Tag: Sportsbooks

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The SLS Las Vegas Casino Is Promising

April 10, 2014 at 2:30 PM | by | Comments (14)

SLS Las Vegas has revamped their website and revealed some interesting facts about their casino that have us excited for its opening at the end of summer.

Last year, we relayed Sam Nazarian's vision for the SLS sportsbook. He mentioned that it would be operated by an outside company, later revealed as William Hill. He also said that it wouldn’t be a traditional sportsbook, rather it would be a combination sportsbook and bar/restaurant. A place to grab a beer and a burger while watching the game you just bet on. Now, we know the sportsbook will be attached to Umami Burger and a beer garden. Add in some 50 TVs and the concept sounds great. We can’t wait to see it in action!

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March Madness Is Finally Here

March 17, 2014 at 5:38 PM | by | Comments (2)

It feels as if we’ve been talking about March Madness all year (because we have been), but it’s finally here. The NCAA college basketball tournament begins tomorrow night. (Although, March Madness in Vegas doesn’t begin until Thursday at 9 a.m.)

It’s almost game time, odds to win the college basketball championship have been adjusted and point spreads are available. Sportsbook operators and the committee that pick the teams may not agree on how teams were seeded, but that tension only helps make the tournament so much fun.

If you’re in Vegas before March Madness begins and are looking for a different way to get in on the action, you can play a couple contests that cover the entire NCAA tournament:

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Cantor Releases 2014 NFL Season Win Totals

March 11, 2014 at 3:23 PM | by | Comment (1)

Most of us are getting ready for March Madness or the first pitch of the Major League Baseball regular season. Football isn't front and center with most people that bet on sports, but that hasn't stopped Cantor Gaming (CG Technology) from looking forward to the NFL season. It's the first sportsbook operator to post season win totals for the next pro football season.

Over the past couple seasons, Cantor has become the first sportsbook operator to release NFL season win totals but this marks the earliest they've posted them to date. In fact, this is the earliest any sportsbook operator has released season win totals. Ever. Free agency hasn't begun yet and the NFL Draft is weeks away, but if you can see into the future maybe you're ready to place bets on how teams will perform. Take a look:

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The Cromwell Will Not Have A Sportsbook... Or Poker Room

Where: 89109
March 5, 2014 at 7:33 PM | by | Comments (13)

The Cromwell will not be Barbary Coast and it will not be Bill’s Gambling Hall. The Cromwell is a boutique hotel with nightclubs, a pool and, oh yeah, a casino.

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.

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Now That Spring Training Is Here, Learn The Basics Of Betting On Baseball

March 4, 2014 at 3:20 PM | by | Comment (1)

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:

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Vegas And The World Cup

February 7, 2014 at 3:52 PM | by | Comments (3)

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.

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In Case You Didn't Know, You Can't Wager On The Olympics

February 6, 2014 at 1:15 PM | by | Comments (3)

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.

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Seahawks And Vegas Sportsbooks Win Big Game

February 3, 2014 at 3:41 PM | by | Comments (4)

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.

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How To Avoid Lines When Betting On The Big Game

January 28, 2014 at 2:45 PM | by | Comments (8)

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.

Football is more popular than ever. Bookmakers expect to take more bets than ever before on the Super Bowl. There are more prop bets available than in years past.

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.

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Big Game Prop Bets Are Ready

January 27, 2014 at 12:17 PM | by | Comments (0)

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.

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Getting Rev'd Up For The Super Bowl Of NASCAR

January 15, 2014 at 4:01 PM | by | Comments (0)

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.

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How Are Vegas Strip Casinos Making And Losing Money?

January 14, 2014 at 1:08 PM | by | Comments (3)

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!

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