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Trending News Stories in the World of Gambling - November 15, 2022 (9 am)

Written by:
Gilbert Horowitz
Published on:
Nov/15/2022

Line on Coastal Carolina vs. UVA Drops Nearly 2 Points in Wake of Shootings

As of Tuesday it did not appear as if the Coastal Carolina vs. Virginia college football game will be cancelled Saturday following the shooting deaths of three players overnight on Sunday.  This one is slated to be broadcast on ESPN3 at 3:30 pm ET and should receive a solid viewership and decent amount of betting activity as folks tune in to watch tributes to those players.  The line on this game had dropped from Coastal Carolina +3.5 to +1 throughout the day Monday.

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Lavel Davis Jr., Devin Chandler and D’Sean Perry were fatally shot Sunday night after they returned from a class trip.  The school had been on lockdown most of the morning Monday.

Two other students were injured, one critically, Virginia President Jim Ryan said.

Christopher Darnell Jones Jr., a 22-year-old former member of the football team, was later apprehended.  He is suspected of killing the three players.

“They touched us, inspired us and worked incredibly hard,” head football coach Tony Elliott said in a statement.

Davis was a 6-foot-7 wide receiver who finished the 2020 season ranked No. 2 in the nation and No. 1 in the Atlantic Coast Conference for average yards per reception, among many other accolades.

UVA Cancelled a Monday night basketball game between Northern Iowa.

The FTX Blood Bath Continues

When your Chief Regulatory Officer was once caught up in a massive online poker cheating scandal, you might want to think twice about investing heavily in that particular platform.  In this case, we are talking about the FTX crypto exchange, which filed for bankruptcy over the weekend.  Withdrawals have also been stopped. 

Daniel Friedberg was an attorney for UltimateBet and served as Chief Regulatory Officer for FTX since 2020. CoinGeek had reported on this connection over a year ago.

Friedberg was allegedly overheard in an audio tape released in 2013 "actively conspiring with the other principals in attendance to (a) publicly obfuscate the source of the cheating, (b) minimize the amount of restitution made to players, and (c) force shareholders to shoulder most of the bill," writes Steven Stradbrooke of CoinGeek.

Ikigai Asset Management was among those whose firms whose clients are now adversely affected.

"Unfortunately, I have some pretty bad news to share," Travis Kling tweeted out Tuesday. "Last week Ikigai was caught up in the FTX collapse. We had a large majority of the hedge fund’s total assets on FTX. By the time we went to withdraw Monday mrng, we got very little out. We’re now stuck alongside everyone else."

SiGMA Malta Kicks Off With a Bang

One of the largest gambling conferences of the year kicked off Monday in Malta.  Thousands are attending this year's SiGMA - World's Gaming Festival.

This year's event runs through Friday.

"There’s nothing we love more than bringing people together. With years of experience in the events industry, our networking elevates in-person interaction to an art form! Meet up with top tier industry leaders and forge connections that will last a life time. From relaxed evenings over drinks and intimate sit down dinners to charity treks to extravagant gala evenings, SiGMA offers a plethora of global networking opportunities."

- Gilbert Horowitz, Gambling911.com

Gambling News

Michigan Wolverines an Early +6.5 Underdog Versus Ohio State

Michigan Wolverines an Early +6.5 Underdog Versus Ohio State Stun the Buckeyes

We have seen the line on the Michigan Wolverines vs. Ohio State game November 26 ranging anywhere from Buckeyes -6.5 to -8 very early.  The line was trending towards -8.5.  Coming into Week 12, the Wolverines were among the few remaining undefeated teams (along with Ohio State) and that continues as they head into their game against Ohio State. 

Aggressive Line Movement on Clemson Game Was Tell-Tale Sign in Week 1

Clemson Tigers Betting Trends: Tough Test vs. Surging South Carolina November 26

Clemson goes into Saturday's Noon ET game versus the South Carolina Gamecocks as a -14.5 favorite but South Carolina cannot be overlooked following their shocking upset shellacking of the Tennessee Vols, a team that had been ranked number one in the nation just a few weeks ago. BetOnline had reported 72% on Clemson at -24 at the time of closing.

NY Times Shock Probe Into US Regulated Sports Betting Industry

NY Times Shock Probe Into US Regulated Sports Betting Industry

It's been a difficult last couple of weeks for the U.S. regulated sports betting sector.  In addition to brands shutting down and wagering accounts getting hacked, now the industry finds it must defend itself against a scathing New York Times investigation, all while the Times colleagues continue crawling into bed with said operators.

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