Hedge funds feast on credit arbitrage bonanza | Reuters

If things get materially worse, people will need

to de-risk their bond exposure and cash spreads will catch up;

if it improves, indices will look like an attractive and liquid

way to put risk back on as they are trading wide to intrinsic

value,” said Sheets.

One credit fund manager told IFR he would be postponing his

summer holiday to take full advantage of the bonanza, with

lucrative arbitrages also cropping up between index and

single-name CDS contracts, as well as the various credit


* Investors hunt for liquidity to cover long positions


(Reporting by Christopher Whittall; editing by Helen

Bartholomew, Matthew Davies)

This has caused the index to shoot to its widest level since

November, while cash markets have lagged behind..

The liquidity of CDS indices has made them the hedging

weapon of choice for many real-money managers, who can rarely

find the liquidity in cash markets needed to shift large chunks

of credit risk during times of stress. Either fears over higher rates are

leading to a sea change in the market and bond outflows, or it’s

a more normal sell-off,” said Andrew Sheets, head of European

credit strategy at Morgan Stanley.

Despite credit volatility picking up, dealers say liquidity

has held up, allowing investors to take views. Dealers say sub financial CDS has

snapped back in line with where it had been trading before these

concerns took hold, burning some participants in the process.

Buyside investors scrambling to cover long credit positions

have been the main driver of the market shift, as they have

hoovered up USD15bn of net protection on iTraxx Main – the

benchmark for European investment-grade credit – over the past

two weeks, according to data from the DTCC.

LONDON, June 28 (IFR) – A choppy European credit market may

have kept issuers on the sidelines of late, but it has gifted a

raft of trading opportunities for credit hedge funds as a large

basis has opened up between cash and synthetic markets.

By Christopher Whittall

A handful of banks now offer iBoxx total return swap

packages, giving investors a clean way to arbitrage the basis by

selling the cash bonds while going long credit through the CDS


“There are competing narratives for why the CDS market has

been weak versus cash. As a result, the basis

between cash and CDS has widened by about 25bp since iTraxx Main

reached its recent wide of 132bp on June 24.

Arbitrage opportunities remain, including the index skew

between the Main index and its underlying single-name

constituents, but many of these will probably be ironed out

before too long.

“It seems likely that investors are trying to

reduce exposure via CDS, which doesn’t have interest rate

exposure, instead of selling their cash bonds, which do. “The big

difference between now and five years ago is dealers’ balance

sheets are much smaller, so most of the pain has been on the

buyside, not the sellside, during those moves wider,” said the

European head of credit trading at a major house.

Traders say the Main index had become a proxy to hedge

everything from emerging market risk to credit options positions

that some had previously sold in order to boost returns. As Crossover

tightened 40bp, the bonds tightened 25bp, so we captured 15bp,”

said one hedge fund manager.

* Cash/CDS basis hits record wides

The most dramatic move has been in the iTraxx sub financials

index, where many investors had taken the view that proposed

changes to the contracts to incorporate bail-in legislation

would make sub CDS worthless. When Crossover hit 520bp, we

sold the cash via TRS and went long via the index. That

makes us think that fear of higher rates isn’t the main driver.”

“It’s been very good lately. The

bellwether index was consequently 21 times over-bought compared

with iTraxx Crossover, and had outperformed most other indices

as it tightened back to 115bp on Friday (June 28).

“I don’t think this is a new normal – the basis

should narrow

“I’m not pro sports gambling. I’m just a realist.”

Specifically, New Jersey Gov. I needed a forum to make it clear.”

With the proliferation of casinos and state lotteries, the instant gratification of the Internet and the boom in daily fantasy sports, betting was becoming part of mainstream America. While the NBA is still fighting in the courts to keep New Jersey from setting up its own sports-betting operation, three other states (New York, Indiana and South Carolina) have introduced similar bills this year, and a Minnesota state representative, Phyllis Kahn, has told ESPN that she’ll be introducing a sports-betting proposal early in this legislative session.

Nine months later, on a cold January afternoon on the 19th floor of league headquarters in Midtown Manhattan, with Hot Chocolate’s “You Sexy Thing” playing, Silver is loose and joking, all the while being prepped for his cover shoot. Gary Bettman, the longtime commissioner of the NHL, told CNN in November after Silver’s op-ed was published: “I think there needs to be some attention paid to what sports is going to represent to young people. Included in the forum, which wasn’t open to the public, were talks with law enforcement officials, gaming regulators, addiction specialists and even a former student-athlete caught up in sports gambling.

When asked about the support he’s getting from other leagues, Silver says, “I have talked to the commissioners in the other leagues about it, and I leave it to them to make any public statements they want to make on it. “One of my concerns is that I will be portrayed as pro sports betting,” he says. And publicly, it did. In those meetings, sources with direct knowledge say, contingency plans were formed in preparation for the day sports betting is legal outside of Nevada.

Leave it to Mark Cuban to be frank about that aspect of the NBA’s support for legalization. It saw how all that interest, as well as action from illegal offshore betting sites, fueled NBA fandom, and it realized it needed to have a seat at the table — the better to monitor and monetize those burgeoning passions. But the timing of the op-ed allowed him to address another seeming hypocrisy: Just one day prior to its publication, the league announced a deal with a successful daily fantasy operator called FanDuel, which boasted some $621 million in entry fees last year alone. On the one side are those who tell you that’s the way it’s always been done, and on the other are those who urge you to change and adapt.

Stern began thinking along the same lines. She was represented by Ifrah, while David Deitch, a former Justice Department attorney, represented the government. Congress should adopt a federal framework that allows states to authorize betting on professional sports, subject to strict regulatory requirements and technological safeguards.”

The timing of the column, of course, was calculated. That’s yet another reason I think it needs to be closely monitored.”


The NBA’s pivot point on legalized gambling appeared in a Nov. Attorney Harris Fischman examined major U.S. 13, 2014, editorial in The New York Times, penned by new commissioner Adam Silver: I believe that sports betting should be brought out of the underground and into the sunlight where it can be appropriately monitored and regulated.

In September, Silver told an audience at a Bloomberg sports business conference that expanded legalized sports betting in the U.S. “My greatest concern,” he says, “is that there will be, in essence, a hodgepodge of regulations controlling sports betting that will vary from state to state, jurisdiction to jurisdiction, and will make it increasingly difficult to monitor betting on our very own sport.”

Privately, though, the league was watching — closely — as the Vegas market and legal daily fantasy sites were growing exponentially. In 2009, the then-commissioner told Sports Illustrated, when asked if legal sports betting would be in the NBA’s best interest, “It has been a matter of league policy to answer that question no. “Then we began getting approached by sports-betting companies outside of the United States, where it’s legal, to do business with them. “As we began to stage exhibition games in Europe and China and jurisdictions where sports betting was legal, it caused me to focus more on this than I had historically,” Silver says. (One study by Nevada gaming company Club Cal Neva projected a possible windfall of $50 million for Atlantic City casinos if betting was legalized.) But the leagues — the NBA, NFL, NHL and MLB — and the NCAA sued, claiming that the state was in violation of PASPA and that the perception of the integrity of the games would be damaged if New Jersey began taking legal bets.. Regardless of public positioning, all the leagues are actively planning for a new gambling reality. And when it did, it was not subtle.

The opportunity for additional streams of capital from sports betting can’t be lost on U.S. Does it become a vehicle for betting, which may in effect change the atmosphere in the arenas?”

PERHAPS THE BEST Silver can hope for from other commissioners is a new view of sports betting as a possible “frenemy.” It is tricky, after all, for the leagues to embrace something they’ve long denounced for its impact on the “integrity of the game.” It would also be naive to think that this is all about the sanctity of the results. That’s the pragmatic approach.”

Cuban has suggested that one way of monetizing that interest is to charge sportsbooks and casinos licensing fees to use the league’s data. So were politicians. Once again, the leagues sued and won. team owners. And someone who’s a realist in the business. In March, two NBA attorneys attended a mock sports-betting trial put on by gaming attorney Jeff Ifrah at iGaming North America at Planet Hollywood in Las Vegas. “Yet at the same time, we were opposing the New Jersey legislation in multiple court actions. You don’t have to be a cynic to think that the leagues and their owners want a piece of that very big betting pie.

The Donaghy revelation became the ugliest gambling scandal to hit an American professional sport since at least Pete Rose’s banishment from baseball in 1989 and perhaps since the Black Sox threw the 1919 World Series. The NBA deal also included an equity stake in the company. The best way for the league to monitor our integrity is for that betting action to move toward legal betting organizations, where it can be tracked. was “inevitable” because cash-strapped states need the revenue.

Silver says he hasn’t set a timetable for the day when we can legally bet on a Cavaliers-Heat game. I will say that certainly all of them … I’m glad Adam is putting the hypocrisy behind us and putting it all up front.”

And so after taking over for Stern last February, Silver wasted little time implementing his approach. … All of them have assigned people to study the issue intensively.

” — NBA commissioner Adam Silver

A united front among all the leagues would certainly help Silver’s cause for a federal solution. One week later, the NBA was due back in court as part of its ongoing fight to prevent New Jersey from making sports betting legal. And in New Zealand, sportsbook giant TAB paid more than $5 million last year in commissions to the leagues it takes wagers on. It studied and researched and planned behind closed doors before it made its move. “We’re still in the monitoring stage,” he says. The title of the exercise? “As Close as You Ever Want to Get to a Federally Prosecuted Sports Betting Trial.” In it, Assistant U.S. “And while I wouldn’t categorize that as sports betting, on the continuum of no betting at all and legalized betting, it’s certainly on the spectrum.”

But multiple sources with direct knowledge of meetings between the leagues believe the NHL is much more open to legalization than Bettman’s comments indicate. He’s relaxed, though not unguarded. Just 88 days into his tenure as NBA commissioner, on April 29, 2014, Silver banned Clippers owner Donald Sterling in a four-minute proclamation on national TV, his willingness to stand alone in full view.

So it is, then, that for now, at least, Silver seems comfortable standing alone as the only acting U.S. “In light of these domestic and global trends,” he wrote, “the laws on sports betting should be changed. District Judge Michael Shipp ruled in favor of the leagues. “But I view myself more as pro transparency. In September 2014, citing a loophole in the Department of Justice’s language about violations to PASPA, Christie issued a directive to legalize. In September 2012, the NFL convened a forum in collaboration with other pro leagues, the International Olympic Committee and the NCAA to discuss best practices, law enforcement resources and the gambling industry. MLB declined to comment for this story, and the NFL refused to even reiterate its anti-legalization stance. “As someone who attends an enormous number of games, I’m often hearing fans talking about it,” Silver says. A 2007 letter signed by all general counsels of the major sports leagues and the NCAA, including NBA vice president Rick Buchanan, stated, “The harms caused by government endorsement of sports betting far exceed the alleged benefits.”

U.S. 16 Gambling Issue. “The league and many of our teams are actively engaged in the so-called daily fantasy business,” Silver says. The illegal market across sports? Try 132 times that — an estimated $138.9 billion, according to the American Gaming Association. “We did everything possible to encourage it while publicly condemning gambling. The case is headed to the Third Circuit Court of Appeals this spring.

The bald 52-year-old man in glasses and a conservative dark suit doesn’t look like an agent of change — especially with the 1970s soul music playing in the background on the set at a recent photo shoot for The Mag. commissioner to publicly support legalized sports gambling. Actually establishing a legal framework is another. He spent time overseas growing the NBA’s brand, giving him a vantage point to see how legalized gambling worked in other countries. have assigned people in their organizations to study the issue intensively.”

The evolution of Silver as gambling realist in many ways began in 2006, after he took over the league’s international operations as deputy commissioner. There also have been other, more private confabs involving high-ranking advisers to the leagues. Chris Christie, who in 2012 began pushing to legalize sports betting in his state by challenging the Professional and Amateur Sports Protection Act (PASPA) of 1992, the federal ban on state-sponsored sports betting. As we became more of a global company, I began to think about what our policy should be here.”

I have talked to the other commissioners about it. In 2013, $1.05 billion was wagered legally on basketball, combining the professional and college levels. “We have studied the New Zealand model and other models in other jurisdictions,” he says.

This story appears in ESPN The Magazine’s Feb. Deitch prevailed.

Through it all, Silver has remained steadfast that legal sports gambling should be addressed first on the federal, not state, level. In that dark moment, the NBA could very well have hunkered down and waited for the dawn. The “defendant,” “Ginger McKenna,” was accused of facilitating illegal sports bets. “Even if they’re not betting, they’re highly aware of the betting line and over/unders.”

THE NBA’S DARKEST hour can actually be marked by a single moment, concentrated down to the uttering of a sentence.  “I can tell you that this is the most serious situation and worst situation that I have ever experienced either as a fan of the NBA, a lawyer for the NBA or a commissioner of the NBA.” That was the lament of then-commissioner David Stern during a July 24, 2007, news conference announcing that referee Tim Donaghy was under federal investigation for betting on games. But Adam Silver has proved otherwise. But I think that league policy was formulated at a time when gambling was far less widespread — even legally.”

His time overseas coincided with the Donaghy scandal and the revelation, as Silver puts it, “of how important it is to have a way of monitoring irregular activity in our games.” He adds, “None of the systems we had in place had captured any betting by Donaghy.”

Fans weren’t the only ones talking about it. In some areas of Australia, for example, sportsbooks pay fees to leagues based on the gross revenue made off the wagering of the games. In 516 words, he diagnosed the reality of sports betting in the U.S.: Federal and state laws are not stopping anyone from betting. In England, bets can be placed on a smartphone, at a stadium kiosk or even using a TV remote control. It could have continued to treat sports betting as the enemy that for as long as anyone could remember had threatened the very fabric of the game. Or on Silver, who gained extensive knowledge of foreign revenue models during his time overseas. Subscribe today!

In the meantime, Silver is willing to take the lead on an issue that some liken to the legalization of marijuana — socially acceptable but mostly illegal.

SPORTS IS AN ongoing contest between two forces: tradition and innovation. The move made sense to many in New Jersey, where ailing gaming and racing industries were causing financial strain. That’s when Silver says he began to realize the need for a response. Billions of dollars are being illegally wagered on sports, almost all online. “I am very sensitive to people thinking that I’m not understanding of the downsides,” he says. But you can bet all interested parties — the other leagues, the states, the bookmakers, the bettors — are following the developments as closely as they would a point spread.

Studying models is one thing. “We have always known betting, fantasy leagues and daily [fantasy] sports have driven interest and viewership,” wrote the Mavericks’ owner in a recent email exchange with The Magazine. gaming laws, including PASPA and the Wire Act, which prohibits any betting activity that includes wire transmissions. “I recognize that it can be very damaging to a person or a person’s family, just like other substances of potential abuse taken to extremes. But the state didn’t give up. But that’s not to say he and the NBA are the only ones re-examining their approach. The other leagues have — at least publicly — not wavered from their anti-legalization stance after the op-ed. “I felt the need to explain why I had made other statements acknowledging that I thought sports betting should be legalized,” Silver says. And the NHL and MLB are both currently partnered with daily fantasy sports operator DraftKings.

In November 2011, New Jersey voters had overwhelmingly approved a referendum to legalize Las Vegas-style sports betting at racetracks and casinos across the state

2015 NCAA tourney betting guide

The Bulldogs have more than enough talent to hang with Duke and Kentucky.

ATS pick: Northern Iowa -7.5

ATS pick: TBD

Wunderdog: Northeastern/Notre Dame: under 141

Using Sport Insights’ Bet Labs software, we found that tournament favorites that receive less than 50 percent of spread bets have gone 86-65 ATS (+16.24 units won, 10.8 percent ROI) over the past 10 years. Besides, a lot of people think the Hoyas are overseeded; in fact, the BPI had them as a No. All that stuff aside, we can only handicap the games in front of us, and while SMU is a solid team, I am convinced that if UCLA plays like it did against Arizona in the Pac-12 semifinals, the Bruins will be able to pull the upset here.

ATS pick: Arkansas -6.5

Westgate line: Iowa -2

PickCenter consensus pick: 53 percent picked Davidson

Tuley: Everyone loves picking No. And Mick Cronin’s absence won’t be as magnified with Purdue playing a nearly identical brand of basketball.

South | West | Midwest | East South Regional

No. 2 offensive team in the nation. It took time, but Maryland’s offense looked improved the back half of the campaign. Notre Dame

2. Northeastern

Wichita St. NC State is also 31st in the nation in rebounds. 3 Notre Dame Fighting Irish vs. MAC opponents), but struggled to keep opposing teams off the glass. Arizona

Harvard plus-8.5 vs. 12 seed). 4 Georgetown Hoyas vs. However, I’ve seen this before where a team sneaks into the tournament and vindicates the selection committee (most notably VCU in 2011). 11 Boise St./Dayton winner

Westgate line: Northern Iowa -7.5

PickCenter consensus pick: 60 percent picked Wyoming

No. I will have some on Harvard plus-525 over North Carolina and Belmont plus-1200 over Virginia, but I’ll probably pass on Texas Southern and Lafayette at plus-2500 apiece over Arizona and Villanova.

Jay Kornegay’s top public teams

Tuley: This game is a contrast in styles, as St. While bettors overwhelmingly tend to take the favorite during the regular season, the NCAA tournament is a rare time when the public jumps all over the underdog.

Tuley: This line climbed from UNC minus-9 to minus-10, and I liked it more and more — until it got bet back to 8.5. No. But fear not: ESPN’s Chalk college basketball betting experts are here to help. Whatever the reason, our historical archive reveals a distinct change in public betting behavior.

Utah would be the only tourney future I see to hold a little bit of value.

Tuley: Gonzaga is hardly even considered a mid-major anymore; instead, it’s the poster child for programs like North Dakota State, which upset Oklahoma last year in the Seattle subregional. We’ve asked our experienced group of wiseguys, including Dave Tuley, Andrew Lange, Dave Solar, Geoff Kulesa of Wunderdog Sports and Sal Selvaggio what they’re looking at when handicapping the bracket and picking tourney games.

Cincinnati plus-1 vs. No. 8 San Diego St. North Carolina

VCU plus-2 vs. The reason for this is if your team gets to the Final Four and you want to hedge, you’re gonna be paying a huge price to hedge with Kentucky on the money line.

ATS pick: Stephen F. No. 6 Xavier Musketeers vs. Arizona

3. No. Albany got here by winning the America East, but didn’t step up in competition much. No. 7 Iowa Hawkeyes vs. ACC opponents). I’m not buying this one. +1*

Midwest Regional

Westgate line: Ohio St. But I’m going contrarian here. No. They have a similar profile to the Mountaineers with poor outside shooting (31.9 percent 3-pointers) but the ability to hit the offensive boards (36.5 percent). The Terrapins rely an awful lot on Dez Wells and Melo Trimble, and I would expect Valpo to play some zone. Unfortunately, this system would also include teams that were an underdog during their last conference tournament game. No. 3 Iowa St. Duke

7. The public has mostly bet against UCLA, as this line opened SMU minus-2 at several books and is up to 3.5 at most books and even 4 at a few as of late Monday night. Purdue

West Virginia minus-4.5 vs. No. 8 Cincinnati Bearcats vs. This team is 18-7-1 ATS after a loss, and 23-9-1 ATS on neutral courts. If you’re playing any other team and don’t want to parlay game to game (maybe you’re betting in Vegas and won’t be back after the opening weekend), bet the odds to win the regional (see below) instead of the odds to win the whole thing. 5 West Virginia Mountaineers vs. Austin is justifiably getting a lot of support as a live underdog, as it upset VCU last year in this round and a lot of people remember that and are looking for a repeat. It almost always yields a better payoff, plus it gives you the option along the way to pull out profits or to stop altogether if there’s a key injury or something.

No. No. 12 Wyoming Cowboys

Championship title odds

Best title value bets

No. Stephen F. John’s Red Storm

Tuley: This isn’t like one of the Louisville teams we’ve grown accustomed to seeing in recent years, and they look fade-able, but it looks like the committee did the Cardinals a favor with this seeding and matchup. Wisconsin is tops in the Big Ten in points allowed, second in free throws, second in field goal shooting and rebound margin. It all looks so easy that I hope it’s not one of those things that are too good to be true.

Tuley: I don’t expect Texas Southern to give Arizona too much of a scare as they’re overmatched talent-wise and don’t have a superstar or even a true big man. The Badgers come into the tourney fresh off a Big Ten title, winning every game by double digits. They’ve lost two games all year: an OT loss at Arizona and a 3-point loss to BYU, the No. But except for Lawrence Alexander, NDSU is far inferior to the team that nearly made the Sweet 16 last year, and frankly, it wouldn’t be in the field if it hadn’t won the Summit Conference tournament. Indiana

Maryland minus-4 vs. This is the best and most balanced Gonzaga team yet, playing in its backyard, so I can’t get on the NDSU bandwagon.

Tuley: Every year, there are a few teams that get snubbed or a few teams that get overseeded or underseeded and cause heated discussions.

Tuley: Georgia State is an interesting underdog as it plays well on the defensive end, holding 11 opponents under 30 percent shooting this season. Below is a list of the best and worst coaches to bet on in the NCAA tourney this year and their corresponding ATS tourney records.

Wunderdog: Defense is key in March and Oklahoma State has it, as the Cowboys finished fourth in the Big 12 in points allowed, and fifth in field goal shooting percentage allowed this season. However, we do have a Tier 2 match on Oklahoma State. UC Irvine has twin towers in 7-6 Mamadou Ndiaye and 7-2 Ioannis Dimakopoulos, but Louisville still has the matchup’s two best players in Terry Rozier and Montrezl Harrell despite all the players the Cardinals have lost. It’s that lack of depth that has me looking to play against them in the next round, but not in this one.

ATS pick: Notre Dame -12


No. On offense, they are strong in free throw shooting (76 percent), which is always a plus when games are close. Michigan State

9. 16 North Florida/Robert Morris

Perhaps bettors consider all tournament participants to be upper-echelon teams and are content taking the points regardless of opponent. 10 when a lot of people would argue those should be switched. This is one of those instances, and it provides a very strong favorite laying a very reasonable price.

Wisconsin minus-18 vs. A lot of NCAA underdogs have used a stellar defense to pull upsets or cover spreads against more athletic teams. 3 Oklahoma Sooners vs.

No. 2 seed Duke last year). 10 Davidson Wildcats

In last week’s conference tournament betting guide, we detailed a system that focuses on large underdogs in low-scoring games, and explained how public betting patterns change during the postseason. Oregon leans too much on offense, as the Ducks were 10th in the Pac-12 in points allowed and ninth in rebounding defense this season. No. minus-1 vs. 7 Wichita State Shockers vs.

Most profitable tournament coaches since 2005

Westgate line: SMU -2

PickCenter consensus pick: 67 percent picked SMU

No. If Harvard can dictate the pace, the experienced Crimson could pull another upset or at least keep this within the spread.

Cincinnati plus-1 vs. 11 seed and pretty far removed from the bubble). 15 New Mexico St Aggies

No. Bison

Wunderdog: NC State is on a nice 6-2 SU run coming into the Big Dance. No. Indiana is a smoke-and-mirrors team that beat up on the weak and shot its way to wins at home — not a recipe for postseason success. 15 Belmont Bruins

ATS pick: TBD

No. The Great Danes lost 64-60 to Providence and 75-59 to UNLV. 5 Arkansas Razorbacks vs. Larry Krystkowiak is one of the best coaches in the game and will hold an advantage over most on the sidelines. 12 Buffalo Bulls

No. However, I’m really high on Utah with its inside-outside tandem of guard Delon Wright and 7-foot center Jakob Poeltl, and this number looks a little short (again, because of the support for SFA as an ever-popular No. This isn’t your typical Valpo team, as the Crusaders play at a plodding pace and win with defense (0.94 points per possession allowed). Austin team in the first round, but the Utes play a very good brand of basketball that fits the tournament setting. The Cowboys come in off a bad offensive game against Oklahoma, but they are 6-1-1 ATS after scoring fewer than 50 points in their previous game. I don’t think Buffalo will be overwhelmed, as they held halftime leads on the road at Kentucky and Wisconsin, but West Virginia is an extremely hard team for which to prepare. 9 LSU Tigers

ATS pick: Texas Southern +21.5*

Westgate line: San Diego St. No. Lafayette did play at Villanova in last season’s opener and was tied with eight minutes to play before losing by 16 points (75-59). No. Albany is on an 0-5 ATS run and will get stomped by the talented and well-coached Sooners.

Enjoy and good luck.

ATS picks for every game

Westgate line: Gonzaga -16.5

PickCenter consensus pick: 54 percent picked North Dakota St. Wyoming made a nice run through the Mountain West Conference to steal a bid, but Northern Iowa has moved beyond that “Cinderella” category into a team that wouldn’t be a shock if it made the Sweet 16 (in fact, an argument could be made that the Panthers should be the No. 10 Ohio State Buckeyes

Lange: How is either team going to score? Both squads are tremendous at packing the paint, contesting shots and rebounding. Spartans vs. 2 Duke in 2008, but this year’s team was 25th in the nation from the floor at 47.6 percent, and won its last seven games, including an upset of Murray State to steal the OVC’s automatic bid. 3 Baylor Bears vs. However, it troubles me that this line is so short (years ago, this would be well into double digits) and I’m just afraid that in the end, Baylor will win out. Utah can play with anybody sans Kentucky in this field.

Tuley: A lot of people are picking this game as this year’s mega-upset (like Mercer over No. Belmont is probably most known for nearly beating No. No. They challenged themselves in nonleague play with games at Wichita State, Wyoming, St. 4. Another thing working for the underdog is that Lafayette coach Fran O’Hanlon is a Nova alumnus and there’s a chance the Wildcats won’t want to embarrass O’Hanlon by running up the score.

Westgate line: Texas -1.5

PickCenter consensus pick: 62 percent picked Texas

ATS pick: Wichita State -6

Westgate line: Arizona -21.5

PickCenter consensus pick: 58 percent picked Arizona

Westgate line: Kansas -11

PickCenter consensus pick: 60 percent picked Kansas

Tuley: Here’s another 5-12 matchup, with the public looking to the underdog to pull an upset. Georgetown

UCLA plus-2 vs. They also have a tremendous amount of size, with a frontcourt that features players standing 7-3, 6-10, 6-9 and 6-8. Neither team will shy away from the transition game, but the opportunities will be limited, especially for Purdue as the Bearcats boast one of the best transition defenses I’ve seen this season. Seven-footer  Frank Kaminsky, 6-7 Nigel Hayes and 6-8  Sam Dekker are a handful for any frontcourt and will overmatch Coastal Carolina, whose top rebounder is 6-7 Badou Diagne. -1.5

West Regional

To be added after the North Florida-Robert Morris “First Four” game on Wednesday in Dayton, Ohio.

Andrew Lange: Bettors are faced with handicapping a dreaded “non-boarded” team here, as New Mexico State won the oddball WAC. This team is 312th in the nation in assists and its top rebounder is 6-6 Sam Rowley. No. I don’t see any potential matchup where I’ll be fading them, starting with the opener, as UAB needed the home court to win the Conference USA tournament as the fourth seed to earn its dance ticket. Valparaiso

Westgate line: Providence -TBD

PickCenter consensus pick:

Tuley: I have two things to say about betting futures.

Westgate line: Duke -TBD

PickCenter consensus pick: TBD

Coaching is a huge part of any sport, but particularly in college basketball. Oklahoma State has excellent balance with 6-7 senior Le’Bryan Nash (17 PPG, 5.4 RPG) and 6-8 senior Michael Cobbins up front, plus junior Phil Forte III (15 PGG). Now, it’s a sliding scale. However, the Wildcats are only 2-3 ATS when laying 20 points or more, so this seems to be the tipping point. Coastal Carolina

Westgate line: Notre Dame -12

PickCenter consensus pick: 60 percent picked Notre Dame

Tuley: UCLA’s inclusion by the selection committee was the most vilified decision on Selection Sunday (especially when the Bruins were given a No. 7 seed and Ohio State at No. 2 Kansas Jayhawks vs. Aztecs vs. As an underdog under Steve Alford, the Bruins are 17-7 hitting the under.

Westgate line: Xavier -TBD

PickCenter consensus pick: TBD

Maddux Sports:

ATS pick: UCLA +2*

ATS pick: VCU +2*

Tuley: Davidson has its best team since Stephen Curry led it to the Elite Eight in 2008, and this team might be even better overall. You’re going to run into situations in the tournament where hot shooting beats good defense, but in this instance, I want my money on the far more complete basketball team. Some will say the Shockers are being punished for losing to Illinois State in the Missouri Valley semifinals. 9 St. No. Wisconsin

6. 13 Eastern Washington Eagles

Lange: First thing’s first: Can Buffalo hang on to the basketball and rebound on the defensive end? No team in the MAC comes close to resembling West Virginia’s chaotic ways. 13 Valparaiso Crusaders

ATS pick: Butler +1.5

Westgate line: Maryland -4

PickCenter consensus pick: 69 percent picked Maryland

ATS pick: Gonzaga -16.5

Westgate line: Baylor -7

PickCenter consensus pick: 59 percent picked Baylor

No. 6 Providence Friars vs. 9 Oklahoma State Cowboys

I think it’s important not to punish NMSU too much for its conference affiliation, as the program recruits well and has been on solid footing throughout the Marvin Menzies era. Gonzaga 6-foot-10 freshman Domantas Sabonis (9.5 PPG, 7 RPG), 7-1 junior Przemek Karnowski (11 PPG) and 6-10 junior Kyle Wiltjer (16.7 PPG) anchor an NBA-like frontcourt, while senior guard Kevin Pangos (11.5 PPG, 5 APG) gets things moving. 2 Gonzaga Bulldogs vs. -4.5

PickCenter consensus pick: 70 percent picked Michigan St. Iowa

Lafayette plus-23 vs.

ATS pick: Belmont +16*

The table below summarizes the results of our analysis.

Best and worst coaches to bet on

ATS pick: Oklahoma -12*

No. 8 NC State Wolfpack vs. No. SEC Player of the Year Bobby Portis (yes, he won over all those Kentucky blue-chippers) and his teammates love to run, and I just don’t see Wofford keeping pace.

To be added after the Boise State-Dayton “First Four” game on Wednesday in Dayton, Ohio.

No. The Zags just won the West Coast Conference by winning two games 79-61 and 91-75. They have great balance, with a strong frontcourt, while 6-4 junior Buddy Hield (17.5 PPG, 5 RPG) and 6-4 junior Isaiah Cousins (12.2 PPG, 5 RPG) run the backcourt and lead the team in scoring. Interesting side note in that for all the flack Barnes and the Longhorns have taken, they have an identical 17-13 ATS record as Butler. No. No. Wisconsin is 4-0-1 ATS in its past five NCAA tournament games. Ohio St. As a team, the Huskies shoot 52.9 percent from 2, 38.8 percent from 3 and 72.4 percent from the free throw line. Not one I’m going to overthink here, as Butler is worth a play as an underdog, preferably at plus-2.

Westgate line: Utah -6

PickCenter consensus pick: 59 percent picked Stephen F. A year ago at this time they played American in the opening game and won 75-35, allowing only 29 percent shooting.

ATS pick: Harvard +8.5*

UCLA/SMU: under 134

Tuley: As we’ve all seen over the years, when an underdog is live during March Madness, they often pull the outright upset instead of just covering. Buffalo

Wisconsin minus-18 vs. The Ducks allowed 54.5 percent shooting the last game, an 80-52 loss to Arizona, and are 2-6 ATS following a loss of more than 20 points.

No. 1 Wisconsin Badgers vs. Kentucky

4. 13 Harvard Crimson

No. Furthermore, they’re playing their best basketball of the season right now, winning the Atlantic 10 title, and they will be taking on a turnover-prone Buckeyes team.

UCLA averaged more than 80 points per game at home this season, but just 62.7 on the road — a difference of more than 18 points per game. 13 UC Irvine Anteaters

Westgate line: Wisconsin -18

PickCenter consensus pick: 65 percent picked Wisconsin

ATS pick: Iowa St. Austin Lumberjacks

ATS pick: San Diego St. The Wolfpack match up well with an LSU squad that is on a 6-4 SU run, bowing out fast in the SEC tourney (a 73-70 OT loss to Auburn as a 9-point favorite). Offensive rebounding and garbage points are musts for Butler, because Texas is a fairly strong defensive team in the half court. While managing egos seems to be the largest challenge for NBA coaches, imparting fundamentals and turning five talented individuals into one cohesive unit are just two of the struggles facing college coaches. However, this puts Shaka Smart and his VCU program in the underdog role, where they’re more comfortable. The Mountaineers’ success in the “first meetings” in Big 12 play (6-3 SU/ATS) suggests we look their way.

The second is specific to this NCAA tournament, with such a huge favorite in Kentucky. When this team was also an underdog in its previous game, the number of past matches is reduced dramatically, but we’re left with a 27-11 ATS record (+14.5 units, 38.2 percent ROI).

Andrew Lange:

Our theory posits that when an underdog pulls off an unlikely upset, square bettors have difficulty accepting the team’s new role as a favorite. 16 Lafayette Leopards

What this guide contains:

No. 4 Louisville Cardinals vs. Austin

Westgate line: Louisville -9

PickCenter consensus pick: 53 percent picked UC-Irvine

Tuley: I’m conflicted on this game. And while the level of competition in the Colonial (the 19th-rated conference, according to Sagarin) wasn’t all that stiff, Notre Dame isn’t known for its defensive prowess (1.07 points per possession allowed vs.

ATS pick: Eastern Washington +7.5*

ATS pick: TBD

As the spreads get higher, the points are more likely to come into play and I’ll bet a smaller percentage on the money line: Georgia plus-210 over Michigan State and Eastern Washington plus-280 over Georgetown. (Note: I am considering playing Georgia State plus-4.5 in the first half, though that still seems a little short.

During the regular season, a majority of public bettors take the underdog in just 17.65 percent of games; that figure reaches 23.82 percent for the NCAA tournament. John’s will likely stick with its four-guard lineup and push the pace while San Diego State will try to slow it down and control the game with its huge front line — especially compared to SJU with just 6-foot-6 Sir’Dominic Pointer to match up with 6-10 Skylar Spencer, 6-8 Winston Shepard and 6-7 J.J. 7 VCU Rams vs. 11 BYU/Ole Miss winner

Westgate line: NC State -1

PickCenter consensus pick: 64 percent picked NC State

Wunderdog: Gonzaga (18-1 at Westgate, bet down to 15-1)

Wunderdog: Wisconsin got off to a great start this season and hasn’t slowed down. No. 16 Hampton/Manhattan winner

Westgate line: Oregon -1

PickCenter consensus pick: 60 percent picked Oregon

Tuley: Villanova is for real, and hard to bet against at 24-9 ATS. Oregon

Oklahoma minus-12 vs. The same can be said for Purdue’s two 7-footers, Isaac Haas and A.J. 15 Texas Southern Tigers

Westgate line: Villanova -23

PickCenter consensus pick: 53 percent picked Lafayette

Westgate line: Wichita State -6

PickCenter consensus pick: 55 percent picked Wichita St.

Eastern Washington plus-7.5 vs. Notre Dame can score, but both teams play solid defense, allowing points in the 60s. 10 Indiana Hoosiers

By David Solar, SportsInsights.com

Note: Picks marked with an asterisk (*) are best bets. Coastal Carolina

Oklahoma St. He will not get outcoached. Coach Lon Kruger is outstanding, knowing how to get his team focused and prepared, and he’s very strong at in-game adjustments. 15 North Dakota St. The Wolfpack are a tough matchup for a lot of teams with their three-guard attack of 6-3 junior Trevor Lacey (15.8 PPG, 4.4 RPG), 6-5 senior Ralston Turner (13.2 PPG) and sophomore Anthony Barber (12 PPG). Mary’s, Baylor and Colorado State (average loss: 8.8 PPG). Northern Iowa

No. North Carolina has every possible edge, but the Tar Heels don’t always show up, and they were just 14-13-1 ATS before finishing the season 5-2 ATS. No. The Tigers have to be feeling the role of Cinderella, and I think they can stay within the huge number.

No. But I don’t expect Arizona to rack up a ton of points and run up the score, either. 2 Virginia Cavaliers vs. O’Brien. The Utes are underseeded by most respected metrics, and the committee didn’t do them any favors matching them up against a tough Stephen F. When dealing with mid-major teams, I’m hesitant to put much stock into nonconference play as a vast majority of games against power conference foes are played on the road. Villanova

Belmont plus-16 vs. The Red Storm will really miss suspended 6-10 shot-blocker Chris Obekpa. Statistically, the Bulls are fairly sound in the turnover department (15.2 percent vs.

No. No. underachiever (Texas). The Sooners are also on a 10-3 SU run, and are 23rd in the nation in rebounds. The issue is that Northeastern hasn’t faced an offense even remotely close to that of the Irish. No. In the end this is a very even matchup, but I think the Bearcats are still the play, even being bet to favoritism.

No. 14 Northeastern Huskies

Lange: This is a classic case of overachiever (Butler) vs. No. When facing a winning team this season, UCLA was 17-6 hitting the under. 1 Villanova Wildcats vs. Austin +6

ATS pick: Maryland -4

No. The Badgers are 42-20-1 ATS in nonconference games and 20-8-1 ATS in their past 29 neutral-site games. Virginia

Georgia plus-4.5 vs. 14 Georgia St Panthers

ATS pick: TBD

Tuley: Well, this region is looking rather chalky so far, but I believe that ends here (though I do have some trepidation as Eastern Washington is becoming such a trendy pick). No. With public support shifting, we theorized that there would be value fading these so-called “trendy underdogs.”

To be added after the Hampton/Manhattan “First Four” game on Tuesday in Dayton, Ohio.

Tuley: I liked Iowa State last year and was bummed when the Cyclones ran into another hot team that I was in love with (UConn) in the Sweet 16. Kansas

10. The higher the spreads go, the less convinced I am that the underdog will win outright, plus the more the books will shave off the true odds, so I won’t bet as much on the money line. 1 Duke Blue Devils vs. 6 Butler Bulldogs vs. The American has some weak teams, but I give the Bearcats small edges on both sides of the ball. 9 Purdue Boilermakers

ATS pick: West Virginia -4.5

No. 11 UCLA Bruins

No. This is a long-winded way of saying that the committee put VCU in at a No. -12

PickCenter consensus pick: 54 percent picked Iowa St. It’s a veteran team, too. Cincinnati chews up tons of clock trying to get the ball in the paint to Octavius Ellis. If he’s not fully back in form (and he didn’t look like it in 26 scoreless minutes in the ACC tourney, including a miss on the possible game winner against North Carolina), that opens the door more for the Bruins.

Pick: over 131

No. Arkansas won 10 of its last 13 games, and two of those losses were to Kentucky. SMU

Davidson plus-2 vs. 12 Stephen F. 4 North Carolina Tar Heels vs. If bettors are willing to take a 12-seed over a 5-seed straight up, it makes sense that they would also be willing to bet the 12-seed getting points.

Westgate line: Georgetown -7.5

PickCenter consensus pick: 73 percent picked Eastern Washington

No. Anyway, the added rest should help Gaines and put Georgia as a live underdog.

No. No. SMU held opponents to fewer than 60 points per game this season — ranked in the top 20 in the nation. 7 Michigan St. The Bulldogs held a plus-7.3 rebounds-per-game edge in Big East play — 3.9 rebounds per game better than second-best Providence. Cyclones vs. 12 Wofford Terriers

Texas Southern plus-21.5 vs. For all of Texas’ length and size, the Longhorns were a solid, but hardly impressive plus-3.9 rebounds per game vs. Coach Mike Brey is 11-3 hitting the under in NCAA tournament games at Notre Dame.

Dave Tuley:

Westgate line: Michigan St. 1 Kentucky Wildcats vs. The oddsmakers certainly think so, as they made Ohio State the favorite despite the seedings. The Tigers turned it over 17 times to Auburn’s attacking guards, and this is an equally tough backcourt matchup.

Bettors can also use the public betting trends available on ESPN Chalk’s Live Odds page to track favorites receiving less than 50 percent of spread bets.

ATS pick: NC State -1*

NCAA tournament teams, 2014-15 records

o picks for every NCAA tourney game on Thursday and Friday

o ATS records for every tourney team

o the best 2015 NCAA title value bets 

o Vegas handicappers’ best ATS bets, upset picks and over/under bets

o the best system bets from David Solar of Sports Insights

o the best and worst coaches in the tourney to bet on

o the top 10 public teams according to Jay Kornegay of the Westgate Las Vegas SuperBook

ATS pick: Lafayette +23*

Westgate line: Iowa St. But for the Aggies, it’s really all we have to go off considering they haven’t played anyone even remotely capable since beating UC Irvine at home in early January.

Westgate line: West Virginia -4.5

PickCenter consensus pick: 52 percent picked West Virginia

Wunderdog Sports:

Lange: Arguably the best attribute to have with a double-digit underdog in the NCAA tournament is high-caliber shooters, and on paper, Northeastern has just that. Since Butler left in 2011, the last three Big Dance participants from the Horizon lost by margins of 15, 11 and 20 in the first round.

With so few past system picks on the third tier of this system, it’s no surprise that there are no current game matches for the opening-round games. 5 Utah Utes vs. Hammons. They also scored a favorable venue with Omaha and a short four-hour drive north from their campus.

Wunderdog: You know what you’re going to get out of Oklahoma. Villanova obviously has the talent edge, but it’s not a size mismatch like we usually see with 1-16 matchups. 5 Northern Iowa Panthers vs. No. 4 seed, though it’s a moot point since they’re on a collision course with Louisville regardless).

To be added after the BYU-Mississippi “First Four” game on Tuesday in Dayton, Ohio.

Selvaggio: Utah (75-1 at CG Technology; 60-1 at Westgate)

The first would be that instead of betting the fixed-odd futures to win the title, bet the money line in the first game your team plays and roll over your winnings through all six games. If anyone asks if I think my dog has a chance to win outright, I’m going to say, “Of course!” On most of my plays, I’ll add a little something on the money line. Gonzaga

8. Sure, the Super Bowl may take a larger handle than any individual game, but the cumulative number of bets taken during March Madness dwarfs even the mighty beast known as the NFL playoffs.

ATS pick: Louisville -9

The 10 teams, according to Kornegay, lead bookmaker at the Westgate Las Vegas SuperBook, and his staff, that are the most popular teams to wager on as the tourney begins.

Tuley: This line has risen from 4.5 to 5.5 since wagering opened Sunday night, which isn’t too surprising as everyone knows how MSU coach Tom Izzo gets his teams to improve as the season progresses (and we all saw how the Spartans took Wisconsin to OT in the Big Ten title game). 14 UAB Blazers

ATS pick: Baylor -7

. -1.5

PickCenter consensus pick: 65 percent picked San Diego St. Everyone is buying into the hype of the nation’s leading scorer, Tyler Harvey (22.9 PPG), and that the Eagles get to play in their home state while Georgetown has to travel all the way across the country from the “other” Washington. The Terps aren’t built to win by big margins, but this price appears cheap. However, I think what gives Belmont a chance to at least cover is that Virginia’s leading scorer,  Justin Anderson, is coming back slowly from a broken finger and an appendectomy. No. At the time of publication, OSU was receiving just 24 percent of spread bets.

Lange: It’s the time of year when identifying the better defensive team in a short-lined game puts you in solid position to cash tickets. Iowa has a big size advantage, but unless Davidson goes stone cold, I don’t see the Hawkeyes being able to use that enough (at 2 points at a time) to keep up with the Wildcats.

Below are the ATS records for every NCAA tournament team this season, along with each team’s SU record and average margin of cover.

No. In nonconference play, a number of NMSU’s games were in the high 60s to low 70s, possession-wise. Kansas is at its best in transition, and I would expect it to push the pace and pull New Mexico State along.

ATS pick: Georgia +4.5*

ATS pick: Cincinnati -1

East Regional

No. I say they caught a break by facing super-soft Indiana and a likely date against a reeling Kansas squad in the second round. 4 Maryland Terrapins vs. Oftentimes, those “snubbed” teams go on to lose right away in the NIT and the “overseeded” teams live up to their billing, while “underseeded” teams put in disappointing showings. 12 seeds against No. The team was 1-3 SU and 2-2 ATS in their absence.

No. Purdue

Notre Dame minus-12 vs. However, the one thing in Butler’s favor is its ability to win the battle on the boards. SDSU’s inside game and stubborn defense (the Aztecs allow just 53.1 points per game, ranked second in the nation) should get the job done.

Westgate line: Oklahoma -12

PickCenter consensus pick: 56 percent picked Oklahoma


Westgate line: Kentucky -TBD

PickCenter consensus pick: TBD

Lange: From a betting perspective, the Terrapins went from underrated heading into Big Ten play (4-2 ATS start) to overrated after sweeping Michigan State (which went on a 1-8 ATS slide), and then back to underrated following six straight covers heading into the Big Dance. -2

PickCenter consensus pick: 58 percent picked Ohio St. As much as I and most bettors despise Rick Barnes, it’s important to recognize that the Longhorns have the better personnel in this matchup. 11 Texas Longhorns

This is a high total — the third highest on the board in the opening round. The WAC was one of the slowest conferences in the country, with the “fastest” team averaging 61.6 possessions per game in league play. Iowa State

5. -12

Mark Few has had a lot of great players and teams at Gonzaga, but this may be his best. 6 SMU Mustangs vs. Tyler Kalinoski was the Atlantic 10 Player of the Year, but he’s far from the lone gunman as Davidson averages more than 10 3-pointers made (hitting at better than 40 percent from long range) and more than 80 points per game. 2 Arizona Wildcats vs. WVU’s Juwan Staten (knee) and Gary Browne (ankle) are still nursing injuries, but expected to play. Michigan St. The Cowboys lost their previous game against Oklahoma and opened as a 1-point favorite against Oregon. No. We all know the Harvard kids are smart, but Crimson have also won opening-round games each of the past two years. And I like the public dog, too. minus-6 vs. No. Big 12 opponents. No. 14 Albany Great Danes

ATS pick: Davidson +2*

With more than 9.2 quintillion possible NCAA tournament brackets, it’s easy to feel overwhelmed. The Bulldogs obviously missed him on both ends of the floor, and it probably kept them from winning that game and finishing second in the league tourney to Kentucky. Against the spread, I’ll stick with a recommendation on the Lumberjacks plus the points, but I’m not sure I’ll play it myself, so I can’t make it a best bet.

Westgate line: Cincy -1

PickCenter consensus pick: 61 percent picked Cincinnati

ATS pick: Oklahoma St. To eliminate these teams, we focused solely on teams that won their previous game. For short-priced dogs, I might just bet only the money line with Davidson plus-120 over Iowa, VCU plus-145 over Ohio State or UCLA plus-150 over SMU, as I’m basically picking them because I believe they will win.

1. 5 (and for good reason), but I think the oddsmakers had this right when they opened Northern Iowa as a 7.5-point favorite. No. This addition leads to a 12-2 ATS record with +9.45 units won and a 67.5 percent ROI.

One reason for this phenomenon may be that bettors are used to taking upsets in their brackets, making them more likely to gravitate toward the underdog. Albany

NC State minus-1 vs. 8 Oregon Ducks vs. The state of college basketball — slower, and lower scoring — makes it so “superior” teams aren’t always asked to cover big numbers. That worked out well for me, but this year I’m hoping to be able to back Iowa State on a deeper run with Georges Niang & Co. 16 Coastal Carolina Chanticleers

To summarize our handicappers’ best bets (lines are from the Westgate SuperBook as of Tuesday morning):

Westgate line: Arkansas -6.5

PickCenter consensus pick: 58 percent picked Wofford

Westgate line: Virginia -16

PickCenter consensus pick: 58 percent picked Belmont

More money hits the market during the NCAA tournament than any other time in the sports betting calendar. Texas Southern comes in with 11 straight wins and covered the first two games in the SWAC tourney before winning but failing to cover in the title game, though that was a weird case (their opponent, Southern, was put on probation so the Tigers were going to be going dancing regardless of the outcome). 10 Georgia Bulldogs

Least profitable tournament coaches since 2005

Westgate line: North Carolina -8.5

PickCenter consensus pick: 68 percent picked North Carolina

ATS pick: Wisconsin -18*

Teams I would consider: Iowa State at 9-2 to win the South and Baylor at 10-1 to win the West.

Fading the trendy underdog

No. Georgia was on the bubble and secured its spot in the field by beating South Carolina in the SEC tournament, then sat second-leading scorer Kenny Gaines in the next game against Arkansas. 6 seed instead of a No

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Research and Markets: Research Report – Global Online Gambling & Betting Market 2014


Australia, which leads the world in terms of per person gambling, online

sports betting and gambling has been growing by over 30% annually, while

the growth of the total gambling market does not exceed 5%.

Regional variations in legislation and acceptance of online gambling and


Product Information:

- The author’s international employees research and filter all sources

and translate relevant information into English. For example, a quarter of poker

players chose to bet on unregulated networks.

- William Hill Online

In North America, online gambling was legalized in three US states by

early 2014, with online gambling revenues surging to millions in the

first months of legal operation.

Europe has been a leader in adopting regulation regarding online

gambling, but as the activity spreads, new measures are being enacted.


Research and Markets is the world’s leading source for international

market research reports and market data. The global online gambling market has a current value

estimated at a medium double digit number in billions of Euros, with

growth expected between +7 and 10% annually in the next few years.

- Paddy Power

In the largest Latin American market, Brazil, gambling and betting is

forbidden except for horse racing. In North America and major Asian

countries online real-money games are yet awaiting progress in

regulation. As a result companies get a precise and unbiased impression of the

market situation.

The spread of online betting and gambling is forcing governments to act

to regulate. In

South Africa, online gambling awaits legalization in 2014.

Companies Mentioned

Online gambling and betting is spreading in the Asia-Pacific region. Progress in online betting regulation in Germany is

expected in 2014, as several operators have applied for the first online

sports betting licenses.

- These market reports inform top managers about recent market trends

and assist with strategic company decisions

- Bwin.Party

The regulatory landscape on online gambling and betting is varied. The first

regulated online gambling website in Kenya was launched in 2013. This ensures that the

content of the original studies is correctly interpreted.

- PokerStars

- Betfair Group

About Research and Markets

- The authors provide secondary market research: By using various

sources of information they ensure maximum objectivity for all obtained

data. We provide you with the latest

data on international and regional markets, key industries, the top

companies, new products and the latest trends.

- The analyses, statistical reports and forecasts are only based on

reliable sources including national and international statistical

offices, industry and trade associations, business reports, business and

company databases, journals, company registries and news portals.

- Ladbrokes

Trends in online gambling and betting.

Italy has one of the most advanced regulatory arrangements regarding

online gambling in Europe.

The authors observe: while land-based lottery and casinos still dominate

the gambling scene, online real-money gambling and betting are growing


Regulation of online gambling and betting in Germany and Russia lag some

of their neighbours. However, offshore gambling websites

are popular among Brazilian gamblers, who spend several hundreds of EUR

million annually on offshore sports betting sites.

DUBLIN–(BUSINESS WIRE)–Research and Markets (http://www.researchandmarkets.com/research/pwjr2j/global_online)

has announced the addition of the “Global

Online Gambling & Betting Market 2014″ report to their


Global Online Gambling and Betting Market 2014 depicts the latest trends

and developments in the field. In the USA, online gambling is legal only in three states

and in many Asian countries gambling and betting is allowed only in

casino resorts.

For more information visit http://www.researchandmarkets.com/research/pwjr2j/global_online

In France, online gambling and betting has been legal since 2010, but

many gamblers turn to illegal sites. Mobile gambling is expected to grow at double-digit

rates and to reach over 40% of the total online gambling market by 2018,

as the number of mobile gambling users increases by a hundred million.

Online gambling is only starting to emerge in Africa. The

majority of Western European countries have some laws in place to

channel online gambling and betting. Among the findings of the reports

researchers is that the online gambling and betting segment is

increasing, enhanced by the spread of smartphones and tablet computers. Total online gambling revenue in Italy

recently reached a high number in hundreds of millions of Euros, with

poker constituting the largest segment.

- 888 Holdings

The leading online gambling and betting companies worldwide include

PokerStars, Bwin.Party, William Hill Online, each of which annually

generate online revenues of over EUR 0.5 billion.

The major trends in online gambling and betting globally are mobile and

social gambling

Sports :: Basketballs | ArticleBiz.com

Size and weight are also important factors while choosing a basketball. But for playing outdoors on rough surfaces, rubber basketballs are the best. The core is made of rubber or sponge, or a mix of both.

Leather basketballs are suitable only for indoor play.

It is important to remember that one brand cannot fulfill all the above criteria and one has to choose from the many varieties available in the market. This is ensured by even pebbling and wide channels on the surface of the ball. Apart from these materials, basketballs for recreational games or children’s matches are made of materials as varied as plastic and foam. If used outdoors, they tend to crack easily. The outer shell maybe made of leather, composite leather, synthetic leather, or rubber. .

There are other factors to be kept in mind while selecting a basketball. The third most important factor is durability- does the basketball retain it’s bounce after regular use or goes flat after a few weeks play?

Then there is the question of price- it is important to remember that expensive brands may not always give value for money. If you choose expensive basketballs with snazzy designs, they may not be able to last the rigors of outdoor play. The basketball as we know it came about in 1934, with the official size 7, or 30″, being decided as the standard basketball size for men. Each type of basketball has its own advantages and disadvantages.

Basketballs were first manufactured around 1894 by Albert G Spalding. Basketballs have three parts, the outer shell, the inner core, and the innermost bladder. Does it afford a good grip? The Wilson Evolution series, for example, have a Dura fiber cover which helps the fingers grip the ball tightly.

Also, the bounce of the basketball must be smooth. The smaller women’s size was officially recognized much later. Composite leather basketballs, on the other hand, are good for both indoor and outdoors play. Almost all basketball retailers offer the NBA prescribed size chart that you can consult before purchasing a basketball. The bladder is generally made of butyl rubber

Sports betting vs. the stock market: Which is riskier?

They both believe they can predict the future, and they sometimes fall into the trap of making decisions with their hearts instead of their brains.

However, someone sinking $500 into Apple stock has little risk of losing that entire initial investment, especially in the short term.

“You can hold onto your betting tickets all your life, but you’re not going to get squat,” said Stovall.

Such hedging tools are not as readily or even feasible to sports gamblers, Fine said. And of course, they both hate to lose.

CNNMoney (New York) First published August 31, 2014: 8:14 AM ET


That’s the percentage of time that Stovall’s research shows the S&P 500 — the gold standard in the stock market — has increased in value during the years since 1926. Heck, even his commercials are funny.

Related: 4 reasons September could be good for stocks

The betting appeal: Americans bet an estimated $380 billion each year on sports.

In the long run, investors have the chance to make more money because there are fewer downside risks.

A stock can theoretically be held onto for an infinite amount of time, but a sports bet can end in the blink of an eye. People often invest in funds that buy dozens or even hundreds of stocks, which helps reduce the risk.

Related: Apple and 9 other stocks hit new records

Investors also have the ability to spread their money out among many stocks.

But take it from one person who has lots of experience in both worlds. For example, a stop-loss order instructs a broker to dump a stock when it tumbles below a specific price.

Manning is really, really good at what he does for a living.

The same can’t be said for those who bet big on the Denver Broncos last Super Bowl.


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But don’t let those similarities fool you. A bettor gambling on the Green Bay Packers will instantly lose his or her entire $500 bet if Aaron Rodgers and his teammates fail to win or cover the spread.

“A lot of people regard investing as gambling, but I frequently say no.

To put it another way, the stock market is a lot more forgiving than the MGM Grand (let alone your local sports bookie).

Those are pretty good odds. He asked for his identity to be withheld due to legal concerns. The stock might go up and down some, but it typically doesn’t go to zero.

“You’re making a wager based on some facts and some intuitions. Which casino in Atlantic City, Las Vegas or Macau pays the bettor 73% of the time?” said Sam Stovall, chief investment strategist at S&P Capital IQ.

All or nothing: Gambling on sports tends to be a zero-sum game.

And investors have greater access to tools that can minimize the risk of losing money. While many stocks offer steady returns, investors sometimes hit the jackpot (think: buying Apple back in early 2009 or Tesla in 2012). It’s easy to see why fans may be tempted to gamble on their favorite teams and athletes. Gambling on sports may be more fun, but it’s definitely a more risky use of money than putting it in the stock market.

Related: How $2 billion Clippers bet could pay off

Gamblers and investors also have far different time horizons.

Even the unlucky investors who jumped into the market at its peak in October 2007 eventually made their money back when stocks reclaimed their pre-recession levels in 2013.

“A large, steady company has a low chance of plummeting and causing you to lose all your money, but even Peyton Manning doesn’t cover the spread sometimes,” he said.

“Betting is more difficult and riskier,” said one resident of Hoboken, New Jersey, who bets on illegal gambling sites and also invests in stocks.

At the same time, investing in stocks actually carries higher upside potential. Gambling on football star Peyton Manning to win might seem like a safe bet, especially compared with picking winners in the stock market. And in neither instance can you be guaranteed to be correct,” said Randall Fine, managing director of The Fine Point Group, one of the casino industry’s largest consulting firms

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NJ lawmakers OK sports betting; Fed fight ahead

Racing industry executives blame the uncertainty surrounding their sport in New Jersey, including ongoing efforts to find a private operator for Monmouth Park, and the end of annual casino subsidies to the tracks.

Channeling his inner Rex Ryan, the prediction-prone coach of the New York Jets, Lesniak said, “I guarantee a victory in the federal courts for New Jersey to be able to enjoy the same benefits from sports betting Congress has given to Nevada.”

“These votes, by both houses of the legislature and the voters of New Jersey, mark the beginning of the end of the inequitable federal ban on sports betting,” said state Sen. Raymond Lesniak, a northern New Jersey Democrat who has been the measure’s strongest proponent. They will be able to go to an Atlantic City casino, Monmouth Racetrack or The Meadowlands.”

They also passed laws allowing horse racing fans to place bets at bars and restaurants, and pressured businesses planning to build off-track betting parlors to get it done within a year or get out of the business.

The Atlantic City casinos welcomed passage of the bill, saying it would help them compete with gambling houses in neighboring states, and offer one more attraction to customers who now have more gambling options than ever before.

But that was the easy part.

Lesniak had to drop a provision that would have let residents bet from their home computers or cellphones in order to improve the odds that Christie will sign the bill. “This time next year our residents won’t have to fly to Las Vegas or visit their local bookie to bet on the Giants, Jets or Eagles to win the Super Bowl. – Twenty years after missing a deadline to let its residents bet on professional or collegiate sporting events, New Jersey legislators passed a law Monday night that would make it legal.

. Bets could not be placed on games involving New Jersey collegiate teams.

Lesniak, who sued the federal government in an effort to overturn the ban, only to see his lawsuit dismissed, predicted the state will have better luck in court, particularly given that New Jersey residents indicated by a 2-to-1 margin in a non-binding referendum in last November’s election that they favor legalized sports betting.

The legislature also passed a law Monday requiring holders of permits to build off-track betting parlors who have not yet built them to do so within a year, or forfeit a $1 million bond and lose the right to build such a facility. The Republican governor endorsed the referendum before the vote was held.

“Let’s face it — sports gaming is already taking place, but the only people taking advantage of it are the bookies and criminal enterprises,” said Assemblyman John Burzichelli, a southern New Jersey Democrat.

The legislature also approved a measure allowing horse racing fans to place bets from in to 12 bars or restaurants in northern and central New Jersey.

Sports betting proponents want to help the state’s struggling casinos and horse racing tracks, where bets would be taken, and provide a new source of tax revenue from a huge pool of money flowing untaxed to illegal bookmakers often allied with organized crime, or to unlicensed offshore Internet sites.

New Jersey missed a 1991 federal deadline to legalize sports betting, and was left out of the 1992 law that allowed it in Nevada, Delaware, Oregon and Montana. Chris Christie has signed the measure, as is expected, the state faces an uphill battle in federal court to try to overturn a law banning sports betting in all but four states.

“If and when the federal ban is overturned, this law would permit casinos to accept wagers on sporting events, adding another amenity to enhance our ability to compete and grow as a destination resort,” the Casino Association of New Jersey said in a statement released Monday. Once Gov. “Legalized sports betting would provide an economic boost for Atlantic City and the entire state of New Jersey, as it would attract more tourists to our city and its world-class entertainment, thriving restaurants, brand-name retail shopping and world-famous Boardwalk.”

TRENTON, N.J. Nevada is the only state taking legal bets on individual games.

The state Senate and Assembly adopted a bill that would let New Jerseyans place bets at the 11 Atlantic City casinos and the state’s four horse racing tracks on football, baseball, basketball and other professional or college sports games.

New Jersey has authorized 15 off-track betting locations, but only three have been built

The 7 Deadly Sins of Gambling Addiction

With gambling disorder, lust is not intimate in nature; it’s a thirst for power.

When a gambler spends more than is allowed, they also fall victim to this deadly sin.

Gradually your approach becomes more subdued, and that’s when you begin to lose control of yourself and your actions.

They spiral out of control because their actions create deeper losses that scream of desperation.

At this point the money is almost gone. Crimes like fraud are common during the latter stages of the disorder with the worst cases leading to homelessness or prison.

They have an inordinate desire to gain a lot of cash, wealth, and luxury despite precedence that says it’s unlikely for them to do so. A few drinks is okay, but once someone exceeds a certain amount, they slip into gluttony.

Sloth is what people would call laziness, but it’s much more than that. To addicts it’s the feeling of carelessness, tapping out emotionally, and the wasting away of their life.

Seeing other people’s successes breeds an intense feeling of envy because you want what they have and will do what it takes to have it.

Despite several losses, their mind lights up with every win due to strong psychological reaction that’s present as is with most addictions.

Greed along with gluttony represent the middle stages of gambling disorder. The rough ride through addiction is very clear and each sin serves as a pit stop.

Surprisingly wrath is the first stage of the disorder because you still have a strong reactionary response to the situation.

Are You a Gambling Addict?

A gambling addiction or disorder is when an individual has lost the willpower to control their gambling behavior.

Sneaky behavior regarding your gambling habits

Desperation to recoup your losses

Stealing or borrowing money from others (also fraud)

Betting higher amounts after each loss

Regarding gambling, wrath comes from every loss a person has on the slots, blackjack, the races, and more. Mind you the struggles of gambling locales goes beyond the games themselves (location, violence, loss of income).

We’ve sadly seen or heard the stories of the drunken mother/father beating and berating their spouse or child.

In the beginning stages of gambling disorder, the loses are low but gradually begin to climb until the person loses everything including cars and/or their home.

Deadly Sin: Sloth

The last sin and the final stage in gambling disorder is sloth.

It’s an extremely sad and unpleasant chapter that could have been prevented. It’s often correlated with things like prostitution that’s also outlawed in numerous countries.

As the individual falls deeper, they begin to care less and less about what they’re losing and no longer care about their actions.

Deadly Sin: Lust

One may wonder how lust and gambling go together, but there’s a potent connection.

The answer is easy…

The lust for power and control becomes so much that the person will throw all sense out the window and only think about regaining everything they’ve lost.

That small gain will trigger an emotional response where the idea of winning something bigger stirs your internals.

The grandiose of fictional wealth is also thrown into the mix, which leads towards the next deadly sin and eventual downfall.. Each loss feels like someone is stabbing them resulting in a painful and angry reaction.

It must be stopped otherwise you’ll go through each of the seven deadly sins and arrive at nothing but a wasted life.

However this thirst reaches the point where the victim shows signs of common addictive symptoms including:

Unlike being prideful due to positive accomplishments, here pride is misguided/fleeting and bolstered by an occasional win. This sin will gradually lead to their downfall because after a while the losses will pile up without any means of control.

The best example I could think of is one of the last scenes from Requiem for a Dream where a few of the addicts end up in prison after they’ve been caught due to illegal activities.

Discover how gambling disorder progresses into and through the stages of wrath, pride, greed, gluttony, lust, envy, and sloth.

However this isn’t a scenic drive towards your ideal destination, this is a ride into a bottomless pit.

None of the losses matter anymore, and even the occasional win fails to excite their emotional state.

Deadly Sin: Envy

You might think envy would be one of the first sins you’d encounter throughout the disorder’s progression, but it’s actually one of the last ones you’ll see.

Why do people gamble in the first place?

You may even feel hatred towards people because they’ve been able to succeed where you failed.

Those internal monologues makes you feel stronger and accomplished but because the gain is fleeting, it creates a false sense of self-worth.

Satisfaction of a small gain

Inner monologue of something greater

False sense of self-worth

They are lusting for something that has eluded them (money and wealth).


This could be seen as the point of no return because if the person suffering is not stopped or controlled, then they could lose everything and end up on the streets or in jail.

Deadly Sin: Gluttony

Once the charm and glamour of gambling fades, the person dives into the sad and uncomfortable state of the disorder.

Atlantic City, NJ Closes Due to “Financial Circumstances”

The only psychological stimulant to them is an occasional win, which is no longer supported by thoughts of greed.

In today’s economy casino cities like Atlantic City, New Jersey are struggling, so somebody has to take the fall. Once a person enters the greedy stage, they begin to forego logic and focus on the illogical odds.

Pride begins the unraveling process that’s generated in three different psychological ways:

Eating extra every now and then is okay, but constant overindulgence indicates a significant problem.

Going back to the movie “Requiem for a Dream”, it’s that scene where all of the addicts are lying in a fetal position after their hopes and dreams have been shattered. The gambling and casino industry welcomes this impulsive behavior with open arms.

You feel worthy during a gambling surplus, but chances are that surplus will disintegrate before your eyes turning thoughts of self-worth and happiness into an endless chase.

When your losses pile up and you begin to dive into greater financial debt, you’ll look towards other people who have had luck and success when they gambled.

A win is akin to a shot of vodka or an ingestion of a drug because of the intense euphoria generated.

Deadly Sin: Pride

Each win is a strong hubris to the mind, and it’s an early phase of gambling disorder.

Gluttony is another word for excess, and it’s a very appropriate sin pertaining to addictive behaviors where excess means everything. They may have lost their car, home, or other amenities, and they don’t care anymore. Some of those people end up on the streets or in jail while others look like gambling zombies.

Deadly Sin: Wrath

Wrath or anger is the most powerful emotion one can feel, but what’s its role in addiction?

This is the complete opposite of winning an Olympic gold medal because the success of earning a medal will always be there, and that accomplishment can’t be taken away whereas monetary gain can.

When it comes to drugs and alcohol, wrath shows itself as a side effect to the ingestion of these harmful products.

This is similar to lust where there’s an obsession and a thirst, except this time it’s directly related towards others.

In fact I’d probably group lust and envy together because those sins have a lot in common. For example, a few wins on the slot machine create a mental satisfaction despite the small gain.

From some gambling is seen as the eight deadliest sin because of how it weaves elements of the other seven into the longer it continues.

Deadly Sin: Greed

Considering gambling is associated with money, it’s appropriate for greed to play a massive role throughout the process

This hatred only fuels addiction further, and the actions you partake in may include illegal activities. For a gambling addict the endings are often similar.

You may not think of gambling as a deadly sin, but several religious groups and countries outlaw it because of its immorality and impure behavior that comes from it