Gambling and Sports Betting News Wire - December 4, 2019: Jambos Picks Under Fire
Here are today's headlines in the world of gambling and sports betting as they happen - Wednesday December 4, 2019.
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Jambos Picks Under Fire
Former Philadelphia Phillies pitcher, Michael Schwimer, tout service is not all that it’s cracked up to be.
The picks service is called JAMBOs picks and claims to have an advantage derived from proprietary data sets and superior algorithms.
They even offered a stunning $10K for those who failed to get in the black.
Among the criticisms of @JambosPicks - which has made "significant updates" recently- is the way in which the historical ROI of their packages are advertised.@LloydDanzig explains the tout service from @mschwimer, for which "guarantees" are on the linehttps://t.co/TSKlCqAvRZ
— Sports Handle (@sports_handle) December 4, 2019
In this article from Sports Handle we explore JAMBOS’ offering, its very misleading advertised metrics (accuracy, ROI, profitability), and consider the fate of the service. Given the scope and magnitude of JAMBOS’ early media reach, and the probability of an imminent collapse, what follows may create some negative impressions in a young and growing legal sports wagering market in the U.S. Hence the concerns, when JAMBOS and the purported guarantee first entered the stage. READ MORE
Case Dismissed Against Trio Allegedgly Trying to Cheat Casino Out of $500K
Foxwoods Resort Casino in Mashantucket, Connecticut, contends that a couple conspired with one of its former table game dealers to swindle more than $500,000 in illicit winnings on mini-baccarat in 2014.
But that case has now been dismissed more than five years after their arrests.
On Tuesday, New London Superior Court Judge Hillary Strackbein said Yan Wang, 40, Boheng Zhang, 36, and George Zhu, 47, had all met their accelerated rehabilitation pretrial conditions, and therefore their cases were dismissed.
Police contend that Wang and Zhang, a married couple from Bayside, New York, colluded with Zhu to help them win in mini-baccarat.
Source: Casino.org
Our Free Picks Record as of December 4
2019 NFL Record: 3-10 (0%)
2019 College Football Record: 4-2 (66.6%)
2019 MLB Record: 26-18-2 (59%) - No Plays Over -160
2018-19 College Basketball Record: 12-9 (57.1%)
2018-19 NBA Record: 7-5 (58%)
2018 MLB Record: 45-35 (56.2%)
2018 NBA Record: 12-4-1 (75%)
December 1, 2019
- Aaron Goldstein, Gambling911.com
