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Sheldon Adelson remains hell-bent on gumming up the works

04.14.2014     07:29 AM     Printer Friendly blog entry.
One of the better articles we've come across regarding the online gambling vs. Sheldon Adelson saga courtesy of Lots of good links and reasons for you to despise Adelson and his cronies even more than you already do.

Adelson had already begun pressing for a ban through Las Vegas Sands, which spent $320,000 on lobbying in Washington last year. But his formation of the Coalition to Stop Internet Gambling signaled a new phase in the political influence game. The group hired former New York Gov. George Pataki, former Sen. Blanche Lincoln of Arkansas, and former Denver Mayor Wellington Webb as national co-chairmen, and kicked off a national media campaign to convince the public of the ills of online gambling.

Boxing Gambling: Pacquiao at -230 betting favorite over Bradley

04.11.2014     07:24 AM     Printer Friendly blog entry.
Big fight this weekend in Las Vegas with Manny Pacquiao and Timothy Bradley hooking up at the MGM Grand. Bradley defeated Pacquiao as a +320 underdog back in June of 2012. Offshore sportsbooks currently have Pacquiao as a -230 favorite with the over/under rounds set at 9.5ov-350.

“There’s been good two-way action on this fight,” Bogdanovich said, “(but the price on Pacquiao) might go up a little at the end. I can see Pacquiao closing at like -240 or -250. But it won’t stray too far. It will be anywhere from -200 to -250, I believe , depending on each individual shop and the liability they have on it.”

Gambling Update: Atlantic City casino introduces sophisticated poker chips

04.10.2014     07:30 AM     Printer Friendly

After getting burned by fake chips, Atlantic City's Borgata Casino was forced to go a more modern route. The new chips can be authenticated using some sort of UV light.

"This was very expensive, but very necessary," said Joe Lupo, the casino's senior vice president. "In order to have the biggest tournaments in Atlantic City and as the market leader, we need to ensure the integrity of the games."

The old counterfeit poker chips in the toilet trick

01.29.2014     06:28 AM     Read more

Tags: Poker

Teddy Covers' Las Vegas Wise Guy Report: The Indiana Pacers' historic ATS slide

04.07.2014     08:02 AM     Teddy Covers     Printer Friendly
Submitted by Teddy Covers blog entry.
The Indiana Pacers have been a remarkable pointspread story this year, worthy of a Wiseguy Report to examine in detail what has happened and why.  To be thorough, this story starts last year when the Pacers flexed their collective muscles, developing into a title contender for the first time in a decade.  

Indiana was good, not great, in the 2012-13 regular season.  They won 49 games, tied for the third best record in the (much) weaker of the two conferences.  Here’s an excerpt of what I wrote about the Pacers heading into the playoffs last year:

“A month ago, I would have listed the Pacers as Miami’s toughest Eastern Conference potential test.  Indiana’s defensive numbers rank among the best in the NBA, and low post behemoth Roy Hibbert is a very tough matchup for the Heat in the paint.  Indiana beat Miami twice during the regular season, and the Pacers were the last team to give the Heat real trouble in the playoffs last year, taking a 2-1 series lead in the Eastern Conference semi’s before the Heat closed out the series with three straight wins.

But the Pacers have not Read more

Tags: NBA Indiana Pacers Teddy Covers

NCAA Final Four Gambling: Kentucky a short favorite over UConn for title game

04.07.2014     07:10 AM     Printer Friendly blog entry.
The college basketball season comes to an end tonight with 8th seed Kentucky taking on 7th seed UConn. The Wildcats opened -3 at CRIS and -3.5 at Pinnacle but have since been bet down to -2.5 at most offshore sportsbooks. Yesterday, the total got steamed from 133.5 to 135. UK has gone over the total in four straight games. According to LVH, the Huskies were 100-1 to win the title prior to the start of the tournament while the Cats were 50-1.

“They have a lot going for them,” Ed Salmons, assistant sports book director at the LVH Superbook who oversees college basketball, said earlier this week. “They’re so 3-point dependent, and if they hit their shots and make a lot of them, it can change the whole complexion of the game.”


Tags: College Basketball Kentucky Wildcats UConn Huskies

Teddy Covers' Las Vegas Wise Guy Report: Late season NBA betting opportunities Part 2

03.31.2014     08:58 AM     Teddy Covers     Printer Friendly
Submitted by Teddy Covers blog entry.
You’ll be reading more than enough about the Final Four in the week to come.  You’ll be able to find my initial take on the two games in my piece, midweek.  So I’m going to focus on the NBA in this week’s Wiseguy Report, picking up right where I left off last week, when I broke down a handful of Eastern Conference morphers

It’s worth noting that since I wrote that article, blindly supporting the three bet-on teams that I mentioned (Cleveland, Philadelphia and Brooklyn) while fading my one ‘bet-against squad (Indiana) has produced a 10-5 ATS result.  Hopefully this edition, focusing on Western Conference morphers, will produce similar short term dividends.

The San Antonio Spurs success can’t be a surprise to any breathing human.  No team in the league has been more consistent over the past decade and a half, and San Antonio came one brutal overtime loss short of winning the NBA Championship last Read more

Tags: NBA San Antonio Spurs Denver Nuggets New Orleans Pelicans Golden State Warriors Minnesota Timberwolves Teddy Covers

Anti-online gambling lawmakers scoff a poker being a game of skill

03.28.2014     08:50 AM     Printer Friendly blog entry.
Man, these anti-gambling crusaders are pricks.

“If you want to have online gambling, then come to the Congress. ... If you want to have a poker exception, offer an amendment and see if it will pass,” said Sen. Lindsey Graham, R-S.C., who introduced the bill today along with Rep. Jason Chaffetz, R-Utah.

“Sheldon has aligned himself with most Baptists in South Carolina,” Graham said, when asked about the association of his efforts with Adelson’s campaign. “I’m on solid footing with the people of South Carolina that I represent. The fact that Sheldon is on board is a good thing.”

Tags: Poker

MLB Handicapping: Projections and Season O/U Wins

03.27.2014     07:33 AM     Printer Friendly blog entry.
Good article from the new blog on baseball predictions/projections.

Speaking of those Vegas over/unders, they’re the most crowdsourced projections we have. Every spring, various sportsbooks release baseline win totals for each team in the upcoming season, inviting bettors to place wagers on whether they believe a team will win more or less games than the oddsmakers think. These over/unders are not technically predictions — their aim is different from PECOTA’s or even Sports Illustrated’s — but they’re hugely predictive because of the stakes involved.

To get a sense of how Vegas sets these over/unders, I spoke with Ed Salmons, head oddsmaker for the Las Vegas Hotel & Casino, which cleared nearly 1 million sports bets in 2013. Like Cannella, Salmons doesn’t use a strictly algorithmic approach, although he is well-versed in sabermetrics. “I look at computerized [projections] before putting numbers out,” he said. “You’d be foolish not

Read more

Tags: MLB

NCAA Tournament Gambling: Short lined games abound for Sweet Sixteen

03.26.2014     07:52 AM     Printer Friendly blog entry.
Las Vegas oddsmakers are expecting the unexpected with Thursday and Friday's NCAA Tournament Sweet Sixteen games. Every game save for San Diego State-Arizona is currently lined at 4.5 or less. Four of last year's eight Sweet Sixteen games were lined at 5 or above.

“These teams are getting so close as far as their talent,” Vaccaro said. “The gap between teams isn’t that great anymore, and you can really see it in the point spreads. There is no game here that would shock anyone with the outcome.”

“The Cinderella slipper is guaranteed to be in the Elite Eight,” McCormick said. “Dayton was probably the best team of the first two rounds for us, with their upset over Ohio State and then following it by beating Syracuse. They were great for the house.”

Tags: College Basketball

NCAA Tournament Betting: Kentucky in great form but Louisville remains moderate favorite

03.25.2014     06:55 AM     Printer Friendly blog entry.
Kentucky vs. Louisville -5 O/U 138.5

Current form or entire body of work? That is the conundrum with Friday's Kentucky-Louisville game. The Wildcats have looked Final Four-esque (4-1 SU, 5-0 ATS) since losing to Florida in the regular season finale. The Cardinals meanwhile received scares in their first two tourney games from Manhattan and Saint Louis – trailing in the second half of both only to pull away late. Prior to the NCAA Tournament, 14 of Louisville's last 15 wins came by double-digits. UK won the regular season meeting in Lexington, 73-66 as 1.5-point favorites. For Friday, Louisville has held steady as a 5-point favorite; something oddsmakers don't feel will change much prior to tip-off.

“The line is based on rating of both teams,” he said. “Kentucky played great Sunday. From what I’ve seen, it was one of their best-played games all year… So yes, the line probably came down a little bit from what I thought it would be originally. But you

Read more

Tags: College Basketball Kentucky Wildcats Louisville Cardinals


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