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William Hill CEO Says He Anticipates Return To Normalcy In Due Time

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The US gambling industry finds itself in uncharted territory. All professional and collegiate sports are on hiatus. Every single commercial casino (and most tribal properties) around the country has closed, causing a wave of unemployed workers. When historians look back at these few months a decade from now, they will refer to it as a period of uncertainty.

But despite this dark cloud hovering over the industry, there are those, like William Hill CEO Joe Asher, who remain optimistic and anticipate a return to normalcy in due time.

In the past few months, Asher has consistently expressed his firm position that the industry will bounce back — with the divine factor being patience. In an interview with PlayUSA, he spoke on this and a number of different gaming topics.

Outlook on sports betting

“Over time, I don’t have any doubt gaming comes back to where it was. I don’t think this is a long term structural issue for the industry,” Asher said to PlayUSA. “I just think it’s going to take us a while, broadly speaking, to get back where we were just even a month ago.”

In its wake, the coronavirus pandemic has left the industry struggling to stay afloat. Some sports betting operators now allow customers to bet on things like table tennis, sumo wrestling, and esports.

At William Hill sportsbooks, there has been a shift to betting on the NFL Draft. Former Alabama quarterback Tua Tagovailoa is priced at -280 with 3.5 odds to be taken in the top three. Tagoviloa is projected to be a first-round pick and has received 16% of the total number of tickets. Oregon quarterback Justin Herbert is the next highest at 7%.

When asked about all the “niche” sports and prop bets now available, Asher said they don’t move the needle from a revenue perspective, but it provides a distraction from the “doom and gloom” on television.

“Obviously, you start trying to figure out what you can come up with to let people bet on. The important thing is, we don’t make any money on this overall because the cost to offer is more than the revenue from it,” he said.

Asher said, giving customers something to wager on provides a distraction allowing people, even if briefly, to focus on something else for a change.

“I think sports betting will come back pretty strongly. When you talk about gaming, there are different aspects. I think this is going to be a tough year, at least in Las Vegas, because it’s going to be a while before you see the convention business resume and people getting on airplanes to fly out here. But I think sports betting will come back pretty quickly once the games get going again,” Asher said.

Casinos proceeding with caution

One of the burning questions industry executives, employees, and customers have been pondering is: how and when will casinos reopen to the public?

Although specifics on how and when the industry will open are not yet available, Asher said it most certainly will not be “flip the switch,” and everything is back to normal.

“Some of this will be determined by what happens with the various legislative efforts around the country. Sports will bounce back perhaps a little quicker. But right now, if you own multiple casinos in a particular market, you have to be thinking several things,” Asher said.

In his assessment, Asher said operators must determine if they should open all properties at once or should they consolidate operations in the short term. But most importantly, he said at the top of the list is how you accomplish all this safely.

“Nobody wants to be in a situation where you, your employees, or your customers, are at risk. Everybody will have to be comfortable from a safety perspective,” he said. “From the outset, I’ve been saying we have a public health crisis and a business crisis going on in the country. There is only so much you can do on the business side until you solve the public health issue. That has to be addressed first.”

It’s going to be an enormous task to ensure 649,000 gaming employees spread across 973 casinos return to work safely. It will be another to recoup the $43.5 billion in economic activity that most certainly will be lost.

“Our industry is a small portion of the economy,” Asher said. “Safety, to me, is going to drive the timing and scope of the business recovery. That continues to be paramount. You must make sure you are protecting workers who have been displaced,” he said.

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Gambling News

William Hill CEO Says He Anticipates Return To Normalcy In Due Time

[ad_1]

The US gambling industry finds itself in uncharted territory. All professional and collegiate sports are on hiatus. Every single commercial casino (and most tribal properties) around the country has closed, causing a wave of unemployed workers. When historians look back at these few months a decade from now, they will refer to it as a period of uncertainty.

But despite this dark cloud hovering over the industry, there are those, like William Hill CEO Joe Asher, who remain optimistic and anticipate a return to normalcy in due time.

In the past few months, Asher has consistently expressed his firm position that the industry will bounce back — with the divine factor being patience. In an interview with PlayUSA, he spoke on this and a number of different gaming topics.

Outlook on sports betting

“Over time, I don’t have any doubt gaming comes back to where it was. I don’t think this is a long term structural issue for the industry,” Asher said to PlayUSA. “I just think it’s going to take us a while, broadly speaking, to get back where we were just even a month ago.”

In its wake, the coronavirus pandemic has left the industry struggling to stay afloat. Some sports betting operators now allow customers to bet on things like table tennis, sumo wrestling, and esports.

At William Hill sportsbooks, there has been a shift to betting on the NFL Draft. Former Alabama quarterback Tua Tagovailoa is priced at -280 with 3.5 odds to be taken in the top three. Tagoviloa is projected to be a first-round pick and has received 16% of the total number of tickets. Oregon quarterback Justin Herbert is the next highest at 7%.

When asked about all the “niche” sports and prop bets now available, Asher said they don’t move the needle from a revenue perspective, but it provides a distraction from the “doom and gloom” on television.

“Obviously, you start trying to figure out what you can come up with to let people bet on. The important thing is, we don’t make any money on this overall because the cost to offer is more than the revenue from it,” he said.

Asher said, giving customers something to wager on provides a distraction allowing people, even if briefly, to focus on something else for a change.

“I think sports betting will come back pretty strongly. When you talk about gaming, there are different aspects. I think this is going to be a tough year, at least in Las Vegas, because it’s going to be a while before you see the convention business resume and people getting on airplanes to fly out here. But I think sports betting will come back pretty quickly once the games get going again,” Asher said.

Casinos proceeding with caution

One of the burning questions industry executives, employees, and customers have been pondering is: how and when will casinos reopen to the public?

Although specifics on how and when the industry will open are not yet available, Asher said it most certainly will not be “flip the switch,” and everything is back to normal.

“Some of this will be determined by what happens with the various legislative efforts around the country. Sports will bounce back perhaps a little quicker. But right now, if you own multiple casinos in a particular market, you have to be thinking several things,” Asher said.

In his assessment, Asher said operators must determine if they should open all properties at once or should they consolidate operations in the short term. But most importantly, he said at the top of the list is how you accomplish all this safely.

“Nobody wants to be in a situation where you, your employees, or your customers, are at risk. Everybody will have to be comfortable from a safety perspective,” he said. “From the outset, I’ve been saying we have a public health crisis and a business crisis going on in the country. There is only so much you can do on the business side until you solve the public health issue. That has to be addressed first.”

It’s going to be an enormous task to ensure 649,000 gaming employees spread across 973 casinos return to work safely. It will be another to recoup the $43.5 billion in economic activity that most certainly will be lost.

“Our industry is a small portion of the economy,” Asher said. “Safety, to me, is going to drive the timing and scope of the business recovery. That continues to be paramount. You must make sure you are protecting workers who have been displaced,” he said.

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Gambling News

Why It Looks Like Montana Sports Betting Will Launch In Time For March Madness

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The terminals are packed up. They’re powered up, in essence. Within days, drivers will begin delivering them to more than 150 locations throughout the state.

Get ready, Montana. Potentially within a week, legalized sports betting will kick off in Big Sky Country, courtesy of Sports Bet Montana.

“There’s a robust gambling market already in Montana,” said Jennifer McKee, communications manager for the Montana Lottery. Powered by Intralot, sports betting in the state will be overseen by the lottery.

“Mostly what we’ve heard from people is why (sports betting) isn’t already up and running. It’s almost unilateral excitement and people really want it to be out right now.”

Fear not, Treasure Staters: Sports Bet Montana is in its final stages of preparation. And just in time for March Madness.

Sports betting terminals ready for delivery in Montana

After some delays, Montana sports betting is about to kick into overdrive.

Within the past few weeks, the Montana Lottery Commission approved bet types and sports, the lottery installed “communication beacons” at locations that will house betting terminals, and the lottery readied said terminals for delivery, which begins March 9.

Theoretically, within two weeks, Montana sports betting could be operational.

“The limiting factor for us is just the size of the state of Montana,” McKee said. “We’re going to be delivering equipment as quickly as possible and getting as many installed as possible.”

Not only does Montana’s size affect the speed at which the lottery can fulfill deliveries, so, too, does the over 150 locations that have signed up to host betting terminals.

Hope is for little lag time after deliveries

As McKee emphasized, the betting terminals will already be functioning before the lottery even delivers them.

“But because this is a completely new activity,” she added, “they’ll be delivered and very soon after that there will be a lottery crew training on how the equipment works.”

Once again citing the sheer size of Montana (it is the fourth-largest by area in the US), as well as the number of locations expecting deliveries, McKee could not provide a built-in timeline for when sports betting will launch. But the anticipation, she said, is “very soon.”

“We didn’t want to do an all-at-once launch, just because of the geographic concerns,” McKee said. “It can take so long, we didn’t want to have dark terminals.”

What Montana sports betting will offer

The upside for bettors: Montana will accept wagers on professional and college sports. On top of that, Montana university athletics are also in play.

From basketball to baseball, football to hockey, soccer to tennis, golf to boxing, and MMA to motor sports, Sports Bet Montana will have a decent variety of betting offerings.

That said, the lottery has instituted betting limits for those placing wagers both at kiosks and via the Sports Bet Montana app and website.

Gamblers at terminals cannot bet more than $250, while mobile wagers will be capped at $1,000. This is part of the lottery’s ongoing pursuit to “contribute to the common good” of Montana gaming, as McKee put it. With these limits, sports betting operates under a more controlled environment.

So, too, is the lottery’s decision pertaining to mobile wagering.

Montana sports betting goes mobile… kind of

In a sense, Montana will offer online sports betting via the Sports Bet Montana app and website.

But bettors will only have access to these mobile options within establishments that house betting terminals. These sites feature “communication beacons” that interact with the Sports Bet Montana app and website.

At the door of each location, however, exists “null-beacons” that prevent the signal from getting outside.

Already, McKee said, more than 70 locations have been outfitted with communication beacons.

Pending lawsuit will not delay Montana sports betting

Several months after HB 725 passed to legalize sports betting in the state, the Montana Lottery included an addendum that required businesses to possess a specific alcohol license in order to be qualified to offer regulated wagering.

As the legislature didn’t initially require such a stipulation, a lawsuit was filed against the lottery. Not only did the plaintiff request it be awarded a sports wagering license despite not owning an alcohol license, it also asked for the court to issue a restraining order until a ruling is made.

While McKee could not comment on the lawsuit, as it remains pending, the request for an injunction was denied.

Despite the pending lawsuit, Montana sports betting chugs along.

What kind of future does Montana sports betting have?

Excitement abounds for regulated wagering in the Treasure State, at least from McKee’s perspective — and not only from businesses that will house terminals, but also from the public.

Even the state’s colleges have expressed support, according to McKee. (Interview requests to several universities either went unreturned or were denied.)

“We’ve worked with the Commissioner of Higher Education here,” McKee said. “Part of our system is colleges and universities have their own standards for who can and who can’t bet. So what we’ve done to help them, and to help anyone who wants assistance with not gambling, is you can go into our system and put yourself on a self-exclusion list.”

McKee noted that several athletic directors in the state raised “very legitimate questions” about how the Montana Lottery would be able to control sports betting. Already, the lottery has displayed the controlled environment it has created: betting terminals at select locations, communication beacons to allow for mobile wagering within these establishments, and limits on how much bettors can wager.

While over 150 businesses are licensed to host betting terminals, upwards of 1,400 locations are eligible to offer regulated sports betting. That, combined with Montana’s hunger for gambling, should make the state’s sports betting industry relatively successful, per McKee.

“From our perspective as the lottery,” she said, “we’re really focused on putting out a product that people will really enjoy and make it successful.”

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Sports Betting

Time to Place Your Bets – Even on Some Weird Wagers

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It’s commonly known that Vegas is the place where one can legally wager on just about anything, provided the books offer the proposition bet(s). Gamblers love to put their money on weird wagers, especially around Super Bowl time. Now that the Supreme Court has overturned the ban on sports betting, we just might see more uncanny bets being offered in states that bid for sports books. Weird wagers are not unique to Vegas. The U.K also gets in on the action.

Here’s a collection of some of the most bizarre, weirdest, wackiest wagers ever made:

  • 1979: The late Jackie Gaughn, owner of the El Cortez hotel in downtown Vegas, posted odds when the faltering U.S. satellite Skylab, was about to crash to earth. The odds were put up on where it would crash: 5/1 for one of the five oceans, 12/1 into the Soviet Union, 100/1 on California soil, 2,000/1 for a hit in tiny Rhode Island, and even 10,000/1 that it would crash into the El Cortez! Turns out it landed in Australia at 30/1.
  • 1980: From the popular TV show Dallas: “Who shot JR?” Wagers were taken at the Castaways Hotel with odds on every cast member prior to the season ending cliff hanger episode, but the Gaming Control Board ordered a halt to all betting because someone had to have a script that knew the answer.
  • 1981: Amidst the ongoing controversy over the murder of President John F. Kennedy, the grave of alleged assassin Lee Harvey Oswald was about to be exhumed to confirm identity. The sports book at the Union Plaza was quick to jump on the proposition bandwagon on whose body would be in the coffin. Odds were posted for: a Soviet agent, Jack Ruby (Oswald’s assassin) or an empty coffin. Due to concerns about the virtue of such a wager, the gaming commission put a lid on it. Turns out it was Oswald after all.
  • In the UK, it was 500/1 that the FBI will confirm that Elvis is still alive and another 500/1 that Michael and LaToya Jackson are one in the same.
  • UK bookmakers also offered 1,000/1 that Tiger Woods would become President of the US and 5,000/1 that Bill Clinton and Monica Lewinsky would marry.
  • A London resident named Matthew Drumbell placed a 1,000,000/1 wager that the world would end before the year 2000. Of course, who would be left to pay him if he survived? No pun intended on the man’s name.

During Super Bowl week in Vegas $ millions are tossed across the betting terminals to wager on one’s favorite team, and some weird bets as well. Here are some of Super Bowls’ past prop bets:

· Will singer Kelly Clarkston omit or mess up one or more words in the National Anthem? How long will it take her to sing it? Over/Under 1 minute, 34 seconds. Will her bare belly be showing when she sings it?

· If Quarterback Tom Brady’s son is shown on TV during the game, will he be wearing a Tom Brady Jersey?

· How many times will Patriots owner Robert Kraft be shown on TV during the game?

· What will be the first touchdown celebration? A ball spike, a dance, lay on the ground, a goalpost dunk, a Tim Tebow kneel, or kiss a cheerleader?

· What color Gatorade will be dumped on the winning team’s head coach? Yellow, orange, clear, red, green, blue? (Yellow was favorite.)

· Who will the Super Bowl MVP thank first in his post-game interview? Teammates, God, Owner, Coach, Family, No one? (Teammates were the favorite.)

So, there you have it. I wonder what weird wagers await us for next Super Bowl? I guess we’ll just Have to wait to find out.

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Source by Dennis J Occhino

Sports Betting

Maple Baseball Bats – Passing the Test of Time and Still Going Strong

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It’s been about nearly 9 years since Barry Bonds broke the single season home run record while using a Maple Baseball Bat throughout the season. That magical season in baseball was the showcase year for Maple Bats. Although players like Joe Carter used Maple even as far back as in the late 1980’s, maple never really took off until the 2001 season when Bonds crushed 73 home runs to break the single season homerun record in baseball. From that point on, maple surged into more and more hands in baseball…and maple hasn’t looked back ever since.

A lot of things in our society turn out to be fads, and never survive the trying times. Maple baseball bats are beginning to silence the critics who have been loud advocates against maple. There have been multiple instances where maple has been the culprit of major injuries in baseball. A prime example was during the 2008 season when Pittsburgh Pirates hitting coach Don Long was hit in the face just below the eyes by a huge chunk of Nate McLouth’s maple bat during the eighth inning of a game at Dodgers Stadium. Witnesses say that chunk seemed to be about half of the bat. Just ten days later, another maple bat chunk flew out of the hands of the Colorado Rockies Todd Helton and flew into the stands and broke the jaw of a Dodgers fan.

A lot of players worried about the safety of their teammates, coaches and fans have even switched from Maple to Ash or Birch. Including a few seasons back, when Frank Thomas and Eric Chavez switched from Maple to Birch, and Jason Bay switched back to Ash from Birch.

A 2005 study commissioned by the MLB found that there was no difference in how fast the ball comes off a maple or ash bat. But still maple seems to give hitters a confidence that ash does not. Although the exact number of players who swing maple in the MLB is unknown, it is certain that it is a majority; with some reports estimating the number at 60 to 70 percent.

There also is undoubtedly a longer life span with Maple. Various studies have found that the average life span of a Maple Bat in the MLB is about a month, versus about a week long life span for Ash. So while there are concerns among MLB officials about the safety risks associated with Maple Baseball Bats, Bat Manufactures are working hard alongside MLB officials to create a solution to the safety risks; aside from prohibiting maple bats from baseball.

Throughout all of the issues and controversy and worries surrounding Maple Baseball Bats, the demand is still there, and the popularity is still growing. Maple bats may see some troubling times, but it seems like the new wood bat king is here to stay.

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Source by Tyler Coughlin

Sports Betting

Who Are Your Baseball Picks This Time Around?

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With the Major League Baseball season officially underway, any sports betting professional is ready and able to make their best picks. If you have not had time to analyze all the past and current stats, consider using a service for help in making your baseball picks this season. There are several ways to get the best information around, and many of them are easily accessible online.

Get your picks from a trusted source, one that has the ability to provide you with the best picks possible. One way is to go with the hunches and the inside track provided by many famous sports newscasters. That is just one option though, and it is probably not the best. For example, a more reliable method of getting baseball picks is by using software. Software works by taking all of the past data and using them to help make predictions about likely winners in the future. Because of the in-depth analysis given here, there is no doubt that using software is one of the best choices. Just be sure to use the right program and the best resources.

The BestBetOnSports.com is a fantastic resource that helps people make the right picks. The tools available consistently help you in this task. As baseball picks go, the software programs at this service will help you get the best results from your bets. The site also offers picks for other sports, such as basketball and football. Any sports bettor owes it to him or herself to visit

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Source by John M Powell

Sports Betting

Full Time Gambler Reveals the Truth About Sports Betting

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I’ve often heard it said, “you can’t win betting on sports.” The truth is sports betting is one of the few types of gambling that you CAN win at. The problem is there are so many factors which need to be taken into account, it can be very overwhelming.

There are playing conditions, injuries, home or away games, players health, defense, offense, past performance, coaches, importance of match, rivalries to name a few just to calculate a very precise outcome.

What’s The Odds?

Most people betting sports aren’t aware that you only need to win 52.5% of your bets to break even. 56% winners makes you very successful. If you can manage to average above 56%, you are going to make an enormous amount of money.

Now 56% doesn’t sound like much, does it? just over half your wagers.

The rest is discipline, money management and no doubt, a good selection method. But let’s be clear, there is no magic bullet, no quick and easy method… or is there?

Are You In It For Fun Or For Money?

It can definitely be fun and very exciting to win, especially when you’ve got a big bet riding on the game. Or maybe you just lost a game and decided to double up on the next one to try and “get even.”

If you’ve ever tried this tactic, I’m sure you know all too well that more often than not you lost the 2nd game too. Now you’re broke, starting over, building up a new bankroll and hoping for a better outcome the next time… But as you know, hope is not a winning strategy.

This kind of heart-stopping action is not for me. For my money I prefer a more predictable type of wagering whether it’s betting on sports or any other form of gambling. I like to have more control over the result.

Just to be clear, there will be losing games and maybe even losing days, but by managing your money, patiently building your bankroll, you can comfortably afford to take a swing at those parlays.. that is a winning strategy.

Betting a small consistent amount per game is not exciting… but that is what intelligent, professional sports bettors do. So the question is, “are you doing it for the excitement, or for the money?”

Taking The Gambling Out of Sports Betting

A winning bettor always tries to take the gamble out of the game. Each bet is a calculated risk. There is no magic method that will bring in thousands of dollars overnight.

Taking down a steady monthly profit, working only 5 minutes a day IS the only way. And if you let your account multiply for a few months, before long (months not years), you will reach a point where you could be bringing in hundreds or even thousands of dollars of profit each month… now that’s magical.

Sports Investing will with near certainty turn a small amount of capital today into significant monthly income, month after month and year after year.

There are people who say you can’t win betting on sports… they’re just wrong. Wishing you the best of luck always.

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Source by Ray Walkoczy