FROM KEITH GROLLER
Haven't received a report from RJ Bell of Pregame.com in a while.
He always has interesting stuff on what's going on at the sports books in Las Vegas.
I am personally hoping sports betting will be legalized in New Jersey and believe that will create a tremendous amount of revenue for Atlantic City, which is stuggling, and create a lot of interest for Lehigh Valley area sports fans who can't so easily get to Vegas and/or don't want to take risks with the popular, but illegal pools and football "tickets."
RJ has an update on that NJ situation and much more, including tonight's Game 6 in the Pacers-Heat series:
NBA Series
Heat: $1000 wins $100 (implying 88% chance to advance)
Pacers: $100 wins $700 (implying 12% chance to advance)
Game 6 spread:
Heat -7.5 hosting Pacers
Golfer John Daly has lost $55 Million Gambling!
In an interview with Yahoo, Daily said he was "shocked" when he added up the losses. He described the loss size as "stupidity" but also noted that this total was over many years, and that the annual loss of around $3 million wasn't so bad. He "had a lot of fun" and "loves the action." Daly talked of gambling for two days straight, only getting up to go to the bathroom - playing up to 7 hands of blackjack at a time, betting up to $15,000 per hand. He also loved playing $5,000-a-spin slot machines. http://yhoo.it/1gEtgYz
California Chrome owner bet horse to win Derby at 200/1
This longshot bet was made back in January at William Hill sportsbooks in Nevada. According to reports quoted by Darren Rovell, the amount was $1000 risked to win $200,000!
More Mayweather vs. Pacquiao talk:
Promoter Bob Arum was talking Floyd vs. Pacman again recently. Pregame.com boxing experts would make Mayweather -200 (risk $200 to win $100) over Pacquiao +180 ($100 wins $180). Bookmaker Jimmy Vaccaro said he'd make Mayweather a bigger favorite (-350). This difference implies the average bettor (who the bookmaker must consider) would be more optimistic about Mayweather than the professionals (although both make Floyd the clear favorite).
Vegas Brawl between Mayweather and rapper T.I.
Over Memorial Day weekend at a Fatburger on the Vegas strip. Rumor is the conflict was over T.I.'s wife, and that the rapper swung first. Story from TMZ: http://bit.ly/1wtiQ2M
Tiger Woods Out US Open - Vegas Effect
Las Vegas expected Tiger NOT to participate, so odds on other golfers were not improved with Tiger’s withdrawal.
Tiger's absence from a major is estimated to decrease the overall action by about 20%!
Record Basketball Action
Last month, Nevada won the most money EVER for the month of April on basketball action.
Action on Presidential Elections?
A Nevada State Senator made a strong push early this week to legalize betting on Federal elections. By some estimates, action on the Presidential election alone could reach 50% of the action on the Super Bowl! Optimism for this initiative waned later in the week when it failed to garner support of a key legislative panel.
Sports Betting in New Jersey
New Jersey wants sports betting, the federal government is fighting against it. The United States Supreme Court will announce in June whether they are taking the case. State Senator Ray Lesniak said recently the court result won't stop the state from moving forward. Lesniak was quoted in an article by John Brennan:
“Right now, book your hotel room [in Atlantic City] for the Super Bowl next year and the NCAA Final Four, because you won’t be able to get one,” Lesniak declared. “We are going to have sports betting in New Jersey next year. Go to the bank on it, because if the [Supreme Court takes the case], it will be overturned. “And if it isn’t, it’s the position of the Justice Department in their briefs that they are not stopping states – you can repeal sports betting laws, you just can’t regulate it. I have legislation being drafted, and that will be introduced, to allow casinos and racetracks to have sports betting on our premises. We just won’t be able to regulate it. We are not going to be deterred.”
Heat: $1000 wins $100 (implying 88% chance to advance)
Pacers: $100 wins $700 (implying 12% chance to advance)
Game 6 spread:
Heat -7.5 hosting Pacers
Golfer John Daly has lost $55 Million Gambling!
In an interview with Yahoo, Daily said he was "shocked" when he added up the losses. He described the loss size as "stupidity" but also noted that this total was over many years, and that the annual loss of around $3 million wasn't so bad. He "had a lot of fun" and "loves the action." Daly talked of gambling for two days straight, only getting up to go to the bathroom - playing up to 7 hands of blackjack at a time, betting up to $15,000 per hand. He also loved playing $5,000-a-spin slot machines. http://yhoo.it/1gEtgYz
This longshot bet was made back in January at William Hill sportsbooks in Nevada. According to reports quoted by Darren Rovell, the amount was $1000 risked to win $200,000!
More Mayweather vs. Pacquiao talk:
Promoter Bob Arum was talking Floyd vs. Pacman again recently. Pregame.com boxing experts would make Mayweather -200 (risk $200 to win $100) over Pacquiao +180 ($100 wins $180). Bookmaker Jimmy Vaccaro said he'd make Mayweather a bigger favorite (-350). This difference implies the average bettor (who the bookmaker must consider) would be more optimistic about Mayweather than the professionals (although both make Floyd the clear favorite).
Vegas Brawl between Mayweather and rapper T.I.
Over Memorial Day weekend at a Fatburger on the Vegas strip. Rumor is the conflict was over T.I.'s wife, and that the rapper swung first. Story from TMZ: http://bit.ly/1wtiQ2M
Tiger Woods Out US Open - Vegas Effect
Las Vegas expected Tiger NOT to participate, so odds on other golfers were not improved with Tiger’s withdrawal.
Tiger's absence from a major is estimated to decrease the overall action by about 20%!
Record Basketball Action
Last month, Nevada won the most money EVER for the month of April on basketball action.
Action on Presidential Elections?
A Nevada State Senator made a strong push early this week to legalize betting on Federal elections. By some estimates, action on the Presidential election alone could reach 50% of the action on the Super Bowl! Optimism for this initiative waned later in the week when it failed to garner support of a key legislative panel.
New Jersey wants sports betting, the federal government is fighting against it. The United States Supreme Court will announce in June whether they are taking the case. State Senator Ray Lesniak said recently the court result won't stop the state from moving forward. Lesniak was quoted in an article by John Brennan:
“Right now, book your hotel room [in Atlantic City] for the Super Bowl next year and the NCAA Final Four, because you won’t be able to get one,” Lesniak declared. “We are going to have sports betting in New Jersey next year. Go to the bank on it, because if the [Supreme Court takes the case], it will be overturned. “And if it isn’t, it’s the position of the Justice Department in their briefs that they are not stopping states – you can repeal sports betting laws, you just can’t regulate it. I have legislation being drafted, and that will be introduced, to allow casinos and racetracks to have sports betting on our premises. We just won’t be able to regulate it. We are not going to be deterred.”
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