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May

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Teddy Covers' Las Vegas Wiseguy Report: Underdogs have owned the NBA Playoffs

04.28.2014     08:14 AM     Teddy Covers     Printer Friendly
Submitted by Teddy Covers

SportsMemo.com blog entry.
Seven of the eight first round NBA Playoff series have proven to be competitive – only the Miami Heat have a commanding 3-0 series lead in their series over the Charlotte Bobcats.   After an opening weekend that saw underdogs go 6-2 ATS, 5-3 SU, the prevailing trend of upsets continued throughout the last week.

The current numbers are quite striking.  Pointspread favorites are a woeful 7-21-2 ATS through the first 30 playoff games.  In fact the favored team is just 14-16 SU – underdog moneyline bettors have been feasting over the first nine days of playoff action.  Therefore, it’s no surprise that the lower seeded team has the series lead in the Spurs-Mavs, Wizards-Bulls and Blazers-Rockets series, with potentially live underdogs still in play for Grizzles-Thunder, Warriors-Clippers, Nets-Raptors, and Pacers-Hawks.

What gives?  Why have the dogs covered at a 75% clip through the first 30 Playoff games?   Let’s start with the simple premise that the top seeds are more vulnerable than the markets expected while the lower seeds have proven to be no pushovers.

The #1 seeds (Pacers and Spurs) Read more



Tags: NBA Teddy Covers




Check out this new sports betting app for IPhones

04.24.2014     07:21 AM     Printer Friendly
A free sports betting app is now available at Apple’s App Store to help bettors track their wagers.









NBA Playoff Betting Consensus: Gamblers like Monday's games OVER the total

04.21.2014     02:00 PM     Printer Friendly
SportsMemo.com blog entry.
Here are the top consensus bets for tonight's two NBA Playoff games courtesy of Bookmaker. Note that the percentages are based on the number of bets made not total handle. Also note that Bookmaker/CRIS is the only major sportsbook offshore or in Las Vegas to currently have Oklahoma City -6.5. The rest of the market has -7.

Oklahoma City -6.5 (51.0%) vs. Memphis
Golden State +8 (62.9%) at LA Clippers

Memphis-Oklahoma City OVER 190.5 (73.1%)
Golden State-LA Clippers OVER 212.5 (77.2%)




Tags: NBA Memphis Grizzlies Oklahoma City Thunder Golden State Warriors Los Angeles Clippers




Teddy Covers' Las Vegas Wise Guy Report: Recapping NBA Playoff Game 1's

04.21.2014     08:00 AM     Teddy Covers     Printer Friendly
Submitted by Teddy Covers

SportsMemo.com blog entry.
There were eight opening round NBA Playoff Series that started this past weekend.  The lower seeded road teams – all underdogs in Game 1 – went 6-2 ATS, including five outright upset winners.  There were four games that flew Over the total, three that stayed Under and one (Miami-Charlotte) that finished right in between the opening and closing total.

This is just the start of a two month NBA Playoff marathon, and those Game 1’s may not be indicative of how these opening round series are likely to play out.  Here are some key note and quotes for each series following those Game 1’s.

Miami looked sluggish and lethargic for extended stretches of their opener against Charlotte, but took over the game with an 18-4 run in the fourth quarter when LeBron James was sitting on the bench.  Head coach Erik Spoelstra:  “We were flat to start. I think our guys were just anxious."  LeBron: “That group that was in once I took that break at the 10-minute mark in the fourth quarter, they just bumped the lead. Obviously, to have three Hall of Famers in the game when I'm out of the game, CB, D-Wade and Ray Read more



Tags: NBA Miami Heat Charlotte Bobcats San Antonio Spurs Dallas Mavericks Atlanta Hawks Indiana Pacers Golden State Warriors Los Angeles Clippers Teddy Covers




Teddy Covers' Las Vegas Wise Guy Report: Betting tips on early season MLB totals

04.14.2014     07:42 AM     Teddy Covers     Printer Friendly
Submitted by Teddy Covers

SportsMemo.com blog entry.
We’re two weeks into the marathon baseball season, but there hasn’t been a lot that stands out thusfar in the standings.  The Milwaukee Brewers are riding a nine-game winning streak into the new week, a surprise team with the best current record in baseball.  And the defending World Series champs, the Boston Red Sox, have slumped out of the gate, sitting in last place in the AL East. 

Frankly, we should expect these sorts of anomalies in early season play – in fact we should expect more of them than we’ve seen thusfar.  But there’s not much we can expect to accomplish from riding hot teams out of the gate and fading underachievers.  Based on two weeks’ worth of results, I wouldn’t recommend betting on the Brewers or against the Red Sox on a daily basis moving forward.  A hot or cold start is not necessarily a ‘leading indicator’ for a hot or cold season.

But MLB totals are a very different story.  I’ve written several previous articles about why I look to bet MLB totals – particularly Overs – all summer long.  To summarize three key points from those Read more



Tags: MLB Teddy Covers




Sheldon Adelson remains hell-bent on gumming up the works

04.14.2014     07:29 AM     Printer Friendly
SportsMemo.com blog entry.
One of the better articles we've come across regarding the online gambling vs. Sheldon Adelson saga courtesy of Slate.com. 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
SportsMemo.com 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
UPDATE

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

SportsMemo.com 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
SportsMemo.com 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



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