Gambling and Sports Betting News Wire - November 25, 2019
Here are today's headlines in the world of gambling and sports betting as they happen - Monday November 25, 2019.
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Legalized Sports Betting in US May Bring Unwanted Guest to Market
Foreign companies are capitalizing on the explosive US sports betting scene now that the activity is legal. But not all these companies are created equal, as Forbes recently explained.
Ike Brannon is a senior fellow at the Jack Kemp Foundation who recently contributed a piece to Forbes.com.
In Oregon, for example, controversy has ensnared a Malta-based company that is alleged to have operations in areas where sports betting is illegal. In Rhode Island, a multinational company with apparent ties to the governor managed to score a no-bid deal. And in Indiana, a company that is reported to be connected to the Italian mafia has become a key player.
The risk for states that fail to proceed with caution cannot be overstated.
Brannon goes into detail about Sportradar, which is seeking to expand in the US market. It is already working with the state of Indiana to expand its sports betting operations. But it is also alleged to have mob ties, allegations the company vehemently denies.
A recent report in Business Insider alleges that the company worked with Fabio Lanzafame, who was a big player in illegal gambling in Italy from 2015 to 2017. It alleges that he paid them in cash for these services.
The report also alleges that Sportrader gave permission to one of its partners, Anthony Ricci, to release quotas to illegal Italian bookies before they were made available to legitimate bookmakers. Ricci, the former CEO of Betaland, was arrested in Malta and extradited to Italy as a part of an illegal betting operation that generated over $5 billion in revenue and evaded as much as $1 billion in taxes.
Sketchy College Football Line Move Draws Suspicions
On Friday, Nov. 15, Marshall’s football team defeated visiting Louisiana Tech, 31-10. The line on this game had moved from Marshall -2.5 to -4.5 two days prior to play.
The New York Post reported:
There were reports that those in the know pushed some lines to Marshall laying as many as seven points. The books, who charge an added percentage or “vig” bets, needed money played on La. Tech to balance their sheets.
Regardless, those who bet Marshall, even at -7, won, forcing bookies to pay out far more on that game than they took in. Uh-oh. You can mess with gamblers, the suckers, but not with the house.
The line movements came from a rush of action, presumably and logically the in-the-know crowd loading up on Marshall.
But why the sudden, one-way action? La. Tech, after all, had won eight straight, and this was a Conference USA game between title contenders.
Well, it came to pass that La. Tech, without releasing the info to the public until Thursday night, a day earlier suspended three players from the game, including star QB J’mar Smith.
Our Free Picks Record November 25
2019 NFL Record: 3-9 (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%)
November 24, 2019
November 23, 2019
November 16, 2019
November 9, 2019
- Aaron Goldstein, Gambling911.com
