Sports Wagering and Business This 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. 

CG Technology is coming to New Jersey. They have a partnership with the Meadowland Racing to develop a sports betting app. This is the 3rd skin that is associated with the Meadowlands. The other two are  FanDuel Sportsbook and PointsBet.  CG Technology have a great product and have associations with the Venetian and the Palms in Las Vegas.

Nevada came out on top with the bets on the Super Bowl. They held more than 10,000,000 thru out the state. New Jersey losses 4.5 million on the big game. Nevada had the advantage of having future bets that were tied to the contest. Prop bets and the Las Vegas experience prevails.

Most of the wagers that are coming into New Jersey Sports Books are on mobile devices. Meadowlands take 4 times as many bets online as they do on site. They have enhance the retail experience by  having a broadcast from the sports book that is hosted by Lisa Kierney, former ESPN and Sportscenter anchor. The show provides stats and information for the betting  public.  FanDuel is going with a similar concept in Las Vegas at Caesars Palace this fall.

Sports Betting 101: What is the difference between a straight bet and a parlay?

We will start providing some of the terminology is commonly associated with wagering on Sports Betting. We realized that many people are new to this experience so we want to introduce you to two of the plays that are popular to a seasoned player. A straight bet on a game is merely picking one play out of the many being offered and wagering on it. While there are odds associated with the bet it normally pays even money. So if you bet 105 you will win a 100. The additional 5 you put up is what is called the vig. That is the fee or cost of placing the bet. It will vary and be higher at some sports books based on the team you bet on.

A parlay is a series of multiple selections of two or more that are contingent on all of them winning or ending in a tie. The odds on this wager pay more than your standard straight bet and that makes this bet popular. They have a higher degree of difficulty and the odds of hitting decrease with each additional selection. So you can make a lot more money but you could lose your money quicker over time if this is your twist.

We would look at straight bets 1st and move toward parlays as you gain more experience in betting.

We strongly suggest you use Smart Responsible Gaming as a guideline for wagering on Sports and all casino. racetrack and lottery events.

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

G2E 2016 Countdown

In two weeks, we will be in Las Vegas for the G2E 2016. We plan to attend the educational seminars, network with the attendees & meet with vendors whose interests are similar to ours. Our interests?    Glad you asked. 

We are looking for ways to attract new customers through technology. We are seeking ideas and partnerships that will promote Smart Responsible Gaming. We will have interviews with the keynote speakers and moderators. There will also be a running blog that will recap events daily.

The G2E is the best place to get everything gaming related in one setting. This is why successful people attend this conference. If you are not able to make it this year but know you want next level success, we strongly suggest you follow us and share this post through your social media outlets.

"Better to prepare for an opportunity that never comes than for opportunity to come and not be prepared." This quote is from Whitney Young and cited by legendary motivational speaker Les Brown.

                   Follow me on Twitter, Facebook, Pinterest and Instagram for updates!
                   Check out my app, Smart Responsible Gaming at thegamingguym.com/

                                                        14 days until #G2E2016