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Cantor Gaming hit with $2 million fine

01.08.2014     01:46 PM     Printer Friendly
SportsMemo.com blog entry.
Looks like Cantor Gaming is being hit with a $2 million fine for not knowing and/or doing anything about former employee Mike Colbert's actions.


The complaint said the company or Lee Amaitis, chief executive of the Las Vegas-based sports-betting unit, known until this week as Cantor Gaming, knew or should have known that one of their top executives was taking illegal bets. According to the complaint, failure to supervise an employee sufficiently to prevent criminal activity violates Nevada gaming regulations. Cantor Gaming's failure to do so "tends to reflect poorly on the reputation of gaming in the State of Nevada" and could hurt development of the industry, the complaint said.







Tags: Las Vegas




College Basketball Handicapping: Nevada travels to UNLV

01.08.2014     07:48 AM     Printer Friendly
SportsMemo.com blog entry.
Battle of the Silver State goes tonight with Nevada taking on rival UNLV in Las Vegas. The Wolf Pack have been up and down this season but are off to a 2-0 start in Mountain West play. It coincided with the eligibility of forward AJ West who scored 27 points and grabbed 21 rebounds combined in both victories. Nevada is also slated to return Marqueze Coleman who can provide relief to Deonte Burton – Burton is no. 1 in the country in percentage of minutes used. UNLV, who is off a home loss to Air Force – its fourth home loss of the season – has won eight straight in the series but Nevada has covered three of the last four.

“I’m not sure how long it’s been since we won there,” Wolf Pack point guard Deonte Burton said (answer: the Wolf Pack last won at UNLV in November 2005). “It would be big for the program, it would be big for the fans and it would Read more



Tags: College Basketball Nevada Wolf Pack UNLV Rebels




NFL Playoff Gambling: Sportsbooks offer differing opinions on Indianapolis-New England

01.07.2014     12:12 PM     Printer Friendly
SportsMemo.com blog entry.
Interesting line move at Grande for Saturday's Indianapolis-New England game. Grande, which is commonly referred to as a "leading indication sportsbook" has moved its line six times – all towards the Indy side. Grande opened the Colts +7.5-10 and from there dropped to +7.5-15, +7.5-20, +7.5-25, +7ev, and to its current number of +7-25. That number is a far cry from Las Vegas shops like LVH and William Hill that offer 7.5-110. CRIS has also shown respect for the Colts; opening +7-110 and yet to move off the key number to +7.5.




Tags: NFL New England Patriots Indianapolis Colts




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

01.06.2014     08:20 AM     Teddy Covers     Printer Friendly
Submitted by Teddy Covers

SportsMemo.com blog entry.
The NBA regular season is less than two weeks away from the mid-way point of the campaign. But with the focus on football, the betting markets (and my own writing) have paid scant attention to the pro hoops ranks.  That ends here.

This week I’m going to focus on the good NBA teams; the moneymakers!  I’ll break down some of the best money earners in NBA thusfar and assess their profit making potential moving forward.  And I’ll take a look at a pair of ‘morphers’; teams that are playing significantly better than current market projections.

The Phoenix Suns are at the top of any moneymaker list; a classic example of how preseason expectations can affect ATS results for months, even when those expectations were clearly not right from Day 1 of the season!

Phoenix was lined in the range of 20 wins coming into the season.  The markets expected a major tank from first year, first time head coach Jeff Hornacek’s squad, angling for ping pong balls in the NBA lottery, not for a playoff spot.  But that clearly wasn’t the case, right from the get-go – they blew out Portland on Read more



Tags: NBA Phoenix Suns Indiana Pacers Toronto Raptors Charlotte Bobcats Teddy Covers




NFL Handicapping: Early line moves for Divisional Round

01.06.2014     07:42 AM     Printer Friendly
SportsMemo.com blog entry.
Next week's NFL Divisional Round playoff matchups are set and lines have been posted both offshore and in Las Vegas. So far we haven’t seen a significant amount of market activity. There was/is some differing opinion on the Colts-Patriots game with LVH opening NE -9 and most of Las Vegas currently -7.5. Offshore, most shops have NE -7 with juice. A few (CRIS, Heritage) are offering 7 -110 on both sides.

New Orleans at Seattle
Saturday, 1:35 pm PT - FOX
CRIS Opener: Seattle -8 O/U 48
CRIS Current: Seattle -8 O/U 48
LVH Opener: Seattle -7.5 O/U 48
LVH Current: Seattle -8 O/U 47.5



Indianapolis at New England
Saturday, 5:15 pm PT - CBS
CRIS Opener: New England -7 O/U 52.5
CRIS Current: New England -7 O/U 52.5
LVH Opener: New England Read more



Tags: NFL




Vegas poker player tips cab driver $10K for returning forgotten $300K

01.02.2014     08:02 AM     Printer Friendly
SportsMemo.com blog entry.
In keeping with today's Good Samaritan theme, here's another gem. An unnamed Las Vegas poker player left $300K in a cab and had it returned courtesy of the cab driver. He "tipped" the cabbie $10K for his nice deed.


"It's good enough, I really appreciate it," Gamboa said about the reward. "I wasn't expecting anything from the people I help. I never expect anything from the people I do good for, but I really appreciate it and that he appreciated what I'd done for him."







Tags: Las Vegas Poker




Teddy Covers' Las Vegas Wise Guy Report: How to bet College Football Bowl Games Part II

12.30.2013     07:43 AM     Teddy Covers     Printer Friendly
Submitted by Teddy Covers

SportsMemo.com blog entry.
I wrote an article in this space prior to bowl season (link) detailing my personal strategies for turning a profit during these three weeks of high stakes affairs.  But as I do my research for the upcoming games, I continue to find a bevy of outdated information widely available on the internet; strategies that haven’t worked in years, yet they’ve become a part of the gambling lexicon. 

I did a national radio spot last week with a well-known host.  He brought up three strategies as the sharp Vegas method.  None of them work.  In fact, none of them have worked in years. I don’t think the host was an idiot – there’s just a bevy of bad information out there!

So my goal for this week’s column is to poke holes in the outdated information.  The betting markets are not a static entity; always morphing and evolving.  What worked five, ten or twenty years ago doesn’t necessarily work as 2013 shifts to 2014.  And when it Read more



Tags: College Football Teddy Covers




NFL Handicapping: An early look at Wild Card Round line moves

12.30.2013     07:30 AM     Printer Friendly
SportsMemo.com blog entry.
Next weekend's NFL Wild Card matchups are set which means that betting markets are in motion. Let's take a look at each game and where they early money have moved both offshore and in Las Vegas. For more Wild Card line move analysis be sure to tune into today’s Sportsmemo Podcast segment with handicapper Teddy Covers. It will be posted by 10 am PT.

Kansas City at Indianapolis
CRIS Opener: Indianapolis -2.5 O/U 46
LVH Opener: Indianapolis -2.5 O/U 46
CRIS Current: Indianapolis -2.5 O/U 46.5
LVH Current: Indianapolis -2.5 O/U 46.5

Comments: Not a lot of movement outside of a half point jump in the total. Some other offshore books have taken Colts money with the juice now -120.

New Orleans at Philadelphia
CRIS Opener: Philadelphia -2.5 O/U 54.5
LVH Opener: Philadelphia -2.5 O/U 55
CRIS Current: Philadelphia -2.5 (-115) O/U 54.5
LVH Current: Philadelphia -2.5 O/U 54.5

Comments: Same deal as KC-Indy with minimal movement if any.

San Diego at Cincinnati
CRIS Opener: Read more



Tags: NFL Kansas City Chiefs Philadelphia Eagles San Francisco 49ers San Diego Chargers Cincinnati Bengals Green Bay Packers New Orleans Saints Indianapolis Colts




Teddy Covers' Las Vegas Wise Guy Report: Playoff bound, but Super Bowl XLVIII bound?

12.23.2013     07:23 AM     Teddy Covers     Printer Friendly
Submitted by Teddy Covers

SportsMemo.com blog entry.
Last year, heading into Week 17, Atlanta was the team to beat in the NFC, having already clinched homefield advantage with their 13-2 (at the time) record.  Washington was the hottest team in the conference and Green Bay was considered very live for the title, with Aaron Rodgers just one year removed from his Super Bowl ring.  In the AFC, the playoff were expected to be an eventual battle between the Patriots and Broncos, with the other four teams (Baltimore, Cincinnati, Houston and Indy) largely considered to be fodder for the elites; non-factors.

What happened? A San Francisco-Baltimore Super Bowl, won by the Ravens; their third straight postseason win as an underdog.  Let’s not forget that Baltimore entered the playoffs in the midst of a late season 1-4 SU and ATS skid; a team that NOBODY expected to make noise in January and February.

In 2011, in the NFC, Green Bay was the unbeatable juggernaut with a 15-1 record as the defending champs, and the Saints weren’t far behind, just one year removed from a Drew Brees Super Bowl ring.  Meanwhile, the Giants were on the outside of the playoff picture, needing to beat Dallas just to get Read more



Tags: NFL Teddy Covers Super Bowl XLVIII Las Vegas




Las Vegas Bowl Betting Preview: USC Trojans vs. Fresno State Bulldogs

12.19.2013     12:39 PM     Rob Veno     Printer Friendly
Submitted by Rob Veno

SportsMemo.com blog entry.
USC vs. Fresno State
Las Vegas Bowl
December 21, 12:30 pm PT - ABC
CRIS Opener:
USC -4.5 O/U 62
CRIS Current: USC -6 O/U 63
Rob Veno's Power Rating: USC -5.5
Rob Veno's Recommendation: USC -3.5 1st half

When the bowl pairings were announced a couple of Sundays ago, this matchup was one where the motivational angle of each team was questioned. Fresno State went from BCS buster three weeks ago to this late December, mid-afternoon appearance while the Trojans received this bid on the heels of the resignation of beloved interim head coach Ed Orgeron. To have the early handicapping concern that this game may be anti-climactic for both of these teams was legitimate but all signs currently point to Fresno State and USC having regrouped and now focused on this game.

For the Bulldogs, record setting senior quarterback Derek Carr quoted the team mantra heading into this contest Read more



Tags: College Football USC Trojans PAC-12 Fresno State Bulldogs Mountain West Rob Veno



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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, Ian Cameron, Drew Martin, and Alex B. Smith. 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.   Sep 01, 2015 07:07 AM.