Week 9 College Football Picks: Take Iowa Over Overvalued Penn State

The post Week 9 College Football Picks: Take Iowa Over Overvalued Penn State appeared first on SportsHandle.

Each week we’ll be providing our top college football picks.

Also check out our NFL “Lookahead Lines” story, finding value (or not) by comparing earlier lines, and identifying recency bias.

Back to the college game (season record: 11-9) … This week we look at three live underdogs and a big favorite in the Big Ten.

College Football Picks Week 9: Take Iowa Over Penn State; Maryland Should Have a Fairly Easy Time With Illinois

cfb picks week 9 iowa penn state

Iowa +6.5 over Penn State

Penn State continues to be the most overvalued team in college football. After losing two straight, the Nittany Lions managed to squeak by a bad Indiana team last week, 33-28, as a 14-point favorite. Penn State won the game despite being outgained by 137 yards.

Iowa has won three consecutive games by a combined score of 113-47 and is coming off a 23-0 shutout over Maryland. The Hawkeyes have been money on the road in recent years, going 22-10-1 ATS in its last 33 games away from home.

It seems like people still aren’t buying into Iowa, but the Hawkeyes have outgained five opponents by at least 100 yards and their only blemish this season was a tough loss at Wisconsin. Penn State has failed to cover its last two games as favorites, while Iowa is 4-0 ATS in its last four road games dating back to last year.

The money came in on Penn State early with the line opening between 4.5-6 and up to 6.5 at most Las Vegas sportsbooks. I expect the money to come in the other way as we get closer to kickoff. Almost a touchdown is too much to give in what should be a close game throughout.

I’ll gladly take the Hawkeyes plus the points with a small wager on the Iowa ML +210.


Texas A&M +1 over Mississippi State

These two teams are going in opposite directions. Texas A&M has won three straight and is coming off a bye, while Mississippi State has lost three of four.

The Bulldogs were expected to be Alabama’s biggest threat in the SEC West, but have struggled on the offensive side of the ball. Mississippi State has scored seven points or fewer in its last three losses.

The Bulldogs aren’t likely to get the offense going this week. Texas A&M allows just 78 yards per game rushing and 3.1 yards per carry. The Aggies’ defense has held its last three opponents to a season-low in total yards. Mississippi State will need to throw the ball to win this game and that won’t be easy.

Quarterback Nick Fitzgerald is coming off a game versus LSU where he threw for 59 yards and four interceptions while completing just 33 percent of his passes. Fitzgerald has thrown for fewer than 100 yards in three straight games with no touchdowns and five interceptions.

The Aggies are 6-1 ATS this season and after starting 3-0. Mississippi State is 1-3 SU and ATS in its last four games. I’ll call for the small road upset here. Keep in mind the line opened at 3 and has come down to 1.


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Kentucky +7 over Missouri

I took Kentucky last week as a 14-point favorite over Vanderbilt. They won, 14-7, failing to cover in one of the ugliest games you’ll ever see. I’m going back to the Wildcats getting a touchdown on the road to Missouri this week.

The Tigers hammered Memphis last Saturday, 65-33, as a nine-point favorite. Memphis is a perfect opponent for Missouri because it has one of the worst defenses in the country. The Tigers face a much tougher test this week against Kentucky. The Wildcats rank 11th in total defense, holding opponents to 108 yards below their season average.

Kentucky is also 14th in pass efficiency defense and its defensive front should create problems for Missouri quarterback Drew Lock. Lock’s numbers are great against weaker competition, but he has a TD to interception ratio of 21-28 versus Power 5 bowl opponents.

Missouri has played four Power 5 teams this year, beating Purdue by three, losing to Georgia by 14, losing to South Carolina by three and losing to Alabama by 29. A touchdown is too much here with an overvalued Missouri team. Kentucky has won three straight in this series. Make it four.


Maryland -17.5 over Illinois

This is the first meeting between the two schools and Illinois comes in losers of four of its last five games. The Illini have been outscored in their last two games, 95-27, in losses to Purdue and Wisconsin.

Maryland got shut out, 23-0, on the road in Iowa last week, but I view the Hawkeyes as one of the top teams in the Big Ten. The Terrapins have taken care of business versus teams they’re supposed to beat this year, defeating Bowling Green by 31, Minnesota by 29, and Rutgers by 27.

Maryland is tough when it can run the football with running backs Ty Johnson and Anthony McFarland. Expect that to be the case on Saturday against an Illinois defense allowing 273 rushing yards per game and 6.1 yards per rush in Big Ten play.

Maryland is 4-3 and 3-1 at home while playing one of the nation’s toughest schedules. It gets a breather this week in the reeling Illini who are just 8-19 ATS in their last 27 as an away dog. The Terrapins romp at home.


Also check out The Pro Football Handle: NFL Week 8 has both a potential NFC Championship preview in Saints vs. Vikings and the worst game of the year with 49ers vs. Cardinals. The New York Football Giants are in the midst of a fire sale and the Oakland Raiders are officially in tank mode. There are some crazy lines this week, listen below for complete insight and some laughs:

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The post Week 9 College Football Picks: Take Iowa Over Overvalued Penn State appeared first on SportsHandle.

How States Are Spending Their Sports Betting Tax Revenue

As states across the country are discussing legal sports betting, there has been much ado about sportsbooks operating on thin margins, which is news to a lot of lawmakers. By most accounts, a sportsbook earns between $1-$2 in net revenue from every $100 bet after all the money is divvied up. So where does the money go?

Much of it goes back to the winning bettors and there are the obvious expenses — paying employees, buying software and equipment, purchasing or renting space. And then there are taxes. The seven states that have legalized sports betting so far* apply wildly different tax rates on gross sports wagering revenue, from 6.75 percent in Nevada to more than 50 percent in Rhode Island.

In states currently seeking to become a legal sports betting states, some lawmakers are looking to earmark tax revenue for specific programs. In Kentucky, legislators hope it will help alleviate the state’s (humongous) pension-fund issue and in Illinois lawmakers are hoping sports betting revenue will put a dent in the state’s budget shortfall, which is $1.2 billion for fiscal year 2019. Others like Washington D.C. are eyeing Arts and Humanities, and early childhood education programs.

Football Is King: MS September Sports Betting Handle Reaches $31.77 Million

It’s official — Mississippi loves it some football. The state’s gaming commission released its September sports betting numbers on Monday, and they are sky high. Magnolia State sports bettors wagered $31.77 million and produced $5.5 million in taxable revenue during the first full month of professional and college football. Those numbers dwarf August, which had $644,489 in taxable revenue on a $7.7 million handle.

The handle includes futures bets made, while the taxable revenue does not include futures bets, many of which are not yet decided.

Most notable was the state’s win percentage, which was a whopping 17.3 percent. For comparison, that number was 10 percent in August and Nevada traditionally has a 5 to 7 percent hold.

 

Read more Football Is King: MS September Sports Betting Handle Reaches $31.77 Million on SportsHandle.

After Spirited Hearing, Indiana Lawmakers Will Continue to Explore Sports Betting

Indiana on Friday became the latest state to hold a sports betting hearing, when lawmakers heard from various corners of the industry — a technology provider, the NBA, an anti-gambling group and small business owner Patrick Doerflein, who owns an app called “Burn and Bet,” referred to himself as a “hillbilly guy from Brown County” and asked legislators not to over regulate.

While the session had moments of levity, it was a very different sort of hearing in Illinois on Wednesday. Indiana state lawmakers put forth several sports betting bills in 2018 and the Gaming Commission signed on with a market analysis firm, but Hoosier State legislators on the Interim Joint Public Policy Committee still appeared to be in the early learning stages of learning about sports wagering.

One lawmaker asked if a technology professional had said “toad system” when he was referring to a “tote system,” and another asked NBA executive Dan Spillane if any states that have legalized sports betting passed a law granting the league an “integrity fee.” (None have.) This was in stark contrast to contract with gaming entities independently?”

Study: MLB, NBA to Yield Combined $1.7 Billion From Legal Sports Betting

The American Gaming Association on Thursday released the results of two more Nielsen studies, showing how America’s professional sports leagues stand to benefit from legal, regulated sports betting. The latest studies indicate that Major League Baseball will see a revenue increase of $1.106 billion, and the NBA is look at a $585 million bump. Combined with research from previous studies on the NFL and NHL, U.S. professional sports leagues can expect an overall combined revenue boost of $4.23 billion.

The increased revenue won’t come from the “integrity fee” or “royalty” that some of the professional sports leagues have been lobbying for, but rather from increased fan engagement (media rights, sponsorships, merchandise, tickets) and through gaming (TV advertising, sponsorships, data packages).

According to the studies, MLB will net $952 million from increased fan engagement and $154 million from gaming-related revenue. The NBA should see increases of $425 million and $160 million, respectively. Results of previous studies showed that the NFL will see the biggest benefit, an overall increase in revenue of $2.33 billion, and the NHL can expect an increase of $216 million.

 

Read more Study: MLB, NBA to Yield Combined $1.7 Billion From Legal Sports Betting on SportsHandle.

Where Do Gubernatorial Candidates Stand on Sports Betting? West Edition

 

Thirty-six states will elect governors next month, and we at Sports Handle wondered if sports betting ranks among the key issues in any state elections — or as a topic of campaign trail conversation at all.

In most cases, sports betting is not a hot topic and likely won’t be a deciding factor in electing a governor (although there are single issue voters on very issue), but there are some states in which the legislature has been actively exploring sports betting and having a “friendly” governor will speed the process in those states.

Using the Mighty Mississippi as our divider, we present our findings in two parts. Part I on the East is available here.

Read more Where Do Gubernatorial Candidates Stand on Sports Betting? West Edition on SportsHandle.

Sports Betting on Agenda This Week In Indiana, Illinois and Washington, D.C.

Indiana, Illinois and the District of Columbia will have hearings on sports betting this week. Both the Indiana and Illinois hearings are informational, ahead of the midterm elections and winter sessions, while the D.C. Council hearing could be the first step in legalizing sports betting before the end of the year.

In Indiana, the Interim Study Committee on Public Policy, chaired by Representative Ben Smaltz (R-District 52) will hear public testimony and have a committee discussion about legal sports betting before issuing a recommendation on the topic on Friday beginning at 12 p.m. ET.  The Indiana General Assembly adjourned in March without legalizing sports betting.

Sports betting was definitely a hot topic among some members of the assembly, and in January, Representative Alan Morrison (R-District 42) introduced HB 1325, a sports wagering bill that marked the first appearance of a bill containing several pro leagues’ “Model Legislation” language and a 1 percent “integrity fee” that they’ve been after.  The bill died in committee and no additional legislation was introduced before the session closed. On the Senate side, Jon Ford (R-District 38) also introduced legislation, but it, too, died in committee.

 

Read more Sports Betting on Agenda This Week In Indiana, Illinois and Washington, D.C. on SportsHandle.

KY Lawmakers Closing In On Sports Betting Bill to Pass in ’19, Hone In On Final Key Issues

Expect Kentucky to among the first movers on sports betting when the state legislature goes back into the session in January. On Friday, state lawmakers heard from a bevy of sports betting and gaming professionals during a hearing before the Interim Joint Committee on Licensing, Occupations and Administrative Regulations. It was the second such meeting before an interim joint committee ahead of Kentucky’s 2019 session.

“I think you definitely will see one if not multiple bills in Kentucky,” said Global Market Advisors’ Director of Government Affairs Brendan Bussman. “There is definitely a will within some of the active members there who want to bring this up, and there is no reason why they shouldn’t.”

Though the hearing was comprehensive and there were plenty of questions from legislators, it’s unlikely that much will happen in the next month ahead of mid-term elections. That said, a sports betting bill was pre-filed earlier this year, a second is in the works, according to a source, and there could be more to come.

 

Read more KY Lawmakers Closing In On Sports Betting Bill to Pass in ’19, Hone In On Final Key Issues on SportsHandle.

Get a Grip: The Week in Sports Betting & Sports: SVP, G2E & New Mexico’s a ‘Go’

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.


SVP: Legal Sports Betting Just ‘Common Sense’


ESPN personality Scott Van Pelt didn’t pussyfoot around his thoughts on sports betting at the Global Gaming Expo (G2E) in Las Vegas earlier this week. Nope, the sometimes irreverent, always hip late-night sports jock just said it like it is on why sports betting should be legal.

“Because I have common sense,” he said in answer to a question from the American Gaming Association’s Sara Slane, per CDC Gaming Reports. “I live in a state (Connecticut) where I can buy lottery tickets at a gas station, go to a casino and play blackjack, but I can’t bet on the Red Sox or the Yankees? People bet. They are adults. I’m in favor of adults doing adult things.”

Van Pelt shared his thoughts on how fast states across the nation would legalize sports betting — “Maybe six months, a year, we’ll get to a point where everyone, even grandma, is out on the dance floor.” And if that would compromise the integrity of games — “You have to be vigilant. You have to be concerned, but you just can’t listen to the conspiracy theorists and the idiots on Twitter”.

 

Read more Get a Grip: The Week in Sports Betting & Sports: SVP, G2E & New Mexico’s a ‘Go’  on SportsHandle.

Where Do Gubernatorial Candidates Stand on Sports Betting? East Edition

 

Thirty-six states will elect governors next month, and we at Sports Handle wondered if sports betting was among the key issues in any states, or at least on the keychain.

In most cases, sports betting is not a hot topic and likely won’t be a deciding factor in electing a governor, but there are some states where legislatures have been actively exploring sports betting — and having a “friendly” governor will speed the process in those states. But in some cases, sports betting is a non-issue for the election.

Using the Mighty Mississippi as our divider, we present our findings in two parts. Today’s Part I focuses on where gubernatorial candidates in the East stand on sports betting:

Sports Betting Legalization’s Impact on Governor Races Across the U.S.: ‘East Coast’ Edition Looks Up and Down The Atlantic And Over to Central States

Alabama: Democrat Walt Maddox said in August that he believes sports betting should be part of the equation to solve the state’s financial troubles. After tweeting about that in August, he has not offered any additional thoughts on sports betting. The front-runner and incumbent, Republican Kay Ivey, has not weighed on sports betting, and for that matter, according to AL.com, has been avoiding debates or discussing the issues in general.

Read more Where Do Gubernatorial Candidates Stand on Sports Betting? East Edition on SportsHandle.