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Teddy Covers' Las Vegas Wiseguy Report: Bettors discuss potential impact of new PAT rule

05.26.2015     07:39 AM     Teddy Covers     Printer Friendly
Submitted by Teddy Covers blog entry.
The NFL has evolved into the most popular sport for both fans and bettors over the last half century in part because of it’s unpredictability.  The old saying attributed to NFL Commissioner Bert Bell (1945-1959), ‘On any given Sunday, any team in the NFL can beat any other team' has proven true over the years, even in the modern era. 

In September alone last year, the Dolphins upset the Patriots, the Titans won at Kansas City, the Chargers beat the Seahawks, the Bears beat the 49ers, the Bucs beat the Steelers in Pittsburgh and the Chiefs whipped the Patriots.  Each and every one of those games was a significant upset both SU and ATS.

Fans and bettors alike are quite comfortable watching a two-foot putt in golf, or free throw attempts in the NBA; not exactly the most exciting plays that either sport has to offer. The NFL has boring plays as well, most notably the extra point try.  NFL teams made their extra points more than 99% of the time last year, not exactly the essence of drama.

The league, in their infinite wisdom, just decided that the NFL extra point try was too boring.  Instead of doing it the way it’s Read more

Tags: NFL Teddy Covers Las Vegas

Westgate SuperBook renovations to be completed by football season

05.20.2015     08:34 AM     Printer Friendly blog entry.
According to Westgate LV SuperBook managed Jay Kornegay, renovations on the facility will begin in mid-June and are slated to be completed by the end of August. The SuperBook will feature a new video wall, counters, and seating areas.

Tags: Las Vegas

Teddy Covers' Las Vegas Wiseguy Report: Golden State Warriors primed to win NBA title

05.18.2015     10:10 AM     Teddy Covers     Printer Friendly
Submitted by Teddy Covers blog entry.
We’re down to the Final Four in the NBA Playoffs, but the path to a championship is crystal clear for only one team – the favorite (and favored for a reason) – Golden State.  Why do the Warriors have such a significant edge over the remaining field?  I’ve identified five reasons, breaking them down in detail in this week’s Wiseguy Report. 

The Warriors opened in the -850 range in their Western Conference Finals series against the Rockets, as big of a favorite as you’ll ever see in any third round playoff series.  The first reason to like Golden State’s chances to win the title is that their path just to reach the Finals is easier than any other team’s path based on the price alone. The Rockets are big underdogs in this series, and the Cavs are only in the -200 to -220 range against Atlanta in the Eastern Conference Finals.

Secondly, the Warriors are as healthy as any team remaining in the field.  The Cavs lost Kevin Love in the first round of the playoffs, then watched Kyrie Irving come up lame in the second round.  Atlanta lost designated LeBron-stopper Thabo Sefolosha to a season Read more

Tags: NBA Golden State Warriors Houston Rockets Cleveland Cavaliers Atlanta Hawks Teddy Covers Las Vegas

Las Vegas' Riviera closes, everything up for sale

05.13.2015     08:12 AM     Printer Friendly blog entry.
If you're one of those guys that likes to buy stuff you probably don't need then head down to Las Vegas recently closed Riviera Hotel and Casino. They’re selling off everything from furniture to flat screen TVs. Maybe you can score the huge William Hill Sportsbook sign.

"We're selling a complete guest room," Hayes said. "That's the beds, the dressers, the nightstand, the desk, the pictures on the wall, all for $299."



Tags: Las Vegas

NFL Handicapping: Westgate SuperBook posts Game of the Year pointspreads

05.06.2015     07:03 AM     Printer Friendly blog entry.
Las Vegas' Westgate SuperBook just released its NFL Game of the Year lines. Enjoy.

Thursday, September 17
Denver at Kansas City pk

Sunday, September 20
San Francisco at Pittsburgh -3.5
Dallas at Philadelphia -2.5
Seattle at Green Bay -2.5

Monday, September 21
NY Jets at Indianapolis -7.5

Thursday, September 24
Washington at NY Giants -5.5

Sunday September 27
Cincinnati at Baltimore -3
Chicago at Seattle -9.5
Denver at Detroit pk

Monday, September 28
Kansas City at Green Bay -6.5

Thursday, October 1
Baltimore at Pittsburgh -3

Sunday, October 4
NY Jets vs. Miami -3 (London)
Green Bay -3 at San Francisco
Dallas at New Orleans -1

Thursday, October 11
New Orleans at Philadelphia -4
New England -1.5 at Dallas
San Francisco at NY Giants -3

Monday, October 12
Pittsburgh at San Diego -2

Thursday, October 15
Atlanta at New Orleans -3.5

Sunday, October 18
San Diego at Green Bay -7
Baltimore at San Francisco pk
New England at Indianapolis -3

Monday, October 19
NY Read more

Tags: NFL Las Vegas

Teddy Covers' Las Vegas Wiseguy Report: Drafting quarterbacks in the first round

05.04.2015     08:06 AM     Teddy Covers     Printer Friendly
Submitted by Teddy Covers blog entry.
To QB or not to QB; that is the question. And when it comes to breaking down the NFL Draft, those QB questions stand paramount.

Jameis Winston was loaded with character questions; a QB with a lack of maturity and poor decision making off the field made his tenure in Tallahassee controversial, to say the least.  Marcus Mariota didn’t have those same character concerns but he can’t match Winston’s full skill set either – there was no ‘Manning- Leaf debate’ over who would go #1 overall between the two prospects.  And yet that duo was drafted #1 and #2 overall by the Bucs and Titans in the NFL draft this past weekend.

There are two basic schools of thought when it comes to taking a QB with a first round pick in the NFL Draft.  One thought is that high draft choice QB busts set the franchise back, often for years.  There are as many (or more) busts as there are QBs that develop into effective starters.  Wasting a first round pick on a QB that doesn’t pan out – particularly when reaching or trading up to acquire the pick – can be nothing short of devastating for a franchise.  Read more

Tags: NFL Teddy Covers Las Vegas

Las Vegas sportsbooks gladly take big bets on Mayweather-Pacquiao

05.01.2015     07:25 AM     Printer Friendly blog entry.
We know of Las Vegas sportsbooks that won't take over a dime on a college football total and yet they are reportedly accepting six figure wagers on Saturday's Mayweather-Pacquiao fight without manager approval.

"You get a big bet on Mayweather, you get six tickets right behind it -- 20, 100, 150, 200 (dollars) -- on Pacquiao," he said. "The ticket ratio in this fight will never, ever, ever go below five to one. The Filipinos love their guy, but they're not going to rush in and bet millions of dollars on these fights. They're betting on their guy. They just want a ticket in their pocket for $20 and they want to see their guy knock off the king."


Tags: Boxing Floyd Mayweather Manny Pacquiao Las Vegas

Las Vegas sportsbook takes three massive bets on Mayweather

04.30.2015     08:22 AM     Printer Friendly blog entry.
According to Westgate Sportsbook oddsmaker Jay Kornegay, there have been three six-figure bets placed on Floyd Mayweather.

"America has to bet this fight," veteran sports book director Jay Kornegay of the Westgate Las Vegas Superbook said. "Everyone coming to this town, they're going to wager on this fight. And we think 70% of the action will come in from Thursday on."

"Most people would rather bet $20 and win $40, than bet $20 and win $10," Kornegay said. "We see it at the window: 'Yeah, I'll bet Mayweather,' then they see it's $21.50 to win $10, and they're like, 'Oh, what about Pacquiao?' "

Tags: Boxing Floyd Mayweather Manny Pacquiao Las Vegas

Will online gambling impact Las Vegas?

04.30.2015     08:16 AM     Printer Friendly blog entry.
MGM CEO Jim Murren doesn't think that legalized online gambling will have a negative impact on his company's bottom line.

“I think people are going to go to Las Vegas for March Madness, they are going to go to Las Vegas for the Super Bowl. They are going to go, even if there is sports betting in New Jersey and other states,” Murren said, drawn by hotel, entertainment and dining attractions.

Tags: Las Vegas

Las Vegas sportsbooks likely to root for Mayweather

04.29.2015     07:38 AM     Printer Friendly blog entry.
MGM oddsmakers Jay Rood talks about what going on in the betting markets for Saturday's Mayweather-Pacquiao fight.

FS: Is it fair to say at this point that the book's greatest exposure is a Pacquiao victory?

JR: Absolutely. I would have to say that most books are experiencing the same with the number dropping all around. At this point in time, most of the books are Mayweather fans. 

Tags: Boxing Floyd Mayweather Manny Pacquiao Las Vegas


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