Gambling News

Oscar Upsets: What to Look for in 2014 – Latest Odds

Oscar upsets are not common but they do happen and, when this occurs, the payouts for gamblers could prove sweet.  Bet the Oscars here.

Submitted by Jordan Bach on, Mar/01/2014

Steve McQueen Oscar Odds for Best Director Would Pay Out Nearly $700

There is a bit of an interesting wagering option at this year’s Oscars in that “12 Years a Slave” is considered a big favorite to win for Best Picture yet its Director, Steve McQueen is a long shot to win Best Director at just shy of 7/1 odds.  Instead, the favorite to win Best Director is one Alfonso Cuaron for “Gravity”.

Submitted by Jordan Bach on, Mar/01/2014

Mt.Gox Bitcoin Exchange Files for Bankruptcy

(Reuters) - Mt. Gox, once the world's biggest bitcoin exchange, filed for bankruptcy protection in Japan on Friday, saying it may have lost nearly half a billion dollars worth of the virtual coins due to hacking into its faulty computer system.

The collapse caps a tumultuous few weeks in which the company has remained virtually silent after halting trades of the crypto-currency, shaking the nascent but burgeoning bitcoin community.

Submitted by Reuters on, Mar/01/2014

Oscar Payout Odds 2014: The Okay, The Bad and the Really Ugly

When it comes to Oscar payout odds, you won’t find any worse in any betting event and 2014 is no exception.  AceSportsbook.com has all your latest Oscar betting odds here.

Submitted by Jordan Bach on, Mar/01/2014

Sicilian Mafia Sent Hit Man to Knock Off Rudy Giuliani

The head of the Sicilian Mafia once sent a hit man to knock off then US Attorney Rudy Giuliani in the 1980s, the New York Post reported this week.

“Boss of bosses” Salvatore Riina targeted Giuliani because of his friendship with an anti-mafia judge in Sicily, Giovanni Falcone.

Submitted by Jagajeet Chiba on, Feb/28/2014

Odds to Win Best Supporting Actress – 2014 Oscars

Odds to win Best Supporting Actress at the 2014 Oscars had Jennifer Lawrence at EVEN odds and Lupita Nyongo at 1/2 odds.  This is the most competitive of the categories at this year’s Oscars with betting available at AceSportsbook.com here.

Lawrence is nominated for her role in “American Hustle” while newcomer Nyongo is nominated for her role in “12 Years a Slave”.

Submitted by Jordan Bach on, Feb/28/2014

Matthew McConaughey Odds of Winning an Oscar Sort of a ‘Lock’

When you have certain Academy Awards categories with a nominee favored at -2000 odds, -700 for Matthew McConaughey might not necessarily be considered a “lock” per se.  One would have to bet $70 to win $10 at WagerWeb.com (with the $70 refunded assuming McConaughey were to win). 

Submitted by Jordan Bach on, Feb/28/2014

Lindsey Graham Set to Introduce Bill Banning All Forms of Online Gambling

South Carolina Republican Senator Lindsey Graham is on the cusp of introducing a bill that would strengthen the Unlawful Internet Gaming Enforcement Act (UIGEA) of 2006 and fully ban all forms of online gambling including poker.

While UIGEA essentially does just that, the US Justice Department interpretation of the law opened the door for state-by-state legislation.  Graham wants no part of it.

Submitted by Ace King on, Feb/28/2014

Nevada Gaming Revenues Down in January

CARSON CITY, Nev. (Associated Press) — State officials say Nevada gambling revenue dropped almost three percent in January compared with the same time a year ago.

The Nevada Gaming Control Board released a report Friday on the $884 million in revenue that rolled in last month.

Las Vegas Strip winnings of just under half a billion dollars were down a little more than 1 percent last month. Downtown Las Vegas winnings of $43 million were down 3 percent.

Submitted by Associated Press on, Feb/28/2014

“Gravity” Best Picture Odds – 2014 Academy Awards

“Gravity” is not the favorite to win Best Picture at the 2014, but with odds of 4/1 there is still a shot here with a fairly significant payout potential in the world of Oscar betting.  

Submitted by Jordan Bach on, Feb/27/2014

Odds to Win Best Actress – 2014 Oscars

The odds to win the Best Actress at the 2014 Oscars had Cate Blanchett as a runaway lock of -2200 for her role in “Blue Jasmine”.  Basically it is impossible to place a bet on this category as the risk vs. reward makes zero sense.  The field had odds of +1200.

Submitted by Jordan Bach on, Feb/27/2014

Odds to Win Best Picture – 2014 Oscars: ’12 Years a Slave’ vs. Field

Odds to win the Best Picture for the 2014 Oscars had only two films offered up for betting at Bookmaker:  “12 Years a Slave” and the Field (which is all other films in the category).

It is becoming more clear that “12 Years a Slave” is likely to win this year’s Oscar.

Submitted by Jordan Bach on, Feb/27/2014

Sands Casino Bethlehem CEO Resigns Following Hacking

The CEO of Sands Casino Resort Bethlehem has resigned following a hacking that took down all Sands Las Vegas websites for nearly a week.

Robert DeSalvio, the President and CEO of the Sands establishment, is stepping down.  It was revealed last week that the hacking had gone through Bethlehem, Pennsylvania.  DeSalvio has insisted that his decision is unrelated to the hacking.

Submitted by Aaron Goldstein on, Feb/27/2014

Massachusetts Attorney General Does Not Want Online Gambling in State

Massachusetts Attorney General Martha Coakley on Thursday declared her opposition to legalized online gambling in the state.  She fears that legalization will result in credit cards being used to buy Lottery products.  State lotteries are exempt from current federal prohibition that bans most other forms of online gambling.

State Treasurer Steve Grossman is the co-sponsor of a bill (S. 101) that would permit real money online gambling in Massachusetts.  Both Coakley and Grossman are the leading Democratic candidates for the 2014 gubernatorial race.

Submitted by Gilbert Horowitz on, Feb/27/2014

March Sit & Go Leaderboard at Americas Cardroom Gets Added $10k

Its known industry-wide as Sit & Crush, but players might want to sit down for this. Just weeks after moving Sit & Crush to a weekly format, Americas Cardroom has announced that they're adding an additional $2,500 to each weekly leaderboard competition during the month of March. The top finisher set to take home an extra $1,000.

Submitted by Press Release on, Feb/27/2014

Odds to Win Best Actor – 2014 Oscars

Odds to win Best Actor at the 2014 Oscars had Matthew McConaughey as a pretty big favorite at -500 for his role in “Dallas Buyers Club”.  Still, by Oscars standards, -500 is not necessarily a lock. BetOnline.com has all your latest Oscar betting odds with minimum wagers starting at just $5.

Submitted by Jordan Bach on, Feb/27/2014

Infiniti Poker, The Bitcoin Room That Never Was, Vanishes

The wait is over…..really over.

Submitted by Ace King on, Feb/27/2014

Chan Pelton Stripped of WSOP Ring Following ‘Chip Theft’: Banned for Life

Poker player, Chan Pelton, has been stripped of his ring following an investigation by World Series of Poker organizers.  Pelton is also banned from all Caesars properties.

Submitted by Ace King on, Feb/27/2014

Former Cricket Player Lou Vincent Pleads Guilty as Part of ‘Bookie’ Scheme

(Reuters) - Former New Zealand batsman Lou Vincent has pleaded guilty to not reporting an approach by a bookmaker while playing in the Bangladesh Premier League (BPL) last year.

The 35-year-old Vincent is one of three former New Zealand cricketers under investigation by the International Cricket Council (ICC) for alleged match-fixing.

Vincent, who retired from all cricket last year, had failed to report the approach to the ICC while playing for the Khulna Royal Bengals in the domestic Twenty20 competition in January last year.

Submitted by Reuters on, Feb/27/2014

Man Sentenced to 15 Months in Jail for Running Online Sportsbook

A Stamford, Connecticut man was sentenced to 15 months in prison for his role in running an illegal online sportsbook that authorities claim had ties to organized crime.

U.S. Attorney Deirdre M. Daly announced Wednesday that Silverio Califano, 53, of Stamford, was sentenced Feb. 26 by U.S. District Judge Vanessa L. Bryant in Hartford followed by three years of supervised release.  He must also forfeit $40,000 and was fined another $4000.

Submitted by Gilbert Horowitz on, Feb/27/2014

Bingo Hall to be Converted to Hindu Temple in Allentown, Pennsylvania

Allentown, Pennsylvania’s third most populous city, will have a Hindu temple in the near future.

A former bingo hall near city airport is to be converted to a Hindu temple by International Swaminarayan Satsang Organisation (ISSO).

Reports suggest that this temple complex, which includes worship and meeting areas and priest’s quarter, is expected to be complete in 4-6 months and zoning approval has been obtained. Currently, area Hindu families drive around 90 minutes one way to reach another temple near Cherry Hill in New Jersey. Project leaders include Mike Patel.

Submitted by Press Release on, Feb/27/2014

NJ Authorizes Multi-State Slot Jackpots That Will Boost Winnings

ATLANTIC CITY (Associated Press) — New Jersey casino regulators approved a multi-state slots system designed to result in larger jackpots.

The state’s Division of Gaming Enforcement said Wednesday it has authorized a wide-area progressive slots jackpot system involving New Jersey and other jurisdictions, although other participants were not immediately announced.

The goal is to create larger jackpots that will be more appealing to players — some of whom will come to Atlantic City’s casinos for a crack at them.

Submitted by Associated Press on, Feb/26/2014

Teen Gamblers More Likely to Have Risky Sex Than Nongambling Adolescents

A recent study conducted by the Mailman School of Public Health with colleagues at Johns Hopkins University has found that teenage gamblers are more likely to have risky sex compared to those who do not gamble.

Submitted by Jagajeet Chiba on, Feb/26/2014

FBI Accused Mafia of Fixing Muhammad Ali Fight: Liston Bet Against Himself

Newly released documents have uncovered an investigation by the U.S. Federal Bureau of Investigations (FBI) into a supposedly fixed fight between legendary boxer Muhammad Ali and Sonny Liston.

The investigation accuses the Mafia of having fixed the historic 1964 fight.

Submitted by Don Shapiro on, Feb/26/2014

Three Generations of One Family Indicted in Poker Heist

A grand jury has indicted three generations of a single family on charges related to a poker heist at Colonial Country Club in Memphis, Tennessee.

Mother Mildred Fioretto, daughter Sheree McKinley and granddaughter Marilyn Jackson were indicted in connection with the Sept. 9 robbery.  McKinley’s boyfriend was also indicted.

Submitted by Ace King on, Feb/26/2014

Pokerstars Micromillions 7 Festival 
Guarantees $5 Million in March

ONCHAN, Isle of Man – The world’s richest low-stakes poker tournament series, MicroMillions, returns to PokerStars in March, for a seventh series that features 100 events and $5 million in guaranteed tournament prizes.  

Submitted by Press Release on, Feb/26/2014

Crossing the Line? Bookie Taking Bets on Runner Oscar Pistorius Murder Trial

In recent years, bookies across the world have steered clear of taking bets on murder trials.  This week it was observed that Irish bookmaker Paddy Power had begun to take bets on the outcome of South African paraplegic runner Oscar Pistorius’ murder trial.

Submitted by Jagajeet Chiba on, Feb/26/2014

William Hill Warns That Greyhounds and Horses May Need to be Slaughtered

Ralph Topping, the boss of William Hill, Britain’s largest bookmaker, warned that a UK curb on gambling will likely result in the mass killing of defenseless greyhounds and horses.

Submitted by Jagajeet Chiba on, Feb/26/2014

Dire Warning for Ladbrokes Head: ‘Better Capitalize on World Cup or Else’

Embattled Ladbrokes CEO Richard Glynn faces the axe this coming August if he can’t turn things around at the UK’s second largest bookmaking firm. 

BetOnline

Submitted by Aaron Goldstein on, Feb/26/2014

2nd Casino Hit With Counterfeit Chip Scheme in Less Than a Month

Maryland Live! is the second casino in under two months to be struck by a counterfeit scheme.

Maryland State Police have charged a Virginia couple and are looking for two other individuals in the matter.

Submitted by Nagesh Rath on, Feb/25/2014

Breaking News

Can I Play on SidePot.us From My State? Is it Legal?

Social, or sweepstakes, casinos are free to play on in the beginning, but one will almost always have to make real money purchases via virtual coins these websites have come up with clever names for (i.e. sweepcoins).