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May

17

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Sports betting in New Jersey will happen but not as soon as everyone would like

05.17.2018     08:23 AM     Printer Friendly
SportsMemo.com blog entry.
Pump your brakes, bettors. Talk that New Jersey's Monmouth Park will be taking bets within two weeks have since cooled due to the fact that no one knows exactly what rules and regulations will be put in place. To New Jersey's credit, while eager, there appears to be a "let's make sure we get this right" approach in place.


"Operationally, the sportsbook is built out, with just a little bit of additional equipment to be brought in," William Hill U.S. CEO Joe Asher said. "We need to hire and train front-line employees and get our arms wrapped around any regulations that are going to be put in place."











NBA Playoff Betting News: Betting markets expect Cleveland Cavaliers to come out strong for Game 3

05.17.2018     08:17 AM     Printer Friendly
SportsMemo.com blog entry.
Well, this is interesting. Down 2-0, the Cleveland Cavaliers opened as -5.5 home favorites for Saturday's Game 3. After taking early money, they are now -6.5 both offshore and in Las Vegas. But what's interesting is the first half line. The Cavs are laying -6.5 for the game and as high as -6 (CRIS) for the first half. To compare, Golden State is -7 for the game and -4 in the first half for Sunday's Game 3. 




Tags: NBA Cleveland Cavaliers Boston Celtics



May

16




NBA and MLB Betting Podcast 5-15-2018 with Sportsmemo Handicapper Erin Rynning

05.16.2018     01:58 PM     Printer Friendly
SportsMemo.com blog entry.
Wednesday's Sportsmemo Podcast featured Sportsmemo Handicapper Erin Rynning. ER and host Andrew Lange gave their thoughts on tonight's MLB and NBA Playoff games.

Today's segments
Erin Rynning - MLB and NBA

To listen to past shows, be sure to visit our Sportsmemo Podcast Homepage.


ITunes users can subscribe to the show by searching "Sportsmemo" in the podcast directory.




Tags: NBA MLB Erin Rynning Andrew Lange




Local bookies don't appear worried about regulated sportsbooks

05.16.2018     09:20 AM     Printer Friendly
SportsMemo.com blog entry.
But about the local bookie? Most are saying fear not, especially if regulated sportsbooks fail to offer what bettors can get offshore or offscreen with a local bookmakers.

 

“It’s absolutely ludicrous. Bookies in Philly are probably laughing,” said Brett Smiley, a Penn grad who’s cofounder of SportsHandle, a news site covering the business of sports betting. “I would be shocked if there aren’t conversations happening right now between casino operators and the state to lower that tax.”

“It’s going to be more a thing with the kids who bet $20 a game, that stuff,” Jerry said.



 









Paddy Power-Betfair seeks purchase of FanDuel

05.16.2018     09:14 AM     Printer Friendly
SportsMemo.com blog entry.
Let the race begin! Corporations are already starting to jockey for position following the Supreme Court’s decision to allow legalized sports betting. Sportsbook giant Paddy Power Betfair is reportedly eyeing the purchase of FanDuel.


 “This decision allows us to bring the passion and engagement we have seen among our users to new and expanded marketplaces and create a sports betting product that fans will love,” the company said.



 









Regulations will be key in determining popularity and growth of sports betting

05.16.2018     09:09 AM     Printer Friendly
SportsMemo.com blog entry.
There are a slew of different numbers being tossed around with regards to exactly how much profits legalized sports betting will yield. One analyst gave a range of $62 million to $2.9 billion. The key though will be the regulations -- everyone wants to get paid but will there be enough to go around?


 "A set of regulations and taxes need to be put into place, and we don't know what those are," Katz said in an interview. "We have seen situations in gaming where regulatory bodies are set up and tax rates are set up that's a structure so onerous that it doesn't benefit the operators to pursue it. The returns aren't good enough. It winds up being a much smaller business than anyone expected."



 

 

 









Las Vegas sportsbooks offer blueprint on how to be successful

05.16.2018     08:58 AM     Printer Friendly
SportsMemo.com blog entry.
For states looking to open sportsbooks, the logical blueprint is that of Las Vegas. William Hill is already positioned to operate at Monmouth Park. MGM and Caesars have casinos all across the country. Westgate SuperBook manager Jay Kornegay points out that sportsbooks have a very small margin, meaning in order to turn a profit, they need to be run correctly.


“Most of those that are operating in Las Vegas today are operating in other markets around the country,’’ he said. “I can assure you that those companies are excited about the possibility of bringing their expertise into these other markets as they consider sports betting."

“A Las Vegas sports book works on a very slim margin and its the lowest hold percentage of any casino game offered,’’ he said. “Not to mention it’s very expensive to operate.

“The potential operators out there really need to understand not only how a book operates, but also the financials of a book before they put

Read more



Tags: Las Vegas




May

18


May

15


 
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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, Ian Cameron, and Drew Martin. Listen to these handicapping experts daily on the Sportsmemo Podcast Monday-Friday at Sportsmemo.com.  Missed the Sportsmemo Podcast?  Past shows are available on Sportsmemo.com's podcast archive page. Looking for daily sports betting tips and sports betting advice on the MLB, NBA, NCAA, NFL, NHL, CFL, and PGA? Check out the interactive sports betting posting forum, 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.   May 25, 2018 11:15 AM.