Posts by Brett Smiley

Examining The FanDuel Sportsbook Ticketing Snafu Through The Eyes of Nevada

The post Examining The FanDuel Sportsbook Ticketing Snafu Through The Eyes of Nevada appeared first on SportsHandle.

Sports bettors in emerging markets are continuing to discover some of the vagaries of sporting wagering. Among them are situations when an “accepted” bet may not always be a bet, and what happens

The post Examining The FanDuel Sportsbook Ticketing Snafu Through The Eyes of Nevada appeared first on SportsHandle.

Sports bettors in emerging markets are continuing to discover some of the vagaries of sporting wagering. Among them are situations when an “accepted” bet may not always be a bet, and what happens to a “wins/losses” totals bet if a team ends up with a postponed game that’s not rescheduled.

FanDuel Sportsbook, operating at The Meadowlands Racetrack, has refused to honor a $110 live betting ticket on the Broncos to defeat the Raiders on Sunday — a wager that would have paid more than $82,000. The company says the extremely large odds on the bet were caused by an error in the oddsmaking process. “The wager in question involved an obvious pricing error inadvertently generated by our in-game pricing system,” a FanDuel spokesperson said in a statement. 

The bettor, who identified himself to News 12 New Jersey as Anthony Prince, made his wager over the counter at the sportsbook at the Meadowlands with Denver trailing the Raiders 19-17 late in the fourth quarter. The Broncos then arrived comfortably in field goal range, especially given the high altitude in Denver, when Broncos QB Case Keenum completed a pass down to Oakland 18-yard line. However, as FanDuel updated the live betting odds to reflect Denver as a -600 favorite the company says an error in the live-odds feed caused the Broncos to be posted as 750-1 (+75,000) underdogs to win the game. 

 

Read more Examining The FanDuel Sportsbook Ticketing Snafu Through The Eyes of Nevada on SportsHandle.

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Sports Betting And Injuries In College Football: Separating Good Information From Noise

The post Sports Betting And Injuries In College Football: Separating Good Information From Noise appeared first on SportsHandle.

Many serious college and professional football bettors have long believed that it’s imperative to consider injuries before pushing the cash across the counter or hitting the “make bet” button on the phone

The post Sports Betting And Injuries In College Football: Separating Good Information From Noise appeared first on SportsHandle.

Many serious college and professional football bettors have long believed that it’s imperative to consider injuries before pushing the cash across the counter or hitting the “make bet” button on the phone app or computer. Others believe bookmakers have built injuries into the offered betting lines, rendering monitoring of injuries a waste of time and effort.

Although injury information can sometimes be sparse or inaccurate, perhaps attributable to coaching gamesmanship, lots of experienced bettors believe when money is at stake, you’d better pay attention.

Right now in collegiate athletics, there is no conference that provides injury information on its players, in part due to concerns over privacy laws. However in the wake of the Supreme Court ruling in May striking down the federal ban on full-fledged sports wagering outside Nevada, numerous coaches and NCAA athletic directors in major and minor conferences have signaled a tide turn and the possible if not likely future sharing of injury reports.

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William Hill Becomes ‘Official Partner’ of Vegas Golden Knights, First Deal of Its Kind

The post William Hill Becomes ‘Official Partner’ of Vegas Golden Knights, First Deal of Its Kind appeared first on SportsHandle.

The Vegas Golden Knights on Tuesday notched yet another “first.”

In 2017 the Golden Knights became the first of the four major professional U.S. sports leagues to officially make Las Vegas

The post William Hill Becomes ‘Official Partner’ of Vegas Golden Knights, First Deal of Its Kind appeared first on SportsHandle.

The Vegas Golden Knights on Tuesday notched yet another “first.”

In 2017 the Golden Knights became the first of the four major professional U.S. sports leagues to officially make Las Vegas their home and in June, it became the NHL’s first expansion team since 1968 to reach the Stanley Cup Finals (in vastly different circumstances), ultimately falling to the Washington Capitals 4-1.

This newest first involves the newest NHL franchise joining with bookmaker William Hill US — in a “landmark, multi-year partnership” the first-ever between a professional U.S. sports team and a sportsbook.

Read more William Hill Becomes ‘Official Partner’ of Vegas Golden Knights, First Deal of Its Kind on SportsHandle.

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‘Cover City’: Week 2 NFL Recap And Week 3 Preview With Andrew Melton

The post ‘Cover City’: Week 2 NFL Recap And Week 3 Preview With Andrew Melton appeared first on SportsHandle.

Sports Handle is pleased to present Cover City: A Pro and College Football Betting Podcast, hosted by Eric Rosenthal (@ericsports). Rosenthal is a professional sports bettor who focuses on NFL and

The post ‘Cover City’: Week 2 NFL Recap And Week 3 Preview With Andrew Melton appeared first on SportsHandle.

Sports Handle is pleased to present Cover City: A Pro and College Football Betting Podcast, hosted by Eric Rosenthal (@ericsports). Rosenthal is a professional sports bettor who focuses on NFL and college football. He has wagered more than $25 million in the last nine years, getting banned from many sportsbooks along the way.

NFL Week 2 is now the books but there’s a lot to absorb from what occurred. The underdogs bit HARD with an 11-5 performance, and now Josh Gordon is a New England Patriot! On the podcast you’ll get perspective on that move on from a former Patriots linebacker.

Joining Rosenthal on Cover City to break it all down is Andrew Melton (@SnCDrew), a RotoRadar podcast host, professional gamer and motion capture athlete for EA Sports. Time codes for the episode follow below.


 
1:45 – Saints barely pull one out against the Browns and previewing their opponent for Week 3.
 
4:28 – Don’t look at the names. Why one quarterback is proving his value.
 
6:22 – Ryan Fitzpatrick hype. Is it real? Drew talks about some real life encounters with him.
 
10:57 – Bills are 17 point underdogs in Week 3. Why Drew still likes the Vikings to cover this spread.
 
14:52 – Giants embarrassment on Sunday Night. Why Eric thinks it might be time to hit the panic button.
 
17:49 – Dak Prescott could be one of the more overrated quarterbacks in the NFL.
 
21:05 – Andrew Luck is back and healthy. Drew weighs in on why he’s the total package, but why simple might be more.
 
23:55 – Eric locks in a contrarian “under” for Week 3.
 
26:06 – Josh Gordon to the New England Patriots. And a Super Bowl Champion joins the show!
 
28:30 – Matt Patricia against New England: A first-hand perspective for this weeks matchup.
 
33:55 – Team total for the Patriots this week. Drew reacts to our special guest’s comments and talks about game script.
 
39:15 – Aaron Rodgers vs. Kirk Cousins. Drew calls the Vikings one of the most overrated teams in the NFL.
 
42:55 – Was the hit from Clay Matthews roughing the passer? A vantage point from a NFL perspective.
 

 
Come back here Thursday for the full NFL Week 3 and a look at the Saturday college football slate. And follow us on Twitter at @ericports and @sports_handle
 
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The post ‘Cover City’: Week 2 NFL Recap And Week 3 Preview With Andrew Melton appeared first on SportsHandle.

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Get a Grip: The Week In Sports Betting & Sports: NJ Sports Betting Handle, Congress Coming & Much More

The post Get a Grip: The Week In Sports Betting & Sports: NJ Sports Betting Handle, Congress Coming & Much More appeared first on SportsHandle.

It’s information overload everywhere, and there’s not time enough to sleep and eat and stay fully apprised of what’s happening on this crazy blue dot of

The post Get a Grip: The Week In Sports Betting & Sports: NJ Sports Betting Handle, Congress Coming & Much More appeared first on SportsHandle.

It’s information overload everywhere, and there’s not time enough to sleep and eat and stay fully apprised of what’s happening on this crazy blue dot of ours (two out of three ain’t bad).

Here’s the weekend Sports Handle item, “Get a Grip,” recapping the week’s top stories, and rounding up key stories in sports betting, gaming, and the world of sports at large. You may have missed them, and they are worth reading.

NJ Sports Betting Revenue Exceeds (Some) Expectations And Will Rise Much Higher; Feds May Get Involved In Sports Betting, But How; Much More

A lot to get here. Off the top rope: The NJ sports betting August revenue report came in on Wednesday and the results indicated what we expected: the Garden State market is going to get large.

In a month in which four physical sportsbooks operated throughout and four more for a portion of the month; with the DraftKings Sportsbook operating digitally for most of the month and two more digital launches in the final week, the total handle reached $95.6 million and total sportsbook gross revenue was $9.18 million. The books online — the vast majority by DK — generated $2.97 million on a $21.7 million handle. In retail, the FanDuel Sportsbook at the Meadowlands Racetrack led the way with over $3 million in revenue while no other property cracked $1 million.

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‘Cover City’: NFL Week 2 Picks And Breakdown With Christian Pina

The post ‘Cover City’: NFL Week 2 Picks And Breakdown With Christian Pina appeared first on SportsHandle.

Sports Handle is pleased to present Cover City: A Pro and College Football Betting Podcast, hosted by Eric Rosenthal (@ericsports). Rosenthal is a professional sports bettor who focuses on NFL and college

The post ‘Cover City’: NFL Week 2 Picks And Breakdown With Christian Pina appeared first on SportsHandle.

Sports Handle is pleased to present Cover City: A Pro and College Football Betting Podcast, hosted by Eric Rosenthal (@ericsports). Rosenthal is a professional sports bettor who focuses on NFL and college football. He has wagered more than $25 million in the last nine years, getting banned from many sportsbooks along the way.

NFL Week 2 is Overreaction Week! Joining Rosenthal on Cover City to break it all down is Christian Pina (@ChristianPina), professional sports handicapper for Radar Sharp Edge, host of Inside Vegas and  Gambling Podcast content editor.

Time codes for the episode follow below. Enjoy.


1:40: Passing on the upcoming college football slate.

2:49: Carolina Panthers +6 at Atlanta Falcons: Disastrous red zone play-calling by the Falcons and a ridiculous Matt Ryan-Julio Jones stat. Falcons injuries and touchdown regression.

7:06: Eyeing Christian McCaffrey receiving prop bets.

7:51: Minnesota Vikings at Green Bay Packers: Line unknown, except in SuperContest. Discussing Aaron Rodgers’ uncertain status impact on Week 2.

12:06: Los Angeles Chargers -7.5 at Buffalo Bills: The Nathan Peterman era comes to an end. Joey Bosa out again.

14:48: Teaser leg of the week, making teaser bets and some principles to follow.

19:36: Eric pushes all in on Houston.

22:30: Doctor’s orders regarding Aaron Rodgers and what that means for the prop market in Green Bay.

23:35: Philadelphia Eagles -3 at Tampa Bay Buccaneers: Keep on eye on the hook here. The guys love this game, buying low and selling high.

28:30: New England Patriots PK at Jacksonville Jaguars: You don’t get rich betting against the Patriots. Rules don’t apply and Christian leans under.

30:20: All in on James White in the prop market (assuming Rex Burkhead and Sony Michel are out).

31:42: New York Giants +3 at Dallas Cowboys: Pina thinks Dallas will be an under team all year and here, too.

34:36: Pina’s play of the week: Pittsburgh -4 vs. Kansas City Chiefs.

37:20: Whipping through some other games — stay aways with Los Angeles -13 vs. Arizona and San Francisco -6 vs. Detroit; Seattle +3.5 at Chicago (looking under).

45:33: Eric’s Top 5 picks for Week 2 in the SuperContest.


Come back on Monday for the NFL Week 2 recap and a look ahead to Week 3. Follow us on Twitter at @ericsports and @ChristianPina and also at @sports_handle.

Bonus! Check out this week’s episode of  ‘The NFL Handle’: featuring Robert Walker And Matt Perrault.

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The post ‘Cover City’: NFL Week 2 Picks And Breakdown With Christian Pina appeared first on SportsHandle.

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Best Gambling And Sports Betting Scenes: ‘I’m Shocked’ In ‘Casablanca’

The post Best Gambling And Sports Betting Scenes: ‘I’m Shocked’ In ‘Casablanca’ appeared first on SportsHandle.

Time for another installment in Sports Handle’s ongoing series on The Best Best Gambling And Sports Betting ScenesThere’s a lot of high-quality movies centered on gambling, including on horse racing and poker Let It Ride and

The post Best Gambling And Sports Betting Scenes: ‘I’m Shocked’ In ‘Casablanca’ appeared first on SportsHandle.

Time for another installment in Sports Handle’s ongoing series on The Best Best Gambling And Sports Betting ScenesThere’s a lot of high-quality movies centered on gambling, including on horse racing and poker Let It Ride and Rounders). All quality gambling scenes, whether strictly sports betting or not, the focus of the film or a short aside, will be included/considered. 

We were reminded recently of this scene from the classic 1942 film Casablanca after reading U.S. Senator Sheldon Whitehouse’s written questions regarding the nomination/confirmation Brett Kavanaugh to become an Associate Justice of the United States Supreme Court.

In case you missed it, Whitehouse has grilled Kavanaugh about gambling, asking about debts, an apology in 2001 for “growing aggressive after blowing still another game of dice,” and his participation in a poker game and more.

Saying absolutely nothing about whether or not Kavanaugh has a problem (he has denied that) and the serious threat that such debts could pose to the high court and the nation… here is the “I’m shocked” scene from Casablanca. Gambling has always existed in the U.S. and always will, while occasionally a game gets shut down, as it is here by Major Heinrich Strasser (Conrad Veidt), who tasks Captain Louis Renault (Claude Reins) with sending everyone out.

Read more Best Gambling And Sports Betting Scenes: ‘I’m Shocked’ In ‘Casablanca’ on SportsHandle.

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‘The NFL Handle’: NFL Week 2 Breakdown And Week 1 Reflections, Disappointments

The post ‘The NFL Handle’: NFL Week 2 Breakdown And Week 1 Reflections, Disappointments appeared first on SportsHandle.

On The NFL Handle, Las Vegas-based sports talk voice Matt Perrault and veteran bookmaker Robert Walker of USBookmaking dive into select NFL games, line movements

The post ‘The NFL Handle’: NFL Week 2 Breakdown And Week 1 Reflections, Disappointments appeared first on SportsHandle.

On The NFL Handle, Las Vegas-based sports talk voice Matt Perrault and veteran bookmaker Robert Walker of USBookmaking dive into select NFL games, line movements and bookmaker liabilities, plus greater sports betting topics and stories that may have nothing to do with football. Walker has seen it all behind the counter and Perrault the same from behind the microphone, so they’ll have you prepared for anything.

NFL Week 2, also known as “overreaction” or “adjustments” week, has arrived. In Week 2 we’ll see an AFC Championship rematch with the Patriots -1.5 at the Jaguars, the defending Super Bowl champion Eagles -3 at the Tampa Bay Buccaneers — who just beat the Saints outright in New Orleans as a nearly 10-point dogs — and various other lines of interest. How will the Lions and Bills respond after their respective debacles?

Your comments are welcome at @sports_handle. (Link coming for iTunes listeners). Time codes for the episode follow below.


0:35: Reflections on Week 1, the excitement of the first kickoff and how the sportsbook fared.

1:35: “Automatic” plays — a viable strategy? Not all home dogs have the same bite.

7:17: Miami Dolphins +3 at New York Jets — a line that’s bounced around a bit. What should the line actually be and where might it go?

11:30: Los Angeles Chargers -7 at Buffalo Bills — typically it’s elite teams that open as 9 point favorites on the road. Bills rookie QB Josh Allen will start his first game for Buffalo, who will probably have the backing of the “pros.”

14:52: Detroit Lions +6.5 at San Francisco 49ers — both teams coming off disappointing (or extremely disappointing) performances. Line’s moved based on how bad the Lions looked. Early marriage trouble for Matt Patricia and Detroit.

21:00: Cleveland Browns +9  at New Orleans Saints —The Browns, off to their best start since 2004 (0-0-1), visit the Saints, who at least showed up offensively in their Week 1 defensive faceplant.

23:40: Arizona Cardinals +12.5 at Los Angeles Rams — Just how good are the Rams? So far they’re gobbling all the wagers.

26:53: A few words about environment and atmosphere — with a major hurricane, Florence, set to hit the East Coast.

29:10: New England Patriots -1.5 at Jacksonville Jaguars —An AFC Championship rematch.

33:25: New York Giants +3 at Dallas Cowboys — Cowboys are in trouble. Giants are the play.

35:30: Green Bay Packers at Minnesota Vikings (off the board): Aaron Rodgers, worth about 6 or 7 points, most likely will play.

38:30: Houston Texans -2 at Tennessee Titans — another quarterback injury question hangs over this AFC South contest with Marcus Mariota (elbow) not a lock to suit up.

41:00: Kansas City Chiefs -4 at Pittsburgh Steelers —  Are the Chiefs really good or the Steelers not so good? Highest total on the board in this game (52.5).

42:45: Indianapolis Colts +6 at Washington Redskins — Who’s willing to lay the six points?

42:50: Favorite play of the weekend! Or at least the most interesting and probably the biggest decision of the week. The defending Super Bowl champion Philadelphia Eagles are (just) a 3-point favorite on the road against Tampa Bay? Also looking hard at Arizona and perhaps giving the Raiders a second chance.

48:40: Bonus bookmaking question about Canelo vs. GGG Part II and discussion of “open scoring” in boxing.

Have a profitable Week 2, folks. Follow Perrault on Twitter @sportstalkmatt and Walker @robertusfsports.

Thanks for listening and see you back next week, tell a friend, sign up for our newsletter and also check out our Cover City Podcast, featuring sports bettor Eric Rosenthal.

 

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New Jersey Sports Betting Generates $9.2M Revenue on $95.6 Handle In August

The post New Jersey Sports Betting Generates $9.2M Revenue on $95.6 Handle In August appeared first on SportsHandle.

The New Jersey Division of Gaming Enforcement on Wednesday released its monthly revenue figures, reporting a total handle of $95.6 million and gross revenue of $9.18 million for the sportsbooks across the

The post New Jersey Sports Betting Generates $9.2M Revenue on $95.6 Handle In August appeared first on SportsHandle.

The New Jersey Division of Gaming Enforcement on Wednesday released its monthly revenue figures, reporting a total handle of $95.6 million and gross revenue of $9.18 million for the sportsbooks across the seven licensed NJ sportsbooks that reported on the month’s operations.  

That’s a hold or win percentage of 9.6. The August report includes for the first time dollars connected to online sports betting, which produced a total of $2.97 million on a $21.7 million handle, or an online hold (win percentage) of roughly 15 percent. The vast majority of both figures are attributable to the DraftKings Sportsbook — meaning DraftKings alone accounted for almost exactly one-third of the monthly revenue.

 

Read more of New Jersey Sports Betting Generates $9.2M Revenue on $95.6 Handle In August on SportsHandle.

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‘Cover City’: Week 1 Recap With Pro Bettor Christian Pina, Look at Week 2

The post ‘Cover City’: Week 1 Recap With Pro Bettor Christian Pina, Look at Week 2 appeared first on SportsHandle.

Sports Handle is pleased to present Cover City: A Pro and College Football Betting Podcast, hosted by Eric Rosenthal (@ericsports). Rosenthal is a professional sports bettor who

The post ‘Cover City’: Week 1 Recap With Pro Bettor Christian Pina, Look at Week 2 appeared first on SportsHandle.

Sports Handle is pleased to present Cover City: A Pro and College Football Betting Podcast, hosted by Eric Rosenthal (@ericsports). Rosenthal is a professional sports bettor who focuses on NFL and college football. He has wagered more than $25 million in the last nine years, getting banned from many sportsbooks along the way.

NFL Week 1 is now the books but there’s a lot to absorb from what occurred. We’re seeing some interesting lines compared with the Week 2 lookahead lines.

Joining Rosenthal on Cover City to break it all down is Christian Pina (@ChristianPina), professional sports handicapper for Radar Sharp Edge. Host of Inside Vegas on the Sports Gambling Podcast Network and the Gambling Podcast content editor. Lots of insightful ground to cover in this episode. Time codes for the episode follow below.


0:00: Introduction of Christian Pina, his background, move to Las Vegas and putting his money where his mouth is.

5:00: What’s happening with the spread, how to read it and considering moneyline underdogs.

9:45: Review of Saints vs. Buccaneers — the biggest upset of the week. 

12:47: Pina’s 10-3-3 rule.

13:50: Potential Best Bet for Week 2.

15:00: Review of Cowboys vs. Panthers.

19:45: Review of Patriots vs. Texans.

21:25: Review of Chiefs vs. Chargers. 

27:45: Early look at a teaser for Week 2 

32:00: Christian, who has a DFS background, offers thoughts on capitalizing on the prop market.

43:00: Closing remarks from Pina.

Come back here Thursday for the full NFL Week 2 and a look at the Saturday college football slate. And follow us on Twitter at @ericeports and @sports_handle

 

The post ‘Cover City’: Week 1 Recap With Pro Bettor Christian Pina, Look at Week 2 appeared first on SportsHandle.

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22 Go Perfect In SuperContest Week 1 As Consensus Picks Roll

The post 22 Go Perfect In SuperContest Week 1 As Consensus Picks Roll appeared first on SportsHandle.

While you may have been sleeping on the East Coast, the Los Angeles Rams let the Oakland Raiders hang around a while before racking up 23 second half points in a 33-13 beatdown. Favored

The post 22 Go Perfect In SuperContest Week 1 As Consensus Picks Roll appeared first on SportsHandle.

While you may have been sleeping on the East Coast, the Los Angeles Rams let the Oakland Raiders hang around a while before racking up 23 second half points in a 33-13 beatdown. Favored by 4 based on the static SuperContest lines (the line closed around 6), the Rams easily covered after falling behind 13-10 at halftime.

The Rams win gave roughly one-third of the pool a W, according to stats compiled by FantasySuperContest, in a Week 1 in which 22 of the record field of 3,123 Westgate Las Vegas SuperContest entries finished a perfect 5-0 and players picked up a average 2.43 points.

Here’s the against-the-spread record (and other records) for the NFL’s Week 1 (referencing non-static lines as in the SuperContest). Then we’ll get to the SuperContest selections and look closer at the results:

  • Favorites vs Underdogs (ATS): 7-8-1
  • Home vs Away (ATS): 9-6-1
  • Over/Under record: 9-7
  • Straight up underdog wins: 4
 

Read the remainder of the post 22 Go Perfect In SuperContest Week 1 As Consensus Picks Roll on SportsHandle.

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New Jersey Gets Seventh Mobile Betting Option With 888sport’s Launch

The post New Jersey Gets Seventh Mobile Betting Option With 888sport’s Launch appeared first on SportsHandle.

Add the European-based 888 brand to the red hot sports and online gambling market in New Jersey in a move further integrating sports betting with online casino gaming.

888 Holdings is based in Gibraltar and

The post New Jersey Gets Seventh Mobile Betting Option With 888sport’s Launch appeared first on SportsHandle.

Add the European-based 888 brand to the red hot sports and online gambling market in New Jersey in a move further integrating sports betting with online casino gaming.

888 Holdings is based in Gibraltar and listed on the London Stock Exchange. The company announced today (Monday) that it has set up its first 888 sport brand in the New Jersey, clearing the way for growth in other U.S. markets as they become legal.

Continue reading New Jersey Gets Seventh Mobile Betting Option With 888sport’s Launch on SportsHandle.

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Week 1 NFL Picks: Bengals Bite, Vikings’ Might And More

The post TPS Report: Week 1 NFL Picks: Bengals Bite, Vikings’ Might And More appeared first on SportsHandle.

Week 1 is among the more difficult to handicap every NFL season. From Black Monday in early January through the preseason, every team gets recast with new coaches, coordinators, players

The post TPS Report: Week 1 NFL Picks: Bengals Bite, Vikings’ Might And More appeared first on SportsHandle.

Week 1 is among the more difficult to handicap every NFL season. From Black Monday in early January through the preseason, every team gets recast with new coaches, coordinators, players come and go, schemes change, and in rare but shocking instances, the moving trucks show up overnight and your city loses the damn team entirely. The point is, year over year, every team is a different product, it’s only a matter of degree.

Since the start of the last NFL season, a lot of things have changed both in the NFL and the US sports betting world, and personally in the Smiley household. Put it all together and I wasn’t sure what would become of this column, which has been a joy of mine in some form for five years.

The NFL changes are mostly pretty standard NFL changes. A lot of things change and some remain the same, apparently now including the Atlanta Falcons’ inability to execute in the red zone.

 

For U.S. sports betting, well, everything has changed. By the end of this year, at least six new states outside Nevada will have legalized sports betting, with retail operations live, with varying level of mobile sport betting accessible. It may be years still before residents of some states have easy access to this Brave New Market  — such as the massive populations of Texas and California — but at least PASPA is gone and the door is now open.

On the personal front… I have always followed a week-to-week process of preparation for the NFL betting slate. It has been thrown into chaos recently. There are new and many responsibilities here at our growing Sports Handle, and more importantly I now have a two-week old son who in the past few days has urinated on my face more than once. Rookie mistake: I’ve learned you don’t leave a male infant’s bottom half uncovered mid-diaper change. I gave the stream a stiff-arm, closed in and let him finish against my open palm, rather than allow a soaking of the carpet or my shirt. He also requires feedings every few hours, which has cut into my sleep reservoir.  This is a Smiley boy, meaning he doesn’t miss a meal. It’s all worth it, of course, but I’m adjusting to a new life (mine and his) every day, and figuring out how to manage and maximize time.

I thought of retiring the Three-Point Stance Report (TPS) in a world where every major and minor publication now has writers making picks and offering gambling breakdowns. Some behind a paywall, others in front. What can Brett Smiley do differently? The answer I determined is just be myself, hopefully turn a few good jokes or phrases, and fall on the right side of 54 percent over the course of this season. Betting on NFL games is my main hobby, so why hang up the column? It’s why Sports Handle was born in the first place.

So the TPS Report marches on. This season we will cover the top five or six NFL games — “top” meaning the ones where I believe I can identify an edge or identify a winning wager, rather than reviewing the entire slate. Let’s get to it: The first NFL Week 1 of the post-PASPA era!


Cincinnati Bengals +2.5 at Indianapolis Colts (Total 48)

I think the Bengals are going to win outright,  but I’ll take the available 2.5 against the semi-trendy pick to bounce back and compete for the AFC South title — the Colts. It’s good to see that franchise QB Andrew Luck’s shoulder is well enough so he can play again in his first regular season game since New Year’s Day in 2017. For reference, that was three weeks before Donald Trump’s inauguration. Make of that what you will.

Luck showed some flashes of his old self in the preseason but temper your expectations about out his walk on the comeback trail. Consider these dispatches:

 

 

Capt. Luck is indeed ready but we could feel better about the Colts offense if he wasn’t playing, as ever, behind a mediocre-at-best offensive line that may be without starting left tackle Andrew Castonzo (who has struggled when healthy).

The Tiger men on are going to be bearing down on Luck, while on the other side the Colts see a new-look Bengals offense under coordinator Bill Lazor. A reset Bengals offense with improvements on their offensive line, namely additions of LT Cordy Glenn and 2018 first-rounder Billy Price (Ohio State) at center, will give Andy Dalton time to exploit a young, inexperienced defense, especially at linebacker and in the secondary.  

The pick: Bengals +2.5. 

Get the remaining picks TPS Report: Week 1 NFL Picks: Bengals Bite, Vikings’ Might And More on SportsHandle.

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Introducing ‘The NFL Handle’: An NFL Betting Podcast Featuring Robert Walker And Matt Perrault

The post Introducing ‘The NFL Handle’: An NFL Betting Podcast Featuring Robert Walker And Matt Perrault appeared first on SportsHandle.

Sports Handle is pleased to present the debut episode of The NFL Handle. This NFL betting podcast pairs together Las Vegas-based sports talk voice Matt Perrault with veteran bookmaker Robert Walker,

The post Introducing ‘The NFL Handle’: An NFL Betting Podcast Featuring Robert Walker And Matt Perrault appeared first on SportsHandle.

Sports Handle is pleased to present the debut episode of The NFL Handle. This NFL betting podcast pairs together Las Vegas-based sports talk voice Matt Perrault with veteran bookmaker Robert Walker, now of USBookmaking, formerly of Resorts World, MGM Mirage and “numerous other books that were glad to see me go,” he says on Twitter. Perrault is also host of Pushing The Odds on SB Nation Radio.

On the The NFL Handle, Perrault and Walker will dive into select NFL games, line movements and bookmaker liabilities, plus greater sports betting topics and stories that may have nothing to do with football. Walker has seen it all behind the counter and Perrault the same from behind the microphone, so they’ll have you prepared for anything.

Your comments are welcome at @sports_handle. (Link coming for iTunes listeners). Time codes for the episode follow below.



0:30: Introducing Walker and to a lesser extent, Perrault. Thoughts on a new era of sports betting in the U.S., potential federal involvement, and a welcome to the NFL season.

19:50: The NFL slate, beginning with Falcons +1 at Eagles (line has now moved to ATL -1 in some shops). On Nick Foles and the challenge of repeating as champion.

28:10: Jimmy G and the 49ers +6.5 at Vikings in Kirk Cousins’ debut in Minnesota.

32:57: Pittsburgh Steelers -4 at the Cleveland Browns of Hard Knocks.

40:30: New York Jets +6.5 at Detroit Lions (and a total that’s ticked down).

42:40: Los Angeles Rams -4 at Oakland Raiders.

49:10: Some final thoughts: Are certain games more attractive situationally? Not all home dogs are created equal.


Have a profitable Week 1, folks. Thanks for listening and see you back next week, tell a friend, sign up for our newsletter and also check out the Cover City Podcast, featuring sports bettor Eric Rosenthal.

 

Don’t be a Square: Subscribe to our once-a-week newsletter for the latest sports betting news and insights
Get the latest content first.

 

 
 
We respect your privacy.
Don’t be a Square: Subscribe to our once-a-week newsletter for the latest sports betting news and insights
Get the latest content first.

 

 
 
We respect your privacy.

The post Introducing ‘The NFL Handle’: An NFL Betting Podcast Featuring Robert Walker And Matt Perrault appeared first on SportsHandle.

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‘Cover City’: NFL Week 1 Picks, And Stories With @NotSportsCenter

The post ‘Cover City’: NFL Week 1 Picks, And Stories With @NotSportsCenter appeared first on SportsHandle.

Sports Handle is pleased to present Cover City: A Pro and College Football Betting Podcast, hosted by Eric Rosenthal (@EricSports). Rosenthal is a professional sports bettor who focuses on NFL and college football. He has wagered more

The post ‘Cover City’: NFL Week 1 Picks, And Stories With @NotSportsCenter appeared first on SportsHandle.

Sports Handle is pleased to present Cover City: A Pro and College Football Betting Podcast, hosted by Eric Rosenthal (@EricSports). Rosenthal is a professional sports bettor who focuses on NFL and college football. He has wagered more than $25 million in the last nine years, getting banned from many sportsbooks along the way.

New episodes of Cover City will be released during the NFL and college football seasons on Mondays and Thursdays. Monday shows will cover the preceding slate of games with takeaways and what to watch for going forward, with fun interviews with sports media/social figures mixed in; Thursday episodes will cover top games and picks for the upcoming college football Saturdays and NFL Sundays.

It’s NFL Week 1! The time to debate whether or not to wager on preseason games and ultimately do it, is over!  Time codes for the episode follow below. 

00:30: Interview with Will Applebee, sports bettor and lawyer-turned-@NOTSportsCenter guy.  (Also behind@JeopardySports, @SomeonesAnIdiot and more.)

04:30: Falcons at Eagles

06:30: Steelers at Browns

09:30: 49ers at Vikings

12:20: Bengals at Colts

13:30: Bills at Ravens

15:30: Jaguars at Giants

17:00: Buccaneers at Saints

18:05: Texans at Patriots

19:47: Titans at Dolphins

22:45: Storytime with Applebee: The time that Kevin McHale’s wife went off on Rockets in Twitter rant.

26:45: Chargers at Chiefs

31:45: Broncos at Seahawks

33:00: Cowboys at Panthers

35:00: Redskins at Cardinals

36:30: Another story with Applebee:  A whirlwind legal kerfuffle with ESPN.

43:20: Packers at Bears

47:45: Jets at Lions.

49:15: Rams at Raiders

52:00: USC at Stanford

53:00: Appalachian State at Charlotte.

54:30: Best Bests: Eric’s SuperContest selections.


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Breaking Down the William Hill-Eldorado Resorts US Sports Betting Partnership

The post Breaking Down the William Hill-Eldorado Resorts US Sports Betting Partnership appeared first on SportsHandle.

In a surprise announcement late Tuesday, William Hill and Eldorado Resorts jointly revealed they had reached a wide-ranging partnership agreement through which the British-controlled bookmaking giant would operate all the major regional casino

The post Breaking Down the William Hill-Eldorado Resorts US Sports Betting Partnership appeared first on SportsHandle.

In a surprise announcement late Tuesday, William Hill and Eldorado Resorts jointly revealed they had reached a wide-ranging partnership agreement through which the British-controlled bookmaking giant would operate all the major regional casino company’s sportsbook operations in the U.S., and that Eldorado would take a 20 percent stake in William Hill’s U.S. operation, as well as a minor stake in the company’s worldwide operation.

Word of the deal was first reported by the British news outlet Sky News. Soon after the Sky News report, an official statement was released to the media.

William Hill and Eldorado are calling the agreement “a nationwide partnership for digital and land-based sports betting and online gaming in the United States.” William Hill now becomes Eldorado’s exclusive partner in the provision of digital and land-based sports betting services as well as online gaming. The online gaming element to the deal is apparently a new wrinkle in William Hill’s U.S. business model, which had previously focused strictly on sports wagering.

Wide-Ranging Partnership Between William Hill and Eldorado Resorts Puts Bookmaker Into 11 States for Mobile and Retail Sports Betting

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Elite 8 College Football Sports Betting And Gambling Podcasts

The post Elite 8 College Football Sports Betting And Gambling Podcasts appeared first on SportsHandle.

The NCAA college football season is underway and you’re looking for more good sources of information and analysis to inform your bets. You’ve come to the right place as we’ve listened to hours of podcasting

The post Elite 8 College Football Sports Betting And Gambling Podcasts appeared first on SportsHandle.

The NCAA college football season is underway and you’re looking for more good sources of information and analysis to inform your bets. You’ve come to the right place as we’ve listened to hours of podcasting and prognosticating to bring you our picks for the best sports betting podcasts covering college football.

The pods run the gamut from quick listens to deep dives, from analytics to more holistic-minded approaches. Some with more jokes, others with fewer. To make some suggestions for additions, hit us up at @sports_handle. (And check out here for our list of top sports betting podcasts unspecific to a particular sport.) In no particular order or ranking:

Best College Football Sports Betting Podcasts — Analytics, Matchups And More of Various Run Times

best cfb sports betting podcasts elite 8
Tune in to improve your handicapping and bankroll.

‘The Sharp 600’

Listen on iTunes here and on Stitcher here

If you’re pressed for time, look no further than The Sharp 600. The show motto is, “Give us 10 minutes and we’ll give you the arsenal necessary to successfully navigate the sports betting market.” Sometimes they’ll run heavy to 15-18 minutes but you get the idea — it’s concise.

Brought to you by San Francisco sports radio host Covers.com analyst Joe Fortenbaugh, during football season you’ll find a pod once a week about the college football slate. Fortenbaugh provides a variety of statistics, trends and perspectives on the betting market, and will give out best bets for that week with close with quick justifications. Fortenbaugh brings in high-quality guests, which have included respected oddsmaker Chris Andrews, the sportsbook director of the South Point Hotel & Casino; also VSiN guys Joe Ostrowski and Gill Alexander, data analyst Ed Fang, pro handicappers and many more.


‘Bet the Board’

Listen on iTunes here and or at Soundcloud here.

A stark contrast from Sharp 600 timewise, Bet the Board is for folks who want to dive for serious depth and an understanding of college football matchups, personnel, coaching styles and tendencies, advanced stats, player mentalities, the betting market and beyond.  In their college football previews that ran between 90 minute and two hours, the tandem of host Todd Fuhrman and pro bettor/handicapper PayneInsider covered all the power conferences for examinations of key metrics, information and schedule analysis to inform totals and future bets. 

You can find Fuhrman on SI.com, CBS and now FOX Sports 1 on the new show “Lock It In.” During the season, they put out their college football podcasts on Wednesdays, covering exciting Top 25 clashes clashes and others games presenting value. They won’t cover every game, but select contests in greater detail. The pod is more of a college football full anal cavity with a typical run time about and hour or 1:15. Keep in mind they aren’t going to spoon feed you picks — rather, information and guidance, with picks here and there.


ESPN Chalk’s ‘Behind the Bets’

Listen on iTunes here and get the podcast archive at ESPN right here

Hosted by ESPN Chalk editor Ben Fawkes alongside fellow ESPN-ers Doug Kezirian, Chris “The Bear” Fallica, and “Stanford” Steve Coughlin, this foursome (not all at the same time) takes on the sports betting world — with a heavy focus on college football by Coughlin and Fallica. (BTB also covers an array of events and sports wagering topics.)

Stanford Steve appears on Scott Van Pelt’s “Bad Beats” segment and writes a weekly picks column during the college football season for Chalk. And you’ve seen The Bear on College Gameday on TV or perhaps in person. Put simply, these college football gurus are plugged into everything happening in the college game — from X’s and O’s, depth charts, coaching changes, team tendencies and more. They’re well-versed and have good chemistry, typically breaking down games involving teams in the power conferences — the SEC, PAC 12, ACC, Big 12 and Big 10. And from an information standpoint, they also have ESPN’s lineup of dedicated power conference reporters at their disposal.

Get the complete Elite 8 College Football Sports Betting And Gambling Podcasts on SportsHandle.

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FanDuel Sportsbook And William Hill Mobile Apps Soft Launch in NJ

Both FanDuel and William Hill debuted their online sportsbooks this past weekend in soft launch phases as the NFL regular season kickoff nears on Thursday, Sept. 6. These trial launches came after the companies received authorization to run a five-day testing period by the New Jersey Division of Gaming Enforcement, according to

Both FanDuel and William Hill debuted their online sportsbooks this past weekend in soft launch phases as the NFL regular season kickoff nears on Thursday, Sept. 6. These trial launches came after the companies received authorization to run a five-day testing period by the New Jersey Division of Gaming Enforcement, according to the Associated Press.

During the trial phase, Sports Handle was able to deposit and observe the FanDuel Sportsbook web platform, but was unable to download the mobile app. The William Hill mobile/online sportsbook is currently operating only on Android for now and was not available for download during a period of “restricted opening hours.”

The post FanDuel Sportsbook And William Hill Mobile Apps Soft Launch in NJ appeared first on SportsHandle.

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MGM Drops Mobile Sportsbook In New Jersey With Borgata’s PlayMGM App

On Wednesday after two-plus weeks of waiting, the MGM-owned Borgata’s playMGM app will give company to the DraftKings Sportsbook, which had fully launched on August 6 and remained the only online sports betting app available in New Jersey.

But wait no more: the playMGM app is available now to

On Wednesday after two-plus weeks of waiting, the MGM-owned Borgata’s playMGM app will give company to the DraftKings Sportsbook, which had fully launched on August 6 and remained the only online sports betting app available in New Jersey.

But wait no more: the playMGM app is available now to New Jersey-based Android users. “The playMGM NJ Sports app is being initially soft-launched on the Android platform, with an iOS version due to launch imminently,” said MGM Resorts International in a statement coinciding with the app’s release. “Through our partnership with GVC Holdings, our mobile betting operations in New Jersey will be delivered on a best-in-class mobile platform that positions us as a leader in technology, accessibility and sports betting expertise” added Scott Butera, MGM Resorts International President of Interactive Gaming.

After zipping around the platform a bit from here in New Jersey, what follows is some initial impressions, notes on what you can bet and some odds and ends.

MGM’s New Jersey Online Sportsbook Available Through Borgata’s and playMGM App Ahead of Football Season

mgm online betting app nj legal sportsbooks


So what can patrons wager on? A lot.

There’s straight bets, futures, props, and parlays all available. The professional (NFL) and college football menus are queued up with a wide variety of different player and team props, futures and totals, such as:

  • Most regular season losses by any NFL team: o/u 13 (-110)
  • Deshaun Watson regular season touchdown passes o/u 26.5 (-110)
  • Kareem Hunt regular season rushing yards o/u 1099.5 (-110)
  • Regular season points by Philadelphia Eagles o/u 404.5 (-110)
  • Will the Texans make the playoffs?  Yes -130, No +110
  • Which two teams will make the Super Bowl? For example, Steelers/Saints is 50-1
  • Will Grier (West Virginia) regular season passing touchdowns: o/u 35.5 (-110)
  • Regular season wins by Nebraska 6.5 (o/EV, u -120)

What can’t folks wager on for now?  So far I did not find live or in-play wagering options on playMGM. It’s possible I’m missing them or they simply may not have been introduced yet. 

To read the rest of this article please visit SportsHandle using the link below:

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19 Things We Hate About Sports Betting

The post 19 Things We Hate About Sports Betting appeared first on SportsHandle.

Sports betting is awesome. We have literally devoted our work lives here to covering it from all angles, and most of us are sports bettors ourselves, which makes the job a labor of love. But sports wagering

The post 19 Things We Hate About Sports Betting appeared first on SportsHandle.

Sports betting is awesome. We have literally devoted our work lives here to covering it from all angles, and most of us are sports bettors ourselves, which makes the job a labor of love. But sports wagering as a form of entertainment is not always rainbows and unicorns.

On a good game day when everything is going your way, it feels like you’re on top of the world and you can make no wrong wager. But the house usually wins over the long haul for a reason (vigorish!) as seasons bring winning and losing streaks.

A survey of friends of Sports Handle, plus our own experiences, produced this rundown of the frustrating side of sports betting — from chasing and other questionable decisions, to bad officiating, not getting paid, the “kiss of death” and much more. Mind you some of these items are self-inflicted wounds, but can be difficult to avoid. Have an addition? Hit us up at or send it to info@sportshandle.com if the suggestion was inspired by an experience so traumatizing you want to share it anonymously.

Bad Beats, Bad Coaching, Bad Decisions and Injuries: Sports Betting is Beautiful But Sometimes It Isn’t


(1) Too much of a good thing — Between single game wagers, (multiple) fantasy teams, picks in pools, perhaps a parlay or teasers, sometimes people simply have too much action or too many competing interests. The result is a scenario where you’re essentially rooting for and against everything simultaneously, producing an ambivalent afternoon on the couch, seeking a “magic bullet” or threading of the needle. This may makes you question the purpose of what you’re doing and ultimately life itself.

To see the rest of the list, visit 19 Things We Hate About Sports Betting on SportsHandle.
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Live Betting on The NFL: Insights From Kambi’s Head of In-Play Betting

The post Live Betting on The NFL And Football — Insights From Kambi’s Head of In-Play Betting appeared first on SportsHandle.

Previously in an interview with veteran bettor Wes Reynolds, we examined live betting (aka in-game or in-play wagering) from the player’s perspective. In this article, we pull back

The post Live Betting on The NFL And Football — Insights From Kambi’s Head of In-Play Betting appeared first on SportsHandle.

Previously in an interview with veteran bettor Wes Reynolds, we examined live betting (aka in-game or in-play wagering) from the player’s perspective. In this article, we pull back the curtain on live betting from the operator side — in a conversation with Simon Noy, the head of live betting for Kambi Group, which has partnered with DraftKings as the latter’s sports betting technology/product supplier. 

In this exchange with Noy conducted over e-mail, we focus on NFL betting and football betting. In Europe, where Kambi is based, the popularity of in-game wagering is already enormous and will only continue to grow in the U.S.  What can bettors expect not only at the DraftKings Sportsbook — which launched for New Jersey sports bettors on August 6 — but at most sportsbooks as in-game offerings continue to expand?

Put simply, the availability of betting options will only be limited by imagination, bettor appetite, and the ability of oddsmakers/suppliers to hang sensible numbers.  (Note: This interview has been lightly edited for brevity and clarity.)

Live Betting on NFL and Football In General — Lines, Props, Keeping Blowouts Interesting and What You Can Expect

live betting tips strategy insights


Sports Handle (SH): For football, what types of events or outcomes draw the greatest number of wagers, in terms of total tickets and handle?

Simon Noy (SN): Very much as you’d expect: spreads, money lines, and totals – both in terms of tickets and handle. After that it’s about player props. For some time, the emerging trend has been to follow players, not teams, and we see the effect of this in betting behavior too.

With this in mind our expert trading team is always trying to devise and price up the most interesting markets per player – a quarterback to make at least three touchdown passes, or total passing yards over 300, or even offering in-game options like next touchdown scorer or our total points per player markets in the NBA.

SH: Are the majority of in-play wagers coming in on an adjusted moneyline or spread for the game’s outcome? Or 1Q, 3Q scoring? Team totals? Player props?

SN: Player props are popular among bettors and we only see them becoming even more so. The other important trend over the years from an in-game perspective is wagers on markets with shorter time frames, such as quarter, inning, etc. This is a really exciting way to bet, plus with so many games being played simultaneously, some users dip in and out of games and prefer to wager on the intervals they are watching in-game.

Taking this further, our offer of ‘instant markets’ is also proving very popular, with their super quick pay outs and enabling the player to bet throughout the game even if the game is one-sided. For instance, the outcome of next drive in NFL, will a golfer hit the green, or will the next batter get a base hit in MLB — players can bet on these markets until the final play or pitch even when the game is essentially won.

SH: Your team obviously doesn’t have much time to compute lines and then get the board down in time. Are the lines coming purely from an algorithm or from humans or some combination? What happens when an offense goes into hurry-up mode?

SN: Absolutely, we have a high degree of modeling and automation but we have also invested consistently over the years in building up a highly-skilled group of traders – we’re talking a trading team close to 300 sports fans here – so we definitely believe best results are achieved only with a combination of the two.

There will always be something yet to be modeled or automated, and that’s where the human touch can make a difference. In your example of the hurry-up mode, the human trader who will have in-depth knowledge of the players and teams involved will have an informed opinion on what plays will likely unfold next, enabling them to adjust their inputs and thus odds accordingly, thereby keeping markets open to bet. A sportsbook without this expertise will likely suspend their markets – that’s not the kind of UX which will keep players happy.

live betting nfl lines

SH: Has an influx of available data given bettors more advantage in recent years? Have the books benefited in the same way to nullify any edge?

SN: The increased availability of data has been great for the both the industry and for the players, particularly from a product perspective. We are able to compute more accurate and timely probabilities enabling us to expand our offering to include more relevant and interesting bets. I wouldn’t say the data has given bettors more of an advantage, but it’s certainly closed the knowledge gap between bookmaker and player – bettors are more informed than they’ve ever been.   

[Also See: The Marriage of Sports Betting, Analytics And Novice Bettors]

SH: Do you notice that some players are targeting or exploiting certain events in NFL games? Do some players simply hammer in-game wagers throughout the course of a game?

SN: I wouldn’t say anyone exploits a market – the line or price would move quite quickly if we felt someone had an edge on us. What we do have are players who enjoy particular markets because they find them entertaining, which was reflected in the handle we saw for ‘Outcome of Drive’ props in the Super Bowl.

Similarly, in tennis, players enjoy betting on each point as the match progresses, wagering smaller amounts. In that example it’s similar to someone placing a few dollars on the spin of a roulette wheel each time – it delivers a quick thrill with the next opportunity just seconds away, but also they have an angle based on their opinion of the players in that moment.

SH: Amongst NFL bettors, have you observed much appetite for betting on the outcome of every single play?

SN: For the Super Bowl we rolled out a new market, ‘Outcome of Drive’ where the users were able to wager on what would be the outcome of each drive as it unfolded and there was plenty of appetite for this, so we will be offering it on more events in the new football season. We are always pushing to innovate and add something new, and like a lot of our product this offer was totally unique when compared to other B2B providers.

Overall, the majority of wagers are on the main offers – so another element we focus on is to ensure that these core markets are available and remain attractive for as long as possible during a game. When I say attractive, I mean we ensure the lines and prices offered reflect the current situation of the match. For instance, if the total points line of a basketball match is 200 but we have 180 on the board after the third quarter, simply offering a short price on 200 is no fun. We update the lines offered throughout the game to ensure bettors can still get an even wager on each side. This might sound simple, but if you look around the market you won’t see many updating their lines in-play.  

SH: What’s the typical hold for a sportsbook on in-game wagers?

SN: The hold is typically smaller on in-game than pre-game because the naturally quicker nature of in-game lends itself to less parlays and more singles, while in-game markets can be much harder to price, with traders and algorithms reacting in seconds to the conditions of play. We can’t go into too much detail on our operator’s results as these are not public figures – but our years of experience offering markets on US sports and leagues means we are confident in our pricing even when offering the niche markets and situations we’ve been explaining here.

SH: Do you think in-play betting eventually surpasses pre-game straight wagers or props by overall volume?

SN: Certainly. It has already happened in most regulated markets and there’s no reason the US won’t follow suit very soon. In-game can offer an exciting product that pays out 24/7 and we are sure this will appeal to the US player once they get used to the wider offering and wonderful sports on offer.

For this to happen, quality of the product will be key: not just in terms of the number of relevant and exciting markets, but how those markets are presented and are they always priced up and available to bet on throughout the game. This is something we’ve been working hard on at Kambi – offering maximum availability even at the most crucial and exciting moments in the game.    

SH: What’s some advice for novice bettors when looking at betting menu?

SN: Take your time, start with small stakes, ensure you understand the rules of the markets you bet on.

The post Live Betting on The NFL And Football — Insights From Kambi’s Head of In-Play Betting appeared first on SportsHandle.

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FanDuel Group Receives License For West Virginia Sports Betting

The post FanDuel Group Receives License For West Virginia Sports Betting appeared first on SportsHandle.

The FanDuel Group has moved closer to opening up a sportsbook in a second state, as its management services provider interim license was granted on Friday by the West Virginia Lottery Commission, managing general counsel Danielle

The post FanDuel Group Receives License For West Virginia Sports Betting appeared first on SportsHandle.

The FanDuel Group has moved closer to opening up a sportsbook in a second state, as its management services provider interim license was granted on Friday by the West Virginia Lottery Commission, managing general counsel Danielle Boyd told Sports Handle.

In late June, FanDuel CEO Matt King announced a partnership between FanDuel and The Greenbrier Resort in Sulphur Springs, W.Va., which will have the DFS-turned-sports betting operator install a FanDuel Sportsbook at the resort.

The Greenbrier itself has not yet received its operator license, though. The Lottery Commission advised all five of its eligible licensees to submit a letter requesting the operator license with a $100,000 licensure fee, but so far The Hollywood Casino is the only one to have done so, receiving its operator license on Friday and becoming the first casino to claim one, Boyd confirmed.

FanDuel Sportsbook On Track For WV Sports Betting as William Hill And Penn National Gaming Teaming Up There, Too.

wv sports betting fanduel greenbrier fanduel sportsbook
At The Greenbrier Resort’s Casino Club.

Earlier this week we learned that the Hollywood Casino in Charles Town, W.Va. would become the first casino in the state to offer sports wagering.

“We had hoped everyone would launch at the same time and everyone would be up at the beginning of football season,” Boyd said in a Monday appearance on MetroNews’ “Sportsline” program, per MetroNews. “As we move forward, it appears that we’re going to have sort of a phased launch and it’s going to be a tiered approach. We’re just really excited to see that Charles Town will be ready to launch by Sept. 1.”

How long until Greenbrier’s FanDuel Sportsbook cuts a ribbon will debut is guesswork at this point, but certainly the property has to get its operator license first, which should shouldn’t take too much longer than it takes to write a $100,000 check.

FanDuel, now owned by Ireland-based bookmaker Paddy Power Betfair, began cutting its sports betting teeth at the Meadowlands Racetrack in northern New Jersey in mid-July. The sportsbook has not yet released a mobile app or web-based betting platform in New Jersey, while its rival and one-time merger partner DraftKings launched the first New Jersey mobile sportsbook on Monday, beating a host of others to the punch.

As in New Jersey, when the FanDuel sportsbook does go mobile in West Virginia, patrons will have the ability to register and deposit into accounts remotely, so long as they’re inside the state’s borders.

 

William Hill and Penn National Gaming.

Last Friday, bookmaker William Hill announced a big-time entry into Mississippi, while also teasing a partnership in West Virginia plus a much greater one that would put it all over the U.S. map.

While neither William Hill or the Wyomissing, Penn.-based Penn National Gaming (PNG) has yet confirmed a partnership to have William Hill running the sportsbook at the Hollywood Casino in Charles Town, multiple sources have indicated it’s a deal.

“We are now the early market leader in New Jersey where our mobile app will launch within weeks and we expect to be a market leader in Mississippi with these 11 casino agreements,” said William Hill CEO Philip Bowcock. “The team continues to engage in discussions that cover a further 14 states and they are doing a tremendous job.”

In light of the deal in West Virginia and Bowcock’s remarks, the most logical way to get to 14 is via PNG, which is in the process of acquiring Pinnacle Entertainment Inc., which adds Iowa, Louisiana and Colorado to PNG’s map.

The post FanDuel Group Receives License For West Virginia Sports Betting appeared first on SportsHandle.

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Legal Sports Betting In The U.S.: The British are Coming! The British are Coming!

The post Legal Sports Betting In The U.S.: The British are Coming! The British are Coming! appeared first on SportsHandle.

Historians now say Paul Revere never said it, but currently, at least in the world of expanded legal sports betting, it’s certainly true. But, just why are British-controlled betting companies

The post Legal Sports Betting In The U.S.: The British are Coming! The British are Coming! appeared first on SportsHandle.

Historians now say Paul Revere never said it, but currently, at least in the world of expanded legal sports betting, it’s certainly true. But, just why are British-controlled betting companies making their presence so widely felt in the new U.S. sports betting marketplace?

According to insiders and industry observers speaking to Sports Handle on the condition of anonymity, U.S. gambling companies lacked the experience or the personnel to handle what will be a huge undertaking. Even the largest U.S. casinos operators, despite the general feeling that PAPSA, the law limiting sports betting largely to Nevada, would be ruled unconstitutional, seem to have been caught somewhat off guard by the U.S. Supreme Court decision in the New Jersey-led Murphy v NCAA.

Unlike this country, where bookmaking was regarded as shadow and largely illegal activity, in Britain and most of Europe, sports betting and bookmaking remain part of the societal fabric. It may take years for bookmaking, even as it becomes legal in state after state, to lose some of the social stigma associated with it.

The New Era of Legal Sports Betting: Las Vegas Is 10 Years Behind, Opening Pathway For British Operators

legal betting sites us british operators

As one industry insider told me, “How many people in the U.S. have trained for this career path? Anyone with bookmaking knowledge works for an illegal offshore, outside of that you have Vegas properties that are 10 years behind versus Europe.”

He also noted that “in-play” betting in the U.S. (often called “trading” in Europe), regarded as the major growth area of sports wagering, lags significantly behind Europe where trading floors operate as nerve centers at every bookmaking operation.

Only William Hill, the British-controlled bookmaker appeared ready to spring into action when the PAPSA decision came down in early May. However, William Hill, under the able and farsighted leadership of Joe Asher, is not a casino company in the U.S.  In Nevada and now in other jurisdictions, its business model generally calls for leasing casino space, remodeling the facility, sharing a portion of the profit and little of the risk with its landlord.

For this reason, the company was able to quickly move into Delaware where it already had the legal parlay card franchise through that state’s lottery, via its partnership with Scientific Games. In New Jersey, the company developed a close relationship with Monmouth Park, the thoroughbred track that bore all the expense and did all the heavy lifting that resulted in the PAPSA ruling. William Hill is also now operating in Atlantic City at the Ocean Resort Casino.

It seems the large U.S. casino titans readily gave lip service to the concept of being ready for sports betting. However, after the May ruling they apparently were forced to scramble to get their sports betting operations going. That resulted in new market entrants in non-Nevada states seeking out European groups to access proven wagering platforms, experienced computer programmers, and even some executives to manage the operation.

In new sports betting states that now have legal, real-money online casino games and online sports betting such as New Jersey, the casino giants were already using European-controlled companies’ software to operate online, so it made sense to further expand these kinds of relationships to include sports betting. The major casino companies remain on a mission to aggregate all of their customers’ betting activity, that now includes or will include sports betting, onto one online platform for advanced player tracking and subsequent marketing.

This is at the core of this new “British Invasion.”

The betting platforms currently used in Nevada apparently were unable to fill the needs of the major gaming companies, so they were compelled to look abroad.

Euro Operators Ready

paddy power betfair fanduel group merger and will combines us sports betting operations

As another industry insider explained, “The Euro operators are offering a turnkey sportsbook solution – platform, data, risk. The US brick-and-mortar locations – be it casinos or racetracks – have limited expertise in sports betting, such that a turn key solution is attractive to them. Many are signing short term deals though, or deals with an out clause, such that as they gain experience, they can add their own layers of risk management, data, personalization, etc.”  

He continued, “The Euro guys are ready whereas some of the home grown guys are not, with exception of William Hill.” He also relayed that Scientific Games (Las Vegas-based but with a major European presence) is still working on their U.S. version of their Open Bet” platform. IGT (now headquartered in London instead of Reno) still has programming issues. “So by process of elimination, the Euro guys are winning a chunk of the business,” he said.

Sharing the sports betting risk for the U.S. casino giants may also be a major issue prompting them to join forces with the experienced now deep-pocketed European counterparts. The spate of mergers by British-controlled bookmakers such as Ladbrokes with Coral and GVC with Paddy Power and BetFair among others, have made these bookmaking entities stronger than ever before. This strength has allowed them to swoop in to quickly compete with William Hill, the company that did not consolidate with another firm, even though William Hill has had a U.S. operation far longer than anyone else.

Although many projections pegged the U.S. sports betting market in be in the many billions of dollars and perhaps the world’s largest in five to 10 years, many of the large U.S. casino companies may not have taken these figures seriously. Apparently, now they do and are moving swiftly to access the profits that may be available.

To do this, for most, means taking in an experienced partner, so expect the “British Invasion” to continue as more states open legal sports betting markets.

The British are already here.

[Also See: William Hill Penetrates Mississippi Sports Betting, Teases Much More]

The post Legal Sports Betting In The U.S.: The British are Coming! The British are Coming! appeared first on SportsHandle.

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DraftKings Sportsbook Fully Launches

The post DraftKings Sportsbook Fully Launches: What’s Up And What You’ll See appeared first on SportsHandle.

The DraftKings Sportsbook soft launch period is over and is now open to all players in New Jersey, the company announced on Monday. On Wednesday, August 1, the DFS-turned-sportsbook operator’s mobile sports betting app/web

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The DraftKings Sportsbook soft launch period is over and is now open to all players in New Jersey, the company announced on Monday. On Wednesday, August 1, the DFS-turned-sportsbook operator’s mobile sports betting app/web platform went live on an invite-only basis, the first such app available amongst the New Jersey sports betting licensees.

“I am excited to begin this new chapter in our story by officially launching what I believe to be the most innovative, mobile sports betting product in the U.S.,” said Jason Robins, CEO and co-founder of DraftKings. “We have put immense thought and significant resources behind the development of DraftKings Sportsbook and I’m confident that sports fans in New Jersey will enjoy using it to make the experience of watching the games even more interesting and thrilling.”

The initial launch period was met with some positive reviews — mostly of the technology — and some negativity, mostly of its pricing. Going forward, there’s room for upgrades on both fronts.

DraftKings Sportsbook Goes Live to Masses After Becoming First NJ Online Sportsbook to Launch Last Week; A Look What You’ll See & Some Notes

On its hours-old Twitter handle @DKSportsbook, the company was quick to notify people that you don’t have to be among the 9 million New Jersey residents to use the book (or roughly 6.75 million ages 21 and up):

 

The soft launch period served to allow testing of its product and servers, flagging and ironing of glitches, and we presume collect some data on its initial user cohort.

During an opportunity to play around and wager on Friday and Saturday, we made some observations:

 


Those taking their first spin today will find a variety of props on baseball (below), and those throughout the country not yet able to check it out will eventually find the same options:

  • Total runs odd/even
  • Pre-made parlays, such as: “home team and over”
  • Team with the highest scoring inning
  • Last team to score
  • Team totals (runs scored)
  • Result of first inning (one or the other team will score or tie)

And the ability to bet on a wide variety of sports/events, including ATP-Rogers Cup, PGA Championship, Rugby Union, motorsports (Belgian GP), darts, cricket, and NCAA football futures, such as conference winner.

One not-yet-mentioned feature I like is that inputting bets both on mobile and desktop is pretty seamless: You put the bet in and hit “Place Bet.” You don’t have to re-enter your password or anything, which in the case of live-betting or halftime/quarter betting, can result in missing the window.

draftkings sportsbook review

The main drawback? The prices/juice is for the most part higher than at Las Vegas sportsbooks and offshores offer.

Critics have been loud on this front, but the reality is — there is a cost of doing business and playing in legal, regulated markets. DraftKings and the other legal NJ sportsbooks will have to pay 13 percent of gross revenues to the state of New Jersey.  And this is why Pennsylvania absolutely must reconsider the ludicrous fees ($10 million just to get a license) and taxes (36 percent) imposed by its sports betting legislation. 

Compared with zero percent in offshore markets. That money must come from somewhere. The Las Vegas books today mostly have 10, 15 or in some cases 20-cent money lines for baseball. On the DK sportsbook, they range between 15 and 30 cents.

Online Competition Coming

 

None of MGM, Caesars or William Hill is yet live with their mobile/web offerings in New Jersey. Expect those soon, as well as from the other NJ sportsbooks launching in retail soon, which is a priority for most.

How did DraftKings get to market first? They’ve been gunning for this opportunity for a while, and they also didn’t have to worry about the task of setting up retail operations. In NJ that task falls to Resorts Casino, whose license DraftKings is operating under.

On the technology and risk-management front, DraftKings has the Malta-headquarted Kambi Group providing risk-management and technology services behind the scenes.

Which brings to the target demographic: DraftKings is catering to the recreational bettor, probably many of whom haven’t used a sportsbook before and have only bet against a friend. People ticked off about inferior lines? They can play at the same places you have been. DraftKings offers certain conveniences such as simple debit card deposits and, depending where you’ve played, better consumer protections. 

When the local competition arrives for DraftKings, we could see their lines tighten. One of the interesting things we’ll have to watch going forward is how lines differ among the same operators in different jurisdictions. For example, what will Caesars be hanging in Las Vegas (6.75 percent tax rate) versus New Jersey (13 percent) versus a state that establishes, for example, a 10 percent rate? And then compare that with offshore.

Good luck outrunning higher juice, but this is the beauty of having choices.

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Get a Grip: The Week in Sports Betting & Sports: MGM, NBA, FD, DK, MS, WH, Boyd, Abbreviations!

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It’s information overload everywhere, and there’s not time enough to sleep and eat and stay fully apprised of what’s happening on this crazy blue dot of ours

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It’s information overload everywhere, and there’s not time enough to sleep and eat and stay fully apprised of what’s happening on this crazy blue dot of ours (two out of three ain’t bad).

Here’s the weekend Sports Handle item, “Get a Grip,” rounding up top stories in sports betting and gaming, and the world of sports at large. You may have missed them, and they are worth reading.

Mississippi Sports Betting Officially Launches at MGM Properties; Historic MGM-NBA Deal; Lots of Other Deals and Abbreviations; William Hill Sportsbook Footprint to Grow and Weekend Reads.

This past week brought a steady pour of news and happenings, which we will attempt fully but succinctly recap here (certain to miss a few items).

Let’s begin at the beginning of the week: MGM Resorts International (MGM) kicked things off by announcing that its sportsbook at the Beau Rivage Casino in Biloxi, Miss. and Gold Strike in Tunica, Miss. would be off and running on Wednesday, marking the beginning of legal sports betting in Mississippi. Some more about the events and a couple images:

 

For more on the Magnolia State, read about the atmosphere and strategy at other Mississippi properties in interviews with the sportsbooks managers at the Horseshoe Tunica and the Golden Nugget Biloxi.

A good segue to William Hill’s Friday announcement that it has deals (pending regulatory approval) that will take its sportsbooks into 11 of the other Mississippi casino properties. The company has also partnered with one yet-to-be-named West Virginia casino and teased a larger partnership that would put it into 14 more states.

Now back to MGM for the news on Tuesday of its partnership with the National Basketball Association. Yes the NBA has an “official gaming partner.” It’s a rumored 3-year, $25 million deal that will have some flexibility, but at the outset, will allow MGM to use the league’s “official” data for its sports betting products/materials. MGM will also have use of the leagues’ trademarks for odds boards, signage, marketing materials… really this is more of a marketing arrangement.

Considering how much it costs buy naming rights for a stadium and how many casual bettors might be piqued by or attracted to the “official” status, that doesn’t seem a bad use of $25 million on a 3-year commitment. Some in the industry are displeased because the deal might legitimize the NBA and other leagues’ position that sportsbooks should use only “official” league data to grade wagers; yet, courts have held that sports scores and stats are public domain information and therefore not protectable.

Further on MGM — this week it announced a deal with regional casino operator Boyd Gaming. And now Boyd Gaming has a deal with FanDuel Group — with an eye toward establishing an online sports betting presence.

Back into the Northeast Corridor, DraftKings launched the first legal mobile sports betting app outside Nevada, with the app’s limited release (so far) in New Jersey. Here’s a first look at the nuts and bolts, here’s some background, and here’s some more discussion/review about its functionality as observed post-launch.

Some of its pricing? Not so good. CEO Jason Robins took to Twitter to defend the prices with a spreadsheet, then backed away and deleted the tweet.

Only in a week like this could another Atlantic City sportsbook opening get almost completely lost. But hats off to you, Harrah’s Atlantic City, now open for business after another Caesars Entertainment property in AC began taking wagers (Bally’s). (Read about Caesars Q2 earnings here.) (And MGM’s here while we’re at it.)

There was also a minor development in Pennsylvania, where sports betting things will remain in park until a new set of regulations surface around mid-August: Parx Casino outside Philadelphia will use GAN for its sports betting software/tech when the time comes.

Let’s dive into the remainder of the article with word from the pro leagues. NHL commissioner Gary Bettman, echoing MLB commissioner Rob Manfred’s position that sports betting companies are “free riders”:

“From our standpoint, we believe that that whether it’s our intellectual property or data, whether it’s video of our game, we have important assets,” Bettman said. “And if somebody is going to avail themselves or want to avail themselves of those assets in order to conduct their business, then we’re going to need to have a negotiation.”

There’s a big difference between video and numbers.

And finally, while the NBA appears to have softened its pursuit of the “betting right” and/or “integrity fee,” MLB lobbyists/officials are still pounding away, this past week at the National Conference of State Legislatures (NCSL)

“What we’re asking for, MLB and the other leagues, is a very small fraction” of money, Bryan Seeley, a senior vice president of Major League Baseball, told legislators at a forum on sports betting at the (NCSL) annual meeting. “We’re not looking to take money away from state tax revenues.”

Not looking — but willing! And as we know, fractions and specificity matters. Not surprisingly, the state legislators want states making decisions over sports wagering laws, not Congress, which is where MLB may bring its appeal.

The weekend reading and other most interesting and important articles in gaming, sports betting and sports.

cbs sports sports betting

CONVERSATIONS: Penn National Gaming pursuing deals with sports leagues [LV-RJ]

INTERPRETATION:  Colorado AG says state can legalize betting without amending constitution [Post]

MAYBE: Will New Hampshire bet on sports betting? [Fosters]

RATINGS: CBS sees ‘unbelievable upside’ as sports betting starts to grow [Bloomberg]

LET’S HOPE NOT: Why we won’t soon see a federal sports betting bill [JD Supra]

POSTURING: Q&A: NBA details its role in sports betting, ‘integrity fees’ & more [Action]

REVERSALS: Column: Bookies go from pariahs to partners in NBA deal [AP]

ALIGNMENT: Stars Group entering U.S. sports betting market with Resorts in A.C. [Newswire]

JOBS: Job fairs and opportunities at WV’s Wheeling Island Hotel-Racino [Intelligencer]

SOLD: Genius acquired by private equity firm Apax Partners [Bloomberg]


Elsewhere in the World of Sports:

BOLD MOVE: ‘Dodgeball’ director on how ‘The Ocho’ joke wrote itself [ESPN]

ALSO A BOLD MOVE: Illinois man charged after allegedly impersonating Wisconsin bar employee so he could watch Arizona basketball on Pac-12 Networks [Awful Announcing]

NO, REALLY: The Browns are the most interesting 0-16 team in NFL history [Ringer]

ESPORTS: Fortnite private coaching lessons for the opportunistic gamer [TBL]

HEALTH: Brian Dawkins reveals his career-long battle with depression [NBC Sports]

GET READY: Evan Silva breaks down every NFL team from a fantasy perspective [RotoWorld]


Tweets of Note (that may have nothing to do with sports):

 

 

 

 

 

 

 

 

 

 


ICYMI at Sports Handle:

What’s Up With DraftKings Sportsbook’s Very Juicy Mobile App Launch In New Jersey?

Money Troubles Drive Illinois Rep to Schedule Two Sports Betting Hearings

Meet @Berryhorse29, A Compelling New Voice in Sports Betting Modeling And Information

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William Hill Penetrates Mississippi Sports Betting, Teases Much More

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In a week of too much news to digest, William Hill US announced on Friday that it has signed partnership agreements with 11 Mississippi casinos for sports betting risk-management and technology services, with deals

The post William Hill Penetrates Mississippi Sports Betting, Teases Much More appeared first on SportsHandle.

In a week of too much news to digest, William Hill US announced on Friday that it has signed partnership agreements with 11 Mississippi casinos for sports betting risk-management and technology services, with deals in the works in West Virginia and another that “would cover a further 14 US states.”

From the release:

Subject to regulatory approvals, William Hill will provide sports betting risk management services and its proprietary technology for both retail and on-premises mobile sports betting to the following casinos: Hard Rock Casino Hotel & Casino Biloxi, Island View Casino Resort (Gulfport), Palace Casino (Biloxi), Treasure Bay Casino (Biloxi) and WaterView Casino (Vicksburg), in addition to six other casinos in Mississippi. All properties are expected to be live by the end of August pending granting of licenses.

In a week thoroughly dominated by news by MGM Resorts International (NBA marketing/data deal, partnerships with Boyd Gaming and GVC), by DraftKings (in New Jersey, it launched the first legal mobile sports betting app outside Nevada), and more shaking and baking by FanDuel (deal with Boyd Gaming), this is a substantial development in the rapid grab for market share in the expanding legal U.S. sports betting market.

Legal Sports Betting States: William Hill US Penetrates Mississippi Deep With A Vastly Expanded Footprint Apparently In The Works.

 


(And also, MGM’s Beau Rivage (Biloxi) and Gold Strike (Tunica) debuted the first Mississippi sportsbooks on Wednesday, August 2.)

William Hill hit the ground running in the post-PASPA world on June 7 as the Delaware Lottery’s sports betting partner via its agreement with Scientific Games. Three racinos took wagers and registered a $330,000 handle on Day 1 with just baseball and some World Cup on the menu.

Then on June 14, the William Hill Race & Sports Book opened at Monmouth Park in Oceanport took the first New Jersey sports bets, about 30 minutes before the MGM’s Borgata did so in Atlantic City. William Hill is also now operating the sportsbook at the Ocean Resort (formerly Revel), which opened on June 28.

“We are now the early market leader in New Jersey where our mobile app will launch within weeks and we expect to be market leader in Mississippi with these eleven casino agreements,” said William Hill CEO Philip Bowcock. “The team continue to engage in discussions that cover a further fourteen states and they are doing a tremendous job.”

The company currently operates about 105 sportsbooks locations throughout Nevada. More from Friday’s news release:

In West Virginia, William Hill will provide retail and mobile/online sports betting to a soon-to-be-announced casino partner. William Hill US is also in advanced discussions with operators about deals that cover casinos in a further fourteen states in the US about similar sports betting agreements

The deals further expand William Hill’s US presence, which already includes sports betting operations in Nevada, Delaware and New Jersey and a race book in Iowa.  William Hill has also combined forces with IGT for the Rhode Island Lottery Sports Betting RFP.  If IGT is awarded the contract, William Hill will supply its operational expertise, risk management, and trading data to support the operation of sports betting in the state. 

Previously in West Virginia, the Greenbrier Resort announced a deal with FanDuel. Each of Penn National Gaming, Eldorado Resorts and Delaware North own three of the other four casinos to be licensed for sports betting in the Mountaineer State.

Those greater referenced negotiations (regarding 14 states) are likely with a regional casino operator such as Penn National Gaming and/or others.

This is a breaking news story and will be updated.

[Also See: Odds Shift in Race for Operator Dominance in Legal U.S. Sports Betting Market]

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College Football Picks, Predictions For Win Totals: Top 5 ‘Best Bets’

The post College Football Picks, Predictions For Win Totals: Top 5 ‘Best Bets’ appeared first on SportsHandle.

After an interminable wait since Alabama’s exciting 28-23 win over Clemson in the College Football Playoff National Championship, the 2018-2019 college football season is just weeks away. With that, many sportsbooks have posted

The post College Football Picks, Predictions For Win Totals: Top 5 ‘Best Bets’ appeared first on SportsHandle.

After an interminable wait since Alabama’s exciting 28-23 win over Clemson in the College Football Playoff National Championship, the 2018-2019 college football season is just weeks away. With that, many sportsbooks have posted over/under win totals for all 129 FBS teams and I have attempted to identify some of my “best bets” in this article.

In making these types of plays, I historically try to both “buy low and sell high” depending on the public perception of teams and also pay close attention to marquee coaching changes at schools with large big fan bases. Shopping around for the best number is also key, as the lines are not as tight as a typical full slate of heavily bet games.

Note below that I have “shopped” for lines both at the Westgate SuperBook and the SouthPoint in order to recommend a play that best suits my projections.

College Football Picks, Predictions For Win Totals: Top 5 ‘Best Bets’ and Honorable Mentions

college football picks predictions lines texas longhorns
Head Coach Tom Herman.

1. Texas Longhorns (8.5, o -130/u +110 at the Westgate SuperBook)

While my allegiances lie with my alma mater, the University of Texas, I have not been high on the Longhorns since the disappointing end to the Mack Brown era and the disaster that was Charlie Strong. Speaking of Mack Brown, while Texas hasn’t won the nine games it will take to cover this total since Brown’s final season in 2012, most publications have the Longhorns ranked in the mid-teens in their preseason top 25 polls. I think the Longhorns are a sleeper to make the College Football Playoff this season.

Despite only posting a 7-6 record in 2017, the Longhorns defense was vastly improved and the team suffered an overtime loss to a heavily-favored USC team in Los Angeles and had the ball in Oklahoma’s territory (as 14.5 point underdogs). Texas had a chance to win in the final minutes in the Red River Showdown.

This season Texas will be double-digit favorites and should net four easy wins against Maryland (currently -11, while noting the loss as a double digit favorite to Maryland at home last season), Tulsa, Baylor, and Kansas (currently -7.5). The Horns should actually be favored in every game this season, the lone exception being against Oklahoma (currently +5 after opening at +12).

If Texas can beat USC (currently -4.5 after USC opened as the betting favorite) at home in Week 3, then the College Football Playoff hype machine will be in full effect for Longhorns’ annual tilt with Oklahoma in Dallas, with both teams potentially entering the game with 5-0 records. Even if Texas loses to both USC and OU (which I don’t think will happen), there is still a decent chance that they run the table to secure 10 wins.

Projected regular season record: 10-2.

The play: Over


2. Baylor Bears (6, o -110/u -110 at the SouthPoint)

college football picks lines baylor bears

The Baylor Bears would like to forget a rocky 2017 both on and off the field. Following a tumultuous offseason rocked by the deplorable sexual assault scandal and ultimate firing of head coach Art Briles, the 2017 Bears mustered only a single win — over perennial Big 12 doormat Kansas, and suffered home losses to Liberty, the University of Texas and San Antonio (UTSA).

Charlie Brewer emerged as a legitimate candidate for quarterback of the future in Waco; however, this Baylor team is still very young and inexperienced at most positions and 2019 looks like the more likely year for any turnaround story. While Baylor could conceivably start the season 4-0 with wins over Abilene Christian, UTSA, Duke and Kansas, it is equally conceivable that the Bears fail to win another game, much less the three additional wins that it would take to push the Bears over the 6 win total.

Projected regular season record: 5-7.

The play: Under


3. Washington Huskies (10.5, o +115/u -135 at the SouthPoint)

With Heisman candidate QB Jake Browning entering his senior season, and just one season removed from an appearance in the College Football Playoff, the oddsmakers have made Washington one of the betting favorites to reach this season’s College Football Playoff. It won’t take long to find out if Washington is a contender or a pretender this season, as the Huskies start the season against at Mercedes-Benz Stadium in Atlanta against Auburn in a de facto home game for the Tigers. Washington is currently a 3-point underdog in this game and a loss would mean that the Huskies would need to run the table to eclipse the 10.5 win mark.

While Washington is fortunate to avoid USC for the second consecutive season, the Huskies always seem to lose a game or two that they shouldn’t, particularly on the road (see their 13-7 road loss as -17.5 favorites at Arizona State last year). The odds are good that Washington falters in at least one of its road games at Utah, UCLA, Oregon, California or Washington State.

Projected regular season record: 10-2.

The play: Under.

Bonus note: If you like the Huskies to cover the total, the Westgate SuperBook is offering the Huskies total at 10 (o -145/u +125). In lieu of taking both sides and paying significant juice on both plays, a simple “hedge” opportunity to consider if you like the under is to take the Huskies +3 against Auburn or even on the money line at +140 and hope that they drop a couple more games down the road.


4. Texas A&M aggies* (7.5, o +110/u -130 at the Westgate SuperBook)

college football picks predictions texas am aggies

The arrival of Jimbo Fisher as head coach has not only caused hopes to skyrocket in College Station for the 2018 season, but has also secured the aggies a token appearance at the tail end of many preseason Top 25 polls. While Texas A&M has talent on the offensive side of the ball, their defense allowed 35 points or more in half of its games last season (and another 55 to Wake Forest in the Belk Bowl) en route to a 7-6 overall record. It will take more than bringing in a big-named coach to correct these problems.

A&M is known for scheduling patsies and 2018 is no exception with “pay to lay down” wins already inked in the books against Northwestern State, Louisiana Monroe and UAB. Finding the next 5 wins needed to go over the win total will be a far greater challenge for Fisher’s squad. The aggies will be heavy underdogs underdog in at least five of their games, including at home against Clemson (currently +12.5) and in three road games Alabama (currently +24), Auburn (projected +7) and Mississippi State (currently +4).

Texas A&M projects to be a small favorite on the road at South Carolina (currently -2), at home against LSU (currently -1.5) and their annual meeting with Arkansas in Dallas always seems to come down to which team has the ball last. In sum, there are plenty of “almost guaranteed” losses and “quite possible” losses on what is a gruesome schedule for the 2018 aggies.

Projected regular season record: 6-6. The play: Under.

*Note: as a Longhorn graduate, I am ethically prohibited from capitalizing the word “Aggies.”


5. Nebraska Cornhuskers (6.5, o Even/u -120 at the Westgate SuperBook)

Similar to the changing of the guard at Texas A&M, Scott Frost (coming off a “National Championship season” at UCF) has the Nebraska faithful believing that the Huskers will rebound from its 4-7 campaign in 2017. Nebraska should have no problem with picking up non-conference wins over Akron and Troy, but will also play a very losable game at home in Week 2 against Colorado.

Like the aggies, the Huskers will be double-digit underdogs at Michigan (currently +16.5), at Wisconsin (currently +16.5) andat Ohio State (currently +21). Absent a massive upset in those 3 games, Nebraska can only suffer two additional losses and hit the over. The Huskers are likely home underdogs against Michigan State (currently +2), road underdogs at Iowa (currently +3) and will undoubtedly go off as underdogs in other several other games once posted. Combining this and the arrival of a trendy new coach seems like the recipe for a disappointing season in Lincoln.

Projected regular season record: 5-7.

The play: Under (Best Bet)


Others receiving votes:

Iowa State Cyclones (6.5, o -120/u EVEN at the Westgate SuperBook and SouthPoint)
Projected regular season record: 5-7
The play: Under

Notre Dame Fighting Irish (9, o -115/u +110 at the SouthPoint)
Projected regular season record: 8-4
The play: Under

BYU Cougars (5, o -140/u +120 at the SouthPoint)
Projected regular season record: 6-6
The play: Over

Oklahoma State (8, o -110/u -110 at the Westgate SuperBook)
Projected regular season record: 9-3
The play: Over


Barry McFadden is a co-founding partner of Greathouse Holloway McFadden PLLC in Houston, Texas and has significant experience representing clients in the gaming and sports betting industry.  In addition to his legal practice, Barry and a partner finished in 3rd place in the prestigious Westgate Las Vegas NFL SuperContest in 2015, besting nearly 1800 other entrants for a payday of $181,335.

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FanDuel-Boyd Gaming Sports Betting Partnership Puts Focus On Online Wagering

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The spate of brand and technology alliances in the new national sports betting industry continues with the announcement late Thursday that Las Vegas-based Boyd Gaming Corporation and the FanDuel Group, the

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The spate of brand and technology alliances in the new national sports betting industry continues with the announcement late Thursday that Las Vegas-based Boyd Gaming Corporation and the FanDuel Group, the Paddy Power Betfair subsidiary, have entered into a strategic partnership to “pursue sports betting and online gaming opportunities across the United States.”

Earlier in the week, Boyd announced an alliance with MGM Resorts International that would allow the two major casino operators in Southern Nevada and now in an expanding number of regional gaming markets nationally, to facilitate sports betting in states where one company is licensed and the other is not.

Boyd Gaming is one of the largest companies in the gaming industry and, after completion of two pending acquisitions (Valley Forge in Pennsylvania and four former Pinnacle properties), will operate 29 casinos across 10 states.

FanDuel Sportsbook Finds Another Partner In Boyd Gaming to Pursue Opportunities Across U.S. Sports Betting States

fanduel sportsbook boyd gaming us sports betting


Boyd has a rich history in the world of sports betting as owner of the Stardust on the Las Vegas Strip. Although Boyd acquired the property several years after Frank “Lefty” Rosenthal opened a plush 9,000-sq.ft. sportsbook in 1976, the company nurtured and grew Rosenthal’s concept turning the Stardust into the preeminent legal sport betting operation in the U.S. The Stardust was demolished in 2007 to make way for a major Boyd casino project, never completed after the 2008 economic downturn.

Malaysia-based Genting Group bought the site from Boyd, with plans to open Resorts World, a Chinese-themed resort, by 2020.

Now known as the FanDuel Group, the leading Daily Fantasy Sports (DFS) company after DraftKings (perhaps now its full equal), the company claims eight million customers and a presence across 45 states. FanDuel, acquired by Paddy Power Betfair in early July, currently operates the new sports book at the Meadowlands Racetrack and will operate the sportsbook operation at The Greenbrier Resort in West Virginia when that state rolls out sports wagering, expected in the next few weeks.

Establishing an Online Presence.

The Boyd/FanDuel agreement, subject to state law and regulatory approvals, would quickly allow Boyd to establish a presence in the online gaming and the national sports wagering industry by gaining access to FanDuel Group’s technology and related services to operate Boyd Gaming-branded mobile and online sports-betting and gaming services.  FanDuel Group would operate mobile and online sports betting and gaming services under the FanDuel brand in the states where Boyd Gaming is licensed.

Said Keith Smith, President and Chief Executive Officer of Boyd Gaming:

Through this partnership, Boyd Gaming and FanDuel Group will be in excellent position to successfully capitalize as sports betting and online gaming expand across the country. By joining forces with FanDuel’s nationally-known brand, as well as their considerable technical expertise and resources, we will be positioned to build market-leading sports-betting and online gaming operations in each state as they move forward with these new forms of entertainment. We will also see immediate benefits from our cross-marketing agreement with FanDuel, introducing millions of FanDuel customers to Boyd Gaming’s properties nationwide.

Matt King, Chief Executive Officer of FanDuel Group said, “There is incredible momentum in the sports betting space and we look forward to partnering with Boyd Gaming to bring the FanDuel Sportsbook to more customers across the United States.”

The agreement will cover all states where Boyd Gaming holds gaming licenses currently and in the future, excluding Nevada. It also covers states included under Boyd Gaming’s market-access agreement with MGM Resorts International.  Upon completion of Boyd Gaming’s pending acquisitions of the four Pinnacle properties and Valley Forge, Boyd Gaming says it will have regulated operations in 15 states, representing more than 36 percent of the U.S. population.

FanDuel Group says it will market Boyd Gaming properties through its existing daily fantasy sports service and future interactive sports betting and gaming services, while Boyd Gaming will promote FanDuel’s products to its customer base.  FanDuel Group will also provide Boyd Gaming customers access to its existing product line.

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DraftKings Sportsbook’s Juicy Mobile App Launch In New Jersey

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The DraftKings Sportsbook debuted on Wednesday, making the daily fantasy sports-turned-sportsbook operator’s mobile sports betting app the first to hit the market in New Jersey — and further, the first

The post What’s Up With DraftKings Sportsbook’s Very Juicy Mobile App Launch In New Jersey? appeared first on SportsHandle.

The DraftKings Sportsbook debuted on Wednesday, making the daily fantasy sports-turned-sportsbook operator’s mobile sports betting app the first to hit the market in New Jersey — and further, the first legal betting app available anywhere outside Nevada. On the surface, pretty exciting!

Some recreational folks may be celebrating, but public reception has been lukewarm elsewhere and in some corners downright caustic because, like the FanDuel Sportsbook launch (in retail at the Meadowlands Racetrack) in mid-July, the baseball lines offered are just dismal compared to industry standards (more on this later).

The DK sportsbook right now is in a soft-launch phase with up to 50,000 people in New Jersey supposedly eligible to download, deposit and wager. No doubt DraftKings carefully observed the rollout of the FanDuel Sportsbook and  saw some backlash against their lines. As a result, it seems more likely to me that this pricing is not incompetence or disrespect for its customers … and from a business perspective may actually make sense. (Or shouldn’t be surprising.)

DraftKings Sportsbook Lines on Mobile App Are Way Out of Whack Upon New Jersey Soft Launch: Is This Clueless or Well-Calculated?

OK, so, these lines are rough, as Robert Dellafave to NJ Online Gambling explores and others have noted, when compared with the typical 10-cent baseball money lines (for example, -155 for Team A and +145 for Team B) or 15- or 20-cent lines in some cases you can see below from Las Vegas and offshore books. A look at the pricing from ESPN’s David Purdum:

 

 

So what’s the idea? Right now DraftKings is remaining in a soft launch indefinitely. This is a launch with its self-selected early adopter cohort that will give the company valuable feedback. We really have no clue if the app is available to 50,000 people or 500. I can tell you that I live in New Jersey, have played a decent amount of DFS during NFL season, and have not (yet) been invited to download.

It’s baseball season and they’ve got a one month to ramp up before football season — the Official King of U.S. Sports Betting — to figure things out technologically and also, well, test and evaluate this initial cohort.

First, just how many of its users don’t know that these prices are bad? Second, DK can see how many users bet the lines and cross-reference against their DFS histories. How many and what percentage of its users “invited” (likely MLB DFS players) will download the app are going to bet? They can then project how much of its database may download and play during football season, perhaps on -115 spread bet? The DraftKings run line pricing is more in line with industry norms. As evidenced by the dumbed-down terminology “Who Will Win?” instead of saying “money line” — they’re appealing to the recreational sports bettor. It’s possible the spread bets for football meet -110 norms and the money lines are elevated as here with baseball.

Maybe also DK can see how many of the users know the lines aren’t good and simply don’t care. In a way, playing in GPP DFS contests is akin to setting money on fire. DK may have even obtained (purchased) e-mails from offshore sportsbooks to see which of its users have deposited offshore and will bet through DraftKings against certain lines. 

Point is, there’s a one-month window here during the dog days of summer/baseball when DraftKings can glean a whole lot of information in a contained environment before it really matters: that is, football season, when the MGM/Borgata app and the Caesars app and others are up and running on mobile as well.

In other words, they’re testing the upper limit. They can always come back down from these prices and probably few people will remember if they even knew in the first place. Most people not vacationing right now probably aren’t betting on the Giants-Diamondbacks.

Further, these lines aren’t being covered by the mainstream media. The major publishers will dive bomb when there’s a major event in the sports betting world, or perhaps just to offer a misinformed think piece about how legal sports betting will render collegiate sports extinct … but they’re just not getting into pricing issues.

Another number of note? Despite the FanDuel Sportsbook stumble out of the gate, it still did $3.5M handle in just nine days. During baseball season with a sprinkle of World Cup. We’ll know in a of couple weeks how they performed with handle/old over the month (in retail form only).

Sports betting inherently has an upper limit problem with revenue. DraftKings will mop up on parlays and teasers like every shop, but they’re looking to get more out of money line wagering here and in the future, evidently.

For most the folks reading here who will run away from this pricing and never come back, they probably expected you’d react that way. Best advice for everyone else, whether you’re shopping for a toaster, a car or a money line: shop around. 

The post What’s Up With DraftKings Sportsbook’s Very Juicy Mobile App Launch In New Jersey? appeared first on SportsHandle.

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What to Expect From Mississippi’s Golden Nugget Biloxi Sportsbook Launch

The post What to Expect From Mississippi’s Golden Nugget Biloxi Sportsbook Launch appeared first on SportsHandle.

Mississippi sports betting is off and running today, Wednesday, in Biloxi on the Gulf Coast and Tunica, as a pair of MGM properties will cut ribbons. Over a dozen casinos are also preparing

The post What to Expect From Mississippi’s Golden Nugget Biloxi Sportsbook Launch appeared first on SportsHandle.

Mississippi sports betting is off and running today, Wednesday, in Biloxi on the Gulf Coast and Tunica, as a pair of MGM properties will cut ribbons. Over a dozen casinos are also preparing for launch this month in those regions where casinos and resorts are concentrated.

The Mississippi sports wagering rollout has arrived after regulations went into effect in late June, as the Magnolia State follows New Jersey sports betting rollouts (ongoing). West Virginia sports betting is likely to come next, before football season if things go right.

In an effort to give readers a glimpse behind the curtain and information as to what they can expect when they arrive to put down some sports bets, we spoke to the sportsbook manager Brad Bryant and vice president of marketing and resort operations Scott King of the Golden Nugget Biloxi, which is aiming for a late August launch of its sportsbook.  Also covered here is what sports wagering means for the resort and the state as a whole. (Note: the conversation has been lightly edited for brevity and clarity)

Mississippi Sports Betting Is Officially A Go, as More Biloxi Properties Such as Golden Nugget Prepare Sportsbook and Operations for Launches.

 

Sports Handle (SH): Brad, what’s your background in gaming and sports wagering?

Brad Bryant (BB): I started in Las Vegas in about 1996 with Station Casinos. I was the sportsbook manager of Boulder and Sunset Station. I was also the director of race, sports, poker, keno at Aladdin, Planet Hollywood. Briefly with … back then it was Brandywine, now it’s William Hill. I oversaw a couple of their sports books, and then the last seven years in New Orleans at the fairgrounds , race course, and slots, and other slot and race track management.

SH:  Can you say roughly when can patrons expect an opening?

Scott King (SK):  We’re targeting as early as August 20th. Our goal is to get it open before Labor Day weekend, the weekend before, just so we can get in the mix. We’re working lock step with the gaming commission, just like anyone else. There’s nothing on our end that’s behind and our renovation is underway.

We have an existing sports bar that we’ve actually expanded and renovated. That should be done in the second week of August. All of our equipment is in order. The Atlantic City Golden Nugget and us are kind of in lock step, too. Our Golden Nugget there are working in tandem on this.

SH:  You mentioned the bar and expansion. What do you expect the physical space will look like upon completion? TVs, number of windows open, perhaps food and drinks available?

SK: We’ve got seating for around 120, about 50 TVs, which would be inclusive of those that are over the sports window, I think. What do we have, four?

BB: We’re going to have actually five windows and eight kiosks throughout the property as well.

 

SH: Will the menu be typical of what exists in Las Vegas? I know the regulations from the gaming commission, they’re not making any limitations on betting on local college teams. Beyond that, futures, props, in-play?

BB: I think we’ll have as much or maybe more than Las Vegas. We definitely will have the in-game wagering and all the proposition wagers, all the futures. Our expectation here is that we’re gonna have a full compliment of wagering options for our business, for our guests.

SH: For football, do you anticipate 10 or 20- cent lines?

BB: I think we’ll still do the 10 cent, the minus 110 on both sides. I don’t think were gonna do anything any different than normal. Business as usual.

SH: Do you think you’re gonna be taking a lot of action on Ole Miss and Mississippi State, and needing to kind of shade your lines a bit?

BB: I do think we’ll take a lot of action on those local teams. I’m familiar with what happened down with the Vegas Golden Knights and probably what’s gonna happen with the Raiders, when they get to Vegas. We’re definitely gonna get a lot of wagers on the home teams, like the Saints.

But my anticipation, I don’t think we want to be somebody that’s just gonna move the number or try to get ahead of the number, just because we think somebody might bet that locally. We want to have a fair number and we want to move it based off the action when it comes in.

SH: You mentioned working with the folks in Atlantic City. We saw there was a recent partnership announced between Golden Nugget and  SBTech. For the time being, are you guys handling all the pricing and risk management in-house?

BB: We do have an agreement with SBTech, and when we open up we will be partnered with SBTech.

SH: This issue came up in New Jersey at The Meadowlands, at a sportsbook not located within a casino: Will patrons be able to cash tickets at the casino cage after the sportsbook closes?

BB: Yes, we’ll have a terminal at the cage, so after we close they can go down and cash their tickets at the casino cage. Absolutely.

SH: At least 14 or 15 eligible properties have so far applied for a license for sports betting, many in Biloxi. How will or how can Golden Nugget stand out?

SK:  I think there’s a couple others following our approach where we offer a traditional experience. I think that from what we’ve heard, is that some are going more towards the kiosks if there’s limited space. Where are you based out of?

SH: I’m in New Jersey.

SK: Okay, so you’re in New Jersey. So I don’t know anything about the Atlantic City market, but I’m sure you could relate — there’s 12 or 13 casinos down here. There’s really three nice ones. We’re one of them.

There’s really a couple of us that are gonna compete for what are destination folks that have gone to Vegas for big events. I think now you’ll have folks from the southeast that are thinking ‘Well, instead of flying to Vegas, I could drive down to Biloxi for the weekend’ and we’d be one of their top three.

It’s obvious, Beau Rivage has 1700 hotel rooms, we’ve got 700. It’s a much bigger resort. I think that they’ll benefit from that, but with 700 rooms and as far as amenity-wise, that we will have more of a traditional sportsbook feel in there. We already have the nicest pool on the coast, a game changer type pool.

golden nugget sportsbook resort pool legal sports betting


SH: From what I understand, with the regulations right now, you can offer mobile on premises, but not beyond that. Are you guys going to be offering that?

SK: Yes. We can’t promise it. That date may lag — we’re not gonna delay our opening. Brad?

BB: Yeah, we’re not gonna delay our opening to get that enacted, but it should be coming fairly soon after we get up and running. But yes, the intention is, is we will have that mobile app experience on the property. Absolutely.

SK: It’s a super-high priority for the gaming commission to be 100 percent confident that someone can’t pull up under your casino or in the parking lot and make a wager. So we’ll do everything necessary to make sure that that won’t happen.

SH: Right. In the future, are you guys interested in seeing the commission, or I guess the legislators, make some adjustments to allow mobile throughout the state?

SK: I would think we’d be silly not to. We’re not actively lobbying for that … I think that we’re very gracious that the state of Mississippi was proactive a couple years ago [legalizing sports betting pending a change in federal law]. The fact that Mississippi’s out in front of this … we won’t be the last, but being the first in the south is huge, just to build up that equity.

It’s no different than traditional gambling, people are gonna gamble out of convenience, first and foremost. But especially states like Alabama, that won’t have it anytime soon, if not ever. For someone who can only come to Mississippi right now and start to get used to it, and goes back to us having a nice sportsbook. 

SH: Last question. What are you guys most excited about as this prepares to roll out? 

BB: Well, I’ve experienced a sportsbook on a Sunday morning in Las Vegas, and I think I may be one of the only ones down in this area that have really experienced that on a regular basis. I’m excited for the guests to be able to come in and have a full wagering menu at fair odds, that they may or may not have been getting with their, as you say, they’re offshore, or illegal bookie.

But I’m also excited for the casinos to be able to see the amount of people that are gonna come in on a Sunday morning and bet these games, and hang around all day and drink. There’s just nothing like it in my mind. It’s just special,.

SK: Wearing my marketing hat, I have a new product with a limited supply and high demand. So that’s fun to market that, it’s not real fun marketing a car giveaway because everyone gives away a car every weekend. But to be able to put up a billboard in Alabama saying, “Come to Mississippi and bet on sports.” Heck, it’s fun right now.

The post What to Expect From Mississippi’s Golden Nugget Biloxi Sportsbook Launch appeared first on SportsHandle.

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NBA Announces Historic Sports Betting Deal With MGM Resorts International

The post NBA Announces Historic Sports Betting Deal With MGM Resorts International appeared first on SportsHandle.

In what National Basketball Association commissioner Adam Silver and MGM Resorts International CEO Jim Murren hailed as a historic partnership, the professional sports league and major international gaming and hospitality company have struck an

The post NBA Announces Historic Sports Betting Deal With MGM Resorts International appeared first on SportsHandle.

In what National Basketball Association commissioner Adam Silver and MGM Resorts International CEO Jim Murren hailed as a historic partnership, the professional sports league and major international gaming and hospitality company have struck an agreement on sports betting data and intellectual property, the first relationship of its kind.

The pair made the announcement at a press conference at the St. Regis New York Hotel in New York City on Tuesday. The deal will permit MGM and its properties offering sports betting to use official NBA league data as well as NBA logos and marks in conjunction with its sports betting products.

This agreement makes MGM the “official gaming partner” of the NBA, but this deal is not exclusive to MGM. In fact, eliciting a laugh from Murren and the audience, Silver invited more deals of this kind with other gaming entities.

NBA Sports Betting Deal With MGM Ushers In  ‘A Whole New World For Us’ and Positions MGM to ‘Win’ as Number of US Sports Betting States Expected to Grow

nba sports betting mgm adam silver data deal
Silver (L) and Murren (R)

It’s a 3-year-deal, of which the financials were not disclosed, will allow both sides to test the waters in what Silver called “a whole new world for us.”

“NBA’s three-year deal does not include rights to allow MGM to stream live NBA games on a mobile app that allows gamblers to bet on that app at the same time,” reported ESPN’s Darren Rovell. “That, many believe, is where the big money is.”

Silver indicated that the NBA recognized that their aggressive lobbying campaign in at least two dozen states with respect to sports betting legislation was an “uphill battle.” The league saw that states were resisting their preferred legislation, and further that a federal framework was not in the works.

But Silver indicated that the state-level battle is one that’s far from over as so far only six states have legalized (New Jersey, Pennsylvania, Rhode Island, Mississippi, West Virginia) or expanded their sports wagering offerings (Delaware). But so far, no state has passed legislation mandating the use official league data, or requiring operators or state lotteries to pay the league an “integrity fee” or royalty in any amount. New York came close.

[Also See: MGM, GVC Joint Venture in Sports Betting, Online Gaming Will Create ‘A Beast’]

In response to a question about the origin of the official league data — used to grade wagers — from Sportradar, Silver said that their  Sportradar deal does not govern its data in the U.S.  With respect to data for MGM and other potential partners, he said “The official data feed will come directly from the leagues operation center, or from a partner yet to be named by the NBA.”

Big Week for MGM.

Murren was pleased to have the MGM become the first to test these waters. MGM has now set the market rate for the cost of doing business of this kind directly with a professional sports league.

It’s been quite a week in MGM announcements, with news of its joint venture with the announced formation on Monday of a sports betting and online gaming joint venture with British betting group GVC Holdings Plc, owner of the Coral, Ladbrokes and Sportingbet brands.

Further on Monday, MGM and Boyd Gaming announced a new partnership on Monday that will expand MGM’s portfolio into states likely to offer sports betting and/or online gaming in the coming months or years. The partnership has an eye toward jurisdictions where either Boyd Gaming or MGM operates physical casino resorts and should be able to obtain licenses to operate online.

“We needeto have great brands,  which we have at MGM. We needed the right market access in the U.S. We have that. … we also need the best in-game betting experience which we get with GVC, and now we have tremendous data,” Murren summed it up.

He remarked that all of these pieces has MGM primed to “win” in the expanding U.S. sports betting market.

There was some news for New Jersey sportes betting tucked at the end of the presser, too. Said Murren: “At the end of this week we’ll be taking mobile bets from The Borgata via the Play MGM app.”

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The post NBA Announces Historic Sports Betting Deal With MGM Resorts International appeared first on SportsHandle.

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What to Expect at “The Book,” Coming to The Horseshoe Tunica in Mississippi

The post What to Expect at The ‘Book,’ Sportsbook Coming Soon to The Horseshoe Tunica in Mississippi appeared first on SportsHandle.

As the calendar turns to August, we’l soon see the rollout of legal Mississippi sports betting at several of the dozen-plus properties that have applied for a license. MGM’s

The post What to Expect at The ‘Book,’ Sportsbook Coming Soon to The Horseshoe Tunica in Mississippi appeared first on SportsHandle.

As the calendar turns to August, we’l soon see the rollout of legal Mississippi sports betting at several of the dozen-plus properties that have applied for a license. MGM’s Beau Rivage in Biloxi and the Gold Strike in Tunica will go first, following the company’s announcement on Monday of a August 1 launch (Wednesday).

In mid-August, Gold Strike’s next door neighbor, The Horseshoe Tunica Hotel & Casino (a Caesars Entertainment property), will be off and running.

The Horseshoe’s Race & Sportsbook manager Chris McConnell has spent the last 20 years working in sports betting and racing operations or organizations. Sports Handle caught up with McConnell recently for a glimpse into preparations and some words about the wagering menu, the physical property, and an approximate opening. 

Mississippi Sports Betting August Rollout: Caesars’ Horseshoe Tunica to Introduce ‘The Book,’ With Regional Props to Come

caesars sportsbook las vegas horseshoe tunica ms sports betting
The Caesars Palace Race & Sports Book in Las Vegas

Sports Handle (SH): Can you tell us what patrons can expect of physical sportsbook space?

CM: First of all, it’s temporary space a right now, and we’re calling it ‘The Book.’ It’s constructed adjacent to our World Series of Poker Bar and our poker room. It’s going have 12 large screen TVs, sized from about 65 to to 75 inches.

And we’ll also have three large screen TVs for updated odds on sporting events. Basically our data wall. And one of them, one of the things that we are going to be doing that’s a little bit different, because we are in SEC country, we’re probably going to do some regional proposition wagers, just for our property here. Within The Book, there’s going to be five [betting] windows presently. One of them is an ADA window.

SH: On or about what date do you expect The Book will open?

CM: We don’t have a hard date on that. I would say somewhere around mid-August.  And I suspect when we go to do a launch, we’ll try to do it, a super soft launch like on a Monday. We’re not gonna open up on a weekend. We’re trying to do it the right way for the customers, but also make sure people are properly trained.

What Caesars did here was seek people internally that had some background in that to alleviate downtime and to increase the training right off the bat. Anything they have in Vegas, we’re working on bringing it into The Book.

SH: What can patrons expect of betting menu and odds?

CM: The Book and Caesars sportsbooks will coordinate across the country, so we’re going to be integrated. From a waginerg standpoint, we can take larger wagers if we want to based upon pooling and everything. We’re going to emphasize regional sports and wagering.

We understand that it’s a new experience for a lot of people and we have a lot of tips and handicapping things and a lot more information to hand out for people that don’t know what the lines mean and how to wager. We cater to everyone. Newbies, we have it set up that we’ll have training to assist new people as well as the experienced better.

SH: Any sense of how much appetite there is now for sports betting in Mississippi based on people coming by and asking or calling in?

CM: Well, let me tell you, as soon as we actually put up a few signs right around it, coming soon, you know, Horseshoe Tunica ‘The Book’ … we are literally quite adjacent to the World Series of Poker Room. Tons of people have been asking the poker supervisors and the staff over there. When is it coming? I met with Lisa, who’s the GM over at the poker room and she goes, ‘We must get 20, 30 when is it gonna open?’ questions a day. It’s not so much what’s the offering — they know what it is, but when’s it coming.

(Editor’s note: McConnell noted that Harrah’s Gulf Coast will be opening around the same time, too.):

SH: Will you guys be offering at some point on-premises mobile wagering, which is allowed under the existing regulations as you know?

CM:  Yes, but we want to get the live retail stuff going first and then do that. It comes geo-fencing with the property. Well, does that mean like in our property including The Roadhouse? So, define property. Is it the physical location of The Horseshoe? Or does it include our property which is basically next door?

SH: What about the possibility in the future of mobile betting opening up outside the property, which is big in Nevada and for offshores?

CM: We have a long history of working closely with Mississippi Gaming Commission and regulators to bring the latest technology and innovation that is beneficial to our customers and the Mississippi gaming industry to our operations. We will continue to work closely with regulators to improve our operations and customer experience.

SH: To what extent are you guys working with a Nevada-based team to assist in preparations?

CM: The Nevada team will be doing all of our odds. So, that helps us here. Like with MGM, you set your own lines and stuff like that. We don’t have to worry about that. Our thing is customer care — taking care of the customer. Our lines are coming from a team of experts that have been doing it in Las Vegas for years. So, it works very well for the customers. They’re getting the best lines, but the people out here don’t have to worry about moving lines back and forth.

SH: Can you give example of the kind of regional prop you expect to offer?

CM: You could do two Mississippi teams and we could say something like which team will score the most offensive points this week? Like a head-to-head matchup. We can also do same thing with individual quarterbacks or something like that or running backs. So we can do team props, player props, points or scoring. Which team will score the most points in the first half.

Not only for, pro football, we can also do it for college football and things like that. We can keep the regional nature of it if we want to or if people have an appetite for those type of wagers, we can do that also.

So, we can have a little bit different wagers than what is being offered in Las Vegas, even that. It won’t be a whole wall of it. I’ll be three to five easy each weekend type of stuff or each, you know, maybe a Saturday, Sunday, it might be different.

MS legal sports betting sportsbooks tunica horseshoe

SH: What are you most excited about as you prepare to roll this out?

CM: I think it’s good for the overall industry. I’m in the industry, so I think it’s a good thing in whatever state. I hope more states do adopt it and do it. Will it impact Las Vegas? Las Vegas is so big, people that went to Vegas to bet sports, they go up for a week or else they move there.

We’ve added more people here. We’ve hired more people. We’ve talked about doing it that way. It’s like if they want music or a band or something, well they want sports betting. Once they said we were going to get it, everyone was excited. And once we start putting up those curtains, man, the temperature shot up a thousand degrees because now it’s the reality of it.

So, it’s a good thing that it’s happening in the industry. It’s good for our property and it’s good for the people here. We’re so close to Memphis, we appreciate the people taking the ride down. It’s a little bit different dynamic than say Vegas. These people choose to come here to have fun, to wager responsibly. And so the thing for me, from managing the racing and sports, I want to give them the best that I can. You know, they made the effort, we gotta make the effort times ten back to them.

The post What to Expect at The ‘Book,’ Sportsbook Coming Soon to The Horseshoe Tunica in Mississippi appeared first on SportsHandle.

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Meet @Berryhorse, A Compelling New Voice in Sports Betting Modeling

The post Meet @Berryhorse, A Compelling New Voice in Sports Betting Modeling And Information appeared first on SportsHandle.

I first became aware of @Berryhorse when a few friends alerted me to his Twitter page. He’s gained quite a following thanks to his willingness to share

The post Meet @Berryhorse, A Compelling New Voice in Sports Betting Modeling And Information appeared first on SportsHandle.

I first became aware of @Berryhorse when a few friends alerted me to his Twitter page. He’s gained quite a following thanks to his willingness to share his Major League Baseball betting model in an open Google spreadsheet, plus he provides insight into the model and his picks. Given his success this season, his profile on Twitter and Reddit has steadily grown.

According to his tracking, Berryhorse – whose real name is Kierian – is 166-138 (54.5%) on the season , +524.2 units and +22.45% ROI. (Note: We did not contemporaneously track or verify these MLB wagers/positions, but there is no shortage of followers who can attest to his success and are willing to make donations, which he has declined to accept and instead has referred them to charities.)

Berryhorse’s relatively new Twitter account has grown to nearly 8,500 followers. He updates his followers with his daily wagers and new information.  We caught up with Berryhorse and he explained his background, his thinking and intentions with the model, and what’s to come for football season. But first, here’s a thread that he wants every follower to read. 

Sports Handle (SH): To start, will you tell us a bit about your background?

Berryhorse (BH): I’ve been playing sports and watching sports for essentially my whole life. Basketball, football, golf, baseball and more. At the same time I’ve also always been a huge science and math nerd. I got into computer science my senior year of high school and majored in Computer Engineering and Computer Science in college. While at school I worked for an NBA analytics company, which was my introduction to machine learning and data science. Learning about this in the context of sports was awesome and eventually it became clear to me that it was possible to build predictive models to beat the sports betting markets.

Like most people I enjoy sports betting because of the money I earn, but by far my favorite part about it is that it quenches my thirst for competition. I love competing and winning and really enjoy that element of sports betting more than any other. I also love how it’s such a pure meritocracy. If you’re a winner, you’re a winner.

Over the long run you can put your money where your mouth is and prove your edge over the market. Of course the industry is full of scams and gimmicks but success in the actual betting market is purely based on merit. My favorite sport to bet on is baseball – highest volume of games, and when betting money lines the team’s incentives are always aligned with you as a bettor, unlike spread betting.

SH: Can you explain how the MLB model works?

BH: First, I have to give a lot of credit to Joe Peta, the author of “Trading Bases.” Much of how the model works is based on his principles. As simply as possible, the model prices each team against one another by projecting how good each team is at run production and run prevention.

There is no simulation of pitches or at bats or innings, it just says “team A is this good and team B is this good.” Once it has that information it can calculate a probability of one team winning the game and compare it with the Vegas line. When there’s a large disagreement between the two, it’s probably worth betting.

SH: How big a factor is the starting pitcher within the equation for each game?

BH: Starting pitchers matter as much as the specific starting pitcher matters. The run prevention number for the team obviously relies heavily on the starter and this is accounted for. Basically it calculates the RA number for the team if that starter pitched every game for them.

SH: What’s the most memorable cover you’ve had this baseball season? Wild ending, walk-off, or otherwise?

BH: The most memorable cover was the White Sox beating Cincinnati in CIN a few weeks ago. Lucas Giolito got rocked for 4 or 5 runs in the first and after spoiling a bunch of chances in extras, CHW eventually won in 12 by a few runs (and covered the run line). Most memorable loss: recently Kris Davis hit a 2-run shot with 2 outs and 2 strikes to win by one. That hurt. The most painful/memorable loss is always the most recent.

mlb betting model berryhorse twitter reddit khris davis hr


SH: Why do you keep the spreadsheet open? Are you interested in the conversation/discussion?

BH: I’m sharing all of this for a few reasons:

#1 and most importantly is I think my process of betting can be helpful for people and encourage them to think more analytically and reject some flawed ideas/myths in sports betting.

#2 I think I can help people win money.

#3 least important, and selfishly, I think it’s a good idea to build a reputation in sports because a lot of my long-term goals are in this space.

SH: What do you have in store for football season? Expect to focus on NFL or CFB or both?

BH: Football: I have models for both college football and NFL but I do not currently plan on making either public. I will share as much as I possibly can though.

(Note: In June, Kieran and his college roommate Jerry launched the podcast “Sports Thoughts” in iTunes (some words about the football model in Episode 7.)

SH: What’s the biggest lesson or takeaway, mathematical or otherwise, you’ve learned from the MLB season wagering?

BH: Biggest takeaway: Really the biggest takeaway is just simply the legitimacy of this model. I was expecting it to do well, but was not at all confident we’d see any season like I’ve enjoyed thus far.

SH: Can you offer some advice for beginners?

BH: I think one common mistake of beginners is not understanding the uncertainty of sporting events. In general, novice bettors are far too confident in their opinions and need to understand that sports are inherently very random and volatile. Typically this means new bettors skew towards betting a disproportionate amount of favorites.

Beginners should also be calculated with their risk allocation and bankroll management. There should be some element of betting more when they are more confident but still the maximum amount they bet should be a small portion of their overall bankroll. It is crucial to preserve and protect the sanctity of future earnings by never risking too much of their bankroll.

The post Meet @Berryhorse, A Compelling New Voice in Sports Betting Modeling And Information appeared first on SportsHandle.

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Mississippi Sports Betting to Launch at MGM Properties in Biloxi, Tunica

The post Mississippi Sports Betting to Launch This Week at MGM Properties in Biloxi, Tunica appeared first on SportsHandle.

As had been rumored since the new Mississippi sports betting regulations went into effect on July 21, the Beau Rivage Resort & Casino (Biloxi, MS) and Gold Strike Casino Resort (Tunica,

The post Mississippi Sports Betting to Launch This Week at MGM Properties in Biloxi, Tunica appeared first on SportsHandle.

As had been rumored since the new Mississippi sports betting regulations went into effect on July 21, the Beau Rivage Resort & Casino (Biloxi, MS) and Gold Strike Casino Resort (Tunica, MS) will accept their first legal sports wagers on Wednesday, August 1 at 12 p.m. CT.

“The two Mississippi gaming resorts, both part of the MGM Resorts International portfolio, will celebrate the occasion with invited guests placing simultaneous first bets in the two locations at opposite ends of the Magnolia State,” a statement from MGM reads. “These first sports wagers will be placed on the 26th anniversary of the first casino bet made in Mississippi’s modern casino age, when the first pair of dice was rolled at the Isle of Capri in Biloxi on August 1, 1992.”

For now, wagering will be retail, or on-premises only. Mississippi’s enabling legislation in 2017 that permits sports wagering now there there’s been a change in federal law, courtesy the United States Supreme Court in May, but allows only wagering only in person and via mobile on casino premises.

Mississippi Sports Betting Will Arrive This Week in Biloxi and Tunica at MGM’s Beau Rivage and Gold Strike.

 

Among dignitaries and sports figures invited to place the first wagers are Willis McGahee, former NFL Pro Bowl running back (2003-2013); New Orleans native Robert Royal, former NFL tightend  (2002-2010); and handicapper and sports analyst for USA TODAY, Danny Sheridan.

“It’s been exciting, it’s been busy, and we’re starting to get applications in,” said Mississippi Gaming Commission executive director Allen Godfrey in early July. “Operators are diligently preparing. It appears that the enthusiasm is high.

“We’ve had staff in Nevada, we’ve had them in New Jersey,” Godfrey continued. “We talk constantly with these other agencies and the model we are after is the Nevada model.”

Support and training from personnel in Nevada is part of why MGM will be the first to take wagers in Mississippi, and why the MGM-owned Borgata Hotel & Resort in Atlantic City, New Jersey opened its doors on June 14, the day that the Garden State saw its first two licensees launch.

Over a dozen of Mississippi’s casinos, largely concentrated in Biloxi on the Gulf Coast and Tunica in the northwestern part of the state near Memphis, Tennessee, have applied for licenses.

 

Full details of the sportsbook at the Beau Rivage, already regarded as a cream-of-the-crop resort in Mississippi, are not available. The lounge is likely a temporary space for the time being with about 5 to 8 sports betting windows/tellers available.

Further, we anticipate a traditional sports betting menu, with straight bets, parlays, teasers, props and futures, just like the recently launched Borgata in Atlantic City, New Jersey. And there will be no limitation on wagering on local college teams — namely Ole Miss and Mississippi State.

[Also See: ‘Enthusiasm Is High’ as Mississippi Sports Betting Preparations Underway]


Other Casinos Soon to Follow.

Mississippi Sports Betting legal sportsbook golden nugget
The Golden Nugget Hotel & Casino in Biloxi, MS

Sports Handle has learned that the Golden Nugget in Biloxi will also launch sometime in August, likely before football season.

Likewise, the Horsehoe Tunica, next door neighbor of the Gold Strike, will launch “The Book” in mid-August, roughly. That opening will coincide with a sportsbook launch at Biloxi’s Harrah’s Gulf Coast Hotel & Casino — a Caesars property like the Horseshoe. Others in both Biloxi and Tunica will follow in the coming weeks.

This MGM news comes on the same day that the company disclosed further details of its $200 million joint venture with British betting group GVC. Plus — Monday brought word of its partnership with regional operator Boyd Gaming. The latter arrangement will expand MGM’s portfolio into states likely to offer sports betting and/or online gaming in the coming months or years. The partnership has an eye toward jurisdictions where either Boyd Gaming or MGM Resorts operate physical casino resorts and should be able to obtain licenses to operate online.

This sure beats a Friday news dump!  Stay tuned for further coverage Mississippi sports betting launches and developments.

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Pennsylvania’s Parx Casino And GAN Announce Sports Betting Partnership

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GAN, a major British-based supplier of enterprise-level B2B Internet gaming software, services and online gaming content today announced a formal deal with Parx Casino, owned by Greenwood Gaming & Entertainment, Inc., to offer Pennsylvania sports

The post Pennsylvania’s Parx Casino And GAN Announce Sports Betting Partnership appeared first on SportsHandle.

GAN, a major British-based supplier of enterprise-level B2B Internet gaming software, services and online gaming content today announced a formal deal with Parx Casino, owned by Greenwood Gaming & Entertainment, Inc., to offer Pennsylvania sports betting in both the retail and online markets in the Commonwealth of Pennsylvania.

Parx Casino, located in Bensalem about 20 miles northeast of Philadelphia, had previously filed a petition with the Pennsylvania Gaming Control Board (PGCB) confirming its intention to launch Internet gaming online in the state, identifying GAN as their wagering software platform provider.

GAN says it will receive a portion of the sports betting revenues generated both within the casino and online. Sports wagering is expected to arrive in Pennsylvania this year, but potential local operators are balking at the $10 million licensing fee and 36 percent tax rate that’s currently in place.

Pennsylvania Sports Betting Still Awaiting Final Regulations Amid Prohibitive Tax and Licensure Plan, But Parx Casino Takes Steps With An Eye Toward Future

pa online sports betting parx gan legal betting

Sports betting statewide could generate in excess of $100 million in gross win, according to some estimates, in the first 12 months alone. Sports betting online via the Internet is forecast to add an additional $189 million in the same period.

John Dixon, CTO of Greenwood Gaming & Entertainment, Inc. said,

“GAN has ably demonstrated it abilities with both its overall platform and its integration capability for existing major clients. By leveraging GAN’s platform, Parx Casino will have the opportunity to launch retail and online regulated sports betting together with online gaming in Pennsylvania later this year, subject to the regulatory approval of the PGCB.”

[Also See:  Pennsylvania Sports Betting Game of Chicken Continues]

GAN is listed on the ESM Market of the Irish Stock Exchange and the AIM Market of the London Stock Exchange under the ticker: GAN.

GAN has fourteen (14) casino operators as clients of simulated gaming platform in the US and internationally, including two clients of real money regulated gaming in New Jersey.

Last week GAN announced its mobile sport wagering platform would be used for New Jersey sports betting by the FanDuel Group, current operators of the sports book at The Meadowlands in New Jersey, when the group obtains approval for its  platform from the New Jersey Division of Gaming Enforcement. 

The FanDuel Sportsbook is currently using IGT software for over-the-counter sports betting. GAN says, as in Pennsylvania, it will share in incremental sports betting revenues for online betting at The Meadowlands.

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MGM, GVC Joint Venture in Sports Betting, Online Gaming Will Create ‘A Beast’

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The “British Invasion” in the emerging enterprise of legal sports betting in the U.S. is continuing with the official announcement today (Monday) that British betting group GVC Holdings Plc, owner

The post MGM, GVC Joint Venture in Sports Betting, Online Gaming Will Create ‘A Beast’ appeared first on SportsHandle.

The “British Invasion” in the emerging enterprise of legal sports betting in the U.S. is continuing with the official announcement today (Monday) that British betting group GVC Holdings Plc, owner of the Coral, Ladbrokes and Sportingbet brands, will form a sports betting and online gaming joint venture with MGM Resorts International.

GVC would join other British controlled betting companies such as William Hill, Paddy Power Betfair, bet365 and others that have or are about to assume a major role in the U.S. as a risk manager and/or sports wagering software provider to U.S. gambling companies that have opened or expect to soon open sportsbooks at their U.S. operations.

Jim Murren, Chairman and Chief Executive Officer of MGM Resorts, said in a company media release, “We are proud to join forces with GVC, the largest and most dynamic global online betting operator, with existing reputable and trusted operations in the U.S.” Murren added, “With MGM Resorts’ expertise and leading position in key markets across the U.S., this historic partnership will be positioned to become the instant leader in technology, market access, sports relationships and brands.”

MGM and British Betting Group GVC Teaming Up In Sports Betting and Online Gaming Venture, As More Legal Sports Betting States Open Up Big Opportunity in U.S.

Initial media reports indicate GVC and MGM will contribute $100 million apiece as part of a 50:50 venture that would encompass a 25-year commitment, with an option for either company to buy the other out after 10 years.

GVC already operates MGM’s online casino initiative in New Jersey. Murren’s mention of “sports relationships and brands” is in apparent reference the company’s title sponsorship of the NBA Summer League and its ownership of the WNBA’s Las Vegas Aces franchise.

As earlier reported by Sports Handle, MGM is expected to be one of the U.S. market’s largest sportsbook operators as various states legalize sports betting as a result of the U.S. Supreme Court May ruling that said the law limiting single-game betting to Nevada was unconstitutional. MGM has already begun taking sports bets at The Borgata in Atlantic City and will open at two casino/resorts along Mississippi’s Gulf Coast as soon as state regulators finish due diligence in that state, possibly as early as Wednesday.

MGM now operates National Harbor, a major casino/resort near Washington. D.C., will open MGM Springfield in Massachusetts in late August, and is completing its acquisition of Empire City Casino and Yonkers Raceway, a racino bordering New York City.

One industry insider told Sports Handle, “It is a beast of a deal if it comes to fruition.” 

mgm gvc sports betting online betting venture new jersey

Although MGM is a major Nevada sports betting operator with casinos and sportsbooks all along the Las Vegas Strip, the emerging multi-billion dollar sports betting business along the East Coast alone and the risk involved, may be the motivation behind the proposed GVC/MGM joint venture, industry observers say. They indicate these East Coast sportsbooks alone could potentially take in many millions of dollars in wagers each day.

Such high volume betting action would subject the bet takers to major liability. Forming a new company would spread the risk and make the emerging business more palatable to Wall Street and investors, Sport Handle was told.

Additionally, if MGM were to operate sportsbooks through a different company, with their smaller margins and greater financial exposure, its core casino/resort business would be insulated from potential losses.

MGM recently converted to an IGT betting platform at its numerous Nevada properties on the Las Vegas Strip and is using it at its newly opened sport betting operation at The Borgata in Atlantic City. It’s unclear if the joint venture would use a GVC betting platform rather than IGT’s.  

And More News Today.

MGM and Boyd Gaming announced a new partnership on Monday that will expand MGM’s portfolio into states likely to offer sports betting and/or online gaming in the coming months or years. The partnership has an eye toward jurisdictions where either Boyd Gaming or MGM Resorts operate physical casino resorts and should be able to obtain licenses to operate online.

Boyd will eventually bring to the table eight states where MGM does not operate – Illinois, Indiana, Iowa, Kansas, Louisiana, Pennsylvania, Ohio, and Missouri.

This is the second partnership between MGM and Boyd. The companies were 50-50 partners in Atlantic City’s Borgata Resort, but MGM bought out Boyd’s stake two years ago.

“We are excited to team yet again with Boyd Gaming on this unprecedented partnership,” Murren said. “We look forward to expanding our entertainment options for guests beyond their visits to our land-based resorts.”

CDC Gaming Reports contributed to this story.

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Get a Grip: The Week in Sports Betting and Sports

The post Get a Grip: The Week in Sports Betting and Sports appeared first on SportsHandle.

It’s information overload everywhere, and there’s not time enough to sleep and eat and stay fully apprised of what’s happening on this crazy blue dot of ours (two out of three ain’t bad).

Here’s the

The post Get a Grip: The Week in Sports Betting and Sports appeared first on SportsHandle.

It’s information overload everywhere, and there’s not time enough to sleep and eat and stay fully apprised of what’s happening on this crazy blue dot of ours (two out of three ain’t bad).

Here’s the weekend Sports Handle item, “Get a Grip,” rounding up top stories in legal sports betting and gaming, and the world of sports at large. You may have missed them, and they are worth reading. This is meant to be brief, so that’s it.

The Most Important Sports Betting Stories and U.S. Gaming of the Week

BEST BETS: Sports betting proponent Scott Van Pelt to deliver keynote address at Las Vegas convention [G2E]

DEALS: SBTech secures partnership with Golden Nugget casinos [Newswire]

INVESTMENTS: Ryan Howard and Philly-area investors betting on VSiN [Philly.com]

ENTERTAINMENT: The 13 best gambling movies of all time [TBL]

LINKS: On the appetite for wagering on golf and how PGA Tour stands to benefit [Golf.com]

KICKOFF: Despite Governor’s worst efforts, officials still on track for September rollout of West Virginia sports betting [WV News]

LIGHTNING: PointsBet’s unique sports betting site will launch in NJ [Crossing Broad]

BAD IDEAS: Don’t blame the Pirates for idea link gambling revenues to stadium construction (!) [Forbes]


Podcast of the Week:

Great listen with sports bettor and Gaming Today columnist Bill Krackomberger in his appearance on “Cashing Out” with Brock Landers. Krackomberger gives thoughts on the New Jersey sports betting scene ); on the FanDuel Sportsbook ticketing dispute at Meadowlands (in my opinion, overall it garnered overblown reactions to human error/misjudgment), anecdotes about William Hill bookmaking, thoughts on bankroll management and the importance of the best of the number as a key to betting successfully.


Elsewhere in the World of Sports

STAR POWER: With Tiger in contention, British Open delivers highest final-round TV ratings in 18 Years [Forbes]

COOPERSTOWN: Catching up with the Braves’ Dale Murphy and why he belongs in the HoF [ESPN]

THE SHIELD: College football’s pregame, including national anthem, offers better fan experience – so why won’t NFL follow it? [Yahoo!]

BREAKDOWN: Top 10 linebackers in football for 2018 (available for every positional group) [MMQB]

ANGER MANAGEMENT: UFC’s need for fresh faces, fighters and less of Notorious MMA [LV Sports Biz]


Amusing tweets of note:

 


ICYMI at Sports Handle:

8 Possible NCAA Betting Side Effects From Football Injury Reporting

Pennsylvania Sports Betting Game of Chicken Continues

In-Game Sports Betting Strategy: A Veteran Sports Bettor’s Observations And Tips

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8 Possible NCAA Betting Side Effects From Football Injury Reporting

The post 8 Possible NCAA Betting Side Effects From Football Injury Reporting appeared first on SportsHandle.

The NCAA remains unenthused about the expanding legalization of sports betting in the U.S., but nevertheless has no choice but to respond. One response was the creation of a team of

The post 8 Possible NCAA Betting Side Effects From Football Injury Reporting appeared first on SportsHandle.

The NCAA remains unenthused about the expanding legalization of sports betting in the U.S., but nevertheless has no choice but to respond. One response was the creation of a team of experts to “explore how best to protect game integrity, monitor betting activity, manage sports data and expand educational efforts.”

Another idea is to begin mandated injury reporting. Commissioners and athletic directors from the SEC, Big 10 and Big 12 so far have indicated that things are trending in that direction. ACC commissioner John Swofford views it as critically important and expects its implementation next year. Big 12 commissioner Bob Bowlsby and SEC commissioner Greg Sankey addressed specific issues in connection with injury reporting, such as, who’s in charge, what information must be disclosed, and whether there legal limits to what information teams and conferences may indicate on reports (HIPAA has come up frequently). Even Michigan head coach Jim Harbaugh, known for injury information gamesmanship, is on board. “If we want to do an injury report,” Harbaugh said, “we can do an injury report.”

In light of what appears to be inevitability in the coming year or three, let’s take a look at what impact a new injury reporting requirement might have for teams, coaches, sportsbooks, sports bettors, media members and others. 

New Era Ahead for NCAA College Football Sports Betting  — With NCAA Injury Reporting Regulations Likely Coming, Sooner or Later.

ncaa cfb injury reporting ncaa regulations on betting
Washington OT Trey Adams missed half of the 2017 season with a knee injury

1. Better protection for athletes.

“I think that is critically important and would not only include injuries but if there is disciplinary action where a player is suspended for a game for whatever reason, that would need to be a part of it as well,” ACC Commissioner Swofford said last week. “I think that reduces to some degree people you don’t really want coming around players and managers and doctors and anybody associated with the program, or coaches, and trying to get information in an underhanded kind of way.

And speaking of people you don’t want around players, yesterday we learned about Devante’ Zachery, aka “Tay Bang,” an individual who has wagered on the Florida Gators and was involved in some sort of confrontation with Gators football players in May. None of the players discussed in the First Coast News report were charged with any crime, nor is it clear if the incident involving Tay Bang had anything to do with gambling.

In any case, there ought to be fewer Tay Bangs lurking around if there is no information to be gained on the Gainesville campus or elsewhere.

2. Stop the potential trade, sale or abuse of inside information.

This is an extension of the first point. There’s a lot of statisticians, trainers, video guys, coordinators and others with access to potentially key injury information that’s not currently disclosed. Middle linebacker and stud defensive tackle nursing knee injuries against a team that cut blocks a lot?

Don’t think it has happened or could? We don’t know if this betrayal was gambling-related, but a Wake Forest investigation in 2016 revealed that radio announcer Tommy Elrod was fired for “providing or attempted to provide confidential and proprietary game preparation” to opposing teams on multiple occasions. Head coach Dave Clawson said, “We allowed him to have full access to our players, team functions, film room, and practices.”

3. Some legal wrangling and uncertainty.

The Health Insurance Portability and Accountability Act of 1996 (HIPAA) required the federal government to develop regulations protecting the privacy and security of certain health information.

This protection may or may not apply to injury disclosures involving student-athletes. HIPAA excludes employers because employers are not a “covered entity.” Student athletes are not employees (a whole separate battle).

“Covered entities” are defined in the HIPAA rules as (1) health plans, (2) health care clearinghouses, and (3) health care providers who electronically transmit certain health information. Per the NIH, “Many organizations that use, collect, access, and disclose individually identifiable health information will not be covered entities, and thus, will not have to comply with the Privacy Rule.”

But there is not certainty in the college ranks about how the law may apply — and it may not.

“If there’s something the young man and his family wants to release, that’s up to him.” said Stanford coach David Shaw. “It’s his health. But as far as institutionally talking about a young person’s health, we have HIPAA laws that prohibit that.”

A simplified system noting solely a player’s status as “out” or “doubtful” with no mention of the injury might cure any potential issue, but that’s a half-measure.  This is one for the health lawyers to explore. 

4. Some resistance, gamesmanship, and probable penalties.

injury reporting mike leach

It may just be bluster, but Washington Cougars head football coach Mike Leach said this week he won’t disclose injuries unless forced, and doubts the NCAA will mandate it. “But they might, and if they do, then I’ll try to figure out a way around it.”

Northwestern coach Pat Fitzgerald expressed that as long as the policy is universally enforced, he’s cool with it.

“But if we move forward to where we have to have a fully transparent conference-wide or national one, I’d have no problem with that, as long as we adhere to it. There needs to be accountability. If there’s not accountability to it, then I’ll do whatever I have to do to protect our players, first and foremost, and protect our program second, in full disclosure of transparency.”

There will be a spectrum of coaching cooperation and the NCAA will have to make the boundaries clear.

5. Better and more certain oddsmaking by the sportsbooks.

“College injury reporting is a positive for the sports books and the players,” veteran oddsmaker Robert Walker of USBookmaking told Sports Handle. “The toughest position for a bookmaker is questionable, because depending on the position it literally could mean the difference between posting a line or not.”

Also consider the case of Toledo basketball from 2004 to 2006, which was sniffed out by former Las Vegas Sports Consultants owner Kenny White, who at the time was vice president of data integrity for Don Best. From Todd Dewey in the Las Vegas Review-Journal:

After some of White’s bigger clients at LVSC, an oddsmaking firm, complained in 2005 that his lines on the Mid-American Conference were terrible, he dedicated a person to study the league to sharpen the odds. But the books kept losing on MAC games.

“I went back the previous year or two and started to analyze every team in the league and pinpointed Toledo. That was the one team where the bettors were never wrong,” White said. “When they bet on them and the line moved with them, Toledo covered easily. When they bet against them, they had no shot to win.

“I reported it to the NCAA. I said, ‘I think there’s point shaving and game fixing going on with Toledo.’ They said, ‘That’s a pretty bold claim. We’ll get back to you.’”

“I almost fell off my stool,” White said. “The NCAA called me the next day and said, ‘You’re smarter than we are. You’re hired. We want you to monitor all our conferences.’”

This example isn’t exactly related to injuries or injury reporting, but illustrates the need for more information so bookmakers can hang a line that’s consistent with reality. This instance also buttresses the argument in favor of legal sports betting, period. There will be more eyeballs on everything and every conference. Further, this highlights the benefit of cooperation between leagues and operators. That relationship should not be adversarial, as some coaches seem to view it.

6. Happier bettors.

As an extension of the previous note, more and better information for the books means more games for the patrons to bet on. For one, bookmakers won’t have to back off the MAC.

“I’m not sure how it would impact betting limits as those are generally biased towards your customer base, but it surely won’t hurt,” Walker said.

Also, bettors won’t get blindsided by unknown injuries either, namely after backing a certain team and finding out a key player is sidelined.

7. Happier coaches.

Ohio State head coach Urban Meyer and Jim Harbaugh are known guard information about players’ health statuses. Can’t blame ‘em. They haven’t been required to disclose anything, so why would they help an opposing team game plan?

In a world with mandated injury reporting, coaches won’t get surprised on game day with schemes they haven’t seen on tape resulting from injury-forced personnel changes.

They’ll all have to disclose information but it’s a change that coaches most likely would welcome, and would help keep their blood pressure down a notch.

8. Media access to practice might change.

A change to injury reporting requirements could get to a system where a certain amount of time at practice is required to be open to the media, so they can report who participated in practice and who worked with the starters, and who worked with the backups.  

Access right now is on a school-by-school basis, with some practices wide open to media and others closed off. More uniform requirements, perhaps coming from the conference level, could level the playing field a bit. Of course there is the opportunity for teams to manipulate this by holding someone out during media time, but not the rest of practice.

As with everything here, we shall see, but the status of CFB injury reporting? Probable.

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In Pennsylvania the Game of Chicken Around Sports Betting Continues

The post Pennsylvania Sports Betting Game of Chicken Continues appeared first on SportsHandle.

The defending Super Bowl champion Eagles reported to NovaCare Complex, Philadelphia on Wednesday as the NFL season draws closer. Elsewhere, none of Pennsylvania’s eligible sportsbook properties have come to the Pennsylvania Gaming Control Board (PGCB) with an

The post Pennsylvania Sports Betting Game of Chicken Continues appeared first on SportsHandle.

The defending Super Bowl champion Eagles reported to NovaCare Complex, Philadelphia on Wednesday as the NFL season draws closer. Elsewhere, none of Pennsylvania’s eligible sportsbook properties have come to the Pennsylvania Gaming Control Board (PGCB) with an application for a license. The reason, as ever with holdouts, is a financial dispute.

The eventual rollout of Pennsylvania sports betting remains stuck in mud created by the 2017 law (HB 271) permitting sports wagering in the event that the Supreme Court eliminates the federal ban, which occurred on May 14, and has paved the way for New Jersey sports betting and legal sports betting in other neighboring states.

One lawmaker central to Keystone State gaming legislation, Rep. Robert Matzie (D-Beaver County), has remained steadfast in his position that despite the $10 million up-front sports wagering licensure fee and 36 percent tax rate on gross revenue, operators will come to play when kickoff arrives. New Castle News reported this week that Matzie believes that the potential market in Pennsylvania will be too attractive for the 13 potential sports betting licensees to pass up.

Legal Pennsylvania Sports Betting May Not Be Up and Running In Time for Football Season — As Potential Operators Remain On Sideline.

pennsylvania legal sportsbooks mohegan sun poconos
Inside Mohegan Sun Poconos in Clarks Summit, PA

Doug Harbach, director of communications for the Pennsylvania Gaming Control Board (PGCB), confirmed to Sports Handle this week that the board has still not received a single application.

So, Matzie’s theory will soon be put to the test. Matzie did not respond to Sports Handle’s request for comment for this story.

In a June letter in response to PGCB’s call for comments on the temporary sports betting regulations, Penn National Gaming vice president and general manager Daniel Ihm wrote:

“The $10 million license fee and 36% tax rate established in the Gaming Expansion Legislation are the highest in the world and may make it impossible for a casino operator to make any return on its investment capita. Based on the tax rate and the fact that, on average, 95 percent of sports wagers are returned to winning bettors, PNG estimates it could lose approximately 40 cents on every $100 wagered on sporting events.”

Dan Shapiro, vice president of business development of William Hill US, which is now operating three of the four sportsbooks so far opened in New Jersey, said last week: “With a 36 percent tax and a $10 million license fee, there are other states that are more interesting to us. It’s just not something we’re looking at seriously right now.”

Other potential PA sports betting operators include brands with national footprints, such as Caesars (Harrah’s Philadelphia) and Eldorado Resorts (Presque Isle Downs & Casino). Caesars has applied for licenses in both New Jersey and Mississippi.

The National Football League has agreed with the above sentiments, as indicated in their written statement to the PGCB, in which it writes that the costs may “render legal market participants unable to effectively compete with the illegal market,” and suggests lawmakers “reconsider laws and regulations that could have unintended consequences of advancing illegal sports betting.”

The Pennsylvania legislature remains open until November 30.

How Many Chickens Will Try to Get to the Other Side?

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According to New Castle News, Matzie said that with the potential market in Pennsylvania, there will be too much pressure for casinos not to jump in and start offering sports betting, whether they like the tax rate or not.

But $10 million off the bat is a large hole to dig out of, never mind the 36 percent tax rate.

Compare Nevada numbers from last year where sportsbooks operated at about 190 locations, some much bigger than others and some accomplishing a higher win rate than others. In a mature market with experienced bookmakers, Nevada books collected a record win of $249 million.

For a simple example, let’s call it $200M at 100 sportsbooks. That would be on average $2 million for the year at each location in an artificially inflated example. And that’s at a 6.75% Nevada state tax rate on gross revenue. Even before quintupling that rate and without inflating the numbers (an impossibility), you’re looking at least five years before they could climb out of the initial licensure fee. (And then there’s a $250,000 renewal fee in Year 5).

And if they attempt to dig out more quickly? It’s likely Joe Consumer would get hosed with 30 cent lines or worse — lots of incentive to remain in the black market.

It seems that Matzie’s assumption is that if one potential licensee moves, they all will. Instead, why wouldn’t the casinos let one competitor go ahead let its property absorb blow, and let it the serve as the example of misguided legislation, taxes and fees?

Complete Regulations Coming.

pa legal sports betting mt airy casino
Mt. Airy Casino in the Poconos

Harbach said that he’s not aware of conversations about the currently constituted structure between stakeholders and the legislature, outside of the letters the board has received.

“We don’t legislate, we regulate,” Harbach has said.  “Our job is to put together the regulations and let the chips fall where they may.”

“I’ve said all along that the target was the start of the football season,” Matzie told New Castle. Elsewhere, he told the Pittsburgh Post-Gazette, “I think they will all participate and would be shocked if they didn’t.” 

Harbach said that the state’s fleshed-out temporary regulations (as in West Virginia and New Jersey) to direct sports wagering operations are expected to come on August 15, when the board meets next. That’s one day before the second Eagles preseason game — against the New England Patriots — the Eagles’ foe and victim in Super Bowl LII, of course.

Like the Patriots in February, our bet is that Matzie is in for a surprise.

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In-Game Sports Betting Strategy: A Veteran Sports Bettor’s Observations And Tips

The post In-Game Sports Betting Strategy: A Veteran Sports Bettor’s Observations And Tips appeared first on SportsHandle.

He’s a professional sports bettor and handicapper and a well-known name on Sports Betting Twitter. He appears as a guest on VSiN and on one of our favorite sports betting podcasts,

The post In-Game Sports Betting Strategy: A Veteran Sports Bettor’s Observations And Tips appeared first on SportsHandle.

He’s a professional sports bettor and handicapper and a well-known name on Sports Betting Twitter. He appears as a guest on VSiN and on one of our favorite sports betting podcasts, Bang the Book. Reynolds is also a contributor to The Action Network and the Las Vegas Review-Journal. (You can follow him @WesReynolds1).

Reynolds was generous with his time in a recent conversation with Sports Handle about in-game or live sports betting, which is popular in Europe and is becoming increasingly popular here in the U.S.

He offers insights here about in-game NFL betting with examples in baseball, too. We hope you enjoy and learn a thing or two. (This interview has been lightly edited for clarity and brevity.)

In-Play Sports Betting Strategy: Live Wagering on NFL, Baseball, Developing Good Habits and Beyond

Sports Handle (SH): All right, in-game wagering, something you’ve come to avoid or embrace?

Wes Reynolds (WR): I’ve really come to embrace it, and as time goes on probably will embrace it more because in terms of betting, especially with football and basketball where you are trying to beat the 11 to 10 (-110), it’s harder to do nowadays. There’s not as many line discrepancies.

But, the books don’t necessarily have the edge on the players anymore in terms of getting information. A wise veteran once told me, you don’t have to bet every game, but the books have to put a line on every game, and now you can bet in-game, too.

SH: Can you give an example using totals of a good approach to in-game betting?

WR: Say you’re looking at a game and think that ‘this total is too high even with two high-scoring teams playing’. Certain bettors are going to say, ‘Oh you got two high scoring teams. It’s going to be a shootout.’ So they’re going to immediately bet the over when the lines come out, and you’ve got sharper bettors who are going to try to take a position on that total, knowing that people are going to bet it.

You can bet it and come back on the other side, or wait for a play in-game. For example, let’s say it’s the Patriots and the Saints. The total’s at 56 or 57. Suppose both teams score on their first drive. So it’s 7-7, nine or ten minutes into the first quarter. Well, obviously that total is going to increase. Both these teams march down the field so now the in-game total might end up being 59.5 or 60 or something like that.

in-game sports betting high scoring totals strategy

In-game options gives you a chance to maybe narrow down your card and wait for better numbers after the game’s started, because usually it’s public bettors are doing live betting. They’re going to bet on what they’ve just seen, just like in pregame wagering they would what they’ve seen last week. When it’s 7-7 several minutes in the game, well they’re going to be like, ‘Aw man, I better get in on this over. This is going to soar way over.’ And maybe sometimes they’re right.

But other guys are looking to say, ‘Okay how can I get to the under here?’ Because people are going to bet that number up enough that some guys might not have been interested in the pregame number, but that may change after kickoff. I’m getting however many points more than the original number was on the game. So some of those guys too might even have a position on the game already and that gives them chance to work a middle.

SH: One thing you touched is that basically all the lines have tightened. Have you noticed with pricing on in-game wagering, is there more differentiation to potentially exploit, due to the speed of things?

WR: There’s a little bit of differentiation when you look sometimes. I’ll use baseball for example, maybe one shop will have an in-game total of 7.5 juiced to the over. And then another might have 8 with it juiced to the under. There’s a little bit of differentiation and they’re going on the action they’re getting, plus what the other [books] are doing. I think the sharp books on pregame or halftime-type wagering are also going to be the sharp books on in-game wagering. More often than not.

SH: What are some in-play football bets, generally speaking, you’ve found yourself gravitating toward?

WR: If I like an underdog, getting 7 for example, and then all of a sudden they go down 7 points. Maybe the other team started with the ball, or maybe the dog turned it over or there was defensive touchdown on the other side.

in-game nfl betting strategy online sports betting

Well I may not have taken the 7 pregame, but now I can take maybe 9.5  half or 10 on this team. Those are things I’m looking to do because you look to try to middle it, and you use that for little different edges and that’s the thing about betting nowadays is you’ve got a full menu. You’ve got live betting, you’ve got quarter wagering.

And the one I mentioned earlier when you have a total and the both teams score on their first drives where it’s like, ‘Oh man the defenses aren’t going to stop anybody.’ I’ve seen it so many times where it’s a high total and then it’s 7-7 right away, and then the scoring gradually will slow. Or it’ll be a real high score in the first half and then it’ll be 10-3 in the second half. Those are ones I like to bet.

SH: To what extent does coaching or the head coaches factor into this equation for you?

WR:  I think you have to look at that. And you have to look at the circumstances of the game, whether you’re watching live or you’re following it online or something. How did they score the touchdown? Did they march right down the field or did they get a 40- or 50 yard pass interference penalty to help them move out. You have to put all that stuff into context.

And that’s the thing is I wish I was more of a academic type math guy that some of these sports bettors are, who can deal with all these algorithms and probabilities, and I wish I was more like that, but I’m not. I’m more of an instinct guy and I look at the process. I don’t just look at the number ’cause I think it makes a very big difference if a team gets an 80 -yard drive and 30 or 40 yards of it are off some BS pass interference penalty, rather than, ‘Okay they’re just marching down the field gaining yards every play.’ Eight yard game here, then they run the ball for 5 yards. Fifteen yards pass over the middle.

SH: Do you have some general advice for newcomers to in-game/live betting?

WR: Don’t necessarily go off what you saw last because you’re going to be paying a premium anyway. They’re obviously baking that into the line. Maybe stick to limited amount of games. Focus on sides or totals and looking at what your opinion was; always write down what your opinions are on games.

Let’s take the NFL for example. Write down the opener on a sheet in notebook or if you want to type in a Excel spreadsheet, what was the opening line and what was the closer on Sunday? And take that into account when you’re doing in-play betting where it’s like, ‘Well this total opened 37.5 and now it’s closing at 41 on Sunday.’ So obviously they’ve had to have taken some action on the over.

And then now, if you have an in-play line that’s substantially higher than that, you’re looking to try to get line value. Keep mental notes and you can find winners when you see where these lines have opened and then were they’ve closed.

[Also See: 6 of the Most Common Beginner Sport Bettor Mistakes]

Because sportsbooks are going to use those as their guide in terms of what they’re going to offer on a live betting menu, in terms of overexposing themselves on a game if they’re really exposed on a side, or really exposed on a total. They’re either going to really trust their opinion or they’re going to want to get out and limit liability, which is more often than not. They want to limit liability as much as they can. So always keep that in mind.

SH: We talked about changes in the spread and totals in-game, based on circumstances early, a little bit on quarters. Do you go deeper on in-game opportunities and look at discrete drives or plays? Basically props in-play, for example, will Le’Veon Bell catch a pass on this drive?

WR: If you really have an edge then you should bet it. You’ve got to trust your instincts, but I got to tell you, I don’t have time to get into as many of those prop markets as I would like to. Obviously people do them for the Super Bowl because it’s the Super Bowl.

But you got a full menu in terms of betting and I think if you’re new to it you don’t want to get into these advanced things until you learn how the basic stuff works. We all have good runs and we all have terrible runs, where it’s like, ‘Man what am I not seeing, where you’re going with the traditional spread or over, under markets or moneylines. Do I need to maybe look at something different? Do I maybe need to look at the first quarter?’

SH: Sounds like you might have a bit more friendly advice.

WR: I think you also want to be unpredictable as a bettor… don’t be a guy necessarily that always thinks the sharp plays are always the dogs and the unders. More often than not would I say I play more dogs and unders than I do favorites and overs, but it’s not that big of a difference.

You want to be unpredictable where it’s like, I’m not always going to take that position in this situation. I’m not going to be just a certain type of player. And it’s the same thing with people that are favorite players. Don’t always play the favorites. You got to read between the lines. I think reading the market is so important. Do not necessarily listen to when people say, ‘Okay the wise guys are on these plays and the public are on these plays.’

Really look for yourself, look at the market, look and see if you’re getting a tell within the market and ask yourself a question. You can even do it out loud where it’s like, ‘Why do they have it at this number and this book has it at this number?’ And there’s any number of reasons it could be. Maybe a book caters to more public bettors and pumps the favorites or maybe they have a different exposure at book A versus what they will have at book B.

SH: To finish up, can you talk a bit more about market and line movement?

WR: There’s any number of reasons books move lines, so don’t just always look at the line move and assume it’s the bettors causing that line to move. Bookmakers can take down and put up lines whenever they want.

So sometimes it’s not a player’s action moving the lines, it’s a bookmaker that’s moving the line. And it could be totally artificial. That’s a thing too about reading the market that you always try to learn. It takes a lifetime to master I guess, to look and see, ‘Okay why did that line move? Did somebody really come in heavy on this side or are they just moving it to get out ahead of people?’

That’s in a way of what I do and that’s why I think the live betting provides a good thing. But a lot of it is timing. Go back to the example where the two teams score right away… some are going to bet the over but maybe I don’t want to go right away and bet the under. Maybe instead of betting that under at 59.5, all of the sudden they move that thing to 60. Now I want to bet it. I like it at this number but not at this number. It’s a waiting game — sometimes you’ll miss an opportunity and sometimes you’ll get an opportunity.

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What Sports Bettors Need To Know About Football Handicapping Contests

The post What Sports Bettors Need To Know About Football Handicapping Contests appeared first on SportsHandle.

One of the major drivers of sports betting handle in Nevada has been football handicapping contests. In Part One, we presented a history of this under-appreciated foundation of football wagering.

Such contests

The post What Sports Bettors Need To Know About Football Handicapping Contests appeared first on SportsHandle.

One of the major drivers of sports betting handle in Nevada has been football handicapping contests. In Part One, we presented a history of this under-appreciated foundation of football wagering.

Such contests helped grow sports wagering’s popularity in the Silver State and will likely be offered to attract bettors in emerging legal sports betting markets nationwide.

But before you enter such a contest, there are some keys worth considering in the pursuit of a big prize — and the pride of winning such a contest.

NFL Lines Pick ‘Em Contests: Finding the Contest That Works For You

nfl lines pick em contests sports betting

When considering entering a football contest, keep in mind that a high entry fee translates to fewer entrants, but a bigger cash payout to those who pick the most winners. These contests usually require entrants to pick against the spread. A win percentage above 60 percent is often enough to win lower-entry affairs. They usually only include NFL games on Sunday and Monday night. If you prefer to bet college games, they are not a part of most contests because of the more volatile point spreads in the college game, compared to the pros.

Part of the appeal of any contest is that it appears easier to pick winners than it really is. Big-money contests are a serious handicapping challenge, even for the best in the business. A casual player in any contest must always consider the competition. If you risk $1,000 or more to enter, you are likely to be facing off against the best-of-the-best.

Can You Really Beat Them?

These professional or semi-professional football bettors do their homework, watch All-22 films, and consider the market and their selections carefully. They often have multiple entries and if their pockets are deep enough, will utilize friends and family members to add even more.

With a lone entry, it’s a major accomplishment to win because players with multiple entries or syndicates can isolate the best plays and then “dutch” — the term for playing both sides of a game — thereby increasing their chances of picking more winners than you can on one or two entries.

[Also See: Breaking Down The Westgate Las Vegas SuperContest Winner’s Picks]

It takes skill and a bit of luck to win a big-money, high-entry fee contest($1,500) such as the Las Vegas Westgate’s SuperContest, which paid $1.3 million to first place winner in 2017, in a field of 2,748. Entrants in the Westgate’s SuperContest Gold ponied up $5,000 apiece in the winner-take all tournament. If you are relying on luck alone, the others may have you a major disadvantage.

Playing a “No-Spread” Contest

The more casual player may want to look for a no-spread football contest with a smaller entry fee, such as one in which buying four entries gets you a fifth one free. In such contests you just need to pick winners, never mind the spread.

Now, you may be able to play both sides of evenly matched teams just like the pros do. However, now your problem becomes the sheer number of entrants you have to beat.  The lower-cost, no-spread contests in a major casino/resort may boast more than 100,000 entries. Many entrants will pick only the favorites. Such contests typically offer weekly prizes that get divided between hundreds of winners, and can result in a pocket change reward.

Being the sole weekly winner in any weekly subset of a no-spread contest is very rare and can only happen when numerous underdogs win outright. If you pick too many underdogs during a week when favorites win, you seriously undermine your chances for a significant year-end prize. The spreads exist for a reason. Then again, if you zig when others zag and the underdogs string together a good week or a season, you stand to climb the standings and fetch a real prize while others blindly back the favorites. 

For all of these reasons, a no-spread contest should be generally regarded as entertainment with the idea of taking any serious cash home only a by-product of the fun. Such contests are enjoyable because they make the games more interesting. You can win. Just don’t count on it.

Bar Cards at your Neighborhood Tavern

 

A third kind of contest exists at some local bars or restaurants and is usually completely free. These established may offer a big prize, perhaps as much as $10,000, for perfect card. That might mean getting 16-of-16 games against the spread, perhaps more using totals. The Monday night game total is often used on a “bar contest card” as a tie-breaker, but usually totals are not part of the higher-end or mass-market competitions.

Your local bar may offer smaller prizes and swag to the customer who picks the most winners each week, but usually these are weekly contests, with no year-end prize for the most winners. Again, these kinds of contests are used to get customers to come back and reward those that do. If you can determine how many entrants a contest has, you can better determine if it’s worth your time to enter.

These contests generally have fewer entrants and although the grand prize for a perfect card is almost never awarded, they can still make watching the games more enjoyable. Many regard sports betting as a social activity and contests can make a few hours watching the games with friends at a local pub more fun than ever.

Final Thoughts

nfl lines pick em contests sports betting parlay cards

Many of the contests that will spring up near you will be played using a kiosk. For better or worse, the mass appeal, low-entry fee or free competitions are now largely marketing tools to get you to come back to the casino again and again. That sportsbook near you wants your physical address and e-mail address so they can advertise to you. They may even sell that information to a third party. These kinds of contest almost always require a visit to the book and are not available online.

An internet-only contest, and there are many out there, will have so many entrants your chances of winning are greatly diminished. Again, your e-mail address is required, so get ready to get bombarded by offers for all manner of products and services.

Many contests use the Monday night total as a tie-breaker, so it’s important to spend a few moments making this selection. It can be the difference between a little cash and a lot.

Be sure and read the rules and all the fine print. You might be required to do some publicity and have your picture taken if you win and, be advised, your winnings are taxable income. That can influence your relationship with Uncle Sam in many ways including your Medicare payments and other government programs.

Stay away from the big-money events unless you are a serious bettor. Enjoy the mass-market contests for the pleasure. Don’t expect to get rich.

However, someone always wins and it could be you.


Robert H. Mann, a 31-year resident of Las Vegas, is the industry writer and columnist for Gaming Today newspaper and GamingToday.com. His opinions are his own and may not reflect those of Sports Handle.

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Meadowlands’ FanDuel Sportsbook Draws $3.5M Handle in Short Order

The post Meadowlands’ FanDuel Sportsbook Draws $3.5M Handle in Short Order appeared first on SportsHandle.

The FanDuel Sportsbook retail shop located at Meadowlands Racetrack in East Rutherford, New Jersey, yielded nearly $3.5 million in total wagers in just two weekends and one week since its July 14 opening, according to

The post Meadowlands’ FanDuel Sportsbook Draws $3.5M Handle in Short Order appeared first on SportsHandle.

The FanDuel Sportsbook retail shop located at Meadowlands Racetrack in East Rutherford, New Jersey, yielded nearly $3.5 million in total wagers in just two weekends and one week since its July 14 opening, according to an Associated Press report. FanDuel officials confirmed the number to Sports Handle.

The New Jersey sportsbook’s opening marked a couple milestones, the first being the inaugural physical location for the DFS-focused operator FanDuel, its acquisition by Ireland-based bookmaker Paddy Power Betfair (PPB) now completed. A second FanDuel sportsbook is coming in August at the Greenbrier Resort in West Virginia.

The second big milestone was the launch of a sportsbook in an NFL team’s home state, better yet literally in its backyard. The Meadowlands Sports Complex is also home to MetLife Stadium, home field of the New York Giants, New York Jets and the Giants practice facility as well, the Quest Diagnostics Training Center. But the auspicious launch from a handle perspective did not escape without some controversy.

FanDuel Sportsbook at Meadowlands Boasts Happy Handle After Nine Days In Business, Bodes Well for Football Season.

 

The backlash stemmed from FanDuel Sportsbook’s opening day pricing. A number of the baseball games on the July 14 menu were offered at 35-cent lines, in the range of surprising and absurd. Industry standard, at least in Nevada, is about 15- or 10-cent lines on baseball. For example, -140 on the favorite and +130 on the underdog.

Per ESPN Chalk’s David Purdum two days after launch, “Bettors should expect more traditional pricing moving forward at the new FanDuel sportsbook at the Meadowlands, where over $1 million was wagered over the weekend.”

Not a good break out of the gate, but it will be forgotten by most come September when the book remains wonderfully situated just eight miles from Midtown Manhattan. By that time the mobile platform will be available, as well, with FanDuel’s built-in clientele set to be activated and other market players having to start from scratch.

Incidentally $3.5M is on par with the first month of sportsbook revenue (rather, 17 days) by the three then-operational NJ sportsbooks in June, which included the William Hill sportsbook at Monmouth Park and the Borgata Race & Sports Book in Atlantic City. Ocean Resort had its book open three days to end June. Keep in mind, the New Jersey sports betting revenue numbers will include future wagers and to-be-decided props at the time of the bets, with winning tickets to be deducted at the time of redemption.

Company Coming.

Last week the New Jersey Division of Gaming Enforcement (DGE) accepted new sports wagering certificate applications from properties including Resorts Casinos, all Caesars Entertainment casinos (Harrah’s, Bally’s, Caesars) and the Golden Nugget.

The Harrah’s sportsbook is already under construction. Resorts, which has partnered with SB Tech and DraftKings, probably isn’t far behind. There may be as many as eight or nine sportsbooks live by football season and several of them with live mobile applications that will only increase handle and revenue.

It remains to be seen how much of that $3.5 million handle for Meadowlands falls into the “win” column, but it’s an auspicious start with a lesson learned during a period of relative calm, as far as the sports betting calendar goes.

On a Tour-de-Atlantic City sportsbooks and casino floors this past weekend, Sports Handle observed pretty full houses at Harrah’s, Tropicana, Borgata (the sportsbook and floor) and Ocean Resort. Likewise at the FanDuel Sportsbook on Sunday at noon, where more teller windows would have helped some deep lines.  

“I’m surprised how crowded it is here with the Hard Rock just opening,” a Harrah’s blackjack dealer said around 11 p.m. on Saturday night. “The Hard Rock looks nice. It is not the Taj Mahal [the space that Hard Rock now occupies].”

The Hard Rock Atlantic City is getting on the sports betting wagon, too, with some kind of partnership with the U.K.-based bet365 in the works.

A rising tide appears to be lifting all boats, with waves coming courtesy sports betting and some fresh starts.

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Get a Grip: Week in Sports Betting and Sports: New Jersey, DraftKings Sportsbook

The post Get a Grip: Week in Sports Betting and Sports: New Jersey, DraftKings Sportsbook appeared first on SportsHandle.

It’s information overload everywhere, and there’s not time enough to sleep and eat and stay fully apprised of what’s happening on this crazy blue dot of ours (two out of three ain’t

The post Get a Grip: Week in Sports Betting and Sports: New Jersey, DraftKings Sportsbook appeared first on SportsHandle.

It’s information overload everywhere, and there’s not time enough to sleep and eat and stay fully apprised of what’s happening on this crazy blue dot of ours (two out of three ain’t bad).

Here’s the weekend Sports Handle item, “Get a Grip,” rounding up top stories in legal sports betting and gaming, and the world of sports at large. You may have missed them, and they are worth reading. This is meant to be brief, so that’s it.

New Jersey Sports Betting Population Will Be Increasing; DraftKings Sportsbook to Enter NY Sports Betting Picture

harrahs new jersey sports betting sportsbook coming

With state legislatures on break for the summer (and most already adjourned), things have been less frenetic recently in the legal sports betting world. New Jersey sports betting remains front-and-center as the licensure process continues.

The above-the-fold headline of the week probably is that story: Another wave of casinos apply to join the New Jersey sports betting picture. This came after the potential licensee casinos got a kick in the rear from Division of Gaming Enforcement and director David Rebuck — who said that if they didn’t submit applications for a sports wagering certificate soon, they might not gain approval before football season.

So the casinos quickened their pace and the DGE received applications on Monday from the Golden Nugget for retail and mobile/web-platform wagering; from Caesars Entertainment for its properties Harrah’s and Bally’s for both retail and online operations and Caesars for online; also among the group pushing in their application (of which one is not yet identified, perhaps it’s Hard Rock Atlantic City) was Resorts , which previously partnered with SB Tech and DraftKings and will use some combination of those two entities for its retail and online offerings.

Speaking of DraftKings, the DFS-turned-sportsbook operator landed a deal with del Lago Resort & Casino in New York’s upstate Finger Lakes region. The property has struggled since launching in February 2017, so when NY lawmakers get around the legalizing sports wagering, which we guesstimate will occur in March 2019, sports betting will be a needed shot in the arm.

The partnership is a boon to DraftKings given the sheer size of the opportunity and legislation expected to open up the entire state to competition online, without a foolish in-person registration requirement in a state that’s sparsely populated by casinos. The open competition will be a win for New York patrons, too.

And of course, as in New Jersey where only casinos and racetracks are eligible for licenses at this point — in all likelihood the requirement will be the same in New York — establishing this relationship now was good move. Same as what FanDuel/Paddy Power Betfair accomplished by hooking up with New York racetrack Tioga Downs Casino Resort and racetrack, which is owned by Jeff Gural, who also owns Meadowlands Racetrack in East Rutherford, N.J., which just launched its retail FanDuel Sportsbook last Saturday.

The Other Most Important Stories of the Week in Sports Betting and U.S. Gaming

nj sports betting monmouth park sportsbook line shopping

THE MARKETPLACE: Meadowlands vs. Monmouth Park: It Pays to Shop Around [NJ OG]

MARCH MADNESS: Untold story of the craziest semi-legal NCAA tournament gambling contest ever [Penn Live]

PARTNERSHIPS: FanDuel Group teaming with GAN for casino and sports betting software in NJ [Biz Wire]

SAGA CONTINUES: Pennsylvania sports betting taxes so high legal bookmakers may shun state [Philly]

MIDWEST: Iowa regulators gear up for possible Iowa sports betting in ‘19 [Radio]

PROBABLE: Both SEC and Big 12 commissioners see injury reports as an inevitability [CBS]

HEY HEY VA: General Assembly could see efforts to allow sports gambling, official says [Pilot]

READY, SET, WAIT: Mississippi sports betting not quite ready yet [Advocate]


Stories of Note in the Wider World of Sports and Kinda Sports.

EXPLOITATION: Four reasons taxpayers should never subsidize stadiums [Bloomberg]

REINVENTIONS: Ranking the 15 talents to most successfully leave ESPN since 2000 [TBL]

NOSTALGIA: For one last night, make it a Blockbuster night [Ringer]

DEBACLE: NFL, players agree to temporarily halt enforcement of anthem protest rules [NPR]


Quote of the Week:

Philadelphia Eagles lineman Jason Kelce on the difference between the Vikings’ and Patriots’ defenses during their Super Bowl run:

“The last defense we had seen was Minnesota’s, and we were like, ‘These dudes have got some players.’ Then we see [the Patriots] and we’re like, ‘These dudes have got some . . . coaches.’ ”


Tweets/Videos of Note:

 

 

ICYMI at Sports Handle:

Players’ Claim of ‘Serious Consequences’ of Sports Betting Is A Hail Mary

MLB Commish Rob Manfred Touts Virtues of Wagering, Addresses Sports Bettings Laws

Football Contests of Old Helped Create Today’s Massive Sports Betting Popularity

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Football Contests of Old Helped Create Today’s Massive Sports Betting Popularity

The post Football Contests of Old Helped Create Today’s Massive Sports Betting Popularity appeared first on SportsHandle.

As US gambling legislation produces new sports betting states and markets for legal sports wagering, more and more prospective bettors will have the long-awaited opportunity to join one or more now-legal “cash

The post Football Contests of Old Helped Create Today’s Massive Sports Betting Popularity appeared first on SportsHandle.

As US gambling legislation produces new sports betting states and markets for legal sports wagering, more and more prospective bettors will have the long-awaited opportunity to join one or more now-legal “cash entry” football betting contests.

Such contests have a rich and vibrant history in the world of sports wagering and continue to occupy a somewhat understated historical position in the massive explosion of sports betting interest and wagering that followed.

Credit for the first high-stakes, football betting contest in Nevada is generally given to the late Julius “Sonny” Reizner, as described by Arne K. Lang in his book “Sports Betting and Bookmaking –An American History, “an affable and impish man in his mid-fifties (in 1978) who appeared in TV ads that captured his personality, bringing the vibe of a good neighbor to an industry in need of facelift.”

NFL Betting Contest Origins and Impact: ‘Friendly Frank’ Popularizes the ‘No Spreads’ Contest

sports betting stories nfl betting contest royal inn history
Courtesy Gaming Today

Also emerging in that year in Las Vegas was a mass-appeal, no-spread football contest called “Friendly Frank’s Pick the Pros” at the Royal Inn and the Barbary Coast, operated at the time by current South Point owners Michael Gaughan and partner Frank Toti. The entry fee ran $100 with a cash prize of $25,000 for the entrant picking the most winners over the course of the NFL season. The entrant who picked the fewest number of winners received $5,000.

Forty years later, many elements of Reizner’s contest are an integral part of the Westgate Las Vegas SuperContest, and the Gaughan/Toti concepts are still in play at most of the Boyd Gaming casino/resorts in Las Vegas.

Reizner, almost always nattily attired in a sport coat and tie, ran the hole-in-the-wall book at The Castaways, one of the early hotels in Las Vegas. The Castaways, along with the Stardust and the Union Plaza, casinos marked the beginning of the migration of the standalone sports and racebook into mainstream Las Vegas, with designated spaces inside prominent hotel/casinos on the Strip and Downtown.

Strictly confined to NFL games, Reizner’s brainchild wasn’t inexpensive to enter: $1,000 when it began in 1978, with a prize fund growing each year. The first year of Castaways’ event, the winner was Gary Austin who defeated 55 others and who took home $42,000 and the title “Castaways World Champion of Pro Football Handicapper.” (I invite you to read up about the controversial Austin at your leisure.)

Eight years later, in 1986, $137,000 was up for grabs in the contest and in 1987, The Castaways advertised a $250,000 prize pool. Known and trademarked as the “Pro-Football Handicap,” the contest was a promotional home run for Castaways and Reizner in particular and sport betting in general.

Reizner gave out extra money for early entrants who won and even ran a preseason contest with a $50.00 entry fee at The Silver Slipper, a sister property through which he promoted his Castaways’ event.

Legacy of The Castaways’ Contest

nfl betting contest live odds castaways contests legacy
Courtesy Gaming Today

The Castaways was shuttered in July 1987 and demolished soon after to make way for the construction of The Mirage, which opened in 1989, on the prime Strip frontage. Despite The Castaways’ rich history — it was once owned by Howard Hughes — most remember it for the pioneering football contest conceived by Reizner.

The high price to enter The Castaways contest ($1,000) was significant and it utilized a point spread. The robust entry fee and big-buck prize pool made sure only the serious players took part. However, the ancillary benefit came when Reizner would post the various plays and consensus plays of the entrants for the public to see.

There was great interest in the plays of entrants like professional gamblers Lem Banker, Jim Feist and Austin. Both serious and casual players would come to the book when the plays were posted to see what games Banker, Feist and the others liked on Sunday and would then go to the windows to bet many of the NFL teams the entrants endorsed.

The significance of the contest can be viewed on a number of levels. It increased interest in betting, it created foot traffic for the casino and it served as the forerunner Westgate’s Supercontest (formerly known as the Hilton SuperContest and the LVH SuperContest), in which the 2017 winner took home $1.3 million.

[Also See: Breaking Down The 2017 Westgate Las Vegas SuperContest Winner’s Picks]

Just like football coaches, if a scheme works, others will play copycat. Nearly every other Nevada sportsbook took a page from Castaways and Reziner’s contest and Gaughan’s, including Caesars Palace, The Imperial Palace, Circus Circus and its other outlets including the Excalibur. In Reno, the Cal-Neva as well as other sportsbooks gave Northern Nevadans a chance to get in on what was becoming a highly competitive segment of the sports betting business. Entry fees varied and so did the rules. Some had point spreads, others did not.

Local taverns also began contests, offering up cash and prizes to customers who picked the most winners each week. A perfect card against the point spread and including some totals, especially on the Monday night game could net a participant $10,000. Newly opened casinos in Mississippi in the 1990’s also began contests, and just like the local taverns, entry was free to avoid any problem with state regulators. A contest was also offered at least one Trump property in Atlantic City. Because it was free to enter, as were contests at Nevada taverns, it was not illegal.

Making Contests Bigger and Better

nfl betting contests pick em contests nfl odds
Courtesy Gaming Today

Over the years, some sportsbooks targeted casual players by lowering the entry fee and guaranteeing a bigger prize pool that offered bigger money for weekly winners, as well as total regular season handicapping performance. Gaughan and Toti opened up the football contest for everyone by gradually reducing their initial $100 entry fee and emphasizing that no point spread was used. Now, even the most casual player could get involved and dream about the “Pick the Pro’s” big cash awards, if you were the lone weekly winner or if you had the most wins at the end of the season.

Entrants soon found out that even without the point spread, picking NFL winners is infinitely more difficult than it appears.

When Gaughan sold the Royal Inn, his hugely popular contest moved to the Barbary Coast on the Las Vegas Strip and as Gaughan and Toti’s Coast Casinos expanded to include the Gold Coast, Suncoast and The Orleans, this contest and the one offered by Station Casinos became a bonanza for the weekly and season-long winners as well as for the casinos because of the high player traffic they generated.

Local Las Vegans saw contest hysteria ramping up throughout the 1980’s and beyond as the all the major local-centric operators, which included Boyd Gaming, as well as Stations Casinos and Coast Casinos, targeted residents through these contests.

All of the properties gearing their marketing towards locals rewarded the best handicappers with multiple entries costing less money with a chance to win as much as $25,000 in a weekly contest as well as a prize in the $100,000 range for the most wins over the course of the regular season. Just one entry in one of these contests could be as low as $25.00 for the entire season. Often, if a player bought four, they received a fifth one free.

In the 1990’s it was not uncommon at a Station, Coast Casino (before its merger with Boyd) or a Boyd property to have long lines late on Friday night as the bowling leagues wrapped up for the evening and the bowlers would adjourn to the sportsbook to put in their selections.

The contest concept spread to free contests for employees at many casino/resorts and was used as a team-building incentive and further helped plant the seeds for today’s massive sports betting handle in Nevada.

The season-ending prize was based on total wins, thus requiring entrants to visit the casino each week to enter. If you missed a week, it was impossible to win the big, year-end prize because a “no play” was considered a loss.

Stations took the contest idea to a new level with cash prizes for the player(s) with the most losses and those who came closest to having half correct and half wrong, calling it “Fiddle in the Middle.” Stations for several years offered a free house option as first prize for the most winners, if the winner wanted that instead of the cash. That’s right, you won an actual house if you wanted that instead of the cash.

Syndicates created teams of entrants coaxing friends and relatives to enter and would submit hundreds and even thousands of entries each week, a practice technically against the rules, but impossible to enforce.

Today, contests remain in vogue in and around Las Vegas. Participants usually are required to use a kiosk to make their bets, thus making syndicate action a little less significant. However, just as when they were conceived forty years ago, it takes more than a little luck to win.

The Westgate’s SuperContest even promotes the option of proxy play, in which an entrant can designate a friend or a proxy service to make the plays in place of the registered entrant. Using a proxy allows an entrant to visit Las Vegas to register and then make the selection from another state or country.

If there’s a way to make a contest bigger and better, Las Vegas will think of it.  


Next time in Part II: what you need to know and consider when entering a new “cash entry” football contest where you live.

Robert H. Mann, a 31-year resident of Las Vegas, is the industry writer and columnist for Gaming Today newspaper and GamingToday.com. His opinions are his own and may not reflect those of Sports Handle.

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Examining Brent Musburger’s Expected Return to Broadcast Booth With Raiders

The post Examining Brent Musburger’s Expected Return to Broadcast Booth With Raiders appeared first on SportsHandle.

Brent Musburger is apparently the new radio voice of the Oakland Raiders. However, a spokesperson for the Vegas Stats & Information Network (VSiN) has declined, in an e-mail and telephone conversation with Sports Handle, to

The post Examining Brent Musburger’s Expected Return to Broadcast Booth With Raiders appeared first on SportsHandle.

Brent Musburger is apparently the new radio voice of the Oakland Raiders. However, a spokesperson for the Vegas Stats & Information Network (VSiN) has declined, in an e-mail and telephone conversation with Sports Handle, to confirm or deny their afternoon host and managing editor’s new position.

It’s believed Musburger’s VSiN program, My Guys in the Desertwould continue with the veteran sports personality as host, even if he accepts the new job.

The Las Vegas Review-Journal citing unnamed sources says the 79-year-old Hall-of-Fame broadcaster will replace longtime Raider radio voice Gary Papa. The Raiders are expected to relocate in Las Vegas in time for the 2020 NFL season. A new $1.9 billion stadium for the team near the Las Vegas Strip is currently about 15 percent complete, but is expected to be ready in time for the move.

Legendary Broadcasters Brent Musburger Expected Return to Radio Broadcast Booth With Oakland Raiders, Soon-to-Become Las Vegas Raiders

Industry observers speculate the delay in a formal announcement could be the result of the possibility of the NFL’s need to examine the specifics of Musburger’s deal with the team. In his prominent role at VSiN, Musburger is now a major advocate of the growing business of sports betting.

The NFL has laid out its “core principles” on the expanding enterprise of sports wagering now underway thanks to the U.S. Supreme Court ruling in May, which overturned the federal law essentially banning Nevada-style sports betting in the other 49 states. The league calls for consumer protections, for protections of its intellectual property, and would prefer a federal framework for sports betting, as opposed to regulation by the separate states. The league’s longstanding policy prohibiting players and team employees from wagering on its contests is unlikely to change. 

With respect to Musburger and the NFL Compliance Plan — consider the third and sixth bullets from the document dated January 2018 and signed by Commissioner Roger Goodell:

nfl betting policy gambling sportsbooks rules
Section K of the NFL Compliance Plan

Compass Media Networks has exclusively managed the Oakland Raiders’ radio broadcast rights since 2010. It’s unclear if Musburger would face any restrictions in terms of real or perceived gambling content in his new role or even if he could cross promote or advertise the Raiders’ games on VSiN and the VSiN broadcasts and products, such as its newsletter, during the Raiders’ broadcasts.

VSiN, which began operations in February 2017, is not a gambling site. Its stated mission when founded by Musburger’s brother, Todd Musburger and his son Brian Musburger, is to provide “actionable” information for prospective bettors. It is located at the South Point Hotel Casino Spa in Las Vegas and provides its information via video and voice streaming and over the Sirius/XM satellite radio network.  

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Players’ Claim of ‘Serious Consequences’ of Sports Betting Is A Hail Mary

The post Players’ Claim of ‘Serious Consequences’ of Sports Betting Is A Hail Mary appeared first on SportsHandle.

Professional athletes are hungry for competition and compensation, and they’re now seeing the same thing as leagues, owners and gaming businesses. With an expansion of legal sports wagering taking root in

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Professional athletes are hungry for competition and compensation, and they’re now seeing the same thing as leagues, owners and gaming businesses. With an expansion of legal sports wagering taking root in the U.S., players want a nice piece of the sports betting pie.

But same as the leagues that employ them, players’ unions for the major professional sports organizations are seeking some cut of the revenue based on a faulty, self-serving premise. The leagues, of course, are asking for a direct cut of sports betting revenue based on a claim in two dozen states for a poorly-received request for a sports betting “integrity fee” or “royalty.” Now, the players’ associations are taking the position that legal sports wagering poses a pernicious threat to athletes.

As reported by ESPN’s David Purdum, Casey Schwab, Vice President of Business and Legal Affairs for the National Football League Players Association (NFLPA), said last week of expanded legal wagering: “There are serious consequences, particularly for the athletes. Because of those consequences, the athlete’s voice must be heard, particularly as we contemplate sports betting in the country.”

With The Number of Legal Sports Betting States Set to Increase, Now All of a Sudden Players’ Unions Change Claim ‘Serious Consequences’ Afoot.

nfl sports betting states nflpa claims consequences
NFLPA president and free agent lineman Eric Winston

Per Purdum, Schwab said the unions are concerned foremost with player privacy, data and their public perception — moreso than sports betting monetization opportunities. But now after years of being public figures, of having injury reports an accepted reality and of having reporters in their faces, for the players associations to now get amped up is ridiculous. When it comes down to it, nothing will be changing for the players or players’ unions in a world with expanded legal sports betting.

Wagering on games and specific player events has long existed in the form illegal wagering (a humongous market that will continue to exist), regular fantasy sports and daily fantasy sports. With a legal sports wagering expansion, it’s business as usual for the players. They will not be required to do anything differently. They want a piece of the pie — and naturally they would, business is business —  but their argument is a Hail Mary and Aaron Rodgers isn’t at quarterback.

The argument is an extension of an April joint statement put out on behalf of all four of the major pro sports leagues. They wrote:

“The time has come to address not just who profits from sports gambling, but also the costs. Our unions have been discussing the potential impact of legalized gambling on players’ privacy and publicity rights, the integrity of our games and the volatility on our businesses.”

The unions are making an obvious emotional appeal.

The above “consequences” position boils down to the claim that fantasy sports and bettors already “dehumanize” athletes on social media after games, per NFLPA president Eric Winston, and that expanded legal sports wagering will exacerbate that.

Meanwhile, the widely accepted (and celebrated) reality is that fantasy sports and sports betting has helped explode the popularity of NFL games. There is empirical evidence on this front, and as a consequence, the engagement has helped generate incredible NFL TV contracts that increase every cycle (ditto for the other major U.S. pro leagues).

Numerous players have embraced fantasy sports and encouraged fantasy players to draft them, while some appear on fantasy-focused shows. Former Jaguars running back Maurice Jones-Drew and Chargers tight end Antonio Gates guest starred on FX’s “The League.”

nfl fantasy football sports betting states legal what now

Jones-Drew now co-hosts “NFL Fantasy Live.” And of course, the NFL provides its own platform for fantasy football and a plethora of fantasy sport content. If players truly have a problem with player privacy, data and their public perception, they should take it up with The Shield.

On the legal front, the notion that “publicity rights” would prohibit certain wagers or data usage on has been litigated in federal court in a fantasy sports context. The case reached the United States Court of Appeals for the Eighth Circuit, which found that information from sports contests is part of the public domain, and therefore that MLB team owners and the players’ union could not bar names and stats from being used commercially.

In the sports betting context, unions will try to distinguish wagers such “proposition bets” — for example the number of receptions Antonio Brown would have in a certain game. It’s a losing argument that will provide as much leverage as a single palm against a sled stacked high with 45-pound plates.

What about injury reporting and privacy? First of all, they were created for people wagering on sports. The league freely provides the information and if that’s now objectionable, unions can try to negotiate it away with the leagues. Nevada bettors, bettors in Europe and those wagering in other “offshore” jurisdictions where wagering is legal have been relying on this information for a long time. Why the sudden claims of privacy issues?

The availability of such information is part of being a public figure and a professional athlete. Injury reports are crucial information for fantasy sports, sports wagering, and likewise people who don’t give a damn about either. Before season-ticketing-holding Joe Fan shows up at Heinz Field, he wants to know if Ben Roethlisberger is going to be suiting up.

Players for a long time have accepted that certain health information, even the kind they probably would prefer keep private, is part of the deal. In the past, leagues have disclosed everything from weird injuries (it’s always MLB players, such as the Clint Barmes deer meat incident) to mental illnesses to quasi-health matters like domestic disputes.

Players have long gotten booed off the field for bad performances because they’re just bad performances — not because they failed to go “over” on a reception total or otherwise doom a wager. Everyone is subject from criticism at work. Getting booed is part of the game.

Ultimately, the Claim of “Serious Consequences” Is About Money.

“There needs to be a way for those of us, the players and the owners who create this game, to enjoy some of that revenue,” said NBA Players’ Association executive director Michele Roberts in an interview with ESPN’s Dan Le Batard in March. “We haven’t yet aligned ourselves to the extent we are, but I certainly don’t disagree that’s a conversation worth pursuing.”

And back to the NFL, said Schwab: “I look at the landscape for commercial opportunities, and I don’t see a pot of gold.”

[Also See: Pittsburgh Pirates Take Sports Betting ‘Integrity Fee’ to Whole New Level]

This conversation about sports betting needs to be had between the leagues and players during the next negotiations of their collective bargaining agreements. The NFL CBA discussion is expected already to be  a contentious round of talks with a work stoppage regarded as likely.

The leagues may not find an overflowing pot of sports betting gold, but they are in the process of selling “official data” — player performance data, that is — to sports betting operators. There will be more partnerships and sponsorships to be had, TV contracts will become more valuable and the pie will invariably grow, and player salaries along with it.

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Another Wave of Casinos Apply to Join New Jersey Sports Betting Picture

The post Another Wave of Casinos Apply to Join New Jersey Sports Betting Picture appeared first on SportsHandle.

Wary of getting stuck on the sidelines for football season’s kickoff, five new applications arrived on Monday for a New Jersey sports betting license.

According to the Associated Press, the state’s

The post Another Wave of Casinos Apply to Join New Jersey Sports Betting Picture appeared first on SportsHandle.

Wary of getting stuck on the sidelines for football season’s kickoff, five new applications arrived on Monday for a New Jersey sports betting license.

According to the Associated Press, the state’s Division of Gaming Enforcement (DGE) received two applications for brick-and-mortar licenses and three for mobile sports wagering before a Monday deadline. DGE Director David Rebuck previously announced a deadline in connection with football season to allow state regulators enough time to evaluate applications.

While the DGE did not identify the applicants, CDC Gaming Reports has learned that the applications came from Caesars Entertainment — to offer retail wagering at Harrah’s and Bally’s in Atlantic City. In addition, Ceasars applied for licensed to offer mobile sports wagering at all three of its Atlantic City properties, the other being Caesars Atlantic City, which would be “serviced” by the adjacent Bally’s. The other identified applicant is Golden Nugget, which applied for both retail and mobile wagering.

New Jersey Sports Betting Scene Set to Add Ceasars Entertainment Properties, Golden Nugget Atlantic City, All Looking to Get Up and Running Before Football Season

nj sportsbook at harrahs and other caesars properties for atlantic city new jersey sports betting

The remaining applicants likely came from a pool of Hard Rock Atlantic City (seeking to partner in some way with bet365), Tropicana, Resorts Casino or Freehold Raceway.

“I fully expect that by Aug. 1 we will see additional properties up and running,” Rebuck said.

The application fee for the sports wagering certificate is $100,000 and there’s a five-digit difference in tax rate on sports wagering revenue: revenue derived from in-person wagering is taxed by the state at 8.5 percent while mobile wagering faces a 13 percent tax.

We know a bit about the Golden Nugget’s sports betting plans. Shortly before the Supreme Court struck down the federal law allowing this sports betting land rush, Churchill Downs Incorporated and Golden Nugget Atlantic City announced a partnership to offer sports betting and online gaming markets.

Potential licensees yet to apply will not entirely miss the boat for the college football and NFL seasons: the DGE will just not make any promise to give a rubber stamp before kickoff or any week in particular.

So far in NJ sports betting, Monmouth Park and Ocean Resort Casino have sportsbooks up and running with operations managed by William Hill; also the Borgata, owned and operated by MGM, went live on June 14 like Monmouth Park. And this past Saturday, Meadowlands Racetrack in northern New Jersey cut a ribbon, introducing the first FanDuel Sportsbook.

[Also See: Odds Shift in Race for Operator Dominance in Legal U.S. Sports Betting Market]

Revenue for operators and the state so far has been pretty good. Through just 17 days of operations in June Monmouth and Borgata plus three days at Ocean, the total handle registered $16.4 million with a $3.5M win by the books (on a cash basis that counts futures wagers as revenue at the time of the wager), with $293,000 revenue yielded by the state. The FanDuel Sportsbook at Meadowlands, pricing controversy aside at its debut, saw over $1 million in wagers in its first weekend.

So far no facility has rolled out mobile wagering, but that is expected to happen in the coming days.

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FanDuel Sportsbook Launch is Another Legal Sports Betting Milestone

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The metamorphosis from daily fantasy to sports betting operator became complete on Saturday when the FanDuel Sportsbook launched at Meadowlands Racetrack in East Rutherford, New Jersey, on the same premises as MetLife Stadium,

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The metamorphosis from daily fantasy to sports betting operator became complete on Saturday when the FanDuel Sportsbook launched at Meadowlands Racetrack in East Rutherford, New Jersey, on the same premises as MetLife Stadium, home to the New York Giants and Jets. FanDuel will remain in the DFS business, but this new sports betting opportunity in the U.S. is much bigger with the vast majority of the market yet to be captured.

A nervous excitement pulsed through the recently-remodeled Victory Sports Bar & Club where 10 ticket windows were staffed by employees wearing collared shirts emblazoned with a FanDuel Sportsbook patch. Some of the employees at the New Jersey sportsbook are brand new hires who received about two weeks of intensive training prior to Saturday.

“I was actually able to sleep last night,” Meadowlands Racetrack General Manager Jason Settlemoir said before the facility opened. “The first thing I do in the morning is turn the TV on and I saw ‘FanDuel Sportsbook set to open’ up at Meadowlands Racetrack. When I came in it was everything I envisioned for this part of it, so I’m excited and ready to go.”

FanDuel Sportsbook Launches at Meadowlands Racetrack in East Rutherford, New Jersey On Same Grounds as Giants and Jets’ MetLife Stadium and Only 8 Miles From New York City

Executives and officials on hand for the occasion included Matthew King, appointed CEO of FanDuel in November 2017; also lawmakers Senator M. Teresa Ruiz (D-29th District), Senate President Pro Tempore, and Assembly Member Ralph Caputo (D-28th District), a co-sponsor of the bill that legalized sports wagering in the state.

These, and other officials, offered remarks from a podium at the front of the house about an hour before the sportsbook opened to the public.

“We have a great opportunity here in the State of New Jersey to preserve and create jobs and provide dollars for vital programs that our citizens needs,” Caputo said from the lectern. “This is an economic shot in the arm. And this will be ongoing revenue — not a one shot deal.”

The deal began exactly one month ago on June 14 when Monmouth Park in Oceanport, N.J. became the first sportsbook to open, under the direction of operator William Hill. The MGM-owned Borgata began taking bets shortly thereafter in Atlantic City. Together those two properties (with some help from three days of wagering at Ocean Resort, also operated by William Hill), generated $3.4 million in gross revenue (on a cash basis accounting method). New Jersey collected $293,000 for the state.

This all comes after New Jersey won its Supreme Court case Murphy v NCAA in May against the NCAA and major pro sports leagues. The two parties together had blocked efforts to legalize for a decade under the now-extinct federal law banning sports wagering outside Nevada, the Professional and Amateur Sports Protection Act (PASPA).

“[Legal sports betting] is going to make something that’s been in the shadows and taking place illegally, and make it legal,” said Meadowlands Racetrack Chairman Jeff Gural.

Resources and Training From Paddy Power Betfair, and Their Selection as a Partner

The Meadowland has been preparing for this moment for a while. So has FanDuel, whose acquisition by the powerful Ireland-based bookmaker Paddy Power Betfair (PPB) was completed just this past week.

PPB has been instrumental in preparing the FanDuel Sportsbook for launch but FanDuel serves as the face of the collective operation. The abundance of signage around the property makes that clear. The sportsbook will be undergoing an expansion and remodeling before football season that will increase the number of ticket windows, televisions and more.

“The betting software is good, it’s simple, quick and accurate,” one ticket writer said. “I like it. “ But no doubt there are some jitters. One employee who booked a $500 wager was “almost shaking,” he told a colleague.

“We’re leveraging the entire global resource base,” FanDuel CEO Matt King told Sports Handle, regarding the collaboration between FanDuel and PPB. “We have their expertise helping to build the mobile app. We’re also using their pricing and their risk-management. And what that means for fans is that we’re going to be able to offer more markets, more bet types than really anybody else out there.”

King is mindful that while the U.S. sports betting opportunity is tremendous, the competition for market share will be fierce. FanDuel beat fellow DFS giant DraftKings to the initial punch, but DraftKings is in the game too as they partnered with Resorts Casino in Atlantic City, which is expected to begin operations before football season.

“This is going to be a very competitive market,” King said. “We think that we’re in a great position because The FanDuel Group is the largest online gaming operator by almost a factor of two. And we think that’s an incredibly powerful position when coupled with the resources we have with Paddy Power behind us.”

Speaking of Paddy Power, there are questions around the industry about why U.S.-based sportsbook operators appear to be idling as European companies make inroads in the U.S. market.

“We put out a request for proposals and received seven or eight,” Gural said of their selection of PPB/FanDuel. “Mostly from abroad.” He said the process of choosing their partner, which has now formed the FanDuel Group, took about a month.

Engaging Clients and Fans Online and in Retail.

One patron at the sportsbook came from Philadelphia just to take in the scene. He didn’t realize until he got there that this was a FanDuel sportsbook.

“Oh really?” he asked. “I think it’s good business, especially in this area. You’d think that’s the logical step for [FanDuel]. They kind of made DFS legal, so once legalized, it’s easier for them jump into this.”

“I don’t even know what I’m wagering today,” said his friend, who hails from Garfield, about nine miles north of the Meadowlands in New Jersey. “I just want to see what the similarities are here to Las Vegas, see what the lines are like. I might play some World Cup.”

Another open question is how the leagues will embrace legal sports betting, or create distance from it. The leagues have been pushing for a controversial “integrity fee” or “royalty,” in which they would take a percentage off the top of all wagers booked legally in states that would grant them such a request. But so far no state has imposed such a cost upon its licensed operators.

The FanDuel Sportsbook at the Meadowlands is in a unique position given its proximity to an NFL stadium, MetLife. ESPN’s David Purdum reported that there has been talk about a shuttle between the stadium and the sportsbook.

“We’re deep in the conversation of how this is going to work on a number of fronts,” King said. “We’re looking forward to being great partners in and around the area.”

On the digital front, FanDuel — which has operated exclusively online until Saturday — is close to introducing its online sportsbook product and mobile app.

“We’re weeks away from launching,” King said. “Obviously it’s important we do that with the regulators, so we’ve had people furiously working on it for more than six months, and we’re getting very close.”

Mississippi sports betting and West Virginia sports betting will be next to move. Both states are preparing operators to open up shop before football season. FanDuel also secured a partnership The Greenbrier Resort in West Virginia, which is one the Mountain State’s five licensed properties gearing up.

The U.S sports betting opportunity is vast, and the opportunity and experience in each state and venue will be at least a little bit unique. And ever changing.

“Greenbrier will be a bit different because they don’t have a facility quite like this,” King said. “It will be interesting to see in a lot of casinos that don’t historically have sportsbooks, how we end up outfitting them and what’s the right retail experience. There’s also going to be additional technology like self-service betting terminals that will coming out. So you’re going to see an evolution of our retail format over time.”

Indeed, the evolution has only just begun.

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Get a Grip: Week in Sports Betting and Sports: New Jersey, FanDuel Sportsbook, Ohio

The post Get a Grip: Week in Sports Betting and Sports: New Jersey, FanDuel Sportsbook, Ohio appeared first on SportsHandle.

It’s information overload everywhere, and there’s not time enough to sleep and eat and stay fully apprised of what’s happening on this crazy blue dot of ours (two out of three

The post Get a Grip: Week in Sports Betting and Sports: New Jersey, FanDuel Sportsbook, Ohio appeared first on SportsHandle.

It’s information overload everywhere, and there’s not time enough to sleep and eat and stay fully apprised of what’s happening on this crazy blue dot of ours (two out of three ain’t bad).

Here’s the weekend Sports Handle item, “Get a Grip,” rounding up top stories in sports betting and gaming, and the world of sports at large. You may have missed them, and they are worth reading. This is meant to be brief, so that’s it.

New Jersey Sports Betting Revenue Reports; FanDuel Sportsbook Set to Open at Meadowlands

meadowlands sports betting racetrack new york new jersey

Off the top rope: The results are in for the first month — rather, 17 days — of live NJ sports betting operations. The revenue reports are/will be different than those offered by Nevada regulators. Those reports record profits and losses based on an accrual method of accounting. For sports wagering in New Jersey, we’re looking at a cash method.

The main difference is that bettors’ wagers or “futures” bets, such as on the Super Bowl winner, or on anything not yet decided, gets counted as revenue when wagers are placed. Winning tickets will be deducted in the month in which they are redeemed.

Recall that the William Hill Race & Sportsbook at Monmouth Park in Oceanport took the first wager from Governor Phil Murphy at its June 14 launch (his bet on Germany to win the World Cup is a loser; he also bet on the New Jersey Devils to win the next Stanley Cup). The MGM-owned Borgata Race & Sportsbook within the hotel and spa in Atlantic City, opened up shop later that morning. William Hill is also operating the sportsbook at Ocean Resort Casino on the site of the former Revel. That sportsbook opened on June 28.

Here’s the gross revenue figures and other numbers of note (go here for further discussion)

  • Monmouth: $2,279,166
  • Borgata: $986,831
  • Ocean Resort: $192,671
  • Total revenue across all three: $3,458,688
  • Revenue derived strictly from all three from completed events (not futures): $1,203,700
  • Total gross hold percentage across all three, based on complete events results: 7.8 percent
  • Total gross handle across all three (including futures): $16,409,619
  • Tax derived by state of New Jersey (8.5 rate on in-person wagering): $293,863

Elsewhere, in the Northeast Corridor just a hop, skip or a black car from New York City, the FanDuel Sportsbook is set to open at The Meadowlands Racetrack on the same grounds as the home of the Giants and Jets, MetLife Stadium. Read all about what to expect and what it means right here.


The Other Most Important Stories of the Week in Sports Betting and U.S. Gaming

Quite a Headline: Gambling and drugs may be the cure for Connecticut’s ailing economy [CNBC]

Midwest: Even money says Colorado will take it slow and steady with sports betting [CPR]

States’ Rights: Federalism comes out as the winner in Murphy v NCAA [Reg Review]

Wishful Thinking: Here’s how sports gambling could become legal in Texas [Caller]

Everywhere, Man: Projecting when legal sports betting will arrive in 25 biggest U.S. cities [Action]

Silver Blues: NBA Commish Adam Silver on ‘integrity fees’: Not a point of progress [LSR]

Low Tax Rates Would Help:  New sports betting laws won’t stop illegal gambling [Herald]

Shuttle Bussing: Possible shuttle between MetLife and FanDuel Sportsbook? [Chalk]


Now in the Wider World of Sports:

pittsburgh steelers offensive line

Big Men: NFL offensive line rankings: All 32 team’s units entering 2018 [PFF]

Guts and Glory: Brandi Chastain on the Olympics and famous penalty kick [ESPN]

Los Angeles: LeBron James and Luke Walton have been texting, ignore the noise [TBL]

Broken System: Blake Snell snub may change the way MLB players selected to All-Star Game [SB Nation]

Betting Should Help: Fox’s NASCAR viewership dropped 19 percent from 2017, 29 percent from 2016 [AA]


Video of the Week:

Quote of the Week:

His quads are the size of my waist and whole upper body. I’ve never quite seen anything like it. I don’t often stare at another man’s legs, but in that case, you just can’t quite help it.

— Giants QB Eli Manning on running back and first round draft pick (No. 2 overall by NYG) Saquon Barkley‘s lower body. Audio here:

Comment Section of the Week:

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Three New Jersey Sportsbooks Collects $3.4M in First Half-Month

The post Three New Jersey Sportsbooks Collects $3.4M in First Half-Month appeared first on SportsHandle.

New Jersey sports betting went live on June 14 at Monmouth Park in Oceanport and at the MGM-owned Borgata Resort Casino in Atlantic City, and the first month of operations has shown that the

The post Three New Jersey Sportsbooks Collects $3.4M in First Half-Month appeared first on SportsHandle.

New Jersey sports betting went live on June 14 at Monmouth Park in Oceanport and at the MGM-owned Borgata Resort Casino in Atlantic City, and the first month of operations has shown that the state’s costly fight for legal sports betting will be well worth with it.

The New Jersey Division of Gaming Enforcement on Thursday released the first batch of sports betting revenue figures, which are based on a cash method of accounting, not on an accrual method as in Nevada, showing the three separate locations operating in June took in a collective $3,458,688, producing $293,863 in tax revenue for the state of New Jersey. That’s based on a total handle of $16.4 million across the same properties.

Those figures come with an 8.5 percent tax rate. Mobile sports wagering tax rate is 13 percent, which is likely to begin at a few properties set to roll out their apps/online platforms in the coming weeks. Anyone in state can set up an account remotely and deposit without having to register in person at a licensee.

New Jersey Sports Betting Numbers and Handle From First Weeks of Live Operations Show Big Win.

nj sports betting numbers handle for june from monmouth park sportsbook

Keep in mind the $3.4 million is based on a cash method of accounting, which counts as revenue wagers on futures events such as the World Cup and Super Bowl winner.

According to the DGE, “$1.2 million in gross revenue was reported from Completed Events, which approximates accrual basis revenue that can be compared to the win reported of Nevada casinos.”

The total handle across the three locations was $16.4 million. 

Here’s more of the breakdown:

Also keep in mind that Ocean Resort, a property formerly known as Revel, only opened on June 28, meaning it produced its handle and hold in three days.

People had a nice time betting on baseball! It represents $10.1 million of the $16.4 million in handle:

Further consider that mobile wagering has not yet begun, which will be coming soon through William Hill and the Borgata. Sources say that the MGM-owned Borgata’s mobile app will be introduced next week.

These numbers are pretty, pretty good, considering only baseball and soccer events (with some other events such as UFC 226) were occurring during this half-month stretch.

Welcome to the game, New Jersey, and Garden State sports bettors.

This is story is developing and will be updated.

[Also See: What to Expect at the Meadowlands’ FanDuel Sportsbook Launch]

The post Three New Jersey Sportsbooks Collects $3.4M in First Half-Month appeared first on SportsHandle.

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