Daily Archives: November 28, 2021

Photo by: STRF/STAR MAX/IPx 2021 3/18/21 Draftkings plans for $1 billion in convertible debt ... [+] offering. STAR MAX Photo: Draftkings posters photographed at the Hoboken train station in Hoboken, New Jersey.

Disney/ESPN, Caesars, Fox, DraftKings, FanDuel, State Governments and their Lotteries are all getting into this space.Since a Supreme Court decision in 2018 (Murphy v. NCAA) striking down a federal ban on sports betting, half of US states have legalized sports wagers.

No surprise that Nevada comes in as the leader in gambling revenue, followed by New Jersey, Pennsylvania and Illinois.All told there were $35 billion placed on US sports bets in 2020, generating $1 billion in revenue to sportsbooks, and those numbers are estimated to grow six fold in the next three years.

Given these facts, the ensuring battle over these dollars has become a land grab, including in New York and Connecticut where significant entry is about to come into the fold.The question becomes, what are the key competitive attributes that will determine who come to be the leaders in these markets.

Access to Consumers/ First Mover Advantage

Before sports betting on games themselves was legalized, online fantasy sports was the testing ground for decades, with DraftKings and FanDuel being the leaders.These companies amassed databases of a million plus individuals willing to place money on sports outcomes, and that likely contribute to the fact they are now also the leaders in the sports betting space with roughly 80% of the market.

DraftKings and FanDuel also have a head start in assessing consumer patterns in each state, including many regulations that are state specific.Both companies are funded by public companies, and have the resources to navigate an ever changing landscape.

League Endorsements

Sportsbook operators are competing to be named the official gaming partner of the various sports leagues. This official status not only legitimizes the company, but also provides distinct marketing and operating advantages. Official gaming partners acquire IP and data rights, granting them the ability to use the leagues logos, as well as its team trademarks and colors.

The NBA named FanDuel and DraftKings its official sports betting partners, while also signing a three-year, $25 million deal with MGM to make it the leagues exclusive official retail partner. Similarly, the MLB continued its investment in DraftKings, naming it a co-exclusive official sports betting partner along with BetMGM.

Even if not named an exclusive retail partner, others are competing to become one of several authorized sports betting partners with leagues; in August, PointsBet and WynnBET, along with BetMGM, were able to secure this designation with the NFL.

Partnerships

The battle to secure valuable partnerships extends well beyond the sports leagues themselves. Sportsbooks could gain a significant competitive advantage by striking a deal with any sports team or sports adjacent company.

For instance, sportsbooks have already struck deals with broadcast and cable networks, as CBS named William Hill its official sportsbook sponsor. Similarly, NBCUniversal owns a 5% stake in PointsBet, estimated at $500 million, while Fox Sports invested $236 million in its own branded sportsbook, FoxBet.

The utility of partnerships in the mad scramble may be best evidenced in New York, which will soon come into the sports gambling fold. Both Caesars and BetMGM have been named an official sports betting partner of Madison Square Garden, the New York Knicks and the New York Rangers, providing the companies with the opportunity to directly market to fans in-arena, via social media, and on broadcasts. Caesars has proven especially creative, securing a partnership with the Manning family including former New York Giants quarterback Eli Manning.

This trend also bodes well for powerhouse companies such as Disney and ESPN, who seek to enter into the sports gambling space. As Disneys CEO said, given our reach and scale, we have the potential to partner with third-parties in the sports gambling space in a very meaningful way. ESPN already partnered with Caesars to open a studio facility for sports gambling programming in Las Vegas; ESPN is also reportedly eyeing a $3 billion sports gambling partnership with Caesars and DraftKings.

Strategic partnerships have also proven useful in securing government approval in certain states. In New York, sportsbooks allied together into a consortium in order to present a more attractive bid for regulatory approval.

Further, to secure a license to operate in New York, the two winning consortiums partnered with the tribal nations that run casinos. Those tribal nations feared intrusion on their longstanding deal with the state, which granted them exclusive gambling rights in their region. The FanDuel-led consortium partnered with Seneca Nation, while the Caesars-led consortium partnered with the Oneidas and Saint Regis Mohawk Tribe.

Brand Perception / Marketing

As sportsbooks offer largely comparable products, marketing has emerged as a critical area of differentiation between competitors. There are no national advertising standards for sports gambling or federal agencies in charge of monitoring sports gambling, rather marketing regulations are left to the individual gaming commissions in each state. Thus, existing players have the advantage as they have the background and resources to navigate the patchwork of complex marketing regulations which vary from state to state.

While all operating under the same rules, Sportsbooks also will determine the type of brand image they will portray. If advertising is perceived as aggressive or even predatory, that will provide an interesting dynamic especially as new regulations are applied.

Wager Innovation

Every sportsbook offers bets on who will win a certain game, but not every sportsbook offers bets on whether a specific player will make their next two free throws. The Super Bowl best exemplifies how varied the offerings can be, as sportsbooks may offer bets on the length of the National Anthem, or whether the coin toss will be heads or tails.

Sportsbooks are trying to carve out their niche, exploiting the limited areas of differentiation as best they can. For instance, DraftKings has a betting carousel, displaying a series of bets the company finds most relevant based on your preferences. FanDuel offers easy navigation and frequent promotions.

Up and coming sportsbooks are faced with an uphill battle in the quest for differentiation, as start-up costs are steep and the ever escalating promotional arms race necessitates rising customer acquisition costs. Rising start-up Vigtory demonstrates the double edged sword of successful differentiation, as they have risen from the pack in the public consciousness by offering to take a substantially lower vig, or the cut the house takes on a bet. Yet critics have called this tactic a race to the bottom, as smaller companies will go broke trying to loss lead with small margins.

Regulatory Approval

Perhaps the most critical factor in achieving market success is securing government approval, and the terms one accepts to do so. This procedural hurdle is different in every state, and ill-prepared companies risk being completely shut out of a particular market. To gain approval, larger sportsbooks may need to make significant concessions, and smaller sportsbooks may need to highlight areas of differentiation just to get their foot in the door.

In Connecticut, sportsbooks must contend with the Connecticut Lottery Corp., which dominates the retail market. This quasi-public agency was authorized to operate as many as 15 retail sportsbook locations, largely because it was willing to agree to no-compete zones within 25 miles of a Mohegan or Mashantucket reservation. As this compromise started the process of negotiations with the Mohegans, Mashantuckets and Governor Ned Lamont, it was a comparatively small price to pay.

Rob Simmelkjaer, Chairman of the Board of the Directors of the Connecticut Lottery Corp., stated that underrepresented groups, including women-owned and minority-owned businesses, will have the advantage. While this may be a factor in Connecticut, at the very least, it likely varies state by state; critics of New Yorks approval system note that the process did not sufficiently account for whether operators promoted racial, ethnic and gender diversity.

BallyBet Sportsbook NY gained regulatory approval even though its apps first state launch was in only May 2021. This may be partially attributed to BallyBets unique social element, which allows bettors to follow their friends and generates a feed of their friends bets and betting statistics. BallyBet also stands out for its intuitive and easily digestible interface, allowing the company to nip at the heels of long standing leaders like MGM.

The approval process in some states, such as New Jersey, has been a relative free-for-all, where sportsbooks have had a far easier time gaining government sponsorship. There are nearly a dozen licensed operators in New Jersey, partnered with nearly two dozen online sites authorized to take bets.

New Jerseys comparatively laissez-faire attitude towards sports gambling demonstrates the interstate competition for gambling profits, as an estimated 20% of the sports betting action in New Jersey comes from New Yorkers crossing the state border. Time will tell if certain States regulatory schemes will have an impact on their neighbors.

So Who Wins?

At this point with the market still exploding, each company that earns its niche for a group of consumers should earn enough profit to claim victory.Once those players become well-entrenched over the coming years, a question will be whether the market can expand further or adapt to changing preferences.

In the end, in a market where the chief competitor is a bookie accepting unregulated bets (not subject to many of the factors above), the official entities who are able to capture the largest share of those previously undisclosed bets should come out ahead of the pack.Each of the above factors plays a role in that competition, and a leader should emerge that excels on each of those metrics.

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Place Your Bet: Who Will Win The Competition For Sports Betting Dollars - Forbes

Its been a really busy week with the Thanksgiving holiday and all of the sports that have been on the betting board. Maybe there are some things that you havent considered for Saturday. I know that Ive been playing catch up a little bit over the last couple of days. Having a handle on everything isnt exactly realistic and thats especially true at this time of the year.

One thing Ive noticed for Saturday is that wind will be a factor in several games across the country. Wind isnt the sole reason to make a play on a side or total, but it is something that you want to factor into the equation, especially at this time of the year.

Here are a few games with windy conditions:

Texas Tech at Baylor - rainy and windy (gusts up to 20 mph); total has fallen from 52.5 to 51

Navy at Temple - sunny, but gusts up to 30 mph; total has fallen from 43.5 to 42.5 - obviously less likely to affect Navy (-13)

Houston at UConn - sunny, but gusts up to 30 mph; total has fallen from 58 to 54.5

Wake Forest at Boston College - sunny, but gusts up to 30 mph; total has fallen from 65 to 64 - would think this affects both teams; decent under play?

Maryland at Rutgers - sunny, but gusts up to 30 mph; total has actually gone up from 52 to 53 - think this affects Maryland a lot more

UTSA at North Texas - rainy and windy (gusts up to 25 mph); total has gone up from 59.5 to 60 - lean under in this one (UNT runs the ball a lot)

We wont have a lot of college football games with bad weather moving forward, as most conference championship games are in domes or warm-weather locales, but make sure you handicap the weather conditions for the NFL the rest of the way and also keep these in mind for future seasons. You can get some good line value paying early attention to the forecast or even grab some late value bets on game day.

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Burke: Last-minute CFB Saturday weather updates - VSiN Sports Betting News - News - VSiN

Los Angeles Chargers quarterback Justin Herbert (10) reacts after the team scores a touchdown during an NFL football game against the Pittsburgh Steelers Sunday, Nov. 21, 2021, in Inglewood, Calif. (AP Photo/Kyusung Gong)

The LA Chargers have gone from controlling their own destiny atop the AFC West, to just another team looking up at the Chiefs.

Justin Herbert and LA stormed out to a 4-1 start. Since then, the Chargers have gone 2-3 over their last five, squeaking wins out over the Eagles and Steelers.

In Denver, the Broncos got off to a 3-0 start, but followed it up with four-straight losses. Then after wins over Washington and Dallas, they fell to the Eagles in Week 10.

After their bye week, Denver now gets set to host the Chargers for the first time this season at 4:05 pm EST from Empower Field at Mile High.

Odds as of November 27th at DraftKings

The Chargers opened as road favorites by a full two points. Partway through the week that had worked its way up to 2.5. After opening up 4-1 against the spread, LA has not been kind to bettors lately, going 1-4 ATS. The total has gone over in three of those five.

NFL Public Money has not been kind to the Broncos, and with good reason. The Broncos are just 2-5 ATS, with their two outright victories accounting for the covers.

Coming off of a bye, the Broncos used it to get healthy, but theres one big injury concern on the back end.

Safety Kareem Jackson missed a handful of plays against the Eagles with a neck injury. Things started trending downwards this week when Jackson was a DNP all three days. Rookie Caden Sterns would step in for him.

For the Chargers, one of their injuries stands out. For the second time in a month, rookie CB Asante Samuel Jr will miss time with a concussion. Its also another injury that a banged-up secondary will have to deal with.

Some outlets have reported that this will be a lengthy absence for Samuel.

Divisional games are always tough to get a read on.

Regardless of the spread and the disparity in talent on the sidelines, things are tight more often than not. Denvers calling card for years has been their defense, and while they havent always limited the points against LA, theyve always given their offense a chance.

The Chargers have actually been favored in six-straight matchups between the two sides. If the Broncos are looking to put their recent slide ATS to rest, then maybe a divisional game with the Chargers is what theyre looking for.

Four of the last five between these two have been decided by one score, with Denver pulling off the upset and covering in three of them.

For the most part, the Chargers have been able to keep themselves within striking distance of their games.

Whether its the play of Justin Herbert or their defense, eight of LAs games have been decided by a touchdown or less.

LAs results really come down to how well Justin Herbert is playing and how well the other team can run.

Following losses to the Ravens and Patriots, Herbert admitted that the two teams did things he wasnt expecting. An unexpected speedbump for the sophomore.

When Herbert has his way with a team, the Chargers normally win. In just two starts against the Broncos, hes 1-1 with four touchdowns, two interceptions, and 531 yards. He actually had more yards passing (278) in his loss to Denver in 2020 than his win.

Things seem destined to be close between these two teams based on their past results. But Denvers consistency this season has been troubling.

Their 3-0 start came against the Giants, Jaguars and Jets. Then they beat Washington and, surprisingly, the Cowboys. A week after beating Dallas they lost to the Eagles at home, managing just 96 yards on the ground and 212 through the air.

With the volatility of their performances, its tough to trust the Broncos to cover. This could easily be a one-point or two-score game. But the Chargers have more talent and should be looking to string some wins together.

The Pick: LA Chargers (-140); 1 unit

NFL MLB NHL Sports Writer

Bryan has spent the last decade working in the sports industry. He can be found conducting sideline interviews for SKY Sports and gathering post-match reactions for BBC. The sportcaster's broadcasts stream on CBC Sports, Game TV, and Premier TV in the UK.

NFL MLB NHL

Bryan has spent the last decade working in the sports industry. He can be found conducting sideline interviews for SKY Sports and gathering post-match reactions for BBC. The sportcaster's broadcasts stream on CBC Sports, Game TV, and Premier TV in the UK.

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LA Chargers vs Denver Broncos Odds, Betting Lines, Picks, and Predictions - Sports Betting Dime

Nathan Beighle| Sportsbook Wire

The Golden State Warriors (17-2) travel to Staples Center Sunday to take on the Los Angeles Clippers (11-8). Tip-off is scheduled for 3:30 p.m. ET. Below, we look at the Warriors at Clippers odds and lines, and make our expert NBA picks, predictions and bets.

The Warriors are the second-hottest team in the NBA and the only team without at least three losses.

They've been on fire behind two-time MVP Stephen Curry. Draymond Green has also re-established himself as one of the best players in the Association.

It has really been the team's bench that has elevated their level of play. Golden State is 14-4-1 against the spread. They took down the Clippers 115-113 at the Chase Center earlier this season.

Paul George had 29 while Curry dropped 45. The Clippers have been solid this season behind their improved defense, led by Eric Bledsoe and George. They're 9-10 against the spread.

Odds provided by Tipico Sportsbook; access USA TODAY Sports' betting odds for a full list. Lines last updated at 10:00 a.m. ET.

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Warriors

Clippers

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Golden State Warriors at Los Angeles Clippers odds, picks and predictions - The Indianapolis Star

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The Tennessee Titans (8-3) attempt to maintain their status as the No. 1 seed in the AFC as they are on the road against the red-hot New England Patriots (7-4). Kickoff for this pivotal AFC game is at 1 p.m. ET at Gillette Stadium. Below, we look at the Titans vs. Patriots odds and lines, and make our best NFL picks, predictions and bets.

The Titans had a six-game winning streak snapped last weekend when they lost 22-13 to the Houston Texans. They held Houston to only 190 yards of offense but turned the ball over five times. QBRyan Tannehillthrew a career-high four interceptions.

The Patriots have won five in a row. They have allowed a total of 13 combined points in their last three games. Rookie QBMac Joneshas been solid. Jones has completed 70.2% of his passes for 2,540 yards, 14 touchdowns and eight interceptions.

Also see:All Week 12 odds and lines

Odds provided by Tipico Sportsbook; accessUSA TODAY Sports betting oddsfor a full list. Lines last updated Saturday at 1:36 p.m. ET.

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Titans

Patriots

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Patriots 20, Titans 17

The Titans have weathered a lot this season. They enter this week with a ton of injuries. However, the defense has stepped up over the last few weeks, allowing an average of 18.3 points in the last five games.

However, without both Brown and Julio Jones, who is on injured reserve, as well as being without Derrick Henry, who is also on IR, Tennessee will not be able to generate enough offense.

The Patriots, on the other hand, have been great defensively as well, having allowed a total of 13 points in three weeks.

Because of the line where it is, though, PASS on the money line.

The Titans failed to cover the spread in their last two games but are 7-4 ATS overall this season. They have not covered the spread in any of their three losses.

The Pats are also 7-4 ATS but they have covered the spread in their last five games. The Titans will keep this game close. Ultimately, the Pats will do too much but the Titans will cover.

Take the TITANS +6.5 (-103).

The Titans are allowing an average of 18.6 points per game over their last five games. The Patriots are allowing only 10 points per game over their last five.

That combined with the Titans best offensive players being out means a low-scoring game.

Take UNDER 43.5 (-112).

Also see:Bet Slippin Podcast: NFL Week 12 picks and predictions

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Tennessee Titans at New England Patriots odds, picks and prediction - USA TODAY Sportsbook Wire

Week 12 brings us a battle between two struggling teams. The New York Jets (2-8) are on the road to face the Houston Texans (2-8). Kickoff is at 1 p.m. ET at NRG Stadium. Below, we look at the Jets vs. Texans odds and lines, and make our best NFL picks, predictions and bets.

The Jets have lost their last three games. Their most recent loss was 24-17 to the Miami Dolphins in Week 11. QBJoe Flaccohad two touchdown passes and WR Elijah Moorehad a great game catching eight passes for 141 yards and a score.

The Texans snapped an eight-game losing streak with a 22-13 victory in Week 11 over the Tennessee Titans. They only had 190 yards of offense but forced five Tennessee turnovers. QBTyrod Taylorrushed for two touchdowns in the win.

Also see:All Week 12 odds and lines

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Jets

Texans

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Jets 27, Texans 25

This game is tough to predict. QBZach Wilsonreturns to the lineup for the Jets. But that wont matter if the defense continues to allow an average of 39.8 points per game as they have since their bye week.

The Texans, though, are only averaging 15.0 points per game as a team, which is dead last in the league. That said, I just dont think we can count on the Texans winning two games in a row.

Take the JETS (+115).

The Jets are a league-worst 2-8 ATS this season, while the Texans are a respectable 5-5 ATS. The Texans have not covered the spread in consecutive games since the first two weeks of the season. New Yorks only two games it covered the spread were its two victories.

Take the JETS +2.5 (-103).

The Jets had a run of six straight games hitting the Over that was snapped last week. The Texans are 4-6 O/U this season and only one of their last five has gone Over the projected total. With a couple of bad defenses going at it, it should mean points.

Take OVER 45.5 (-108).

Also see:Bet Slippin Podcast: NFL Week 12 picks and predictions

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New York Jets at Houston Texans odds, picks and prediction - USA TODAY Sportsbook Wire