Sports Webinar: Become Better at Betting

It took approximately 6 weeks but here it is. Smart Responsible Gaming launched the website with the concept of doing a sports betting webinar. The timing is perfect because 3 of the 4 professional leagues are about to resume play. Most of the public had to find other ways of coping with out sports. 

We no longer have to watch Netflix, binge watch an entire television series that we missed or replays of games played earlier in the season.

Live sports will mean we can watch our favorite past times on a consistent basis. Included in that group are the millions pf people that bet on the games. The lack of action left a void for so many adults. It is our wish that if you are going to watch the game and bet on it, that you do it more effectively.

Our webinar will facilitate that for you. You will learn 3 principles that will improve your wagering strategy. If you are a novice, you will learn the terminology associated with sports betting. Our webinar will appeal to women. Women make up approximately 20% of the sports betting population.

We think that is a growth marketing opportunity. 

The date of the webinar is July 29th at 11:00 AM. The cost is $30.  This information will make you a smarter bettor that looks at statistics and analytics. It will require you to rely less on emotional attachments and more on probability. If you are prepared to do that and maintain more of your money as you bet on games  then this is how you sign up.

                                                         Webinar Registration

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Sports Betting 101: The Point Spread and The Money Line

The point spread is what separates the winners from the losers. This makes a game that would have minimal interest generate betting action. Imagine the Sixers playing the Bulls. With no point spread, the only people that would bet on the Bulls would be their family members. When the point spread of 11 is attached to the game the public now will make a decision that is based on the value of the number. If the line was 25 then the value would lie with the Bulls. If the line was set at 1 then the advantage would clearly be with the Sixers. The 11 is a good example of a number that will generate interest on both teams.

The Money Line is the amount of money a bettor must risk to bet on a team without the spread. Your team must win the game. The amount you risk is based on the strength and popularity of the favorite team.  If the favorite is the Sixers over the Bulls, that money line would be -600 to get 100. But if you took the Bulls, the money line would be +450 if you bet 100. You can bet less than the stated amount but your payout is based on money line ratio. if you bet 6 dollars on the Sixers you would win $1. If you bet that same $1 on the Bulls and they win, you get $4.50. 

With both of these wagers you get your money back plus your winnings if you pick the correct team.

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Sports Business and Wagering this Week

This is a new feature that will post every Friday. Starting today, we will give you the latest news about Sports Business and Wagering that occurred in that calendar week. This will keep you current with the industry. These post will include trends about the sports betting market and information about what state is planning to offer it next. This will be a winning situation for a sophisticated operator and his constituents.

 
This week DC approved Sports Betting. While this market will be lucrative the restrictions on the use of mobile devices is a detrimental to everyone. This aspect of the legislation should be revisited.

Watch for any news about Sports Betting out of New York. With the amount of professional teams and population that have loyalty to them, this market will become the largest on the east coast. Poker play would get a huge shot in the arm as well.

Each of the increasing popular Sports Betting 101 Series will be part of this so you can have each post together. Since we add a new post to that series every week you will always see the previous 3 with this feature. We encourage you to follow and stay relevant.  

Things the Bettor needs to know
Why the bettor should wager with a legal operator
The Las Vegas Expierience

Happy Holidays!

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Why is Sports Betting exploding?

Donovan Mitchell exploding for a dunk!

Sports Betting is exploding in several new jurisdictions. From the player perspective, the ability to

wager legally outside of Nevada is long overdue. So casinos and racetracks are merely giving the people what they want. States were anticipating a repeal of PASPA by the Supreme Court. That is why so many put laws in place so pundits like myself can share content and opinions. States all over the US also saw the millions of dollars that Americans will wager on sports.

Las Vegas Sports Betting is coming to a state near you!

So the race is on! What state will be the leader?  Which operator offers the best odds?  FanDuel and DraftKings  are in a prime position because of their expertise with Fantasy Sports. Will this carry over to Sports betting? With so many options to choose from, the betting public is in the driver's seat.

Operators take heed! Location is important. But that alone will not be enough. But enough for now.

Get the answers to the above questions by following me on social media,

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                   Check out the app, Smart Responsible Gaming at thegamingguym.com/

Sports Betting Policy Summit

The U.S. Sports Betting Policy Summit was held yesterday in Washington D.C.  The magnitude of this event was so powerful the fact that the weather was increment did not diminish attendance. Topics covered included legislation, integrity and innovation. The event was put together by Spectrum Gaming Group and SportsRadar. Some of the notable panelist included Art Manteris,re known for sports wagering and Dan Spillane from the NBA league office. Naima Stevenson represented the NCAA and Jeff Stonebreaker presented the view from MLS.

  

Ted Leonsis on the right

The fireside conversation with Ted Leonsis; owner of the Washington Capitals and the Wizards was the highlight of the morning. Leonsis struck me as an owner that understand that people with expertise should be included with this sports betting and gaming phenomenon. He was able to engage the room with an understanding of common sense business practices that involve the use of analytics and mobile devices. It was a pleasure to have a private exchange with him.

While many different perspectives of what sports betting can be and how it should be regulated were proposed, I came away from the summit with two keys.

The first key is to know the landscape. The Nevada model for sports betting should be emulated but modified to a regional or local approach. The second is to make a conversion to a strong mobile application of your retail product for sport wagering. I would be happy to share some of my other thoughts about sports betting and how it can generate revenue in a start up situation. Reach out if you have inquiries and follow me on social media.

I want to acknowledge Spectrum Gaming for inviting me. They are knowledgeable and equipped to handle the business logistics of your gaming needs. SportsRadar also should be recognized for positioning themselves thru partnerships and association that can navigate your business into sports betting.

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                   Check out our app, Smart Responsible Gaming at thegamingguym.com/

Sports Betting and Esports at G2E

The G2E is the biggest gaming conference in the world with participation from every continent. What made this year stand out more than any other in the past 5 years? We are glad you asked. We have two reasons why this year was a winner.

Esports is taking the world by storm and the gaming industry is starting to take notice. There were multiple seminars devoted to esports this year. 3 years ago there were none. If we work for Wendy Williams we would be asking can you say Hot Topics?
Sports Betting is exploding into casinos, racetracks and mobile devices near you. Where else can you see a panel discussion headed by ESPN anchor Scott Van Pelt. This year there were 4 tracks devoted to Sports Betting. We are setting the over /under at 10 for next year's G2E.
Is Sports Betting coming to a casino or racetrack near you? Follow me and find out.

The effect of legalizing Sports Betting on Atlantic City and Las Vegas

After the monumental decision to legalize sports betting this week, Las Vegas and Atlantic City captured the spotlight. While most pundits shared opinions on ways to enjoy this practice legally in their own states, these two cities have the major ramifications. We will share  two of them.

Las Vegas will capture the attention of organizations that are adding sports betting to their gaming venues. This will include casinos and racetracks. They will emulate Vegas and attempt to do it on the same level but with a higher tax structure. Imitation is good but the results will not suffice. Look at the profit margin for most sports books. Casinos and Racetracks should lobby their state legislatures to come up with a tax rate that will allow them to make a profit and grow the market simultaneously.

Atlantic City will change the tourism paradigm of the Northeast and Mid Atlantic regions. During March Madness and the Super Bowl weekends, thousands of gamblers fly to Nevada to bet on the aforementioned events. They don't have to anymore. This effects air travel and hotel occupancy. Nevada goes down slightly while New Jersey goes up, The airport in Atlantic City gets a facelift. More flights into Philly and New York from the South and Mid West because of the reduction in travel time. Gamblers despise traveling across country when they have other options available. Gas

prices will inch up in the months of January thru March. Expect an increase in tolls that lead to AC in the next 12-18 months.

We will share more in the weeks leading to the #ECGC22. Look forward to seeing you then.
Here is the link to the top gaming conference this year. East Coast Gaming Congress


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Daily Fantasy Sports in Pennsylvania and New Jersey

This past Friday,the New Jersey Legislators passed a bill that will allow daily fantasy sports to be taxed and regulated at a rate of 10.5 %. The bill allows a fantasy sports operator to partner with a casino or racetrack if they want to. Pennsylvania is planning to allow wagering on fantasy sports.
The tax rate has not been finalized.

The upside for both states is new revenue and jobs. The online gaming arm of the casinos will continue to grow. Pennsylvania is proposing internet gambling similar to New Jersey. Daily Fantasy will attract more of a younger demographic the gaming industry.

The news about Fantasy Sports was not as favorable for DraftKings and FanDuel. They were involved in talks that would allow them to merge. The FTC announce that they could not do so because they jointly would control over 90% of the market. The direction for both companies is not clear going forward. They will remain key components as the market for fantasy sports expands in Pennsylvania and New Jersey.


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             Check out our app, Smart Responsible Gaming at thegamingguym.com