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Super Bowl XLVI Gambling Recap: Sportsbooks hit hard by early safety

02.06.2012     07:06 AM     Printer Friendly
Las Vegas' MGM sportsbook started Super Bowl XLVI down $250K after Tom Brady's safety resulted in the first points on the game.


“Add that up and we started off a quarter-million in the hole,” said Jay Rood, sports book director of MGM Resorts International. “That wasn’t any good.”





Tags: NFL Las Vegas Super Bowl XLVI




The ultimate guide for gambling on Super Bowl XLVI

02.04.2012     09:13 AM     Printer Friendly
SportsMemo.com blog entry.
Below is pretty much everything you could possibly need to tackle Super Bowl XLVI from a betting perspective. Enjoy.

Super Bowl XLVI Posting Forum Contest - Free to sign up. Winner takes home $1000 worth of handicapper service.

Sportsmemo Handicapper Prop Bets

Brent Crow - Tom Brady Pass Attempts

Rob Veno - Will each team have the lead in the first half?

Rob Veno - Kenny Phillips Tackles+Assists

Teddy Covers - Read more


Tags: NFL New England Patriots New York Giants Super Bowl XLVI Teddy Covers Rob Veno __ Otto Sports Erin Rynning Brent Crow




Super Bowl XLVI Gambling: Continued love for Giants may drop line to 2.5

02.03.2012     11:56 AM     Printer Friendly
SportsMemo.com blog entry.
ESPN's Chad Millman discusses Super Bowl XLVI line moves.


The game began as Pats minus-3.5. I think it was 12 minutes, no joke, before it was Pats minus-3. And for the past two weeks it's been sitting there, for the most part, with books choosing to move the cost of the bet (from New York plus-3, minus-110 to plus-3, minus-120 to plus-3, minus-125), rather than move off the three. This week on my podcast Jay Kornegay, a bookmaker at the Las Vegas Hotel, told me, "I am hoping to wait until the weekend before going to that 2.5."








Tags: NFL New England Patriots New York Giants Super Bowl XLVI




Super Bowl XLVI Gambling: Public supports the Giants, big bets made on the Patriots

02.03.2012     07:48 AM     Printer Friendly
SportsMemo.com blog entry.
Las Vegas gears up for Super Bowl XLVI weekend. According to LVH oddsmaker Jay Kornegay, 62% of the tickets have come in on the New York Giants but the bigger bets have been on the New England Patriots. 


“This creates so much traffic. It’s the biggest and most important week for Las Vegas in my eyes,” he said. “It’s about more than just the game anymore; it’s coming here to experience the whole weekend. From the Hoover Dam to the Strip, everybody benefits.”

“About 62 percent of our tickets are on the Giants so far. But the bigger plays have been on the Patriots,” Kornegay said. “This is the one event that the public, small money outweighs the sharp, big money.”






Tags: NFL New England Patriots New York Giants Super Bowl XLVI Las Vegas




NFL Handicapping: 77-year-old Vegas man wins Station Casinos' Football Contest

02.02.2012     06:00 AM     Printer Friendly
SportsMemo.com blog entry.
Article on Las Vegas resident Ernie Carey, who at 77 years old won this year's Station Casinos' NFL Contest. Carey finished 180-65, 73% straight up to claim the title. The grand prize was apparently a $225K house.


“In the first week, I had every team but the (New England) Patriots, who lost to the (Buffalo) Bills after being ahead at halftime,” Carey said. “That’s kind of the way the year went.”

“When we get that money, it will replenish my gambling fund,” Carey said. “My wife said she wants to buy new furniture, but I want to have a little extra to gamble.”

“I bet on the Patriots to win the Super Bowl at the beginning of the playoffs and I got 5-2 (odds). So if they win, I’ll get $183. Then, I put $90 on the Giants and am getting three points,” he said. “So, if they keep in close, I’ll win both sides.





Tags: NFL Las Vegas




Super Bowl XLVI Gambling: Sportsbook says 65% of action on New York Giants

02.01.2012     12:26 PM     Printer Friendly
SportsMemo.com blog entry.
Las Vegas' MGM sportsbooks are reporting that upwards of 65% of the money wagered on Super Bowl XLVI thus far has been on the underdog New York Giants. Perhaps not in play here, but consensus underdogs of above 60% have long been a betting fade no matter what the sport.


"At this point we are still getting some dog money, they are betting the Giants, and I think that will be the trend going into the weekend," Jay Rood, vice president of the race and sports book at MGM, told Reuters in a telephone interview.

"I am fairly certain that it's happening throughout the whole state (of Nevada) as well so I'm pretty sure the state is going to need a Patriots victory."






Tags: NFL Super Bowl XLVI New York Giants Las Vegas




British sportbook makes deal with Las Vegas gambling software firm

02.01.2012     11:14 AM     Printer Friendly
SportsMemo.com blog entry.
British sportsbook Ladbrokes joined the wave of foreign corporations eager to take advantage of the proposed legalization of online gambling in the United States. Ladbrokes spent $3 million for a 65% stake in Las Vegas-based gambling software designer Stadium Technology. Ladbrokes rival, William Hill, has spend upwards of $50 million in various US gambling related ventures.



Tags: Las Vegas




Las Vegas oddsmakers offer opinions on Super Bowl XLVI

01.31.2012     06:52 AM     Printer Friendly
SportsMemo.com blog entry.
Gaming Today got the opinions of some Las Vegas oddsmakers and local media members on Super Bowl XLVI. Nine of the 11 picked New England to win. LVH's Jay Kornegay was on board with the Giants and MGM's Jay Rood hinted that the game will go under.


Jay Rood, MGM Resorts – Patriots 24-23: I see a low scoring game with Brady executing a last minute drive to seal the game and his hall of fame credentials.

Mike Colbert, Cantor Gaming – Patriots 27-20: Brady and Belichick will be too much for the Giants in a double-revenge game.

Jay Kornegay, LVH Super Book – Giants 27-24: I think the Giants defensive momentum carries over into this game and frustrates Brady.

Bert Osborne, South Point – Patriots 31-20: I’ve seen the Giants look bad a lot more times this season than I have with the Patriots.

Bob Scucci, Coast Resorts – Patriots 27-24: I think this will be a closely fought game with no team getting too far ahead, just like their last Super Bowl and week 9 this year.

Read more


Tags: NFL New England Patriots New York Giants Super Bowl XLVI Las Vegas




Super Bowl XLVI Gambling: Prop bets more popular than ever

01.30.2012     01:04 PM     Printer Friendly
SportsMemo.com blog entry.
Article on the increased popularity of Super Bowl prop bets. LVH oddsmaker Jay Kornegay said close to half of the $87 million bet on last year's Super Bowl in the state of Nevada came from prop wagers. One of the most famous was Refrigerator Perrry’s touchdown during Chicago's Super Bowl XX win over New England. The line opened 100-1, was bet down to 5-1 and the books took a bath.


“When he crossed the goal line, you could hear a collective groan from all the sports books in Las Vegas,” says Vaccaro, whose sports book lost $34,000 on that prop bet alone.

“You see people at Super Bowl parties holding one ticket on the game and six tickets with prop bets,” Kornegay says. “We have a couple of guys, who, every year, bet on every single prop. When you have hundreds of them, that can really add up.”





Tags: NFL Super Bowl XLVI




Handicapper Teddy Covers' Super Bowl XLVI Gambling Preview

01.30.2012     10:34 AM     Teddy Covers     Printer Friendly
Submitted by Teddy Covers

SportsMemo.com blog entry.
The 2011 Super Bowl was not a good one for the sportsbooks here in Las Vegas and offshore. They underestimated the groundswell of support for Green Bay and the Over. Money poured in on the favorite, driving the line up as high as -3 from a -1 opener. And money poured in on the Over; the closing total was as high as 55 at several key locations. When the Packers won 31-25, bettors cashed in on both the side and total. It was the worst Super Bowl result for the books since the infamous Super Bowl XIII, back in January 1979 when the Steelers beat the Raiders 35-31 in a game that bounced between -3.5 and -4.5 all week – a dreaded “middle” for the biggest game of the year.

The books will have a definite rooting interest in the Super Bowl again this year, because for the second consecutive season, the books underestimated the support for the hot team down the stretch. New England opened as a 3.5-point favorite over the New York Giants in many key locations, with one influential sportsbook – the Wynn – even hanging a -4 on the Patriots.

-3.5 or -4 was not the correct line, as determined by the betting markets. The books spent the first week Read more


Tags: NFL Super Bowl XLVI New England Patriots New York Giants Teddy Covers



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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.   Aug 01, 2014 05:21 PM.