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Gambling Newsbeat

Friday, February 10, 2017

MLB commissioner: ‘We are re-examining our stance on gambling’

And on Wednesday at the Yahoo Finance All Markets Summit in New York, MLB Commissioner Rob Manfred confirmed that he is monitoring the issue and re-thinking pro baseball’s long-held stance on the issue.

“There is this buzz out there in terms of people feeling that there may be an opportunity here for additional legalized sports betting,” Manfred said. “We are reexamining our stance on gambling. It’s a conversation that’s ongoing with the owners.”

When fans bet on games, Manfred continued, it “can be a form of fan engagement, it can fuel the popularity of a sport. We all understand that.”

And make no mistake: fans are betting on games. The American Gaming Association estimates that $4.7 billion was bet on this year’s Super Bowl, an all-time high—but 97% of those bets were placed illegally.

RoyalsRetro (AG#1F) Posted: February 10, 2017 at 12:57 PM | 34 comment(s)
  Beats: gambling, rob manfred

Vegas win total for defending champ Cubs set at 95.5; totals for all 30 teams released

For the 11th straight year, the Atlantis Casino in Reno, Nevada, is the first sportsbook with MLB season win totals, and it set the Cubs’ number at 95.5 for betting that began Friday morning.

After opening the Cubs at 89 wins last year—second in the National League behind the San Francisco Giants—head oddsmaker and Atlantis sportsbook director Steve Mikkelson is now a believer….

In the NL, the Los Angeles Dodgers (91.5), Washington Nationals (90.5), New York Mets (89.5), St. Louis Cardinals (87.5) and Giants (87.5) also have win totals over 87.

In the American League, Mikkelson has the Cleveland Indians with the highest win total at 92.5, but he said the Boston Red Sox (90.5) have a better World Series shot.

RoyalsRetro (AG#1F) Posted: February 10, 2017 at 09:40 AM | 35 comment(s)
  Beats: casinos, cubs, gambling, odds, vegas

Tuesday, December 06, 2016

A record $1 billion bet on MLB in 2016

Putting Pete Rose in the pre-game studio is paying off.

Through October, $1.0 billion was bet on baseball at Nevada’s regulated sportsbooks, an all-time record, according to gaming control, and nearly double the amount that was bet in 2010. By comparison, $1.6 billion was bet on football (NFL and college) in 2015.

At a time when more money is being bet on baseball than ever before, Major League Baseball is taking a new approach to how it keeps track of the betting on its games.

A two-hour workshop highlighting potential benefits of legal sports betting and the technology available to protect the integrity of the games was held Monday at Major League Baseball’s winter meetings in Washington, D.C.

Major League Baseball partnered this spring with Genius Sports, a sports integrity firm that monitors international betting markets, looking for irregularities that may indicate corruption. Headquartered in London and with office in Los Angeles, New York and Washington, D.C., Genius Sports provides MLB with market analysis, real-time alerts and other protections designed to identify betting-related corruption.

Genius Sports estimates $55 billion is bet annually on baseball throughout the world, with only a small fraction taking place in legal markets.

RoyalsRetro (AG#1F) Posted: December 06, 2016 at 03:04 PM | 10 comment(s)
  Beats: gambling

Monday, November 07, 2016

South Korea Charges 21 With Match Fixing

Say it ain’t you, Yoo!

The South Korean police said Monday that they were pressing criminal charges against 21 people, including two professional baseball pitchers in the KBO League, on suspicion of match fixing.

In 2014, the pitchers, Lee Sung-min of the NC Dinos and Yoo Chang-sik of the Hanwha Eagles, deliberately walked batters in return for gifts and cash from match-fixing brokers, the police said. Lee now plays for the Lotte Giants and Yoo for the Kia Tigers.

The police said two NC Dinos officials covered up the match fixing when Lee confessed to it and then traded Lee to the KT Wiz for $875,000.

RoyalsRetro (AG#1F) Posted: November 07, 2016 at 11:32 PM | 2 comment(s)
  Beats: gambling, korean baseball, match-fixing

Thursday, September 08, 2016

Betting tout Adam Meyer pleads guilty in $45 million scam

Florida betting tout Adam Meyer pleaded guilty to extortion and racketeering Thursday in a scam that cost Fond du Lac millionaire Gary Sadoff $45 million — a sum that is nearly double the amount Meyer was originally charged with embezzling.
....
Meyer falsely claimed Real Money Sports used computer analysis and simulations to predict the outcome of games.

He previously claimed to have helped MLB with an investigation.

The Fallen Reputation of Billy Jo Robidoux Posted: September 08, 2016 at 04:02 PM | 25 comment(s)
  Beats: gambling

 

 

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