Will the big game save gaming in Atlantic City?

Though 44 percent of people surveyed by Rutgers-Eagleton poll thought that sports betting was a positive for Atlantic City, another 48 percent were less sure of its value, while another 31 percent thought it would make no difference. Florida developer Glen Straub, who submitted the losing bid, is challenging the sale.

“The reality is that it’s a big deal for Monmouth Park and that’s it,” said Alan Woinski, the president of Gaming USA, a consulting firm based in Paramus, New Jersey, in an interview, referring to a struggling race track in Oceanport, New Jersey, that under the state’s new law will be able accept sports bets. For one, the decline of New Jersey’s gaming industry has been years in the making and was hastened when lawmakers in neighboring Pennsylvania, a key Atlantic City market, allowed casino gaming. . Over the past few months, operators of the Revel Casino Hotel, which at one time was touted as linchpin of an Atlantic City revival, Trump Plaza and Showboat, closed their doors. “This whole thing is a snow job.”

“I don’t think it’s going to be the lifeline for the casinos,” said Alex Bumazhny, who follows the casino industry for Fitch Ratings, adding that the credit rating agency “doesn’t think it will make a big difference” in Atlantic City.

Another obstacle is that New Jersey residents are divided over the benefits of sports betting. Atlantic City casino revenue reached a peak of $5.2 billion, and tumbled to $2.86 billion last year nearly two dozen casinos were built within driving distance of the Jersey shore gambling mecca. According to data from the American Gaming Association, a trade group, about $3.4 billion was wagered on sports at casinos in Nevada in 2012, though the total amount generated by the state’s casinos race books was much smaller. 15, 2014 in Atlantic City, New Jersey.

“Nobody expected such a bizarre move,” said I.

Earlier this month, Brookfield Asset Management, owner of Las Vegas’ Hard Rock Hotel & Casino, acquired Revel for $110 million, a fraction of the $2.4 billion to build. But that law comes amid a major slump in gambling in the state. Nelson Rose, a professor at Whittier Law School who has written a textbook on gaming law, adding he wasn’t sure if New Jersey’s move will survive a court challenge. Chris Christie signed into law last week, Atlantic City racetracks and casinos can start accepting sports bets.

The NFL subsequently sued to block the law, claiming that it violated an 1992 federal law that restricted sports betting to four states. There probably isn’t anything that can save Atlantic City.”

Still, sports betting is starting up in New Jersey despite ferocious competition from a number powerful interests. Supreme Court refused to hear the state’s appeal, leaving the ban in place.

Atlantic City’s embattled casino industry, which has lost thousands of jobs this year as money-losing operator shut their doors, shouldn’t expect much of a boost from sports betting, experts say.

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A further damper on sports betting profits at Atlantic City casinos is the fact that it’s legal in Delaware and a handful of other states.

The reasons are many. “This isn’t going to save Atlantic City.

Second, as an economic activity, sports betting isn’t a game-changer. The AGA pegs the gross gaming revenue from sports bets at $170 million, a tiny percentage of the $10.9 billion consumers plunked down in the state’s casinos in 2012.

Under a measure New Jersey Gov. The Trump Taj Mahal has threatened to shut down next month unless it receives concessions from state officials. The state then eliminated all of its laws outlawing sports betting at tracks and casinos. Despite such concerns, Christie initially moved to permit sports betting in 2011 after voters approved a constitutional amendment to legalize it.

But State Senator Raymond Lesniak, an outspoken proponent for sports betting, pushed through a bill this that year that abolished the state’s existing prohibitions against sports betting. Casino industry experts have argued that it will be difficult for Brookfield to operate Revel as a casino because it never made a profit. and the NCAA have long opposed sports gambling because of fears it would lead to game-fixing. A federal court ruled in the league’s favor, and the U.S.

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A lifeguard boat sits on the beach in front of the closed Revel Casino Sept. Professional sports leagues in the U.S

Using Reverse Line Movement To Win

Carib ruled the roost season at 93-66-9, 58.5 percent, +18.55 units after ABC held the penthouse spot in the 2007-08 season.

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To back this up, our friends over at Prosportsonline.net have tracked the records for games where over 60 percent of the public has been on one side, yet there was reverse line movement of at least one full point from the opening number at the top sportsbooks in NFL, NCAAF, NBA and NCAAB. This may enable you to get the stale more favorable sports betting line at the time the reverse line movement hits at the triggering Sportsbook. The huge problem with this is that the nfl line, ncaaf line or nhl line may have moved too much by that time, and all of the value has been sucked out of the unpopular side.

. This is where an important word of caution is in order though. All of this will be fun to follow (not to mention profitable) when every sport except baseball are going on simultaneously during the winter months.

http://prosportsonline.net

NBA sports betting has the lowest two-year five-book RLM winning percentage among the 11/10 sports, but then again, every gambler in the world would kill to go 382-301-9, 55.9 percent, +48.90 units, and the 57.5 percent win rate this past season is nothing to sneeze at. The records quoted below are based on the bets being made at the triggering books, so beating the move by a half-point or a few cents now and then would actually make your record even better.

College Basketball sports betting was not too shabby either, with a two-year mark of 492-356-22, 58.0 percent, +91.96 units. Keep an eyes on the top five sportsbooks at Sports Insights though, as NCAAF sports betting has been very liquid in that regard, with only one sportsbook (believe it or not, Bodog) finishing in the top five both years.

So what exactly is reverse line movement? RLM takes place when a large majority of bets are on one team, yet the line moves in the opposite direction. Furthermore, they list the RLM records for many individual sportsbook, making it easy to spot which books this system is working at and which books it may be best to ignore.

The highest two-year winning percentage using RLM from the top five books belongs to College Football, which went 480-341-10, 58.5 percent, +95.10 units. Last year was a good RLM season for NFL sports betting (45-29, 60.8 percent, +11.91), but two sportsbooks that were in the top five in NFL RLM in both seasons.

Also, games where over 60 percent of the public are on one side, yet there is reverse line movement of at least 10 cents on the Money Line from the opening number at the top five sportsbooks in MLB and NHL sports betting has also been profitable.

So what we recommend is to only use the top five each season for each individual sport (in terms of units won). Keep in mind that NCAAB was the most liquid sport in terms of top-five sportbooks however, with not a single sportsbook making the top five both years. To illustrate, let us say that San Diego Chargers open at -7 over the Miami Dolohins, and over 70 percent of the sports bets placed on the game are on San Diego. It should be noted that many fewer MLB games have qualified so far this season (is the whole world using RLM now?), but smaller profits is still profit.Again, these records are for Money Lines only and do not include totals.Finally, NHL sports betting has picked up 148.49 units in two years, and unlike MLB, NHL had four sportsbooks out of the top five gain double-digit units this past season. We tracked the top five books for each of the pointspread sports for the last two years, as as you can see, this strategy has been profitable in every sport. Another important recommendation is to use a slow moving (but reliable) sportsbook. This would make Miami +6 the RLM play.

So what causes RLM when the aim of most sportsbooks is to get as close to balanced action on both sides as possible? The answer to this is quite simple: the sharp bettors; the one’s who give sports betting advice. RLM takes place when more money/ sportsbook picks are bet by the small percentage of bettors that are on the unpopular side (the sharps) than is bet by the huge majority of players betting the popular side (the squares). Note that these records are for sides only and do not include totals.

The NFL sports betting is generally considered the toughest sport to beat, yet blindly following this method produced an exceptional 59.2 percent win rate last season, improving the two year record to 328-249-12, 56.8 percent, +59.06 units. Quite a few RLM followers watch the moves until almost game time, and then bet accordingly. However, instead of the line rising as you might expect, it instead drops to Chargers -6.

prosportsonline.net

Now do the sharps win every single time? Absolutely not! However, they are right more often than they are wrong, so being on the same side as the sharps is a prudent strategy over the long run, and again, the best thing is that there in absolutely no conventional sports handicapping necessary..

By: Manny G

Thus, following reverse line movements is the same thing a following the smart money. Keep a close eye on Canbet here, as that Australian sportsbook cracked the top five both years.

The proper way to make a sports bet using reverse line movement is to place your bet as soon as there is an RLM of one full point (or 10 cents in MLB and NHL) off of the opening line. Sure, using this approach leaves open the possibility of the line turning around and moving back against you, but as you will see in bit, betting as soon as an RLM qualifies has been profitable in every major North American sport such as the last two seasons, so if one line turns around, so be it

New Jersey sports betting law struck down by U.S. appeals court | Reuters

government, called the law “yet another attempt” to allow sports betting “only under the conditions of the state’s choosing.”

It is also a victory for Major League Baseball, the National Basketball Association, the National Football League, the National Hockey League and the National Collegiate Athletic Association, which opposed New Jersey’s laws.

The 10-2 decision is a defeat for Republican Governor Chris Christie, who has seen courts void two state laws, including one in 2012, designed to raise revenue through sports betting.

Reflecting the stakes, two former U.S. The other thought PASPA was unconstitutional because it violated state sovereignty.

The case is National Collegiate Athletic Association et al v. Circuit Court of Appeals, Nos. solicitors general were on opposite sides of the case, with Paul Clement arguing for the sports organizations and Theodore Olson representing New Jersey.

Clement was not immediately available for comment.

New Jersey’s law banned wagers on state college teams and limited bets to people age 21 and older at casinos and racetracks.

The 3rd U.S.

One dissenting judge thought the 2014 law permissible despite PASPA. Governor of the State of New Jersey et al, 3rd U.S. 14-4546, 14-4568, 14-4569.

New Jersey argued that its law amounted to only a “partial repeal” of its prohibitions on sports betting, did not “license or authorize by law” such betting, and could help curb the “thriving” black market in the practice.

“We do have two judges dissenting,” Lesniak said, “and we certainly will take a shot at the Supreme Court.”

Rendell acknowledged the law’s “salutary purpose” in trying to revive those troubled industries, but said PASPA does not unconstitutionally “commandeer” the state.

“We are reviewing the opinion and considering our options,” said Paul Loriquet, a spokesman for state Attorney General Christopher Porrino.

The American Gaming Association, an industry trade group, wants PASPA repealed.

“We were relying on having sports betting to give a big boost to our ailing Atlantic City casinos and our suffering racetracks,” state Senator Raymond Lesniak, a Democrat from Elizabeth who sponsored the 2014 law and a 2011 voter referendum allowing sports betting, said in an interview. “It’s just wrong for Congress to deny New Jersey what the state of Nevada has.”

Nevada bookmakers made $231.8 million on sports betting in 2015, the state has said.

“Because PASPA, by its terms, prohibits states from authorizing by law sports gambling, and because the 2014 law does exactly that, the 2014 law violates federal law,” Circuit Judge Marjorie Rendell wrote. Circuit Court of Appeals in Philadelphia said the 2014 law allowing sports betting at casinos and racetracks violated the Professional and Amateur Sports Protection Act, a 1992 federal law prohibiting the practice in all states other than Nevada, Delaware, Montana and Oregon.

(Reporting by Jonathan Stempel in New York; Editing by Lisa Von Ahn and Tom Brown)

A federal appeals court on Tuesday said New Jersey cannot legalize sports betting, in a big defeat for supporters of the years-long effort to allow such wagers in the state..

The sports organizations, backed by the U.S