Twice weekly, we’ll comb through as many articles, tweets and podcasts as we can find related to the world of sports betting and daily fantasy sports, and publish the good stuff here.
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English sportsbooks could have to pay out $14 million if first-place Leicester City goes on to win the Premier League. Leicester City has six matches left with a seven-point lead over second-place Tottenham Hotspur.
“The fairytale is definitely alive for punters [gamblers], and the bookies’ nightmare is becoming a reality,” Sharpe said.
He disclosed that William Hill has 25 bettors who plunked down money on Leicester when the team was 5000/1.
A man named Leigh Herbert, who lives in Leicester, cashed out $2.84 of his $7.10 bet. He was paid $8,028.74 for taking 40 percent of his bet off the table on Friday.
“I am a big Leicester fan and I strongly believe they will go on to win the Premier League,” Herbert said, in a release by William Hill. “But my fiancé has made me acknowledge that sometimes you have to make decisions with both your head and your heart. I still have a decent chunk on Leicester and will be watching this go down to the wire.”
He said the payout for the company will be the most expensive single payout in football history. He would not reveal how much exposure the company has or if it has been able to successfully make deals with bettors as its competitor has.
Geoff Freeman, president and CEO of American Gaming Association, wrote about the legal changes needed for “American’s new pastime.”
Despite this prohibition, Americans placed an estimated $150 billion in illegal bets on sports last year. Two possible remedies exist: dramatically increase law enforcement resources to crack down on illegal gambling, or adopt a new approach that would bring sports betting out of the shadows and into robust regulation, full transparency and real-time monitoring of wagering activity.
Villanova, which closed as a 2-point underdog to North Carolina, won the national championship last night with a buzzer-beating three pointer. Micah Roberts recorded the scene at the Westgate Las Vegas SuperBook during the final moments.
Not your ordinary Monday in Vegas. Great time all day at Westgate @LVSuperBook culminating with this…. pic.twitter.com/YmMgzaCgCt
— Micah Roberts (@MicahRoberts7) April 5, 2016
An Australian study shows that online sportsbooks are starting to use similar marketing techniques as the tobacco industry to suggest that sports betting is a part of the country’s culture.
As the Turnbull government prepares to unveil reforms to crack down on foreign bookmakers, a study has found that betting giants are increasingly using gender stereotypes, fan rituals and images of mateship to “normalise” online wagering through highly targeted advertisements.
“The same playbook that we saw in tobacco and alcohol is happening again,” said Samantha Thomas, a public health academic at Deakin University, which led the study.
“It’s being depicted in advertising as though it’s part of Aussie culture – this idea that if you’re a true Aussie bloke, you go to the pub, you hang with your mates, you watch your sport and now you also gamble on sport as well. We should all be smarter about the way these companies seek to normalise their product.”
Last Friday, the owner of the Oakland Raiders toured UNLV’s Sam Boyd Stadium to see if the Las Vegas university could be a temporary home for his team.
“They’re really excited about Las Vegas,” Newcomb said of the Raiders. “Mr. Davis had never been to Sam Boyd before, and I think he was surprised and excited about how nice it was.”
“The main thing was to see everything,” Newcomb said. “I know Mr. Davis is interested in Las Vegas, and if we can accommodate him, we would love to be able to help.”
The Golden State Warriors are now at -380 to win at least 73 regular season games at Westgate Las Vegas SuperBook after splitting their last two games including an upset home loss against the Boston Celtics.