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World Series of Poker hosts $1 milion buy-in tournament

04.12.2012     01:57 PM     Printer Friendly
SportsMemo.com blog entry.
The World Series of Poker is slated to host a $1 million buy-in tournament – reportedly the richest top prize in poker history. The event will take place on July 1 in Las Vegas and will air live on ESPN.



Tags: Poker




Oddsmaker takes pride in being able to put a solid line on any event

04.11.2012     01:34 PM     Printer Friendly
SportsMemo.com blog entry.
The Las Vegas Sun did an interview with Wynn Sportsbook Director Johnny Avello. Avello has made a name for himself setting odds on entertainment events such as Miss America and the Westminster Kennel Club Dog Show.


Tags: Las Vegas




Bettors cash in on Bubba Watson at Masters

04.11.2012     11:14 AM         Printer Friendly
Submitted by

SportsMemo.com blog entry.
The 2012 Masters took in the most betting action in golf history. Bubba Watson, who opened at 40-1 to win and has never taken a golf lesson, provided his betting backers with a big pay day. Bubba closed at 30-1 to win at the LVH (Hilton) in Las Vegas, but the sportsbooks still made plenty of money and ‘green’ on the tournament. Tiger Woods recent win at Bay Hill and his return to Augusta sparked big betting action and profit for the sportsbooks with Tigers finishing T40th; the worst Masters Tournament of Woods’ professional career. 

I was at LVH last week and bet Bubba and others to win and had a few large tickets on Bubba’s finishing position. I also posted this top recommendation in the Sportsmemo posting forum and sent out on Twitter (@FairwayJay). LVH opened Watson’s O/U finishing position at 27.5 and was bet down sharply to 23.5 before closing at 24.5. LVH takes $1,000 max bets on O/U wagers, and I corresponded and talked with LVH golf oddsmaker Jeff Sherman about the tournament. Sherman noted Read more


Tags: PGA __




Las Vegas' gaming industry starting to see positives

04.09.2012     07:05 AM     Printer Friendly
SportsMemo.com blog entry.
According to some, Las Vegas' gaming industry is slowly starting to bounce back.


“Gaming remains the primary engine that runs our local economy. When the gaming industry begins to show improvement, it can provide confidence to the business community at large. A healthy Las Vegas gaming industry can spark job creation in many sectors of our economy,” commercial real estate broker and hotel expert Mike Mixer said.

“Hotel/gaming investors will respond positively as improved profits are reported. This will attract additional investment and investors, which will drive hotel and gaming industry revenue. This, in turn, allows the industry to ramp up investment in capital and labor,” he said.





Tags: Las Vegas




Fairway on the Felt: Poker in Las Vegas

04.04.2012     02:25 PM         Printer Friendly
Submitted by

SportsMemo.com blog entry.
I’ve been playing profitable poker for years, and with more recent success, I may write and post more on poker. I’ve had to limit my poker coverage due to various commitments along with sports handicapping, but after playing in recent months some of the stories and follies from the felt may have to be brought forward. As you can image, there is often plenty of sports betting talk at the poker table, as poker player’s talk about the games and betting lines. Yet much of the poor reasoning and thought processes of the recreational sports bettor is also found in poor play and decisions at the poker table.

Living in Las Vegas affords us great opportunities to play poker, and for those with patience, discipline and a solid understanding of the ‘fundamentals’ of poker play, there can be plenty of profit and reward.  As I’ve mentioned in the past, there is a strong correlation between sports bettors and poker players. I’ve played and covered events at the Palms in Las Vegas, and they will soon have a new poker room and sports book run by Cantor Gaming. Note recent comments from the new Palms Hotel President, “We wanted the Read more


Tags: __ Poker Las Vegas




Palms Casino nears completion of new sportsbook

04.04.2012     06:53 AM     Printer Friendly
SportsMemo.com blog entry.
Las Vegas' Palms Casino is close to finishing its new Cantor sportsbook.


“First and foremost, it’s going to be improved aesthetically,” Magliarditi said during an interview at the Palms executive offices last week. “It will look like a complete new book. … It’s the first big step where we say, ‘Here are the beginnings of the changes at the Palms.’ Let’s face it, the sports book was pretty beat up. It was hard to even see the TV screens. Now we’ll see state-of-the-art video technology, what you see every time Cantor does a book.“






Tags: Las Vegas




Final Four Gambling: Las Vegas oddsmaker expects more Kentucky and Ohio State money

03.31.2012     07:42 AM     Printer Friendly
A Tweet from LVH oddsmaker Jay Kornegay on where he projects the money to come in on for tonight’s Final Four. LVH is currently right in line with the market; Kentucky -8.5 O/U 136.5 and Ohio State -2.5 O/U 135.5.

copy_kornegay_final_four.JPG

 



Tags: College Basketball




Sportsmemo's Teddy Covers offer last minute opinions on betting the Final Four

03.31.2012     07:30 AM     Teddy Covers     Printer Friendly
Submitted by Teddy Covers

SportsMemo.com blog entry.
Sportsmemo's Teddy Covers was featured in Chad Millman's ESPN Final Four preview. Below is what Teddy had to say about both matchups.


Covers says: "I actually thought Louisville-Kentucky would be a little shorter at about seven. Betonline opened at 9.5, 5Dimes opened at 8. I honestly think that number is a little bit high. With Kentucky you are talking about four or five guys that could start in the NBA next year. The problem with that side is I don't think they can play any better than they did recently -- they were just lights out. And yet against Indiana and Baylor, there we were at the end and sweating it out. As good as they were and as well as they played, there is not a lot of value on the Kentucky side. Louisville is a great dog, 8-3 catching points this year. Look at the first game these two played: The fact that Louisville held Kentucky under 30 percent shooting in that game tells us that team has the potential to keep the game in check. I haven't bet it yet because I think we might see 9.5 in Vegas before we tip off."

Covers says: "In February, before the brackets, I wrote that I thought these two teams would play for the Read more



Tags: College Basketball Kentucky Wildcats Louisville Cardinals Ohio State Buckeyes Kansas Jayhawks Teddy Covers




The odds of you winning the $500 million Mega Jackpot are not good

03.30.2012     06:40 AM     Printer Friendly
SportsMemo.com blog entry.
There is a good chance you are not going to win today's $500 million Mega Millions jackpot (1 in 176 million odds). Sorry. But if you crave long shots, here are some that provide better odds.

Hitting "00" in Roulette: 1 in 38
Getting struck by lightning: 1 in 280,000
Charlotte Bobcats win two games in a row 1 in 1.2 million (kidding!)
Perfect NCAA Bracket: 1 in 13.5 million
Winning a progressive slot jackpot: 1 in 25 million








Betting handle on March Madness surpasses Super Bowl

03.28.2012     07:55 AM     Printer Friendly
SportsMemo.com blog entry.
Reports say that the betting handle generated from March Madness has surpassed that of the Super Bowl in Las Vegas. Not entirely shocking considering how many postseason college basketball games there are for bettors to wager on.


“You take all those games and combine them all, it surpasses what we take in on the Super Bowl,” Kornegay says. “It’s 67 games, as opposed to one game.”

But the state's legalized sports books typically see a $100 million jump in total basketball betting every March, Streshley says.

In 2011, gamblers wagered $256.6 million on college/pro basketball in March vs. $114.3 million in February. With the Big Dance wrapped over by early April, the basketball handle for that month then dropped back to $78.2 million.





Tags: College Basketball NFL



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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, and Paul Stone. 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.   Nov 01, 2014 12:24 AM.