Showing posts with label cavaliers. Show all posts
Showing posts with label cavaliers. Show all posts

Tuesday, June 21, 2016

Las Vegas Sports Books Buried with Cavs Game 7 Win

The Cavaliers stopped by Las Vegas to party Sunday night after Game 7.
The rally cry for Cleveland fans over the past 52 years of trying to win a championship of any kind has been “We Believe.” There may have been no better proof of fans believing in the Cavaliers than what happened in Las Vegas sportsbooks Sunday night for Game 7 of the NBA Finals when they emphatically put their money on the counter.

The Cavaliers’ 93-89 win over the Warriors made most Las Vegas sportsbooks big losers on the day with a combination of payouts taking the Cavs +5, +150 on the moneyline and a variation of series prices with a high of 10-to-1 odds after Game 4 when the Cavs were down 3-1.

Despite the media constantly questioning LeBron James’ legacy following a Game 4 loss, the fans and bettors believed enough in the Cavs to make the books losers in Games 5, 6 and 7.

“It wasn’t a good day for us at all,” said MGM Resorts sportsbook hub manager Jeff Stoneback. “We had a bunch of house players take the Cavs (+5) with six figure wagers and then we had that big loss on the series price after Game 4.”

Last week Stoneback said after Game 4 that his books had taken over $100,000 in risk on the Cavs to win the series at 10-to-1 odds. Before Games 5 and 6, he tried to offer the lowest series price on the Warriors in town, but no one wanted them and kept betting the bad price on the Cavs.

No team had ever come back from a 3-1 deficit to win the NBA Finals, but the Cavs fans believed and put their money where their hearts were and cashed big time Sunday night.

Station Casinos sportsbook director Jason McCormick said they escaped with a small win on Game 7 just because the game stayed UNDER (206) the total, but said they got “beat up pretty good on the series.”

CG Technology’s VP of risk management Jason Simbal said they lost on both the game and series. Westgate SuperBook VP Jay Kornegay said, “We needed Golden State in Game 7 for almost everything. It wasn’t a knockout punch, but it was a solid jab.”

The scene at the Mirage sportsbook prior to Game 7 was something that kind of shocked Stoneback.

“I’ve never seen a crowd so big for an NBA game, ever,” said Stoneback who has worked in Vegas books for 28 years. “It was standing room only, a massive crowd. We had every seat taken in the room an hour-and-half before the game. Never seen that before – all the bleachers along the side and couches were occupied hours before the game.”

Read More Here......Gaming Today

Thursday, June 2, 2016

2016 NBA Finals Game 1 Action Report from Las Vegas

Cavs took the Warriors to 6 games in 2015 Finals without Irving and Love.
LAS VEGAS -- Bettors have a dilemma on their hands for Game 1 of the NBA Finals tonight. Do they ride with a healthy Cavaliers team that won its first 10 playoff games, or do they they side with the suddenly hot Warriors, who won three straight to close out the Western Conference Finals after being down 3-1 to the Thunder, which included two embarrassing defeats.

With three full days of action across Las Vegas sports books, the public appears to be siding with the defending champs, but there's almost an equal mixture numbers available with the Warriors posted as -5.5 to 6-point favorites.

William Hill sports books opened the Warriors Monday night as 5.5-point favorites and the number stood still until Wednesday morning when they moved to -6, but the move wasn't necessarily based on action.

"We're dead even so far," William Hill's head oddsmaker Nick Bogdanvich said Thursday morning. "We're a little high on the OVER (208.5), but overall on the game we're balanced. The area we're buried on is the series price with everyone jumping on Cleveland. We have the lowest price with Golden State at -200 and no one is touching them."

Just as Bogdanovich was discussing the series action, he was miffed as he saw another wager light up the screen from one of his 105 locations across the state.

MORE: NBA live odds page

"Here comes another one. Another large wager on the Cavs to win the series and they're taking the worst price in town."

Read More Here........TheLinemakers.com

Thursday, December 2, 2010

Week 13 NFL Betting Moves in Las Vegas, Some Newton and Lebron Too

By Micah Roberts
VegasInsider.com

It’s hard to tell what is the most gripping thing going on in the Las Vegas betting world right now. We’ve got the Cleveland Cavaliers as a small 5-point underdogs to the visiting Miami Heat, with the talents of Lebron James, in a game that was thought to be at least double-digits in pre-season. Then we have the NCAA making Auburn’s Cam Newton eligible for a game most of us thought he was eligible for in the first place. Over in the NFL, who takes a back seat to the headlines this week, we’ve got perhaps the best two matchups of the season with the Steelers and Ravens at 8-3 squaring up, and the always fun Jets-Patriots game where both of them are 9-2.

I’ll begin with the Auburn fiasco where Las Vegas sports books took the game off the board on Monday after news of something brewing. With a player on the brink of being suspended like Cam Newton, any wiggle of a rumor will take the game down. No credible news agency released what was going on, and many thought that the game was being taken down was because of South Carolina quarterback Stephen Garcia having a sore arm, which he does, but that wasn’t the reason for the game being taken off the board.

Auburn and the NCAA worked out some sort of deal to make them both look proactive when Auburn suspended Newton, without a press release, for his father’s role in attempting to securing personal funds for himself. Because Newton had said he had no knowledge of the events, he was cleared, and the NCAA ruled him eligible. It was kind of quick response by both parties and as for the NCAA, their decision was kind of unprecedented.

In an age where we have seen players get suspended for multiple games for selling their own jersey’s -- the ones that the NCAA make money off of with no cut for the players -- it’s almost refreshing to see the NCAA be so lenient. The folks here in Las Vegas had a cloud of small issues all over the place when UNLV basketball was winning in the early 90’s ranging from phone cards to barbeques at the coaches house and even a violation where a player gave up his scholarship, gained a real estate license, and tried to sell homes.

Now what we have is the NCAA allowing a parent to secure secret deals for their sons who are athletes, without any repercussions, as long as the player doesn’t admit he knew anything about it. And why wouldn’t they not believe Newton, because being caught cheating numerous times in academics and stealing someone’s laptop while at Florida are all things of the past. Since he didn’t actually get caught by physical evidence like he did then, that means he’s telling the truth now, right?

From a betting standpoint, Auburn opened as 5-point favorites on Monday against South Carolina in the SEC Championship game, then dropped to -4 ½ when a few bets snuck in amid the rumors and then was taken off the board. The game reopened at -5 and currently rests at -5 ½. It’ll be interesting to see how this game plays out, but I’m not sure I can make a case for the Gamecocks. Let’s be real, Newton has some pretty powerful friends supporting him and the Auburn program who have rewrote a section of the NCAA rule book.

In the other big games, Florida State and Oklahoma money have come in since Monday. The Sooners opened 4 ½-point favorites in the Big 12 Championship game against Nebraska, where the Huskers may use two quarterbacks throughout the game. Currently, Oklahoma is a 6-point favorite. Virginia Tech opened as 4 ½-point favorites against Florida State in the ACC Championship game, but have been bet against, dropping the line to -4.

There are four other major line moves of a point-and-a-half or more this week from the opening number. Boise State and Nevada are both being bet against in a possible let down spot for them after last week’s emotional game. The Broncos opened 39 ½-point favorites at home against Utah State and are currently at -37 ½. The Wolf Pack opened as 10 ½-point road favorites at Louisiana Tech and are now -9.

USC opened the week as 7-point favorite at the Rose Bowl against cross town rival UCLA, but has been bet down to -5 ½. Florida International opened as 6-point favorites at home to Middle Tennessee State and has been bet against to -4 ½.

The Cavs-Heat NBA game hasn’t generated a lot of large bets as of yet, but the day of action will be huge from a volume standpoint just because everyone wants to see what happens in this saga and have something at stake on it for themslves. The popular play will be two, three and four team parlays involving the Lebron story and the Eagles-Texans game. A popular play with many of the small wagers has been taking the Cavs on the money line at +200. The entire storyline for this game is intriguing from all facets and the NBA couldn’t be happier with the buzz it has created for an early December game.

This is about the time of year where we can start paying closer attention to the weather which will have a huge impact on the pace of games. We also a a few injuries to take note of this week beginning with the Vikings at home against the Bills. Although Adrian Peterson may not play, you still have to like their chances against the leagues worst rush defense. Toby Gerhart should be able to plow through the Bills defense in the same pounding fashion we have seen Peyton Hillis do this year. The Vikings opened a 6 ½-point favorite and are down to -5 ½.

The Bears are a hot topic after beating the Eagles last week and they have shot up from a small 3 ½-point favorite to -4 ½ for their match at Detroit. Even though the Bears have been pretty consistent defensively, they still have to be considered one of the worse teams with a winning record. However, the Lions are one of the worst teams, period.

The 49ers lost Frank Gore for the season, but should be able to get an equal rushing performance by the combined efforts of Brian Westbrook and Anthony Dixon. Prior to their Monday night win, the Packers were a 10-point favorite with a total of 44, now they are -9 ½ with a total of 41 ½.

Along the same lines, the Cardinals looked much worse than we thought they would Monday night. They were only 3 ½-point home underdogs to the Rams, but after Monday’s game, the line was readjusted to Rams - 4 ½.. The week 16 matchup between the 49ers and Rams looks to be the game that will decide the weak NFC west division.

As for the two games of the week, not a lot of movement. The Ravens are -3 (EV) at home against the Steelers and the Patriots are a -3 ½-point favorite at home against the Jets. The best thing about these two games is that you can make a case for all four sides, which makes it tough to bet. Because these are huge games on isolated instances, the action will be strong, but the house holds the edge just because of so many split opinions where the books can juice out a win with equal action.