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Las Vegas' Mirage was only sportsbook to take action on Tyson-Douglas fight

02.05.2015     08:14 AM     Printer Friendly blog entry.
Famed Las Vegas bookmaker Jimmy Vaccaro recalls being the only one willing to hang a line on the Douglas/Tyson fight. Despite the historic upset, the Mirage managed to be in a "no lose" situation regardless of the outcome.

"I opened the Buster Douglas/Tyson fight at 27-to-1 and people jumped on Tyson. The first bet I took was for $81,000 to win $3,000. I moved it to 32-to-1 and the next guy bet something like $93,000 to win $3,000. And since we were the only place offering odds, everybody had to come to The Mirage if they wanted to bet. … So, eventually it got up to 42-to-1 and by adjusting numbers to get two-way action, we were in a spot where if Tyson lost we could win $104,000 and if Tyson won we would gain $3,000."

Tags: Las Vegas

Las Vegas sportsbooks make small $3.2 million profit on Super Bowl XLIX

02.03.2015     06:00 AM     Printer Friendly
It was a profitable Super Bowl for Las Vegas sportsbooks but a far cry from last year's 16.5% hold. The Patriots/Over outcome wasn't ideal but combined with prop bets, Vegas sportsbooks pulled in over $3.2 million (2.8%). The $115 million wagered was second all-time to last year's $119 million.

Las Vegas Sportsbook Super Bowl Profits 1995-2015
Net Profit
New England 28, Seattle 24
Seattle 43, Denver 8
Baltimore 34, San Francisco 31
NY Giants 21, New England 17
Green Bay 31, Pittsburgh 25
New Orleans 31, Indianapolis 17
Pittsburgh 27, Arizona 23
NY Giants 17, New England 14
Indianapolis 29, Chicago 17
Pittsburgh 21, Seattle 10
New Engand 24, Philadelphia 21
New England 32, Carolina 29
Tampa Bay 48, Oakland 21
New England 20, St. Louis 17
Baltimore 34, NY Giants 7
St. Louis 23, Tennessee 16
Denver 34, Atlanta 19
Denver 31, Green Bay 24
Green Bay 35, New England 21
Dallas 27, Pittsburgh 17
San Francisco 49, San Diego 26

Tags: NFL Super Bowl XLIX Las Vegas

Nevada sportsbooks crushed in 2014

01.30.2015     01:56 PM     Printer Friendly blog entry.
Nevada sports books enjoyed their biggest year ever thanks to an all-time high of betting volumue.

"[Sports] betting volumes have set records in five consecutive years and win totals have set records in two consecutive years." Lawton said. "This year without a doubt, sports betting was the growth story."

Tags: Las Vegas

Nevada's Black Book adds another name

01.30.2015     07:24 AM     Printer Friendly blog entry.
The Nevada Gaming Commission recently added another name to its famed Black Book running the total up to 33. According to the rules, the only way to have one's name removed from said book is death. 

Tags: Las Vegas

Super Bowl XLIX Gambling: Las Vegas sportsbooks promote "Big Game" parties

01.28.2015     11:34 AM     Printer Friendly blog entry.
Add the NFL to the list of things that suck. The other day we linked to a list of all of the Las Vegas sportsbooks hosting Super Bowl parties. There's one common theme: the sportsbooks aren't allowed to promote their party using the term "Super Bowl." Geesh. "Big Game" seems to be the most commonly used alternative. The NFL dropped the hammer on this over a decade ago but still feels the need to pop it's head in every year for a passive aggressive reminder to never mess with the machine.

Tags: NFL Las Vegas Super Bowl XLIX

Super Bowl XLIX Gambling: New England Patriots remain hottest bet in Las Vegas

01.28.2015     06:59 AM     Printer Friendly blog entry.
It's been well documented that the early money for Super Bowl XLXI has come in on the New England Patriots. But exactly how much you ask? According to Las Vegas' Westgate, the ratio is a startling 3.5-to-1. That said, less than 20% of projected handle is currently in play.

"It hasn't slowed people down as far as liking the Patriots -- they don't care," head oddsmaker Ed Salmons said. "That outside noise, trying to predict how it's going to affect a team, is impossible. Unless you're inside that locker room, you don't know."

Tags: NFL New England Patriots Super Bowl XLIX Las Vegas

Super Bowl XLIX Gambling: Offshore still rules the roost when it comes to prop bets

01.27.2015     01:47 PM     Printer Friendly blog entry.
If you're looking to bet some of the crazy props associated with the Super Bowl, you'll have to do so offshore. Las Vegas is still limited in what they can allow; basically anything not associated with the box score is a no-no with the exception of the coin flip. Meanwhile, most offshore/offscreen sportsbooks offers the likes of Bill Belichick's hoodie color as well as the Nielsen TV Rating.

Tags: NFL Super Bowl XLIX Las Vegas

Teddy Covers' Las Vegas Wiseguy Report: Bettors ready for Super Bowl XLIX

01.26.2015     10:49 AM     Teddy Covers     Printer Friendly
Submitted by Teddy Covers blog entry.
It’s Super Bowl time again.  I use this line every year because it’s true – this IS the moral equivalent of Christmas Day for many sports bettors.  Yet, much like last year, many of the professional full time bettors that I know are rather disappointed with the proposition betting opportunities for Super Bowl XLIX – there’s simply not much low hanging fruit.  The biggest and best sportsbooks (market leaders both here in Vegas and offshore) have learned from previous mistakes.  Weak numbers do NOT abound in 2015.

Let me start with the game itself.  The Super Bowl itself has been an underdog bettor’s paradise in recent years.   The Seahawks were underdogs at kickoff last year in their blowout win over the Broncos. The Ravens won the Super Bowl in 2013, as the underdog, beating the favored 49ers.  The Giants won the year before as an underdog; knocking off the Patriots.  In 2010, the Saints won straight up as a dog over Peyton Manning and the Colts.  In 2009, the Cardinals covered the spread in a tight loss to the Steelers.  In 2008, the Gia nts beat the favored 18-0 Patriots Read more

Tags: NFL Super Bowl XLIX Teddy Covers Las Vegas

Las Vegas sportsbooks gear up for Super Bowl XLXI

01.26.2015     10:43 AM     Printer Friendly blog entry.
Our friends from The Vegas Parlay have compiled a nice list of all of the Las Vegas sportsbook Super XLIX parties. There’s everything from high-end group parties to $1 hot dogs.

Tags: NFL Super Bowl XLIX Las Vegas

WATCH: Sportsmemo Handicapper Teddy Covers in Life On The Line

01.23.2015     02:33 PM     Printer Friendly
With no football this weekend (the Pro Bowl doesn't count) and 200 college basketball games perhaps not your schtick you can sit back and watch the sports betting documentary Life On The Line for free. It features Sportsmemo Handicapper Teddy Covers as they discuss life as a sports bettor in Las Vegas.

Tags: Las Vegas Teddy Covers


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