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Teddy Covers talks Philadelphia Eagles and UNLV season over/under wins

08.26.2015     01:31 PM     Printer Friendly blog entry.
Sportsmemo Handicapper Teddy Covers answers seven questions for

I’ve got $100 in my pocket. Which way do I go on the season win total (2½) for the Rebels?

Keep the $100 in your pocket. When you look at their schedule, you don’t see three wins. That being said, the Mountain West stinks this year. UNLV has a quarterback in a league where no one has a quarterback. So that makes them live to pull an upset here, an upset there, maybe steal one. I’ll say this much: UNLV isn’t going to win more than two or three games.

Tags: NFL College Football Philadelphia Eagles UNLV Rebels Las Vegas

Sportsmemo Handicapper Erin Rynning featured at SuperContest seminar

08.24.2015     09:43 AM     Printer Friendly blog entry.
Las Vegas bettors should make their way down to the Westgate SuperBook this Friday for the annual SuperContest seminar. The event is free and will be held in Ballrooms A and B. Doors open at 5 pm PT. The college football panel will start at 6 pm followed by the NFC at 7:20 pm and AFC at 8 pm. Sportsmemo Handicapper Erin Rynning will be on the AFC panel.

Tags: NFL College Football Erin Rynning Las Vegas

Teddy Covers' Las Vegas Wiseguy Report: How to bet NFL Season O/U Wins Part II

08.10.2015     10:17 AM     Teddy Covers     Printer Friendly
Submitted by Teddy Covers blog entry.
Last week in this space, I looked back at last year’s final NFL standings and discussed the impact of strength of schedule models on those results.  I differentiated between mainstream widely available numbers for the 2014 strength of schedule (simply adding up wins and losses for every opponent) and my own formula, relying on power rating numbers from the week that the game was played. 

The goal was simple -- getting more accurate numbers to properly assess last year’s results in strength of schedule context as a starting point for 2015.

We’re done with last year now. This week, I’ll focus on the 2015 NFL strength of schedule as they relate to season win totals.  Once again, my goal is to differentiate between the mainstream numbers and the meaningful ones.

Google ‘2015 NFL Strength of Schedule’ and you’ll find countless charts exactly like this one.
1. Pittsburgh Steelers (.579)
2. Cincinnati Bengals (.563)
3. Read more

Tags: NFL Teddy Covers Las Vegas

Las Vegas bettors with new option to hedge bets

08.10.2015     07:10 AM     Printer Friendly blog entry.
A new way to bet futures in Las Vegas.

“If you are a sharp bettor, you can win off inefficiencies in the markets,” Pergande said. “What you look like in Week 2 is who you are. But in the sports books and the public’s opinion, people overreact. And when people overreact, that means there’s volatility. And when there’s volatility, that’s when you can make money.”

“We talk about the concept of hedging or locking a profit,” said Ted Sevransky, a veteran Las Vegas handicapper known as “Teddy Covers.” “This turns that concept into a reality.”

Tags: Las Vegas

NFL Handicapping: Las Vegas oddsmakers react to Deflategate

08.05.2015     01:42 PM     Printer Friendly blog entry.
Las Vegas oddsmakers talk about Tom Brady's suspension and how it has impacted their lines as well as placing limits on New England's season over/under wins.

"Home team, capable backup [quarterback]," Rood said in explaining New England's favored status in the opener. "We've put some strong limits on it. If Brady plays, that number could jump to six."

"From what I'm hearing, Jimmy G is going to be more than a capable replacement and [Patriots Coach Bill] Belichick usually always gets his guys ready to go," Rood said about the 10 1/2 number.

"What I don't want to do is have a knee-jerk reaction."

Tags: NFL New England Patriots Las Vegas

Teddy Covers' Las Vegas Wiseguy Report: How to bet NFL Season O/U Wins Part I

08.03.2015     10:33 AM     Teddy Covers     Printer Friendly
Submitted by Teddy Covers blog entry.
When looking at the entirety of the NFL futures market, Super Bowl odds and odds to win divisions or conferences only give bettors one choice – betting ON a particular team.  Then that team has to beat out all of their competition to win the division/conference/Super Bowl for you to cash, offering the potential for big payday longshot returns, but cashing a low percentage of the wagers that are made.

NFL Season O/U Win totals, on the other hand, offer bettors the opportunity to bet AGAINST teams in relatively low juice situations.  And with win totals, even when betting Overs, the team you are betting on doesn’t have to win anything big. 

For example, the Buffalo Bills didn’t win their division last year; unable to get past mighty New England.  They didn’t win the AFC or the Super Bowl.  But they cashed every Over ticket that was bet on their season win total before December rolled around.  Buffalo’s 9-7 campaign offered a no sweat positive return-on-investment for a squad lined at 6.5 or 7 wins prior to the season.

In my opinion, NFL win totals remain among the most profitable set of wagers Read more

Tags: NFL Teddy Covers Las Vegas

Treasure Island to offer mobile app

07.30.2015     08:47 AM     Printer Friendly blog entry.
Las Vegas' Treasure Island casino and sportsbook is going the mobile app route.

“We continually evolve our race and sports book to bring the latest in technology to our customers,” Treasure Island’s race and sports book director Tony Nevill said.

“With mobile usage dominating the marketplace, creating an app was the obvious next step.

“Now, even when a guest can't be present in our race and sports book, they can still participate in real time, real money sports wagering in Nevada.”

Tags: Las Vegas

NBA Gambling: League won't place expansion team in Las Vegas

07.20.2015     08:31 AM     Printer Friendly blog entry.
An NBA expansion team in Las Vegas? Not likely.

"There are no obstacles whatsoever in terms of the city to us coming to Las Vegas," Silver said. "We had an All-Star Game here (in 2007). We chose to put our largest summer league here. We have never suggested the fact sports betting takes place legally in Las Vegas is an impediment to us coming here. The reception we have received from this community has been terrific.

"The ultimate issue is that we are just not in an expansion mode right now. It doesn’t mean that expansion will never be in our future, but it’s just not at the moment."

Tags: NBA Las Vegas

Aliante Sportsbook now offering sports betting app

07.08.2015     10:14 AM     Printer Friendly blog entry.
Las Vegas' Aliante Casino and Sportsbook announced the release of its own sports betting app. Unlike a lot of Vegas sportsbooks, Aliante offers reduced juice MLB lines. Shops like Stations, Coasts, and Mirage deal 15-cent lines or more on sides. According to our odds screen, Aliante offers eight-cent lines. We're unsure however if that is the going rate for all bettors or just the small player/general public.

Tags: MLB Las Vegas

Las Vegas' Cosmo says its closing Book & Stage sportsbook

07.03.2015     09:16 AM     Printer Friendly blog entry.
Las Vegas' Cosmopolitan is shutting down its Book & Stage sportsbook next week. 

“We are constantly looking to add unique and compelling experiences to the resort and will be announcing an exciting lounge concept over the next month in the former Book & Stage space,” resort reps said in statement announcing the closure.

Tags: Las Vegas


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