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Understanding the realities of legalized sports betting

02.27.2015     08:29 AM     Printer Friendly
Well informed article by ESPN's Jeff Ma on the five myths of legalized sports betting.


Myth No. 5: It will create greater risk for game fixing

Myth No. 4: It will damage the sports betting business in Las Vegas

Myth No. 3: It will put local illegal bookies out of business

Myth No. 2: It will create more "problem gamblers"

Myth No. 1: It will result in large revenue for the leagues











Nevada approves Olympic betting

02.27.2015     08:20 AM     Printer Friendly
SportsMemo.com blog entry.
Nice to see Las Vegas expand its game with Olympic betting getting the approval of the Nevada Gaming Commission. We don't imagine the market will be all that big, nor will the lines compare to that of Pinnacle or other offshore giants. But it'll be a refreshing option for bettors looking for action prior to the football season. The 2016 Summer Olympics in Rio de Janeiro will run nearly the entire month of August.


“I think we’re going to do something very remarkable and add a new dimension to sports betting,” said commission Chairman Tony Alamo at the outset of today’s hearing. He said it will probably bring in a small amount of revenue, but nonetheless called it a “big deal” that “globalizes the legitimacy of what we do.”






Tags: Las Vegas




Bettman has concerns about sports betting; knows no one bets hockey

02.26.2015     12:11 PM     Printer Friendly
NHL commissioner Gary Bettman on sports betting. What's funny is Gary is well versed on the fact that virtually no one in Las Vegas even bets hockey.


This is a lot bigger deal to basketball and football because that’s where the bulk of the money is bet. For us, if you look at the Las Vegas take, we’re at about 1 percent. That has nothing to do with the popularity as it does the nature of the game and how susceptible it is to betting on it. My bigger concern if there is going to be a discussion going on is twofold. One, what is the imagery? What is the statement we want to make about sports and professional athletes? Should young people who idolize athletes and focus on sports view it as a betting vehicle or view it as something different, more akin to what it’s been?   That’s a concern to me. And secondly, there is a concern about the environment in the building. There’s nothing wrong with race tracks, but I don’t like that atmosphere compared to the atmosphere we try to have in our

Read more



Tags: NHL




College Basketball Betting Free Play: San Diego Toreros at Gonzaga Bulldogs

02.26.2015     10:29 AM     Teddy Covers     Printer Friendly
Submitted by Teddy Covers

SportsMemo.com blog entry.
San Diego +17.5 at Gonzaga O/U 133
Recommendation: San Diego


Gonzaga is, by far, the best team in the West Coast Conference.  They’ve been destroying their WCC foes all year, to the tune of a 16-0 conference record.  But the pointspread is the great equalizer, and the Zags are just 7-8-1 ATS in WCC play; not exactly a ‘bet-on’ team.
The Zags are coming off a HUGE come-from-behind win at St Mary’s last weekend, clinching the conference title and setting Gonzaga up as a possible #1 seed come tourney time.
 
Senior night comes against BYU on ESPN2 this coming Saturday, followed by the WCC Conference Tournament in Las Vegas next weekend.  In between, the Zags have nothing but this tricky matchup against San Diego; a clear flat spot on their schedule.

The Zags have had trouble building margins against the Toreros even when it’s not a flat spot.  In eight meetings between these two teams since the start of the 2012 campaign, the Zags have a grand total of one win by more than the 17 point margin they’ll need to win by tonight in order to cover the number.  Both Read more



Tags: College Basketball San Diego Toreros Goznaga Bulldogs Teddy Covers




NBA Handicapping: Atlanta Hawks' ATS success garners nationwide fame

02.23.2015     12:03 PM     Printer Friendly
SportsMemo.com blog entry.
Congratulations, Atlanta Hawks. You've officially reach betting nirvana when The New York Times writes an article about your spread covering prowess. The Hawks are 38-18 ATS this season and that's with a 5-7 ATS lull over the last three weeks.


“The athletes don’t talk about A.T.S. records; they’ll only talk about the winning streak itself,” said Pete Korner, head of a Las Vegas line-making consulting firm, the Sports Club. “They don’t necessarily know what the spread is for games they play.”









Tags: NBA Atlanta Hawks




Teddy Covers' Las Vegas Wiseguy Report: Betting against the Washington Wizards

02.23.2015     11:45 AM     Teddy Covers     Printer Friendly
Submitted by Teddy Covers

SportsMemo.com blog entry.
Last week in this space, I highlighted a pair of NBA teams that had all the makings of being strong bet-on squads over the final two months of the regular season.  Those two teams – the Indiana Pacers and the Oklahoma City Thunder – combined to go 5-0 SU and 5-0 ATS in their first five games coming out of the All Star break.  I don’t think either one of those squads has even approached their peak yet, still offering tremendous bet-on potential moving forward.  In particular, OKC even without Durant in the lineup is capable of very big things, both SU and ATS.

This week I’m going to look at a single team on the other end of the spectrum – a dead nuts bet-against squad over the final two months of the campaign.  With sincere apologies to the Denver Nuggets, my #1 fade team in the NBA right now is the Washington Wizards.  While Denver is a lottery team that is being priced like a lottery team, Washington is still being priced as a strong playoff contender in the Read more



Tags: NBA Washington Wizards Teddy Covers Las Vegas




Teddy Covers' Las Vegas Wiseguy Report: NBA post All-Star bet-on teams

02.16.2015     10:28 AM     Teddy Covers     Printer Friendly
Submitted by Teddy Covers

SportsMemo.com blog entry.
The All-Star game has come and gone, leaving us headed for the homestretch of the NBA campaign; the final eight weeks of action between the All Star Break and the start of the playoffs.  In this week’s Wiseguy Report, I’ll be taking a hard look at two veteran teams – one from the East and one from the West – that have all the makings of being strong bet-on squads over the final two months of the regular season.

My #1 post All-Star break bet-on team from the East is the Indiana Pacers.  At 21-33 SU, Indiana can only be described as a disappointment thusfar;  a major drop for a team that earned the #1 seed in the Eastern Conference playoffs last spring while making their second consecutive trip to the Eastern Conference Finals.  

Many veteran teams that have suffered through major drop-offs aren’t particularly excited about putting together a late playoff run, only to be outclassed in their opening round matchup.  There’s a reason that a team like Brooklyn, for example, isn’t on this list.  But the Pacers are one veteran team that is capable of pulling off a series upset Read more



Tags: NBA Indiana Pacers Oklahoma City Thunder Teddy Covers Las Vegas




AGA wants gambling to be addressed during 2016 presidential campaign

02.16.2015     08:40 AM     Printer Friendly
SportsMemo.com blog entry.
The American Gaming Association is hoping that the current state and future of the industry will be a talking point throughout the upcoming 2016 presidential campaign.


“We’re going to call on presidential candidates to become more educated about this industry, to replace myths with facts, and to let these candidates know the gaming industry is a gateway to middle-class jobs,” Freeman said at a press conference promoting the initiative.

“When they’re talking about issues like putting Americans back to work, reforming the regulatory burdens in this country, tax reform, infrastructure — they’re talking about issues important to the gaming industry.”











Awesome video of Las Vegas casino demolition

02.10.2015     01:51 PM     Printer Friendly
Hopefully this isn't some sort of metaphor for your evening of betting college hoops.




Tags: Las Vegas




Teddy Covers' Las Vegas Wiseguy Report: Sports betting becoming part of mainstream

02.09.2015     08:35 AM     Teddy Covers     Printer Friendly
Submitted by Teddy Covers

SportsMemo.com blog entry.
Something remarkable is happening in the world of sports betting right now; a strong push towards nationwide acceptance and legalization of our favorite pastime.  I moved to Las Vegas in 1998 and I’ve never seen anywhere close to the level of positive momentum that sports betting is enjoying here in February, 2015.  What has changed and why is it changing when it comes to broader attitudes about sports betting?  Read on to find out.

Over the course of the last few months, there has literally been a paradigm shift is how sports betting is viewed nationally.  I did a TV interview for PBS Newshour before the Super Bowl; an interview that was excerpted in a nine minute piece on the national nightly news about sports betting here in Vegas and across the country from a fairly conservative news organization.  If that’s not an indicator that sports betting has moved to the mainstream, I don’t know what is!

New NBA Commissioner Adam Sliver spent many of his formative years as a league administrator overseas as the league’s deputy commissioner.  His quote from David Purdum’s excellent article in ESPN The Magazine Read more



Tags: Teddy Covers Las Vegas



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