Sports Betting May Not Happen Quickly Despite SCOTUS Ruling

Sports bettingDespite the state Legislature paving the way for sports gambling almost five years ago, regulators in New York tasked with implementing a framework for the industry appear to be in a holding pattern following a decision by the U.S. Supreme Court to strike down a limit on the states that can offer sports gambling.

Source: Sports gambling maybe not imminent despite SCOTUS ruling

A Study to Prove Daily Fantasy Sports is a Game of Skill?

Daily Fantasy Sports is a Skill Game, We Have a Study to Prove It

“Now we have proof – real analytical, data-driven, published proof – that DFS is indeed a game of skill.  This study states that it’s backed by arguments and logic used in basic statistics and probability theory….”

JD Supra (press release) Full coverage

Source: Daily Fantasy Sports is a Skill Game, We Have a Study to Prove It

China to Expand Horse Racing, Sports Betting

The Chinese government has revealed plans to develop a horse racing industry and expand sports lotteries to boost tourism to the holiday island of Hainan.

According to a report by official news agency Xinhua, horse racing will be one of a number of activities promoted on Hainan alongside beach and water sports as part of a reform agenda approved by cabinet. Hainan would also “explore the development of sports lottery and instant lottery on large-scale international games.”

Hong Kong horse racingChina already allows certain forms of sports betting operated by the government’s China Sports Lottery while a government-run lottery system is also widespread across the country.

It remains unclear exactly how an expanded sports lottery might work, however reports that the initiative might eventually lead to legal casinos in Hainan seem to be both unfounded and sensationalist, with multiple reports of impending casino legislation in Hainan over the years having amounted to nothing. Attempts by some Hainan hotels to launch small gaming operations were quickly shut down in 2013, while China made no secret of its stance when it arrested employees of Korean casino operators Paradise Group and Grand Korea Leisure in 2015 and Australia’s Crown Resorts in 2016 for promoting gambling on the mainland.

Macau-based analyst Grant Govertsen has also been quick to downplay the news, stating in a Sunday note that, “While various media outlets are trumpeting the ‘gaming’ aspects – as if the center point of this PRC policy is gaming – the reality is that the policy in no way approves anything remotely close to casinos, nor does it even suggest this is a future possibility. Rather, what was announced was a free port concept within a special economic zone.

“Buried inside an exhaustive list of policies, it suggests the development of horse racing – but importantly omits any references to wagering. It also recommends that the idea of an international-style lottery be studied, and we highlight that the lottery verbiage says ‘explore’ rather than ‘develop,’ which suggests that even a lottery isn’t a done deal.”

Govertsen also quashed wildly ambitious speculation – first prompted by a recent Bloomberg article pointing to the potential relaxing of rules around online gambling, lotteries and sports betting – about the future of casinos in Hainan.

“It is critical to keep in mind that gambling in all forms (other than a small lottery exception) is illegal within China,” he said. “As part of the anti-corruption campaign the government made it a point that officials shouldn’t even play mahjong given its gambling characteristics.

“While the government is encouraging the development of a horse racing industry in Hainan (as they have in other parts of China) they are not encouraging the concurrent development of a horse wagering industry. We therefore think the legalization of casinos within China remains highly unlikely.”

Daily Fantasy Sports (DFS): Is it gambling?

A Game of Skill or Gambling?

Some states, such as Nevada recently banned sites like fantasy sports website DraftKings after accusations surfaced of employees participating in the contests with insider information. Some believe the websites should be regulated like gambling websites.

Source: Daily fantasy sports: Is it gambling?

N.J. Sports Wagering Case stuck in limbo with U.S. Supreme Court

TRENTON — Monday was expected to be the day the U.S. Supreme Court would announce whether it will hear New Jersey’s years-long effort to legalize sports betting at casinos and racetracks. But a decision never came, either for or against the state. Now, experts say, the nation’s highest court could make an announcement Tuesday — though… [Read more…]

Trump administration asked to support N.J. sports betting appeal

Washington DCWASHINGTON — In his quest to legalize sports betting in New Jersey, Rep. Frank Pallone Jr. is seeking help from President Donald Trump’s administration. Pallone (D-6th Dist.) is asking Acting Solicitor General Jeff Wall in a letter to be sent Tuesday to request that the U.S. Supreme Court to hear New Jersey’s appeal of the latest… [Read more…]

Will Odds of N.J. Sports Wagering Increase Under President Trump?

WASHINGTON — The head of the casino industry’s trade association expressed optimism that incoming President Donald Trump and federal lawmakers will act to allow states to legalize sports betting.  The inauguration of the new president is this Friday.

During the campaign, Trump expressed support for legalized sports betting.

“I’m OK with it because it’s happening anyway,” Trump told Fox Sports in November 2015. “Whether you have it or you don’t have it, you have it.”

An estimated $150 billion a year is bet illegally on sports, according to the gaming association.

“We are entering a perfect storm,” said Geoff Freeman, president and chief executive of the Washington-based American Gaming Association, claims Caesars Entertainment and Borgata owner MGM… [Read more…]

How to Find the Best Online Sports Books

Guest Post

Fans have always seen sports betting as a way of becoming more engaged with their favorite teams or sports. The online sports book, however, has broadened players’ options and horizons significantly, and now an entire global sports market is open to players, wherever they are in the world. Many traditional forms of betting on sports, whether it be on-course, at a bricks and mortar bookmaker, or even on the phone, have largely been superseded by the online sports book.

There are any number of reasons as to the rapid increase in popularity of online sports betting. Firstly, for those who take their sports seriously, it’s a chance to put your knowledge to the test and gives you the opportunity to make informed choices before making a wager, by studying records, form, recent results, etc., through the information provided by websites like SkySports. Having up-to-date news and stats from sports and leagues around the world means that no matter where you are, you can keep in the loop about what’s happening with your favorite teams and stars.

The range of bets on offer on all types of sporting events is also one of the great appeals of online sports betting. Single-event betting and parlay (or multi) bets are generally the most popular markets, but there are always plenty of prop and exotic bets on offer at the best sports books, like this site – so you can wager on whole season events, like who will be the champion, right down to in-game events such as who will be the first scorer or who will be ahead at half time.

However, you don’t have to follow a sport intimately to be able to enjoy betting on it. When the big international events roll around, like the Super Bowl, the FIFA World Cup, US Open Tennis or the World Series, even the casual fan can find enough background data and stats online, on ESPN for example, to be able to place a bet without feeling as though they’re completely in the dark. The abundance of advice and guidance on these major events means you don’t have to be an expert to enjoy getting involved.

People who are new to online betting might naturally feel a little apprehensive about signing up for a sports book, but if you choose wisely, you should have no issues with security, privacy and fairness. However, if you’re not certain about how to find the best sports book, there are a number of good review sites that give you background on how online sports betting agencies are operated and what you can expect from them (follow the link to find out more). Using a review portal before you commit will give you some peace of mind that you’re betting with a well-regulated, reputable brand, as well as information on how to go about setting up an account and the sorts of special offers that are available to new players. These Welcome Bonuses provide great value and the chance to make free bets or receive a cash bonus when you set up an account, so do your research to find out which sites will give you the best value.

For the enthusiastic punter, another advantage to online sports betting is that the biggest operators will often also run online casinos or poker rooms as well, and with these it is always easy to sync your accounts, so you can play poker, slots or bet on NFL, NBA or MLB matches all from the one playing account.

Whatever your interests, whether it’s racing, sports, poker or casino games, the online betting world is growing all the time, and is full of great opportunities if you know where to look.

New Jersey’s Final Attempt to Legalize Sports Betting?

DSF player PHILADELPHIA — In what could be New Jersey’s last court battle to legalize sports betting, a dozen federal appeals judges Wednesday grilled attorneys for the state about the effort to allow Garden State casinos and racetracks to offer wagering on sports games. The oral arguments before the U.S. Third Circuit Court of Appeals capped New Jersey’s… [Read more…]

Big Game 50 Analysis from Ed Meyer

Big Game Analysis 2016 Successful handicapper and horse racing professional Ed Meyer has the tale of the tape for this Sunday’s classic Super Bowl match-up.  Ed has been following and wagering on the NFL all season long and he knows these two teams inside and out. Get his ATS and Over/Under predictions.

The 50th edition of the “Big Game” has the (14-4) Denver Broncos battling the (17-1) Carolina Panthers.  Levi Stadium is an open air venue that seats 75,000.     The latest weather forecast is for highs in the low  70’s during the day, and the low may reach 46 degrees by game time. There is no rain in the forecast.    The stadium is located in Santa Clara, California and is home to the San Francisco 49ers.  The Denver Broncos are (4-1) straight up in the last five games, and the total has gone UNDER five of the last seven games.    Carolina is (7-1) in their last eight games away from home, and they are (17-1) straight up this season.  The total has gone OVER in four of the last five games for the Panthers.    Currently the odds are hovering at Carolina  -5 ½ and the O/U is holding at 45.

 

The Broncos have been an electric team to watch this season, and they are plain nasty as underdogs going (5-1) SU and 5-0-1 ATS.    The favored team has lost four straight Super Bowls, and has only covered three from the last 14 ATS.    If you…  click here for Ed’s expert analysis and predictions.

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