Over $10M in NFL Handicapping Contests at Circa Sports

Circa Sports is going all-in on its NFL handicapping contests next season.

The downtown sportsbook is ponying up the largest pro football contest guaranteed prize money ever of $10 million for Circa Millions III and Circa Survivor.

The $1,000 entry Circa Survivor will feature a $6 million guaranteed payout — up from $1 million last season — and the $1,000 entry Circa Millions III will feature $4 million in guaranteed payouts, up from $3 million last year.

“With all the interest in sports gambling and the fact that people were locked down, we felt football contests would explode in popularity,” Circa Sports CEO Derek Stevens said. “We think doing the $10 million guarantee is going to be great for Las Vegas and is going to draw a lot of people to our city.

“This is going to create a great summer, and we’re excited about… continue reading

Pro Bettor James Holzhauer’s Key to Success

“Holzhauer has dominated “Jeopardy!” like no one else since the current version of the television game show had its premiere in 1984. He won again on the episode that aired Wednesday, pushing his total earnings above $1.1 million, second on the all-time list behind the legendary Ken Jennings.”

The NY Times interviewed Holzbauer in the spring of 2019, asking him several questions of how he was so successful on the popular show.

The big key to his success was going aggressive from the opening bell.  He would go right for the $1,000 questions, skipping the lower tier amounts.

As stated in the NY piece, you could make an analogy to sports betting or poker tournaments. There are big advantages to having a lot of chips early on in a poker tournament. Consequently, the bettor can make plays that other people can’t.

Would you describe the traditional way of playing “Jeopardy!” as overly risk-averse?

“I would definitely say it’s too risk-averse,” explained Holzbauer.  “The funny thing is, my strategy actually minimizes the risk of me losing a game. There’s times in a football game where a team goes for a big TD pass. If you don’t take a risk like that, you’re not going to win. Really, the big risk is never trying anything that looks like a big gamble.”

You can read the full Times interview of Holzhauer here.

 

How A 40-Year-Old Horse Racing Law Helped Move Sports Betting Forward

A look back…

Forty years ago, Congress passed a comprehensive bill for horse racing that could be a model for nationwide sports betting legislation.

The federal law — the Interstate Horseracing Act — even includes a “consent to bet” clause that may cause certain US sports league executives to drool.

Related developments in sports wagering are proceeding at a rapid pace, increasing the chances that Congress will weigh in soon.

Indeed, in just the last two months, potential sports betting legalization has moved from the US Supreme Court to the Indiana statehouse. The draft bill out of Indiana even mimics the 40 year-old horse racing statute, with a clause allowing sports governing bodies to “restrict or limit wagering” on certain events…

Source: How A 40-Year-Old Horse Racing Law Can Nudge Sports Betting Forward

Michigan Online Sports Betting Could Launch in Days

The wait is nearly over: Michigan online sports betting is finally close to launching.

It’s about time. MI sports betting and iGaming were legalized late in 2019, and retail sports betting launched in March.

A drawn-out rules process eventually wrapped in December. While there were hopes the market would launch last month, it now sounds like operators will definitely be prepared to take Super Bowl bets online.

“We could have an announcement this week,” Michigan Gaming Control Board Executive Director Richard Kalm said at this week’s board meeting.

“We’re very close,” he added later.

Here are the 15 sportsbooks in Michigan…

Churchill Approved for Sports Betting in Tennessee

In the same week CDI announced that it would be rebranding its sportsbook operations from BetAmerica to the TwinSpires, the company was approved by the Sports Wagering Committee of the Tennessee Education Lottery to operate in the Volunteer State.

David Smith, director of communications for the Tennessee Education Lottery, confirmed Jan. 8 that multiple reports of the approval are accurate. [Churchill Downs] CDI will be the fifth sportsbook operator in Tennessee…

Sports betting front and center in Georgia legalized gambling debate

ATLANTA — Advocates for bringing legalized gambling to Georgia will be back under the Gold Dome next month, pitching the financial benefits of casinos, horse racing and sports betting together and separately.

But legislation authorizing online sports betting in the Peach State may have the best odds to advance.

“It’s the easiest one to pass,” said Georgia Rep. Ron Stephens, R-Savannah, chairman of the House Economic Development & Tourism Committee. “It clearly does not require a constitutional amendment. … It’s just a matter of us giving the [Georgia] Lottery Commission direction and authority they already have.”

Efforts going back the better part of a decade to legalize casino gambling and pari-mutuel betting on horse racing in Georgia have been unable to muster the two-thirds majorities in the state House and Senate required to approve constitutional amendments and put them on the statewide ballot…

Pro Gamblers Accuse William Hill Of Cheating On In-Game Bets

William Hill US has been accused by at least two prominent sports bettors of intentionally delaying the acceptance of in-game wagers in the Silver State, depending on if the wager is good or bad for the book. In other words, they’re saying it’s allegedly not a technology shortcoming, but a deliberate attempt by the book to boost its winning percentage against gamblers.

But some in the industry say the problem is the result of an unintentional bias in a less than ideal product, with it possibly impacting bettors evenly. Most people do agree there is an issue.

In a statement to Sports Handle, William Hill flatly denied the claims, and indicated it may seek legal action against one of the accusers.

Prominent sports bettors Bill Krackomberger and Rufus Peabody, who both …

Indianapolis Colts Partner with Caesars Entertainment and William Hill to Sign First NFL Team Sponsorship

“In the digital age, and particularly this virtual world in which we find ourselves now, finding new ways to engage with our fans, partners and community is one of our top priorities,” said Roger VanDerSnick, Colts Chief Sales & Marketing Officer. “This partnership with Caesars Entertainment and William Hill will help us better connect with Colts fans everywhere as we navigate this very unique season in 2020 and offer a greater fan experience well into the future.”

As part of the agreement, Caesars Rewards, the largest customer loyalty program in the industry, will sponsor a free-to-play “Pick 6 Predictor” game on the Colts Mobile App. The Pick 6 Predictor generates a series of questions, that fans predict the outcome of, before the upcoming games. Correct picks are rewarded with weekly prizes, and all participants are entered into a chance to win a trip to Las Vegas to stay at a Caesars Entertainment property

MGM’s Famous Shareholder Thinking Online Gaming, Sports Betting

A 12% purchase — for $1 billion — in an iconic brand such as MGM Resorts doesn’t automatically raise so many eyebrows.

But on Monday, billionaire Barry Diller’s IAC not only made that investment – Diller had an intriguing reason why.

“We are energized and excited to make this investment in MGM,” Diller said, adding his interest in “an area that currently comprises a tiny portion of its revenue — online gaming.”

In a letter to shareholders, Diller and IAC CEO Joey Levin wrote, “We believe MGM represented a once-in-a-lifetime opportunity for IAC to own a meaningful piece of a pre-eminent brand in a large category with great potential to move online.. …The value was too compelling to ignore.”

The BetMGM online gambling brand, a partnership with GVC Holdings since 2018, has gotten off to a tepid start — so this investment may pay dividends there.

The Best Sports for Sports Betting

Gone are the days when people would Netflix and chill. Nowadays, it is all about chilling along with either betting on sport or playing on online casinos. In fact, both these gambling institutions are so intertwined that you can replace one with the other as more and more casinos are offering sports betting options nowadays. Furthermore, thanks to mobile technology, it is now possible to indulge in these fun-filled money-making opportunities from the convenience of our living rooms.

 

With so much happening in the online gambling world, things can get a little daunting for a person who is new to the business. To start with, they need to pick an excellent online gambling establishment. Choosing non-UK sites is one option, that does have a few risks but also come with the added advantage of higher bonuses and fewer restrictions. So, take your time and pick an online casino or bookmaker that makes you feel comfortable. Just make sure that it is beneficial for you in terms of what they offer. Once you have that set, it is time to look at the scope of sports betting and focus on the games that can earn you maximum profits.

Football

Even if we leave aside the fact that football is the “most loved game in the world,” the sheer volume of annual matches is a good enough reason why you should have it in your gambling portfolio. At any given time, there is a football competition taking place in the world. It might be famous tournaments like the Premier League or local games featuring state teams. As a result, you will find that bookmakers cover a wide variety of football odds allowing punters to place different wagers whenever they want.

Cricket

For some, cricket is a niche sport, but one that is followed by billions of people. The most significant reason to bet on cricket is that it allows you to place wagers comfortably at the last minute. Thanks to mobile gambling, it is possible for punters to bet during a match. In cricket, even if we take into account Twenty20, the fastest version of the game, a match lasts at least a few hours. So, a punter can take his or her time and make the best bets based on live performances rather than picking up odds before the game. Moreover, several cricket competitions take place throughout the year, allowing you to earn from it consistently.

Tennis

Tennis comes in out list of essential sports to bet on because it is more of an individual game. For a newcomer, sometimes researching all the team elements before placing a bet can be troublesome. With tennis, they need only focus on a couple of players at one time. Moreover, tennis grand slams are particularly lucrative as most bookies feature various odds for all the players resulting in multiple opportunities for punters to win big.

Horse Racing

Every self-respecting sports betting enthusiast will put a wager on a horse at some time in their life. Horse racing is an essential sport to bet on because of its classic nature. While most people focus on the money aspect of horse racing, it remains a challenging sport that favours the one with skill, tact, and stamina. The thrill of the race that you can enjoy from home or on the racetracks makes it all the more enticing and entertaining.