the way you would expect. Duke had to hit treys to compete. Seth Curry was 6 of 7 all by himself in the first 20 minutes. Michigan State dominated the inside. Duke led thanks to their big edge in treys.

In the second half, Duke played very good inside defense while Michigan State kept forcing up bad shots. That led to a 13 minute dry spell that saw the Spartans only make one field goal from about 17 minutes left to about 4 minutes left. Academic after that. I usually blast Duke’s inside defense. They really did a good job here of blocking shots and denying good looks when it mattered down the stretch.

Duke 71, Michigan State 61

2-Point Percentage: Michigan State 45%, Duke 42%

3-Point Shooting: Michigan State 3/12, Duke 7/18

Free Throws: Michigan State 18/24, Duke 24/26

1’s and 2’s: Michigan State 52, Duke 50

Rebounds: Michigan State 33, Duke Read more


Tags: College Basketball Duke Blue Devils Michigan State Spartans Florida Gators Florida Gulf Coast Eagles Stat Intelligence




NCAA Tournament Betting Recap: Louisville gets lackadaisical, Kansas chokes

03.30.2013     07:42 AM     Printer Friendly
SportsMemo.com blog entry.
Submittedby Stat Intelligence

In the first final of the night…the consensus “best team in the tournament” Louisville Cardinals started like a house afire. They had covered the 11-point spread by the second TV time out…on the way to leads of 24-8 and 26-10. But, to Oregon’s credit, the underdog fought back to as close as six in the second half.

And, as many of you are aware if you watched the game...officiating sure didn’t go Oregon’s way. Many borderline (or bad) calls went against them in a way that thwarted a bigger comeback. Louisville could very easily have let this game get away from them. The Cards were outscored 59-51 over about the last three-fourths of the clock time.

Everyone changed channels to watch Kansas finish things off against Michigan with a double digit lead. THEY BLEW THE WHOLE THING! Kansas was up 70-59 with 4:40 left. They went into a self-imposed deep freeze on offense even though they were shooting 60% from inside the arc against a very Read more


Tags: College Basketball Louisville Cardinals Kansas Jayhawks Michihgan Wolverines Oregon Ducks Stat Intelligence




Politicians, big casinos want to eliminate sports betting kiosks

03.28.2013     07:17 AM     Printer Friendly
SportsMemo.com blog entry.
Apparently there is a big push to eliminate sports betting kiosks in Nevada. Brick and mortar casinos feel that the kiosks are taking away from their overall handle. William Hill CEO Joe Asher countered that kiosks bring in a ridiculously small amount of profit compared to everyday sportsbooks.

 

“There is no evidence the kiosks are hurting the big casinos,” he said. “The NRA is pushing this bill and it is not a good idea.”

Asher argues that only $600,000 of the $170 million won in sports pools came in these small businesses. That’s one-third of 1 percent, he says.









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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.   Jul 28, 2014 01:29 PM.