bettingroundup032318 Betting roundup

SCOTUS has yet to issue sports betting ruling; Tiger Woods becomes favorite to win Masters

Each Friday, 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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The U.S. Supreme Court did not announce a decision on the sports betting legalization case this week.

It was the second straight day the court failed to issue a ruling, although it did release four other rulings during that time. It now appears that March 27 and 28 are the likely next dates it could rule.

Las Vegas sportsbooks are now listing Tiger Woods as the favorite to win the Masters.

The Westgate SuperBook on Thursday moved Woods from 10-1 to 8-1, putting him slightly ahead of Dustin Johnson and Justin Thomas, who are each 9-1.

Woods also is the Masters favorite at Caesars Palace and William Hill sportsbooks.

After finishing in a tie for second at last week’s Valspar Championship, Woods entered this week’s tournament at Bay Hill as the betting favorite. It’s the first time he has been the favorite to win a PGA Tour event since the 2014 Honda Classic. At the Westgate, more bets were placed and more money was wagered on Woods to win the Arnold Palmer than on any other golfer.

With Woods off to a fast start again this week, Jeff Sherman — golf odds specialist at the SuperBook — said he adjusted Woods’ odds with anticipation of more support to come in for him to win the Masters.

The Westgate SuperBook is offering Conor McGregor as a -1,000 favorite in a hypothetical mixed martial arts bout versus Floyd Mayweather.

The Westgate SuperBook installed McGregor as -1,000 favorite Monday over Mayweather, who opened as a +650 underdog. The sportsbook mandates that the fight must be MMA only and take place before Sept. 1, 2019.

Mayweather defeated McGregor in August in a boxing match that generated massive betting interest. Nevada officials estimated $65 million was bet on Mayweather-McGregor, the most ever for a boxing match, and sportsbooks in the United Kingdom also reported record betting action on the first clash between the two sports’ brightest stars.

Mayweather (50-0, 27 KOs) was a big favorite over McGregor in the boxing ring, closing at around -500 odds at most sportsbooks. That bout had also opened at Westgate as a hypothetical, in February 2017, with Mayweather as the -2500 favorite and McGregor the +1100.