Nonsports events fill Gaming Control Boards plate

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A few months ago, Nevada’s Gaming Control Board let it be known to all the state’s sports books that they would be willing to listen to proposals on taking non-sporting events.

It was a great gesture by the GCB because it showed they were willing to help Nevada books go into an area Caribbean and European books have been for years.

One of the main non-sporting events many books wanted to offer was having odds on the World Series of Poker held at the Rio. Wynn Las Vegas was the first book to get approval by submitting a satisfactory application with all the proper checks and balances to ensure the grading and scoring would be done the right way.

Several books have followed suit and now have odds on the WSOP main event final table scheduled for November.

A few sports books have also tried to get some other submissions that haven’t gone through as easily as poker did, such as betting on the outcome of TV shows.

Such television shows, like “American Idol” and “Dancing with the Stars,” are very popular and would be a way to gain some incremental money through bet windows because of that popularity.

It would tap into a new demographic for the books, something seldom seen in sports betting outside of the Super Bowl and Kentucky Derby, where they’d have people who rarely make bets doing so just because of the prop on their favorite show.

The problem GCB has with the shows is proving exactly how and when the winner is declared on these shows.

In the World Series of Poker, we are watching the events live and nothing is voted on. It’s an event that is graded, and done so already by GCB standards. But in television, who knows what is real and how to properly monitor it to identify if there were any irregular occurrences?

Despite the shows seeming to be chosen by the fans or a panel of experts, it could ultimately be decided by the producers who tell the experts what to vote.

I can’t prove shows have done that, just like I can’t prove all the past winners have won live with no one knowing within the show the outcome before it happened. That’s kind of the mindset the GCB has regarding these shows. They don’t want any gray areas.

It either has to be black or white in how the scoring is done.

The board has to have certainty that these events don’t have any back room activity that changes a result. It would ruin the integrity of the state and board if a scandal occurred on one of the shows with Las Vegas having odds on it.

Just a few years ago, one of the off-shore books had odds on “Survivor” for low limits that was involved in a scandal. They noticed a few limit bets coming from an account and after some research, they found out this person was affiliated with the show and knew the results before it was broadcast.

For offshore, where there is no law, it’s no big deal. But if that happened in Nevada, it would be a disaster.

While the TV show submissions are most likely to all be nixed, the sports books’ best bet right now is to submit on many of the voted on awards such as the Heisman Trophy, MVP, Cy Young, Rookie of the Year, Manager/Coach of the year and everything else along those lines.

GCB only asks for the exact format of the voting, when voting deadline is and who the voters are.

New York-New York has a Nathan’s Hot Dog stand with a regional contest there before the big one on Coney Island. Because of the ease of crowning the winner – whoever eats the most wins, it should pass quite easily after all the official sources are verified.

In the past, if anything was voted on, the sports books had no shot of getting anything approved and it’s great to see them at least working with the casinos to increase revenues.

The only continuous event currently being bet on that judges the event has been boxing where if there’s no knockout, three licensed judges decide the fate of the wager. That’s a lot of power for just three people.

If a similar, but lesser known non-sporting event were submitted today where only three judges had all that power, the GCB would likely throw it out.

Season Win Totals

The Las Vegas Hilton Super Book released their college football season win totals and games of the year on Saturday. Boise State is listed at 10½ wins with Alabama and Oklahoma each set at 10 wins.

Their games of the year are filled with fresh new ones that haven’t been posted anywhere yet. The Golden Nugget released their own games of the year in June, but the Hilton has quite a few different games than those offered by the Nugget.

Most notably, there are a few of the UNLV games along with Ohio State-Michigan where it’s a pick’em.

The Hilton’s NFL season win totals will be released as soon as some of the key free-agents are signed. Some may not think it’s that big of a deal where some of the players go in regards to the number, but I’d disagree, it’s absolutely critical.

There are only 16 games for each team and the majority of the totals are going to fall between six and 10 wins, which isn’t exactly a large margin to deal with. One player, like a Kevin Kolb to Arizona or Matt Hasselbeck staying in Seattle, changes the dynamic of not only their teams, but their opponents, especially those within their division who they’ll face twice during the season.

Should Hasselbeck go to Tennessee, it instantly changes their total compared to what it would be with rookie Jake Locker trying to lead the team. The other positions aren’t nearly as important as the expected starting quarterback is to the total.

There are some stud free agents out there like Cedric Benson, DeAngelo Williams and Santonio Holmes, but they won’t have the same affect on the total like the quarterback does.

Summertime Blues

It’s never good for the sports books when a bunch of favorites come in on a single day.

The public loves to play the favorites along with parlaying the games, which gives them a more bettor-friendly true odds payout. When those favorites win by two-runs or more that takes the liability to an entire level.

The public really loves to lay the run-and-a-half for juicy plus-money. When those games come in for the players, it’s good night for sports books.

The sports books have already had a tough time winning for the last four weeks as the good teams have won with regularity. Last Friday’s results put an exclamation point on the negative figures as it was one of the biggest losses on the baseball season.

On the other side of the counter, bettors throughout the state thought it was an outstanding day as all seven AL favorites won by two runs or more.

The always popular bets of the Yankees, Red Sox and Rangers all came through with the most popular NL team, the Phillies, winning by two as well. If it weren’t for the favored Giants losing behind Matt Cain, the sports book losses would have been multiplied several times.

Football couldn’t come at a better time for the books!

 

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