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College Football Betting: It takes three days to put together Games of the Year

06.25.2014     02:16 PM     Printer Friendly blog entry.
Sort of generic but worth a read as Bleacher Report talks with the Golden Nugget oddsmaker Aaron Kessler about the creation of College Football Games of the Year.

“I make a list of all the games with computer-only lines in a spreadsheet,” Kessler said. “Then, I'll go through and adjust lines based on my opinion. These adjustments from the raw numbers can be huge.”

“We literally lock ourselves in a room and don't come out until all lines are done,” Kessler said. “The whole of creating the ‘Games of the Year’ takes about 72 hours from beginning to end.”

Tags: College Football

NBA Gambling: LeBron James' next move impacts sportsbooks and bettors

06.25.2014     01:59 PM     Printer Friendly blog entry.
Following news of LeBron James’ willingness to test the free agent waters, a few sportsbooks were quick to pull down their 2015 NBA future odds.

"When a player like LeBron decides to change teams, it not only affects the status of the Heat, but the entire NBA," said John Avello, the head of the race and sports book at the Wynn. "I have to close everything to evaluate. If he leaves the Eastern Conference, it makes an additional handful of teams a contender." 

Tags: NBA Miami Heat

Teddy Covers' Las Vegas Wise Guy Report: AFC Season Over/Under Win "morphers"

06.23.2014     08:47 AM     Teddy Covers     Printer Friendly
Submitted by Teddy Covers blog entry.
Two weeks ago, I wrote about the seven NFC teams that are projected to improve or decline by two wins or more in 2014 based on the current market numbers for their season win totals.  I intended to write Part II of the article last week, talking about the four AFC teams that are also projected to improve or decline by two wins or more in 2014, but I got derailed by the College Football Game of the Year openers at the Golden Nugget; a “must report” event.  So, let’s just call it better late than never!

The markets are telling us to expect more of the same from 12 of the 16 AFC teams.  What makes these four squads different? My goal here is to focus on why these particular teams are expected to improve or decline significantly compared to last year.  I’ll do that by looking at how the broader market conditions affect the numbers.  What do the markets fixate upon?  What do they largely ignore?  Read on to find out. 

Kansas City Chiefs: 11-5 in 2013, O/U 8 wins in 2014
Last year in this space, I called the Chiefs coming off a truly dismal 2-14 campaign “the poster child for Read more

Tags: NFL AFC Kansas City Chiefs Cleveland Browns Cincinnati Bengals Houston Texas Teddy Covers Las Vegas

Sheldon Adelson is the worst kind of person

06.23.2014     08:36 AM     Printer Friendly blog entry.
Article courtesy of The Verge reinforces our theory that Sheldon Adelson is an idiot.

"It’s [Adelson’s] ‘I’m rich and I’m right’ campaign," says Jan Jones Blackhurst, head of government relations at Caesars Entertainment, which supports online gambling. "That kind of scaremongering … is just counterproductive to the entire legitimacy of the industry. It’s confusing to everybody."

"This is a play from Adelson to put the final nail in the coffin of Caesars," he says. "Caesars wants internet gaming very badly."

Tags: Las Vegas

Vegas bettor lucks out on Argentina's stoppage time goal

06.23.2014     08:17 AM     Printer Friendly blog entry.
A gentleman reportedly bet $230K to win $20K on Argentina to win straight up over Iran at Las Vegas' Tuscany Casino. It was a never-in-doubt winner as Lionel Messi scored during stoppage time of the second half to give Argentina the 1-0 victory.

Tags: Soccer

PokerStars close to joining New Jersey's online poker scene

06.19.2014     07:48 AM     Printer Friendly blog entry.
PokerStars was just purchased and the new owners are and positioning themselves for partnerships with New Jersey casinos. This could provide a shot in the arm to the state's underwhelming results since legalizing online poker.

"I think in the long run it will be a good story for New Jersey," he said. "I'm optimistic that they know what the rules are, and I fully expect them to be very aggressive because they want to be here."

Tags: Poker

Las Vegas Strip welcomes new casino and sportsbook

06.18.2014     07:44 AM     Printer Friendly blog entry.
The Strip is getting a new casino as the SLS Las Vegas is scheduled to open its doors on Saturday, August 23. It's located on the corner of Las Vegas Boulevard South and Sahara Avenue. William Hill will operate the SLS's sportsbook.

“It’s such an honor to be part of a dedicated team working around the clock to help bring our vision to life,” said Rob Oseland, president and COO of SLS Las Vegas. “Today we’re turning on our lights and the countdown officially begins as we prepare to welcome guests at SLS Las Vegas one week ahead of schedule.”

Tags: Las Vegas

Billy Walters: The sports bettor everyone loves to hate

06.17.2014     02:08 PM     Printer Friendly blog entry.
Article on the constant barrage of accusations thrown Billy Walters' way – everything from insider trading to having SEC referees in his back pocket. Interesting that the article quietly mentions that 2013 marked the first time in 39 years Walters failed to turn a profit betting on sports.

Sean Patrick Griffin, author of "Gaming the Game'' - an acclaimed book about the 2007 betting scandal involving NBA referee Tim Donaghy - said a few Las Vegas gamblers are "adamant'' that one or two football referees in the Southeastern Conference help Walters with his college football picks. Brian Tuohy, author of "Larceny Games: Sports Gambling, Game Fixing and the FBI," said via email, "Walters, from my sources, actually has waaay too close of connections to several big time college coaches for all of his bets to be legit. He's getting inside information from these guys without a doubt.''

Tags: Billy Walters

College Football Gambling: Florida State's preseason pointspreads are sky high

06.16.2014     12:47 PM     Printer Friendly blog entry.
On today's Sportsmemo Podcast, handicapper Rob Veno talked about various Week 1 college football games and their opening pointspreads posted last week at the Golden Nugget. Defending national champs Florida State open the season as 17-point favorites vs. Oklahoma State in Arlington, Texas. Oddsmakers appear very high on the Seminoles with not one of their seven lined games below two touchdowns.

FSU -17 vs. Oklahoma State (at Arlington)
FSU -17 vs. Clemson
FSU -30 at NC State
FSU -21 at Syracuse
FSU -24 vs. Notre Dame
FSU -17 at Louisville
FSU -14.5 at Miami


Tags: College Football Florida State Seminoles ACC

Teddy Covers' Las Vegas Wise Guy Report: Golden Nugget's College Football Games of the Year

06.16.2014     11:11 AM     Teddy Covers     Printer Friendly
Submitted by Teddy Covers blog entry.
The sportsbetting world here in Las Vegas has shifted into full summer mode over the past week.  The NBA and NHL Finals are now in the rear view mirror with the Spurs and Kings crowned as champions, leaving a modest sportsbetting void even in the midst of the World Cup.

Once the Finals end, my focus shifts towards the upcoming football season, and I’m certainly not alone in that regard.  Last week I wrote about NFL Season Win totals that have begun to proliferate in Las Vegas (still lagging behind offshore, though).  Part 2 of that article will come next week in this space. 

This past Friday, we saw another clear sign that football is just around the corner, as the Golden Nugget released their lines on 200 College Football Games of the Year.  These GOY pointspreads were posted on about 10-15 high profile marquee games a week, beginning with the Texas A&M-South Carolina and Boise State-Ole Miss showdowns on Thursday, August 28th, while running through the likes of Oklahoma-Oklahoma State, Kansas State-Baylor and Army-Navy in December.

This is the eighth consecutive year that the Nugget has been the first place in Vegas Read more

Tags: College Football Teddy Covers Las Vegas


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