Java is correct. Las Vegas sportsbooks have the Don Best screen available to check at all times. Even though the sportsbooks are just there for locals to play those idiotic contests and tourists to bet the rip-off parlay cards, they will move a number even if there's no one making a bet just by watching the moves on Don Best. They want to stay in line with the numbers so they don't have to worry about someone beating them out of a $100 dollar bet.
Revere- You have to remember that the Nevada Gaming Commission doesn't know the first thing about sports betting. Most of their field agents have no clue about gambling in general. 95% of them are bean counters. They're a dog and pony show that was formed to convince the public that someone is watching the casinos. Every 6 months or so they will slap a casino on the hand for not following some kind of useless money laundering law. They're a joke.
jj- If you took all the guys that work at Don Best and picked their pockets, you would be lucky to find enough among all of them to buy the #1 meal at McDonalds. They play those stupid contests for locals with about 50,000 people in them that some 90 year old lady wins every year and of course they play the parlay cards. The ones that you have a better shot of getting hit by a bus than hitting the parlay.
Revere- You have to remember that the Nevada Gaming Commission doesn't know the first thing about sports betting. Most of their field agents have no clue about gambling in general. 95% of them are bean counters. They're a dog and pony show that was formed to convince the public that someone is watching the casinos. Every 6 months or so they will slap a casino on the hand for not following some kind of useless money laundering law. They're a joke.
jj- If you took all the guys that work at Don Best and picked their pockets, you would be lucky to find enough among all of them to buy the #1 meal at McDonalds. They play those stupid contests for locals with about 50,000 people in them that some 90 year old lady wins every year and of course they play the parlay cards. The ones that you have a better shot of getting hit by a bus than hitting the parlay.
If a sportsbook use an outside source for odds the oddsmaker must be licensed by the NGC. It's in the regs. As of Sept 4, 2003 there is one and only one oddsmaker license granted. On this date Eugene Buonatony (? spelling) was granted his license. Congrats Gene! LVSC has an application on file and are grandfathered in to operate while its on file. This is due to a window 1997'-99' that allows this IF you applied in that time frame. DB doesn't have a license period. They applied but withdrew their app (with prejudice I think). Kenny White fell into this window but failed to renew his app and it expired. Kenny, or the new owners of LVSC, will have to get licensed. That being said not all books pay LVSC for odds. Gaughn properties don't for one. Others pay LVSC, to satisify the Board and Comission, but use DB. To get around the regs they don't pay for DB with Casino funds (upfront anyway). A sportsbook employee gets the DB screen in his name and brings it into the sportsbook. This is old news and well known by all including the NGB & NGC. There's nothing sinister here. The DB service is much more useful to the books. Some pay for LVSC but don't even turn it on prefering to use DB only.....ScottyS
Scott-
Very interesting point about the use of outside/unlicensed oddsmakers. However, oddsmaking is not a precise discipline and more of an art where information like weather, injuries, etc. come into play.
Don Best is a valid tool (just like reading the sports section of a newspaper) for the oddsmaker to use. He doesn't have to agree with the Don Best number (which there is no single number, but a list of opinions of different books). Also, line moves on Don Best can serve as an "alarm" to the Vegas sportsbook's licensed oddsmaker to "double check his math" or look at the current money position on the game or to suspend action on the game.
Don Best is an information tool and should be a valid source of information for any oddsmaker. Injury reports and other alerts would be pretty darn useful to an oddsmaker.
Ultimately, the Commission in Vegas cares that the operations are not fronts for organized crime and that the casinos can cover any action they take so the public is not at risk.
Very interesting point about the use of outside/unlicensed oddsmakers. However, oddsmaking is not a precise discipline and more of an art where information like weather, injuries, etc. come into play.
Don Best is a valid tool (just like reading the sports section of a newspaper) for the oddsmaker to use. He doesn't have to agree with the Don Best number (which there is no single number, but a list of opinions of different books). Also, line moves on Don Best can serve as an "alarm" to the Vegas sportsbook's licensed oddsmaker to "double check his math" or look at the current money position on the game or to suspend action on the game.
Don Best is an information tool and should be a valid source of information for any oddsmaker. Injury reports and other alerts would be pretty darn useful to an oddsmaker.
Ultimately, the Commission in Vegas cares that the operations are not fronts for organized crime and that the casinos can cover any action they take so the public is not at risk.
Jack-
I think the cell phone restrictions are to prevent/deter organized betting by syndicates. Whatever sources (like Don Best) the casinos may use behind closed doors, they are still upfront about the lines on the games, which are posted on the boards for all to see. There is no dealing from the bottom of the deck. The line is posted.
I think the cell phone restrictions are to prevent/deter organized betting by syndicates. Whatever sources (like Don Best) the casinos may use behind closed doors, they are still upfront about the lines on the games, which are posted on the boards for all to see. There is no dealing from the bottom of the deck. The line is posted.
Java, It makes sense now , oddsmaking is an art form. After putting up #s (usually first) for any & all to copy & bet I'm now an artist. Is that an upgrade? Also, Java, at one store alone I won $47,000,000M without ever looking at DB (it's common knowledge buddy before you react). Whats your estimate we "lost" by not using DB? One more ? Java. If DB is just like reading the sports page why not pay $.50 for the paper as opposed to $550 mo for DB.
I've learned from you in the short week you have been here espousing DB.....ScottyS
I've learned from you in the short week you have been here espousing DB.....ScottyS
Java, I'm on the rib friend, just ribbing in my previous post. On a more positive note, oddsmaking to some of the very elite in this endevor take it as an exact science i.e. computer programs that are very well designed. Exact stuff goes in and exact stuff comes out. Whada ya think?.....
ScottyS
ScottyS
