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October

21

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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




Los Angeles to Las Vegas high-speed train project in the works

03.26.2012     07:25 AM     Printer Friendly
SportsMemo.com blog entry.
DesertXpress, a high-speed train that is expected to lure visitors from California to Las Vegas, is close to receiving a massive $4.9 billion loan from the federal government. There are questions though as to whether or not the project makes financial sense (they rarely do). For starters, it is a park-and-ride, meaning residents of Los Angeles will have to drive to about an hour outside the city and then jump aboard the train, which would take about an hour and a half. Once passengers get to Las Vegas, they must then find transportation to a hotel/casino. You can also fly roundtrip from LA to Vegas for about $100.


"It's insanity," says Thomas Finkbiner of the Intermodal Transportation Institute at the University of Denver. "People won't drive to a train to go someplace. If you are going to drive, why not drive all the way and leave when you want?" 






Tags: Las Vegas




NFL Gambling: Tebow to Jets having no impact in betting markets

03.22.2012     06:53 AM     Printer Friendly
While Denver’s acquisition of Peyton Manning caused shockwaves across the betting community, New York's decision to pick up Tim Tebow – at this point – has had little to no impact according to oddsmakers. The Jets remain a 25-1 shot to win Super Bowl XLVII.


“I don’t see how he makes the Jets a better football team,” Andrew Patterson of Las Vegas Sports Consultants said in a telephone interview. “He’s not going to play quarterback, he’s going to come in maybe on third downs, but if a team signs a really good fullback, does it affect their win total or game lines? No, not really.”[END-QUOTE:]




Tags: NFL Denver Broncos New York Jets




Trial for last year's Black Friday starts in April

03.21.2012     01:10 PM     Printer Friendly
Wonder how many friends this guy has on his Facebook page...


Tzvetkoff, 29, was arrested in 2010 in Vegas for allegedly processing an estimated $1 billion in illegal Internet poker transactions via his company, Intabill. Before making a deal with the prosecution, he was facing up to 75 years in prison. Once a big deal in Australia media, Tzvetkoff was estimated to be worth $82 million only a few years ago. He owned a $27 million house on the Gold Coast with a garage full of Ferraris and Lamborghinis.

Since agreeing to cooperate with officials, he has reportedly given more than 90,000 pertinent documents including confidential emails to prosecutors. As an informant, Tzvetkoff helped bring down the big three online poker sites last year, Full Tilt Poker, PokerStars, and Absolute Poker.





Tags: Poker




The story behind blackjack guru Don Johnson

03.21.2012     10:19 AM     Printer Friendly
SportsMemo.com blog entry.
Article on how famed blackjack player Don Johnson single-handedly crushed Atlantic City. It is a cool story but we can’t help but notice that a majority of these "win big" stories come out of struggling Atlantic City as oppose to say, Las Vegas. We're not saying Johnson isn't real, or he didn't win what was reported but casino marketing has always worked in weird and mysterious ways.


According to Johnson, the Trop pulled the deal after he won a total of $5.8 million, the Borgata cut him off at $5 million, and the dealer at Caesars refused to fill the chip tray once his earnings topped $4 million.

“I was ready to play on,” Johnson said. “And I looked around, and I said, ‘Are you going to do a fill?’ I’ve got every chip in the tray. I think I even had the $100 chips. ‘Are you guys going to do a fill?’ And they just said, ‘No, we’re out.’”










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