Tag: Draft

NFL Draft Betting Is White Hot As It Goes Virtual, Gems Could Still Abound

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The NFL Draft was supposed to have been held on a virtual island constructed within the fountain pool of the Bellagio in Las Vegas. Instead, it will be held in an archipelago of virtual spaces around the United States, another bi-product of the COVID-19 pandemic impacting daily lives and daily distractions. Even America’s favorite sport and betting pastime.

This will be weird, as commissioner Roger Goodell curates the online proceedings from his basement in Bronxville, free (at least in person) of the jeers. After all, those congratulatory handshakes would require so much soap afterwards.

But in many ways, this draft will represent a return to normalcy, or, at least, new-normalcy with the prospect of actual games — for the NFL or any league — still a speculative exercise.

And that’s in part why the draft, which commences on Thursday, April 23, has mushroomed as a betting market in the absence of most any other live action, other than obscure European soccer or table tennis or esports.

The draft schedule is as follows: Round 1, April 23, 8 p.m. ET.; Rounds 2-3, April 24, 7 p.m. ET.; Rounds 4-7, April 25, 12 p.m. ET. It will air live on ESPN, ABC, NFL Network.

Excitement around NFL Draft betting

Typical draft intrigue combined with loads of free time for sharps and dabblers to apply to analysis could lead to some lucrative opportunities for bettors.

“No matter how many mock drafts you read, no matter how much you’re around what the general consensus is, there are always surprises. There’s always picks we didn’t see coming or a team that valued a player much higher than everyone else,” PointsBet Sports Content Manager Andrew Mannino told PlayUSA. “So, I think that in this time where people have more, sort of, space and mental time to devote to thinking this out, there are definitely some gems out there.

“And I think that when we see those usual surprises that we see in the early picks of round one, I think that there’ll definitely be some people who find some gems.”

Mining for them has been brisk on both coasts.

PointsBet has taken more than double the amount of NFL Draft bets as this time last season.

For sports-starved bettors, an NFL Draft like never before

That the now-virtual event represents one of the first tangential connections to a beloved American sport since the COVID-19 lockdown broadens the importance of those extra offerings, he said.

FanDuel and DraftKings representatives told ESPN that betting volume was markedly higher than last year, also, and Fox Bet traders told PlayUSA that they expect volume for the upcoming draft to be “four to five times” a normal year.

William Hill director of trading Nick Bogdanovich said his company had planned on posting “five or six times” more draft proposition bets than usual – they’ve only been allowed by the Nevada Gaming Control Board since 2017 – because of expected interest in a Las Vegas-based ceremony.

“Betting is definitely way up,” he told PlayUSA. “I don’t know what the exact number is. Is it up three times, four times, eight times? But it’s going to be quite substantial.

“We were going to originally [post more bets] just because the draft was in Las Vegas and it was going to be 800,000 crazies here for three days and it was going to be off the hook. So, I knew that we had to get a bigger and better menu up for this year on that alone. But when all that fell through, just the sheer demand for it was there still there.”

PointsBet has launched 210 markets compared to 120 last season. That’s both to accommodate customer demand for something familiar, and because traders don’t have the other major sports to cover, Mannino said.

“As we get more experienced, as legalized sports betting in New Jersey continues to evolve, we’ve got more experience to look back on. There definitely would’ve been an uptick in our offerings, but we would’ve had a lot more on our plate in the meantime and we would have been spending a lot of time on college basketball, the NBA and NHL,” he said. “So, we certainly wouldn’t have as much attention to devote to it. I think the bettors have more time too.”

Tua Tagovailoa speculation a popular betting market

Not even poor broadband can prevent the Cincinnati Bengals from selecting former LSU quarterback Joe Burrow first-overall.

Maybe.

The national-title-winning, Heisman Trophy-winning quarterback has been heavily critiqued, as expected, in the weeks preceding the proceedings, but also elicited praise from the likes of Hall of Famer Brett Favre. Bogdanovich considers Burrow such a lock at number one that his company isn’t offering any prop bets on the first-overall pick.

“It’s not really a viable booking proposition. It might be worth some publicity or something,” he said. “They’ve already declared it, that they’re going to take him, so no one’s going to lay it.”

Burrow is a staggering -100000 to be the first player taken at FanDuel, but a relative bargain at -10000 at PointsBet and DraftKings, which even has a market on where his supposed predecessor, Andy Dalton, will play next season.

Multiple outlets have markets on whether the last player selected, the so-called ‘Mr. Irrelevant’ will be an offensive or defensive player. Draftkings posted a potentially lucrative trifecta of sorts in asking the exact order of the first three running backs selected.

Multiple sportsbooks are offering matchplay bets asking which player will be taken first. Former Alabama quarterback Tua Tagovailoa opened at -150 at William Hill to be drafted ahead of Washington counterpart Justin Herbert (+130) and has lost public favor despite recent public discourse regarding his history injury.

Meanwhile at DraftKings, in a prop pitting two of Tagovailoa’s former targets, wide receiver Jerry Jeudy is heavily favored (-225) to be taken before teammate Henry Ruggs III (+225).

FanDuel has a market on first “Hog Molly” taken, with another Crimson Tide product, offensive lineman Jedrick Willis Jr., the clear favorite.

Ohio State defensive end ChaseYoung is the runaway favorite for first defensive player taken, standing at -3000 to go second at FanDuel and -10000 at PointsBet

Virtual draft has changed virtually everything

While Bogdanovich considers Burrow a lock at the top spot and Young a near-cinch to Washington at No. 2, the rest of the draft, he said, has become a fascinating case study in decision-making in a vacuum.

That includes team player personnel and bettors.

“Everything’s changed for all the people preparing for the draft. All you’re hearing is a lot of rumor and innuendo on social media and Twitter and people running with it,” he observed. “It’s really the most wide-open crapshoot of all time.

“The draft starts at [pick] three. At three you never know. For the longest time, everyone talked about Tua, somebody trading up and taking him in the three hole and now there’s talk of him dropping out of the top ten. So that goes to the wildness of this whole situation. I mean, it’s great theater.”

Bogdanovich likened the situation to two years ago when the first experiment of allowing betting on the Academy Awards in New Jersey was briefly halted after social media buzz suggested the winner of the Best Director category had leaked, swinging betting volume toward away from the favored eventual winner.

“Maybe some team started the rumors so they could get [Tagovailoa] at an earlier spot. You really don’t know,” Bogdanovich said. “I mean, obviously, we’ll tune in on Thursday and we’ll all find out.

“But like I said, it’s all speculation and if you’ve done any research at all in this mock draft, it’s so all over the place. It’s not even funny. I mean some people got [Utah State quarterback] Jordan Love going six and some going 28. It’s interesting and it’s good. Everyone’s getting a little taste of the NFL right now.”

Rumor-prompted market volatility has kept PointsBet traders busy, Mannino said, with Tagovailoa at the center in the New Jersey market, also.

“We’ve seen case after case where a rumor starts and then it’s reflected in the mock draft. And then there’s smoke and then bettors are coming for it,” he said. “It’s keeping us on our toes for sure and the odds are fluctuating all the time.

“At the end of March we had Tua as -650 to be the second quarterback drafted and Herbert at +500. Today they’re both at -115 and it’s a coin toss. We’ve seen rumors come out or you see a new mock draft and people chasing it, getting in on it. And as those rumors circulate, it certainly can be having an impact in the betting community.”

Vegas misses another party in a lost spring

A vacant Strip has been strange enough to process for Bogdanovich, a Las Vegas native. The lost opportunity for the city to host its own house-warming party for the NFL has left him equally disappointed. He’ll still be in his office, as usual, for the draft, but he would have ducked out if the bash had gone on as planned.

“It was going to be crazy,” he said. “People just absolutely love the NFL Draft and there’s not a better place in the world to hold an NFL Draft than in Las Vegas. So it would have been worth going down to see the scene.

“We have to shut betting off at a certain time anyway, so I probably would have driven down to The Strip and from a distance watched the wildness.”

It’s still going to be wild. And a little weird. But there are gems to be found.



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Good Sports Betting News For Esports And The NFL Draft

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The coronavirus pandemic has sent shockwaves across the gaming world.

As it has been well-documented, the majority of — if not all — casinos in the US have closed their doors. Sports leagues suspended games, canceled seasons and postponed major events.

Operators have scrambled to unearth ways in which to at least partially make up for lost revenue.

Enter, esports betting. And on the horizon, NFL Draft betting. The silver lining has shown itself.

On to the Rewind:

Esports betting gets green light in Nevada

The entertainment world has had a void for several weeks due to the coronavirus. No games. No sports. No avenue for legalized sports betting.

Gaming regulators in two states, however, have signed off on esports betting.

The Nevada Gaming Control Board approved wagering on the Counter-Strike ESL Pro League at each of the state’s sportsbooks. How many more events receive the green light in Nevada — or in any other state, for that matter — obviously depends on how much action is drawn.

Another state has dipped its toes into the esports betting waters.

Like Nevada, New Jersey requires operators to request approval from the Division of Gaming Enforcement before taking bets on esports. The Garden State saw its first esports betting action late last year by allowing bettors to place wagers on the League of Legends World Championship Final.

As Rahul Sood, CEO of esports betting operator Unikrn, told Legal Sports Report, state regulators “are willing to move quickly” to approve esports betting — especially if “real” sports continue to be sidelined.

Oregon sports betting fleeced by SBTech

Before Oregon sports betting launched in late-2019, the Oregon Lottery projected confidence and optimism that the state’s regulated industry could flourish.

Alas, it appears as if the lottery underestimated the costs of having partner SBTech in its corner.

A monthslong court battle ultimately ended with SBTech releasing details of its contract with the Oregon Lottery. And as it turns out, the sports betting provider has billed its partner for at least $2.9 million, causing the lottery to potentially lose $5.3 million over the first nine months of the 2020 fiscal year.

This despite the Scoreboard betting app helping generate a net revenue of nearly $6 million.

As Legal Sports Report detailed, “Managed Service Fees” have led to most of the SBTech-related costs. Among them:

  • SBTech gets 16% of net revenue and minimum monthly payments of $300,000 for the first six months and $350,000 thereafter
  • After 36 months, the “Minimum Managed Service Fee” increases to 17%

Certainly, this all becomes convoluted and even confusing to many, so consider the following: At full maturity, Oregon sports betting revenue gets handcuffed by SBTech costs. For example, as laid out by LSR, in a $5 million month of gross gaming revenue, SBTech would receive more than $1 million.

NFL Draft still on, NFL Draft betting still a go

Wrapping up the Rewind on a positive note is a conscious effort. With pro sports still sidelined, the news of the NFL Draft still expecting to go on as scheduled provides some much-needed joy.

While all events originally planned for Las Vegas have been scrubbed, the draft will still take place. As such, draft betting is still alive and well at legal sportsbooks.

Details of how the event will play out are reportedly still being worked out. For now, though, we can keep April 23-25 scheduled.

At many sportsbooks, operators are accepting bets on a variety of draft-related topics:

  • No. 1 overall pick
  • Order of first three picks
  • Over/under players selected by team and conference
  • Round of first kicker selected
  • Round of first punter selected

Far and away, LSU QB Joe Burrow remains the favorite to go No. 1 overall (FanDuel Sportsbook lists him at -3500) to the Cincinnati Bengals. Perhaps, though, the unexpected could happen, like Ohio State DE Chase Young taking the top spot. That’s good for a +1400 payout with FanDuel.

From esports to the NFL Draft, not all is lost for bettors.

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Categories: Gambling News

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Good Sports Betting News For Esports And The NFL Draft

[ad_1]

The coronavirus pandemic has sent shockwaves across the gaming world.

As it has been well-documented, the majority of — if not all — casinos in the US have closed their doors. Sports leagues suspended games, canceled seasons and postponed major events.

Operators have scrambled to unearth ways in which to at least partially make up for lost revenue.

Enter, esports betting. And on the horizon, NFL Draft betting. The silver lining has shown itself.

On to the Rewind:

Esports betting gets green light in Nevada

The entertainment world has had a void for several weeks due to the coronavirus. No games. No sports. No avenue for legalized sports betting.

Gaming regulators in two states, however, have signed off on esports betting.

The Nevada Gaming Control Board approved wagering on the Counter-Strike ESL Pro League at each of the state’s sportsbooks. How many more events receive the green light in Nevada — or in any other state, for that matter — obviously depends on how much action is drawn.

Another state has dipped its toes into the esports betting waters.

Like Nevada, New Jersey requires operators to request approval from the Division of Gaming Enforcement before taking bets on esports. The Garden State saw its first esports betting action late last year by allowing bettors to place wagers on the League of Legends World Championship Final.

As Rahul Sood, CEO of esports betting operator Unikrn, told Legal Sports Report, state regulators “are willing to move quickly” to approve esports betting — especially if “real” sports continue to be sidelined.

Oregon sports betting fleeced by SBTech

Before Oregon sports betting launched in late-2019, the Oregon Lottery projected confidence and optimism that the state’s regulated industry could flourish.

Alas, it appears as if the lottery underestimated the costs of having partner SBTech in its corner.

A monthslong court battle ultimately ended with SBTech releasing details of its contract with the Oregon Lottery. And as it turns out, the sports betting provider has billed its partner for at least $2.9 million, causing the lottery to potentially lose $5.3 million over the first nine months of the 2020 fiscal year.

This despite the Scoreboard betting app helping generate a net revenue of nearly $6 million.

As Legal Sports Report detailed, “Managed Service Fees” have led to most of the SBTech-related costs. Among them:

  • SBTech gets 16% of net revenue and minimum monthly payments of $300,000 for the first six months and $350,000 thereafter
  • After 36 months, the “Minimum Managed Service Fee” increases to 17%

Certainly, this all becomes convoluted and even confusing to many, so consider the following: At full maturity, Oregon sports betting revenue gets handcuffed by SBTech costs. For example, as laid out by LSR, in a $5 million month of gross gaming revenue, SBTech would receive more than $1 million.

NFL Draft still on, NFL Draft betting still a go

Wrapping up the Rewind on a positive note is a conscious effort. With pro sports still sidelined, the news of the NFL Draft still expecting to go on as scheduled provides some much-needed joy.

While all events originally planned for Las Vegas have been scrubbed, the draft will still take place. As such, draft betting is still alive and well at legal sportsbooks.

Details of how the event will play out are reportedly still being worked out. For now, though, we can keep April 23-25 scheduled.

At many sportsbooks, operators are accepting bets on a variety of draft-related topics:

  • No. 1 overall pick
  • Order of first three picks
  • Over/under players selected by team and conference
  • Round of first kicker selected
  • Round of first punter selected

Far and away, LSU QB Joe Burrow remains the favorite to go No. 1 overall (FanDuel Sportsbook lists him at -3500) to the Cincinnati Bengals. Perhaps, though, the unexpected could happen, like Ohio State DE Chase Young taking the top spot. That’s good for a +1400 payout with FanDuel.

From esports to the NFL Draft, not all is lost for bettors.

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The Las Vegas Raiders Are Official, Plus A Peek At The Sin City-based NFL Draft

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The NFL is about to make a significant impact on Las Vegas, and the Raiders moving to town is only the beginning.

The Raiders team, formerly located in Oakland and Los Angeles, is moving to their new home in the Silver State.

A recent media announcement revealed the NFL team is now called the Las Vegas Raiders. The team recently updated its Twitter page to reflect the change.

This shift may not seem like a big deal, but it’s just the beginning of the NFL movement in Las Vegas. The Raiders will kick off its inaugural 2020 season in Vegas, along with the rest of the league.

The Raiders’ debut remains on schedule despite a delay with the installation of a translucent roof at Allegiant Stadium

Don Webb, the Las Vegas Stadium Co.’s chief operating officer, said the installation of the roof should be finished in May instead of April.

NFL Draft in Las Vegas

Image courtesy of Clark County Nevada.
Image courtesy of Clark County Nevada.

The NFL will invade Las Vegas months before the Raiders play their first game. 

The Las Vegas Convention and Visitors Authority (LVCVA) is expecting nearly 750,000 people in Sin City for the 2020 NFL Draft on April 23-25. Expect numerous events from interactive games to autograph sessions.

For comparison, last year’s draft in Nashville saw 600,000 people during the three-day event.

According to the Las Vegas Sun, the LVCVA is estimating that each of the first two days of the NFL Draft will bring upwards of 350,000 people to The Strip. 

In contrast, New Year’s Eve is one of the busiest days in Las Vegas, and it’s estimated that 300,000 visitors attended the celebration.

The draft will likely create havoc on the Vegas Strip. Las Vegas Boulevard will be closed at Flamingo. Visitors can walk between the red carpet stage at the Bellagio fountains and the main draft and NFL experience behind The Linq (next to the new Caesars Forum conference center).

Las Vegas Raiders, MGM and Allegiant Stadium all partner

MGM Resorts recently announced deals with both the Las Vegas Raiders and Allegiant Stadium. MGM is now an official gaming partner of the Raiders. The largest casino operator on the Vegas Strip is also a “founding partner” of Allegiant Stadium.

MGM Resorts will have close ties to the Raiders and Allegiant Stadium. 

The deals will make MGM Resort’s casinos in Las Vegas an official home of Raiders’ pre-game and post-game parties. The bulk of the gatherings should take place at Mandalay Bay and Luxor since the two casinos are walking distance to the stadium.

Raiders president Marc Badain said, “MGM Resorts is an institution in the gaming and hospitality industry and the activations they have planned for Raider games.” 

Specific plans for MGM Resorts and the Las Vegas Raiders aren’t known yet. However, MGM Resorts’ sports betting app will launch in Nevada before the NFL Draft and season begin, according to Legal Sports Report

There should be plenty of opportunities for special Raiders-themed promotions.

MGM Resorts is the second Las Vegas casino operator to become a founding partner of Allegiant Stadium. In 2019, Caesars signed a similar deal with Allegiant Stadium. MGM Resorts will have signage, special entrances and a VIP club.

MGM Club, at Allegiant Stadium, will offer an ultra-exclusive experience with a full-service premium bar, luxury lounge and upgraded stadium seating to watch the game. 

Together, these deals will give MGM Resorts access to former and current Raiders players.

Allegiant Stadium will be more than Las Vegas Raiders football

The Raiders were the catalyst behind building Allegiant Stadium; however, the venue will offer more to Las Vegas. 

MGM Resorts will receive maximum exposure during events. AEG, the facilities manager, expects 46 events per year at Allegiant Stadium.

The Las Vegas Raiders and UNLV football games will occupy 16 of those 46 events. Some events that may have taken place at Boyd Stadium in the past will choose the new venue near the Strip. 

Additionally, the state-of-the-art stadium will likely be a tour stop for the artists popular enough to perform at a 65,000+ capacity venue.

Billboard says Motley CrüeTaylor Swift and Kenny Chesney all have stadium tour stops in Los Angeles, but not in Vegas. The music industry trade magazine also postulates that Allegiant Stadium could be home to future Las Vegas residencies.

The Raiders moving to Las Vegas is about more than just eight regular-season games.



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MLB Draft Features Family Members of Front Office Personnel

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Major League Baseball’s 2015 draft featured a name that has already set a record for the sport. Milwaukee selected a player whose name contains 32 letters, by far the longest ever chosen in the draft.

The new member of the Brewer organization is Oluwademilade Oluwadimola Orimoloye, an outfielder taken in the second round. Should he progress and work his way up the big leagues, Orimoloye will become the first African-born player to ever suit up for an MLB team.

While it might take a while for ballpark announcers to become familiar with the pronunciation of Orimoloye, they should find themselves quite comfortable with the names of many of the other players from this year’s draft. A handful of them are sons of former big leaguers, which has been quite common in drafts of the past.

What is unique about 2015, however, is the number of draftees who are close relatives of people working for the administrations of various teams. Here is a list of just over a dozen drafted players who are the offspring of front office directors, managers, or scouts for Major League clubs.

Tucker Ward, right handed pitcher

Taken by Arizona in the 40th Round, this draftee is the son of Diamondbacks scout Turner Ward.

Jake Pries, outfielder

Baltimore used the 37th round to draft the grandson of Don Pries, former scout and director of player personnel for the Orioles.

Jack Graham, second baseman

One round after snagging Pries, Baltimore went with the son of current farm director Brian Graham.

Tate Matheny, outfielder

If all goes well, this Boston fourth round pick will have a World Series battle against his father, St. Louis manager Mike Matheny.

Nick Lovullo, shortstop

Boston selected this son of bench coach Tory Lovullo in the 34th round.

Cody Staab, outfielder

The Chicago White Sox used the 38th round to pick the son of scout Keith Staab.

Joseph Reinsdorf, second baseman

The grandson of owner Jerry Reinsdorf went to the White Sox in the 40th round.

Tyler Nevin, third baseman

Colorado’s 15th round selection is the son of Arizona Triple A manager Phil Nevin, a former big leaguer remembered for his power and his unusual batting stance.

Cam Gibson, outfielder

The son of former Arizona manager Kirk Gibson should feel right at home in Detroit, which selected him in the fifth round.

Sean Miller, shortstop

In the tenth round, Minnesota landed this son of a Houston scout with the same name.

Tyler Williams, outfielder

Minnesota also chose the son of Twins scout Ted Williams, who was taken in the 26th round.

Drew Finley, right handed pitcher

The son of Padres director of player personnel Dave Finley went to the New York Yankees in the third round.

Dante Ricciardi, shortstop

The Seattle Mariners took the son of Mets front office executive J.P. Ricciardi in the 39th round.

Mattingly Romanin, second baseman

Toronto’s round 39t choice is the son of the Blue Jays manager of baseball operations, Mal Romanin.

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Source by Doug Poe