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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 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 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."


Tags: Las Vegas

Steve Wynn teams up with Sheldon Adelson for anti-online gambling crusade

02.04.2014     07:27 AM     Printer Friendly 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
Net Profit
Seattle 43, Denver 8
Baltimore 34, San Francisco 31
NY Giants 21, New England 17
Green Bay 31, Pittsburgh 25
New Orleans 31, Indianapolis 17
Pittsburgh 27, Arizona 23
NY Giants 17, New England 14
Indianapolis 29, Chicago 17
Pittsburgh 21, Seattle 10
New Engand 24, Philadelphia 21
New England 32, Carolina 29
Tampa Bay 48, Oakland 21
New England 20, St. Louis 17
Baltimore 34, NY Giants 7
St. Louis 23, Tennessee 16
Denver 34, Atlanta 19
Denver 31, Green Bay 24
Green Bay 35, New England 21
Dallas 27, Pittsburgh 17
San Francisco 49, San Diego 26

Tags: NFL Super Bowl XLVIII Las Vegas

Super Bowl XLVIII Gambling: Las Vegas sportsbooks clean up

02.03.2014     07:58 AM     Printer Friendly blog entry.
Outside of the safety to open Super Bowl XLVIII, everything went right for the Las Vegas sportsbooks.

“The patrons went 0-2 — crappy game and lost money,” William Hill sports book director Nick Bogdanovich said. “It was a good day for the books.”

“That safety was a torch job,” Bogdanovich said. “It’s not a fun way to start off the day, getting six figures in the hole.”

“We were down $62,000 on the first play of the game,” Vaccaro reported. “We got dinged pretty good on that one, and a few others as the game went on.”

Tags: NFL Super Bowl XLVIII Las Vegas

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

02.03.2014     07:35 AM     Teddy Covers     Printer Friendly
Submitted by Teddy Covers blog entry.
The Super Bowl is in the rear view mirror after Sunday’s huge Seattle blowout, which can only mean one thing – college hoops is on center stage for the next eight weeks. I’ve been writing game previews for, but I’ve yet to write a true college basketball overview column so far this season. It’s time!

I’m going take a look at the four very best regular board pointspread teams in the country in this week’s column.  Elite level teams aren’t necessarily pointspread winners, and bottom feeders can cash ticket after ticket if the betting markets set numbers that allow them to hang within the number as big underdogs. And the very best pointspread teams tend to be under-the-radar type squads, like the single best ATS team in college hoops thusfar in the 2013-14 campaign.

Cleveland State has a decent record, sitting in a second place tie in the Horizon League standings with a 6-3 mark in conference; 15-9 SU overall. If the NCAA tournament started today, Gary Waters’ Vikings wouldn’t even sniff an at-large bid – they’ll need to win the league tournament to go Read more

Tags: College Basketball Cleveland State Vikings Utah Utes Wichita State Shockers Villanova Wildcats Teddy Covers

Super Bowl XLVIII Gambling: Blog recap

01.31.2014     02:03 PM     Printer Friendly

Tags: NFL Denver Broncos Seattle Seahawks Super Bowl XLVIII


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