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Teddy Covers' Las Vegas Wise Guy Report: A trip down Super Bowl memory lane

01.20.2014     07:15 AM     Teddy Covers     Printer Friendly
Submitted by Teddy Covers

SportsMemo.com blog entry.
On the one hand, the Super Bowl is just another game for a professional bettor.  On the other hand, the Super Bowl has two major differences.  First and foremost are the prop bets; quite literally hundreds of wagering opportunities that allow bettors to wager from everything on the coin toss and the length of the national anthem to whether Russell Wilson will throw more touchdown passes than Manchester United will score goals on Super Bowl Sunday.  I’ll write about those next week.

The other biggest difference between Super Bowls and other games?  Simple – the Super Bowls stand out in our memories; every one of them.  I’ve been in Vegas since the 1998 football season, and I can tell you where I watched every Super Bowl, what the pointspread was and who covered. Thank you in advance for indulging me a brief trip down memory lane.

My first Super Bowl in Las Vegas was when the Broncos faced the Falcons as favorites of about a TD back in January 1999.  I watched the game in the stadium seating at the Imperial Palace racebook.  My handicap was simple, thinking Denver had a big edge having played in (and beaten) the Read more



Tags: NFL Denver Broncos San Francisco 49ers Super Bowl XLVIII Teddy Covers




Super Bowl XLVIII Betting News: Early money comes in on Denver Broncos

01.20.2014     07:04 AM     Printer Friendly
SportsMemo.com blog entry.
Immediately following last night's NFC Championship, various offshore and Las Vegas sportsbooks were quick to hang a line on Super Bowl XLVIII (Sunday, Feb. 2). Offshore, CRIS opened Seattle -1.5 while Pinnacle opened a pick 'em. Both shops opened the total at 47.5. In Las Vegas, LVH threw up Seattle -2 O/U 47 while the Wynn had Seattle -1 O/U 48.5. A majority of the early money has been on the Broncos who are anywhere from -1 to -2.5 offshore and in Las Vegas. The current market outliers are CRIS (Denver -2.5) and the Mirage (Denver -1). We'll keep you posted on any signficiant line moves leading up to gameday.




Tags: NFL Denver Broncos Seattle Seahawks Super Bowl XLVIII




Las Vegas sportsbooks gear up for Super Bowl XLVIII parties

01.15.2014     08:03 AM     Printer Friendly
SportsMemo.com blog entry.
Here's a link to all of Las Vegas' Super Bowl XLVIII parties courtesy of The Vegas Parlay. No offense to the Wynn, but if we're forking over 35K for the "Hail Mary Package" there had better be a meet-and-greet with the Queen of England as well as even money juice on all bets.




Tags: Las Vegas NFL Super Bowl XLVIII




Gaming Control Board hits Cantor with $5.5 million fine

01.14.2014     11:29 AM     Printer Friendly
SportsMemo.com blog entry.
Earlier this week reports came out the Cantor Gaming (now CG Technology) was being fined $2 million by the Gaming Control Board for its connection to the Mike Colbert/Pinnacle fiasco. Well, it turns out the fine is a little steeper than $2 million. How about $5.5 million – which is apparently a Nevada record. Also, if you want you can read the official "complaint", here's the PDF (a few highlights below).


69. The Indictment also alleges Paul Sexton and Michael Colbert acted in concert to launder money which represented the proceeds of criminal conduct.

70. Paul Sexton placed approximately 4,464 wagers with CANTOR GAMING from July of 201 1 through October 24, 201 2. The total amount of these wagers was approximately $22,000,000.00.

71 . Paul Sexton only placed wagers for Gadoon Kyrollos with CANTOR GAMING. 

 





Tags: Las Vegas




Teddy Covers' Las Vegas Wise Guy Report: NBA Moneyburners!

01.13.2014     12:18 PM     Teddy Covers     Printer Friendly
Submitted by Teddy Covers

SportsMemo.com blog entry.
Last week, I took an in-depth look at five of the biggest moneymakers in the NBA through the first half of the season.  This week I’m going to focus on the teams at the other end of the spectrum – bottom feeders and disappointments.  I’ll break down the three biggest money-losers of the season thusfar.  And I’ll take a look at a ‘morpher’; a team playing significantly worse than current market projections.

I’ll start with the three teams that can be collectively called ‘the hopeless trio’.  It’s hard to make money betting on the very worst teams in any sport, and the NBA is certainly no exception.  And there’s no question who the very worst team in the NBA is this year, because they have both the worst SU record in the league (7-29) and the worst pointspread mark (12-24 ATS).  That team?  The Milwaukee Bucks!

Bucks head coach Larry Drew has never coached a bottom feeder before.  He walked into a good situation in Atlanta with the Hawks, who made the playoffs all three years that he was coaching the team.  Here in Milwaukee, the playoffs Read more



Tags: NBA Milwaukee Bucks Orlando Magic Philadelphia 76ers Miami Heat Teddy Covers Las Vegas




NFL Gambling: Conference Championship early line moves and historical results

01.13.2014     08:06 AM     Printer Friendly
SportsMemo.com blog entry.
A quick look at the early line moves for this weekend's NFL Conference Championships. Denver opened -7 offshore and -6.5 at LVH but has since been bet down to -4.5/-5. Seen a small move towards the over. The two teams met in Week 12 with the Patriots (pk) winning 34-31 in overtime in Foxboro. The Broncos blew a 24-0 lead. Seattle opened -3.5 both offshore and in Las Vegas. A few shows moved off of the -3.5 to -3 with juice. The total has been bet down heavily from 41.5/41 to 39.5/40. The two squads split the regular season meetings: San Francisco (-2.5) won 19-17 but failed to cover at home in Week 14; Seattle (-3) won and covered 29-3 in Week 2.

In terms of historical results (see below), sides are split 7-7 ATS (favorite/underdog) while totals have trended over at 9-5 O/U. Road teams have covered four straight.

New England at Denver
CRIS Opener: Denver -7 O/U 54.5
CRIS Current: Denver -5 O/U 55
LVH Opener: Denver -6.5 O/U 55
LVH Current: Denver -5 O/U 55

San Francisco at Seattle
CRIS Opener: Seattle -3 O/U 41
CRIS Current: Seattle -3 (-130) O/U 39.5
LVH Opener: Seattle -3.5 O/U Read more



Tags: NFL New England Patriots Denver Broncos San Francisco 49ers Seattle Seahawks




William Hill offers unique Super Bowl XLVIII prop bet

01.10.2014     01:57 PM     Printer Friendly
SportsMemo.com blog entry.
Las Vegas' William Hill sportsbooks are offering a unique opportunity for football bettors; an "exacta" pro bet on Super Bowl XLVIII's outcome. For example, taking Seattle to beat Denver would play out +325. There are 32 different combinations. For full odds, click here.




Tags: Las Vegas NFL Super Bowl XLVIII




Cantor Gaming changes its name to CG Technology

01.10.2014     07:44 AM     Printer Friendly
Perhaps tied to the recent $2 million fine handed down by the Nevada gaming regulators, Cantor Gaming has decided to change its name to CG Technology. CG also hinted that there will be a public offering upcoming.




Tags: Las Vegas




South Point's College Football Bowl Contest came down to BCS Championship

01.10.2014     07:32 AM     Printer Friendly
UPDATE

According to The Vegas Parlay, no one managed to go 16-for-16 in South Point's College Football Handicapping Contest. Picking games straight up, two contestants were 13-for-15 heading into the BCS Championship – one had Florida State and one had Auburn. The end result was a nice $50K payday.





South Point's College Football Bowl Parlay Contest

12.19.2013     08:14 AM     View Original Blog


Details on South Point’s $50K college football bowl parlay Read more



Tags: Las Vegas College Football




NFL Betting News: Oddsmaker says 49ers will take more money

01.10.2014     07:25 AM     Printer Friendly
SportsMemo.com blog entry.
San Francisco -1 at Carolina O/U 41

LVH oddsmaker Jay Kornegay says he expects San Francisco money at some point with a chance for the line to go to -3. We saw similar move late last week as the 49ers opened -2.5 and closed as high as -3.5 at Green Bay.


“I thought this thing would have a chance to go to 3 like we saw on the Packers game, and I still think we might see that,” Kornegay told The Linemakers on Sporting News. “Those who took Carolina plus 1 or 1.5 might have jumped the gun a little bit because they’ll probably get a better number closer to kickoff.”







Tags: NFL San Francisco 49ers Carolina Panthers



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