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DUNDON MAKES $250,000,000 BET

On March 19, 2019, in Gambling Headlines, by bobby goodspeed

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 Dallas billionaire Tom Dundon, owner of the Carolina Hurricanes of the NHL, has assumed the chairmanship of, and a majority stake in, the fledgling Alliance of American Football league…and all it cost him was $250,000,000.  Such a deal! 

 Earlier rumors of financial instability in the AAF were quickly and quietly put to rest with Dundon’s input.  Of course it’s an investment, albeit a risky one, and Mr. Dundon fully expects to make a profit at some point.  Still, that’s a lot of money to put down on a bet.  

 He did get a fancy new Alliance of American Football business card which carries his new title of ‘chairman’.  It remains to be seen what else comes with that little card. Tom didn’t get in the position of being able to invest a quarter of a billion dollars in anything by being dumb or naive.  

 Dundon stated on a local Raleigh, North Carolina sports program, “My investment should keep this thing viable for years and years to come”. In 2017 he put down $420 million to purchase the Carolina Hurricanes of the National Hockey League along with PNC Arena in Raleigh where the Hurricanes play.  That’s $670,000,000 folks!  The man must like sports a lot. 

 Actually, Tom Dundon didn’t just show up at the AAF front offices and plop down $250 million bucks.  It is more like a commitment up to that amount. He did not even discuss the investment until he saw the AAF actually play some televised games and look like a viable proposition. Now he plans on incrementally investing in the Alliance with the 250 being what amounts to his max at some point.  

 Charlie Ebersol, who put the AAF together from the beginning, has admitted that the league almost didn’t get to the first game due to ‘various complications’.  In the beginning he had “plenty enough commitments to last a long time, but maybe not the money in the bank”.  That problem now seems to have been taken care of and the AAF seems like it’s off to an auspicious beginning. 

 Scott Butera, MGM’s director of interactive gaming, has announced that MGM Resorts International has also made an investment in the AAF tech platform and now has a 3 year agreement to be the leagues official sports betting sponsor and exclusive gaming partner.  This marks the first time ever that any sports organization has sold exclusive in-game betting rights to a sportsbook of any kind. 

 

GETTING STARTED IN THE BOOKMAKING BUSINESS

On March 19, 2019, in Uncategorized, by bobby goodspeed

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If you have been considering the possibility of becoming a local bookmaker, on whatever level, there are a few things that you should consider going in.

 The very first thing that you have to do is to be very careful as to how you go about it. To be a successful Bookmaker requires that you walk that fine line between being a social animal so that you attract enough players……and being a secretive animal which keeps a low profile and stays out of trouble.

 A local bookies’ business is built on trust. After several years of experimenting with sending money out of the country to off shore sports books, most players are eager to find themselves a reliable local guy who can provide dependable access to wagering and then be there with their payout and a smile when they win.

 Making money in the bookie business is not based on luck…..well, not to any great extent anyway. To be sure, luck enters into the equation on a fairly regular basis, but you can’t base a business on luck alone. Bookies make their living on the interest traditionally charged on each wager called the “juice” or sometimes the “vig”.

 Today’s savvy Bookie will affiliate himself with a service provider known as a pay per head company which will give him, and all his players, access to wagering options either via the phone or the Internet 24 hours a day, 365 days a year.

 On your personal mobile device, you will be able to access all of the required reporting to keep on top of your business at all times without carrying around all that troublesome and incriminating paperwork at any time.

 It is very important that the Bookmaker new to the game take the time to look around and find the right pay per head service for him. Don’t make the mistake of jumping for the cheapest price available.

 Beware that there exist PPH companies that are offering the moon for a cheap price but who simply do not have the infrastructure necessary to provide what they promise. Find a company that has been around for awhile. Better still, find a company that someone you know and trust is using and is happy with.

 Remember, the product that your pay per head service provides is what your clients will see as representing you as a Bookmaker and a business person. Quality software and quality service attract quality long term clients!

 

THREE DIMES TO ATTEND A COLLEGE BASKETBALL GAME

On March 19, 2019, in Sporting News, by bobby goodspeed

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Just a few weeks ago we were a bit astounded at the high price of admission to this year’s Super Bowl in Atlanta.  Well, guess what?  There are going to be some high profile match-up games as we get further into March Madness that will match and even exceed the seemingly excessively high prices for tickets to popular live sporting events. Like Duke and North Carolina.

That’s not to say that the experience is not worth it. Being inside Duke’s Basketball stadium when North Carolina comes to town definitely qualifies as rarefied atmosphere. As with any of the other great in-state college basketball rivalry games, there ain’t nothing like it. Especially when both teams are ranked in the AP top ten.

March is once again upon us and College Hoops action is hotter than ever with no one team establishing itself as a clear favorite.  Props are already available.  Go ahead.  Have at it…and good luck. Start working on that perfect 64 team bracket! It’s March Madness, the time when miracles really do happen, sometimes.

No single sport brings out the amount of shear passion and devotion as college basketball in the month of March.  Even the little guys get into the ‘big dance’ with an occasional invitation to perform under the spotlight on a national stage.  Remember tiny Davidson?  No one saw them coming. But they had a kid named Seth Curry…and the rest is history. It is possible. You never know when the next hoops phenomenon is going to show up.

The wagering possibilities during March Madness are also abundant and varied. Weather your thing is simply placing straight wagers to win against the spread, the over and under or making your selection from any of the many parlay options available before tipoff.  Then of course there are the props….those ever intriguing props.  Which hero will score the most points?  Which team will have the higher free throw percentage?  Who will foul out first?  The list goes on and on.

So go ahead and stay at home and avoid the crowds.  Do your homework and put those three dimes down on what looks like a good wager to you.  One thing is for sure, if you have to pay $3,000 to get in the door, chances are you aren’t going to come out ahead on this one.

The Big Dance is underway.  Don’t miss out on this year’s great hoops action.  There is nothing else like it.

 

NCAA BASKETBALL SHENANIGANS

On March 18, 2019, in Sporting News, by admin

NCAA BASKETBALL SHENANIGANS 

Early in March, two former Adidas representatives were sentenced to jail time for conspiring to defraud the University of Louisville and the University of Kansas.  These guys are supposed to be shoe salesmen.  Something obviously got way out of hand.   

Former Adidas Exec Jim Gatto and consultant Merl Code are now facing imprisonment along with aspiring sports agent Christian Dawkins.  All three men are free pending appeals for the crime of conspiracy to commit wire fraud in conjunction with recruiting for college basketball teams.  

Federal Judge Lewis A. Kaplan told the court after sentencing, “this should act as a great big warning light to the basketball world”.  The judge went on to acknowledge that the practices under scrutiny in his courtroom have been going on for decades in college basketball’s recruiting scene. He also finished up by pointing out that Gatto, Code and Dawkins all knew what they were doing was wrong. 

Even the name of former Louisville basketball coach Rick Pitino, now coaching in Europe, who, although being a member of the Hall of Fame, was fired from his job after details of this story came fourth in the fall of 2017, was mentioned by Judge Kaplan in his sentencing statement.   

Recently Arizona coach Sean Miller and LSU’s Will Wade have been given notice that they will be soon receive subpoenas to testify in federal court about the quandary of recruiting practices in college basketball.  

The timing of these announcements frankly stinks. We are going into the final weeks before the yearly NCAA national basket ball tournament known at ‘The Big Dance’ or more widely as ‘March Madness’.  Why now? 

About the last thing that anyone wants to see right now is Miller and Wade hauled in front of federal court under oath to answer some very pointed questions about basketball recruiting and airing the NCAA’s dirty laundry in public just in time for the Big Dance.   

What other well known names are going to be dragged up over this? Everyone connected with college sports is well aware that any university which sticks completely to the current NCAA rules does not stand much of a chance of recruiting any of the top players coming out of high school these days.  

 What possible good could come from bringing this issue into national headlines when most of the country is getting really excited about the upcoming basketball regional and national tournaments?  It is widely acknowledged that these practices have been going on for decades.   

We all know that reform is called for.  However couldn’t they at least wait for a couple of months and let us all enjoy March Madness without the guilt trip?  

 

aaron hicks new york yankeesThe New York Yankees have agreed today to a seven-year $70 million contract extension with switch-hitting center fielder Aaron Hicks.

The deal will keep Hicks, a player with great power, defense and plate discipline, in a Yankees uniform. It includes a $12.5 million club option for 2026, a $1 million buyout and a $2 million signing bonus.

The 29-year-old, considered by Yankee manager Aaron Boone one of the most underrated outfielders in baseball, is coming off a season in which he set career highs in games, homers, extra-base hits, and RBIs.

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