An old sports betting strategy is to bet on home underdogs. The theory is that teams are usually more inspired to play at home, and they will often not fold if they are down like they may when on the road. Betting home dogs in the past could have made you money, but this isn’t true as much anymore. You can read the current betting market article to learn why.
The most recent development in Kentucky is particularly interesting. State Attorney General Andy Beshear, publicly threw his support behind the idea of legislators passing an expansive gaming bill in 2019 that would encompass not just sports betting, but daily fantasy sports, casinos and online poker as well. The impetus for Beshear’s stance is relatively straightforward — much-needed revenue for the state coffers, including an estimated $30 million annually from sports betting that would help fully fund the state’s pension systems.
How did the NBA top a seven-game series that featured, arguably, its top two players? By having the best player not in the series join forces with the loser. Cavalier fans finally got to enjoy a championship, but the joy was short-lived. Kevin Durant bolted Oklahoma City to team up with Stephen Curry and the rest of the Golden State ... Read More »
For sports bettors, the vig is more expensive than the spreads on a typical Wall Street stock trade. But the growth of online betting—mostly illegal in the U.S.—has started to shrink the vig below 10% in some places, which should eventually make betting a better deal for bettors. That’s what you’d expect, says Toby Moskowitz, a professor of finance at the Yale School of Management and one of the principals with the $226 billion hedge fund manager AQR Capital Management.
The team points out that this kind of practice could be illegal. “Advertising goods or services with intent not to sell them as advertised, or advertising goods or services with no intent to supply reasonably expectable demand but with the intention to lure the client to buy another product (a practice often called ‘bait’ or ‘bait and switch’ advertising), is considered false advertising and carries pecuniary penalties in the U.K., Australia, and the United States of America,” say the team.
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