General

Investor Jim Chanos Bullish on Sports Wager Stocks

Famed short seller Jim Chanos is now bullish on sports wagering stocks. One reason is that US bettors like to place exotic wagers which he considers a deficiency. Chanos announced a short position in DraftKings in December 2021, calling the operator’s business model “flawed”. His firm initiated its DraftKings short in May 2021, and covered it in July 2022. He netted a $10 million profit. That was a smart moved because shares of the sports book operator have nearly double since August 5, 2022. They have also more than tripled on a year to year basis.

Chanos said he “underestimated” the degree to which the US sports bettors are “bad” at sports betting. One reason is that US bettors are placing lots of exotic and long odds wagers looking for a big payday. These bets are obviously hard to hit and have high profit margins for wagering operators. DraftKings and rivals such as MGM and FanDuel have been able to bolster margins and increase profitability through offerings including live bets and same game parlays.

It used to be that almost all bets were placed on money lines, sides, and totals, but in game, live betting has become increasingly popular. These lines change frequently. For example, if a touchdown is scored in a football game the line with change immediately. Or if a home run is hit in a baseball game the line will change. Those fluctuations typically play into the hands of the house, not the bettors. Same game parlay wagers are becoming increasingly popular as well.

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General

Lakers, Pacers Battle for NBA Cup in Las Vegas Finale

There are two teams remaining in the battle for the first ever NBA cup. The Los Angeles Lakers are the betting favorite when they meet the high scoring Indiana Pacers in the championship game. The Lakers are currently a 4 point favorite. The total points of the game is set at 242 points. The Lakers crushed the Pelicans in the semifinal to get to the final. They beat them by a score of 133-89. The Pacers beat Milwaukee by a score of 128-119 in the other semifinal. The in season tournament finale will be televised on ABC, Saturday 8:30 EST.

The Los Angeles Lakers are of course led by superstar LeBron James. James is averaging 25 points, 7.5 rebounds, and 6.6 assists. All this at the age of 38. LeBron is the outright favorite to win the in season MVP at -145 odds. The Indiana Pacers are led by breakout superstar Tyrese Haliburton. Haliburton is averaging 26.9 points and leads in NBA in assists with 12.1 per game. Haliburton is +145 odds to win the in season MVP. The Pacers play at a very fast pace and lead the NBA with 128.4 points per game. If they were able to keep that pace for the rest of the season they would set an NBA record.

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If you are interested, BetOnline has live dealer blackjack among other games. They are the clear industry leader when it comes to playing with live dealers. Their selection of games is amazing and second to none. They include, as mentioned, blackjack, roulette, and baccarat. This is just a small sample of games they offer with live dealers. The minimum bet for these live games are as low as 50 cents or $1. Try finding that at your local brick and mortar casino if you are lucky enough to live near one.

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General

Colts Running Back Undergoes Thumb Surgery

Jonathan Taylor, the star running back for the Indianapolis Colts, sustained a right thumb injury in week 12 during a victory against the Tampa Bay Buccaneers. Taylor jammed his thumb in the first half. Despite the injury he continued to play the entire second half. Taylor proceeded to score 2 touchdowns and rush for 91 yards in a big victory against the Buccaneers. An MRI taken Monday revealed ligament damage. The reason he underwent surgery was that he was worried he wouldn’t be able to grip the ball. The Colts are hoping their star running back will only miss 2 weeks of NFL action.

Checking division leaders around the NFL has the Miami Dolphins leading the AFC East. The Baltimore Ravens are in control of the AFC North. The Jacksonville Jaguars lead the AFC South while the Kansas City Chiefs lead the AFC West. In the NFC East the Philadelphia Eagles lead with the best record in the NFL at 10-1. The Detroit Lions lead the NFC North. The San Francisco lead the NFC West and the Atlanta Falcons and New Orleans Saints are tied atop the NFC South with identical 5-6 records. They are the only division leading teams with losing records.

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General

Browns QB Watson to Undergo Season Ending Surgery

Cleveland Browns QB Deshaun Watson is going to undergo season ending surgery it was announced today. Watson sustained the injury in the second quarter of last Sunday’s game vs the Baltimore Ravens. Cleveland came back and won the game after being down by 14 points in the 4th quarter. Watson said he’s in disbelief about the injury. An MRI performed Monday revealed Watson has a displaced fracture to the glenoid in his right shoulder. He will undergo immediate surgery to avoid further structural damage to the shoulder.

The AFC North division which has both the Browns and Ravens in it is a tight race. The Ravens lead the division with a 7-3 record, the Browns and the Pittsburgh Steelers are both 6-3, while the Cincinnati Bengals are currently 5-4. Baltimore hosts Cincinnati tomorrow evening on Prime Video. The Steelers visit the Browns on Sunday.

North Carolina sports betting won’t be available by January 8th. When legislators in North Carolina legalized sports betting earlier this year, January 8th is the date they wrote to allow for wagers to be placed. Regulators said Tuesday that the new program won’t be online by then. It is unclear when legal wagering will be available in the Tar Heel State. It could come as late as June 15th.

Well, if you live in North Carolina, we have good news for you. Some USA online blackjack casinos that we recommend have a sports book. And the good news is that they all accept and welcome USA players. One of the online casinos that we recommend which has a sports book is BetOnline casino. BetOnline has arguably the best sports book in the online casino industry. You can bet on just about any sport from anywhere in the world. This includes the NFL, NBA, NHL, and Soccer.

BetOnline and other casinos that we recommend also have live dealer blackjack. If you haven’t played with live dealers online you need to try it. This is quickly becoming the preferred way to play online for real money for many people. Playing with a live dealer is amazing in so many ways that you really need to try it out for yourself. While you are at it make sure you check out the amazing first time deposit bonuses these casinos have to offer. They are literally giving away thousands of dollars to get your business. Make sure you read the play through requirements of each casino. They all have them and they differ slightly.

General

Minnesota Vikings Lose Kirk Cousins For The Season

The Minnesota Vikings were dealt a huge blow yesterday when they lost their star quarterback Kirk Cousins for the remainder of the season to injury. Cousins went down in the fourth quarter with a torn Achilles tendon. The Vikings went on to beat the Green Bay Packers in that game. He will undergo surgery and miss the remainder of the season. Aaron Rodgers, who played for the Packers for many years, before being traded to the New York Jets this offseason, tore his Achilles tendon in the first game of the season.

The Vikings traded for Joshua Dobbs today. Dobbs previously played for the Arizona Cardinals. The season began with Nick Mullens as the backup to Cousins, but Mullens is currently on IR with a back injury. Rookie Jaren Hall came off the bench for the Vikings in relief of Cousins. He completed 3 passes for 23 yards and was sacked once. Hall is expected to start in week 9 against the Atlanta Falcons. Dobbs in expected to start week 10 against the New Orleans Saints. This is the second time Dobbs has been traded this season. He was with the Cleveland Browns in preseason.

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General

The MLB Championship Series Continues Tonight

The MLB championship series continues tonight in both the American and National leagues. The first game of the evening is between the visiting Houston Astros and the Texas Rangers. The series is tied at 2 games. Texas won the first 2 games of the series in Houston while the Astros have won the last 2 games. Both were played at Globe Life Field, the home of the Texas Rangers. Tonight’s game 5 is scheduled to be played at Globe Life Field as well. Both teams had identical records in the regular season going 90-72. Texas was 50-31 at home while Houston was 51-30 on the road. Justin Verlander is scheduled to pitch for Houston while Jordan Montgomery will take the hill for Texas.

Juventus star Nicolo Fagioli has been suspended for 7 months for betting on soccer on an illegal site. He will miss the rest of the Serie A season. A rising star of Italian soccer, the 22 year old’s gambling habits were uncovered as part of a police investigation. The site has possible links to organized crime. Fagioli didn’t bet on games he was involved in. He has reportedly amassed debts of $3.2 million and was receiving payment demands that involved threats and abuse.

San Francisco running back Christian McCaffrey has avoided serious injury. The 49ers lost their first game of the season last weekend to the Cleveland Brows. Rookie kicker Jake Moody missed a potential game winning field goal late in the first quarter. X-Rays were negative on McCaffrey’s ribs and the 49ers said he sustained an oblique muscle injury.

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Games

Minnesota Vikings Send Wide Receiver Justin Jefferson to IR

Minnesota Vikings all pro wide receiver Justin Jefferson has landed on the injured reserve list. This means Jefferson will miss at least the next four weeks of the NFL season. The Vikings are already struggling getting off to a 1-4 start. Losing Jefferson, who is widely considered the best receiver in the league, can’t be a good thing. Jefferson hurt his right hamstring last weekend playing against the Kansas City Chiefs. He will be eligible to return from his hamstring injury in week 10.

Injuries are piling up in the NFL after the first 5 weeks of the season. Fantasy football participants look at this as an opportunity to pick up some players off of the waiver wire. Some popular pickups this week include Indianapolis quarterback Gardner Minshew, rookie running back Roschon Johnson from the Chicago Bears, and wide receiver K. J. Osborn from the Minnesota Vikings. Osborn is sure to pick up more targets in Jefferson’s absence.

Undefeated San Francisco see Super Bowl futures bump. Heading into week 5 they were co-favorites with the Kansas City Chiefs at +550 to win the Super Bowl. Many predict this will be the Super Bowl matchup in February. The Philadelphia Eagles, who along with the 49ers, are the only undefeated teams left may have something to say about that. The Detroit Lions are 4-1 in the NFC and are considered a dark horse to represent the NFC in the Super Bowl. The Miami Dolphins are 4-1 just like the Chiefs in the AFC and are poised to give them a run for their money.

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General

Cincinnati Bengals QB Joe Burrow Questionable for MNF

The Cincinnati Bengals are hosting the Los Angeles Rams tonight and might be doing so without their star quarterback. Joe Burrow is a game time decision for Cincinnati who have started the season 0-2. Burrow has been nursing a calf injury which happened in the beginning of preseason. The Rams (1-1) square off in a rematch of Super Bowl LVI. In that game the Rams held off the Bengals to win 23-20. The Bengals are desperate the get their first win of the season. Since 1990, only 4 teams who have started the season 0-3 have made the playoffs. Despite the 0-2 start the Bengals are still -105 to make the playoffs on DraftKings.

Injuries continue to hit the NFL and this past weekend saw Mike Williams tear his ACL. Williams is a wide receiver for the Los Angeles Chargers. This happened in their 28-24 win over the Minnesota Vikings. Williams will miss the remainder of the NFL season. Last weekend Nick Chubb of the Cleveland Browns injured his knee and will also miss the rest of the season. Cleveland signed Kareem Hunt this past week to their roster. Hunt played for the Browns last season, but was not on their roster at the beginning of this season.

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General

Pennsylvania Casino Smoking Targeted in New Legislation

Pennsylvania Rep. Dan Frankel is not a fan of smoking exemptions for certain businesses like casinos. This is the second year in a row that he has introduced legislation in the Harrisburg capital that seeks to end the smoking loopholes for casinos and other venues currently immune from the state’s indoor smoking law. The law prohibits indoor smoking in most public spaces and workplaces. Pennsylvania passed its Clean Indoor Air Act in 2008. However, the law provides certain exemptions for casinos, cigar lounges, private clubs, and bars where alcohol generates the bulk of the establishment’s revenue.

In other news, an unnamed English pro soccer manager, embroiled in an alleged blackmail case, will not be sanctioned by the Football (Soccer) Association. The court documents shows that he gambled over $1 million over two years. He lost over $300,000 over those two years including betting on his own sport. This goes against recent punishment to Ivan Toney who also bet on soccer games. Toney was banned from soccer for 8 months for gambling on soccer games. Many viewed this penalty as very harsh.

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Sports Betting

Detroit Lions Eye First Division Title in 30 Years

The Detroit Lions are the betting favorite to win the NFC North at +140. This means that if you bet $100 on the Lions to win the division, and they do, you will get a total of $240 back. This includes your original $100 wager. The Minnesota Vikings are the second choice in the NFC North at +290. The Vikings are the defending NFC North champion. According to DraftKings divisional futures the NFC North is the tightest race in the NFL with odds between +140 and +400. The Green Bay Packers are +400 while the Chicago Bears are +380.

The Detroit Lions are +2200 to win the Super Bowl meaning if you bet $100 on the Lions to win the Super Bowl, and they do, you will get $2300 back for your efforts. These are just a few of the odds for the NFL futures. With the NFL season set to kick off on September 7th, sportsbooks are busy taking bets on just about anything.

There are many people that like making future bets which aren’t settled until the end of the season. Don’t worry if that’s not your cup of tea. There will be plenty of opportunities to bet on each game once the season starts. And most, if not all, of those wagers are settled after the game or even sometimes before the game is over.

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