Tag: SportsbooksView All Tags
Future Vegas / The Cromwell / Casino / Openings / Sportsbooks / Poker Rooms / → All Tags
For gamblers, the Cromwell's casino may seem as if it’s an afterthought, but it isn’t. Things have changed a lot since The C was the BC. There will, indeed, be a casino at The Cromwell, but it will be a more modern take on a casino. Gambling now accounts for less than half of the revenue for hotels on the Vegas Strip and operators are treating it that way. Sports betting and poker make up only 3%-4% of gaming revenue and casinos are beginning to treat them that way. Sportsbooks are also changing, just compare the huge, lounge-like sportsbook at The Mirage to the multi-purpose sportsbook that will open at SLS.
Vegas For Beginners / MLB / Baseball / Gambling / Sportsbooks / → All Tags
MLB Spring Training is underway and professional baseball games are on the board and available to bet at sportsbooks. The two most popular sports to bet on, football and basketball, are most often bet using point spreads. Baseball is the third most popular sport for bets and that's possibly because people are simply confused about how to do so. Most bets on baseball use a money line where you just have to pick a winner. The money line can be intimidating because just about every game is different, but it's really quite simple.
The money line is based on bets of $100. For example, +200 means you will win $200 on a $100 bet. On the other hand, if the money line is -200, you must bet $200 to win $100. It’s always easiest way to explain money line betting with an example:
Sports / World Cup / Soccer / Sportsbooks / Events / → All Tags
The largest sporting event in the world is just 125 days away. The 2014 World Cup, which takes place in Brazil, kicks off Thursday, June 12.
The international soccer tournament goes for a month and culminates with the final Sunday, July 13. The set-up for the World Cup is a different tournament than March Madness and most American tournaments. The World Cup begins with a round-robin tournament of eight groups. Each was selected at random and is made up of four teams. You can see the schedule, here. The two teams in each group with the most points move on to the second stage which is a standard, single elimination tournament of the remaining 16 teams. In America, we might call this the Sweet 16, but it’s typically just called the 2nd stage or elimination stage in the World Cup.
The Winter Olympics start today. Excitement runs high for the games as we get to see sports like bobsledding and ski-jumping on television. And, while you might see them on in the sportsbook if it’s a slow night, you won’t be able to bet on the action. <sad trombone>
Las Vegas sportsbooks aren’t allowed to take wagers on amateur sports besides your typical college sports like football or basketball. This goes back to the early 2000s when there was an attempt to outlaw college sports betting in Nevada. In order to compromise, state officials proposed to ban “other” forms of amateur sports.
Betting / Sportsbooks / Big Game / Super Sunday / Super Bowl / CG Technology / Cantor Gaming / William Hill / Station Casinos / Sports Connection / Apps / Nevada Sports Books / → All Tags
The Seattle Seahawks defeated Denver Broncos in the Big Game last night by a score of 43-8. The game wasn’t even that close, but that last score by Seattle made bettors who bet over 47.5 happy as they cashed in on one of the more popular bets. That’s probably the only solace for many as the sportsbooks did brisk business and cleaned up with a Seahawks win. Sportsbooks took in close to a record $99 million in bets on last year’s Super Bowl. All indications are that, this year, they took in 3%-5% more for a new record.
The more money in play usually means the more casinos win. With a short underdog (2.5 points) winning this year, they stand to profit even more since only about 35% of the money bet was on the Seahawks. The night didn’t start off all that well for the sportsbooks, though, as the first score was on a safety. The few people that placed that bet scored a payoff of anywhere from 50-1 to 60-1.
Betting / Sportsbooks / Big Game / Super Sunday / Super Bowl / CG / Cantor Gaming / William Hill / Station Casinos / Sports Connection / Apps / El Cortez / South Point / Nevada Sports Books / → All Tags
Last year, a simple tip on skipping the line at sportsbooks during March Madness came in handy for many readers. And, it will likely do the same for many others when it comes to this weekend's Big Game.
So, what's the tip? Betting with your mobile phone is the quickest and easiest way to get a bet placed with a sportsbook. Over 60% of people in the US own a smartphone and, chances are that if you're in Las Vegas for the Big Game, you'll have one with you. You won't get a "free drink" ticket if you wager with an app, but if you're at an all-you-can-drink Big Game party, that probably doesn't matter. Not waiting in lines when you're in Vegas is the best way to have the most fun.
Football / NFL / Big Game / William Hill / Prop Bets / Gambling / Betting / Sportsbooks / Super Bowl / → All Tags
Betting on the
Super Bowl Big Game has grown almost every year over the past decade for two reasons. Obviously, the increased popularity of the game is a major reason for general growth of the sports, but prop bets (prop is short for proposition) have become more popular every year.
When William “Refrigerator” Perry scored a touchdown for the Chicago Bears in Super Bowl XX it woke gamblers up to the potential for big wins with prop bets when he cashed a 20-1 prop bet for some people. Prop bets have become so popular that there are now around 400 prop bets at most sportsbooks for the Big Game. Almost half of the money wagered will be on prop bets. That’s serious.
The prop bets you can make with sportsbooks in Las Vegas are based on the action on the field. The
silly fun prop bets, like “what color gatorade will be poured on the winning coach?,” are only available online. Those aren't legal in Nevada. The point spread and total were released over a week ago but, as you'd imagine, it takes some time to come up with another 400 prop bets so it took some time for them to be released. They're out now and we're ready to get down! Let’s take a look at a few of the legit prop bets that the William Hill sportsbooks made available on Friday.
NASCAR / Big Game / Super Bowl / Daytona 500 / Sportsbooks / Gambling / → All Tags
While most people are gearing up for the
Super Bowl Big Game, others are looking a few weeks ahead to an event that you can actually call the Super Bowl. The Daytona 500 is also known as the Super Bowl of NASCAR and takes place February 23 in Daytona, Florida. The Daytona 500 is the biggest and most prestigious NASCAR race of the year. If we’re going to watch one NASCAR race a year, this is the one.
NASCAR isn’t one of the major sports in America like football, baseball and basketball, but it is still very popular. While those other sports may occupy most of the TVs in the sportsbooks, you will usually find the weekly NASCAR race on at least one TV and it will always be available to bet.
Casinos / Blackjack / Sportsbooks / Horse Racing / 3 Card Poker / Gambling / → All Tags
When we think about casinos, we imagine there’s no way they can possibly lose money. The casino has a profit margin built into every game they offer. There may be less than a 1% advantage, but there’s still money coming their way. It’s a little surprising when you read the headline “Nevada Casinos Post Fifth Straight Fiscal Year Net Loss”. However, this article takes all revenue into account, not just the casino portion of the hotels in the state of Nevada. Seeing stories like this only make us more curious about how the numbers actually work. Luckily, UNLV’s Center For Gaming Research publishes a lot of this information.
Since this is VegasChatter and not NevadaChatter, we’ll look at Vegas Strip hotel data. It’s time for fun with numbers!
CES / Technology / Slot Machines / Sportsbooks / Consumer Electronics Show / G2E / Global Gaming Expo / → All Tags
The Consumer Electronics Show, more commonly known as CES, is in Las Vegas this week. CES is the largest convention in Vegas and features all kinds of technology from the realistic to the never-gonna-happen. Technology is such a part of our lives today that coverage has grown from the practical to the ridiculous. At VegasChatter, we’re more concerned with what we’ll be seeing in hotels and casinos than a famous guy freaking out.
Technology develops so quickly today that there’s much available, but only a few things seem as if they’re destined to succeed and be seen in Las Vegas casinos anytime soon. At the Global Gaming Expo (G2E), we may have been teasing when we said that slot machine manufacturers were making new games brighter and crisper because their audience was getting older and couldn’t see very well. While this may or may not be true, we do see a few new products at CES that could appeal visually to younger and older gamblers alike.
WSOP / World Series of Poker / Poker / Rio Las Vegas / Caesars Entertainment / Sportsbooks / Gambling / → All Tags
The field is comprised of eight professional poker players and one amateur player. The oldest (36) and most famous poker pro at the final table, JC Tran, has the chip lead with 38 million. The winner of the WSOP this year will earn a prize of $8,361,570 while the top seven finishers will become millionaires as well. The first player to lose at the final table at the WSOP tonight will earn $733,224. Not too shabby for a couple months of work.
Vegas Observations / Downtown Grand / Craps / Blackjack / Video Poker / Sportsbooks / William Hill / Gambling / Betting / Openings / Downtown / Downtown Vegas / → All Tags
Downtown Grand is a beautiful hotel. The hotel happens to have a casino. The casino is beautiful because it’s new, but it’s not very big and doesn’t feel very comfortable for a gambler. But, let’s begin with the good news.
Limits on table games are $5 (during the day) as the property's opening week kicks off. Blackjack pays 3:2 as it’s clearly marked on all tables. The small casino only has about 10-14 table games with about half being dedicated to blackjack. All games are dealt from a shoe which is nice, too.
We didn’t get to check all the video poker machines, but we saw 7/5 Bonus Poker available on most. Many are connected to a Royal Flush progressive which helps increase returns to a better level. The high limits room has better 8/5 Bonus Poker games, but you’ll have to do so on $1 3-play games there (that's $15 per game with max credits). These aren’t the worst video poker returns, but they’re not the kind of returns that will make Downtown Grand a destination for video poker players.