Betting People
2021年11月26日Register here: http://gg.gg/x14sb
*Betting 101: What Is A Money Line Bet In Sports Betting?
*Sports Betting & Online Betting At BetOnline Sportsbook
Star Sports offer a fully interactive betting experience via mobile, tablet, App and desktop at www.starsports.bet. The Star Sports app can be downloaded via the App Store and Google Play - just search for STARSPORTS. Making money from betting on any sport requires an understanding of how the betting markets work, and an ability to use that knowledge to gain an advantage. No-one makes a consistent profit from simply following hunches or relying purely on statistics and trends. Sports handicapping is something that people.
Action: Having a wager on a game.
ATS (’against the [point] spread’): If a team is 5-2 ATS, it means it has a 5-2 record against the point spread, or more commonly referred to simply as the ’spread.’
Backdoor cover: When a team scores points at the end of a game to cover the spread unexpectedly.Betting 101: What Is A Money Line Bet In Sports Betting?
Bad beat: Losing a bet you should have won. It’s especially used when the betting result is decided late in the game to change the side that covers the spread. Also used in poker, such as when a player way ahead in the expected win percentage loses on the river (last card).
Beard: Someone who places a wager for another person (aka ’runner’).
Book: Short for sportsbook or bookmaker; person or establishment that takes bets from customers.
Bookie: A person who accepts bets illegally and charges vig.
Buying points: Some bookies or sportsbooks will allow customers to alter the set line and then adjust odds. For example, a bettor might decide he wants to have his team as a 3-point underdog instead of the set line of 2.5. He has then ’bought’ half a point, and the odds of his bet will be changed.
Chalk: The favorite in the game. People said to be ’chalk’ bettors typically bet the favorite.
Circle game: A game for which the betting limits are lowered, usually because of injuries and/or weather.
Closing line: The final line before the game or event begins.
Consensus pick: Derived from data accumulated from a variety of sportsbooks in PickCenter. The pick, and its percentage, provides insight as to what side the public is taking in a game.
Cover: The betting result on a point-spread wager. For a favorite to cover, it has to win by more than the spread; an underdog covers by winning outright or losing by less than the spread.
Dime: Jargon for a $1,000 bet. If you bet ’three dimes,’ that means a $3,000 wager.
’Dog: Short for underdog.
Dollar: Jargon for a $100 bet. Usually used with bookies; if you bet ’five dollars,’ that means a $500 wager.
Edge: An advantage. Sports bettors might feel they have an edge on a book if they think its lines aren’t accurate.
Even money: Odds that are considered 50-50. You put up $1 to win $1.
Exotic: Any wager other than a straight bet or parlay; can also be called a ’prop’ or ’proposition wager.’
Favorite: The expected straight-up winner in a game or event. Depending on the sport, the favorite will lay either odds or points. For example, in a football game, if a team is a 2.5-point favorite, it will have to win by three points or more to be an ATS winner.
Fixed: A participant in a particular game who alters the result of that game or match to a completely or partially predetermined result. The participant did not play honestly or fairly because of an undue outside influence.
Futures bet: A long-term wager that typically relates to a team’s season-long success. Common futures bets include betting a team to win a championship at the outset of a season, or betting whether the team will win or lose more games than a set line at the start of the season.Sports Betting & Online Betting At BetOnline Sportsbook
Halftime bet: A bet made after the first half ended and before the second half begins (football and basketball primarily). The oddsmaker generally starts with half of the game side/total and adjusts based on what happened in the first half.
Handicapper: A person trying to predict the winners of an event.
Handle: The amount of money taken by a book on an event or the total amount of money wagered.
Hedging: Betting the opposing side of your original bet, to either ensure some profit or minimize potential loss. This is typically done with futures bets, but can also be done on individual games with halftime bets or in-game wagering.
High roller: A high-stakes gambler.
Hook: A half-point. If a team is a 7.5-point favorite, it is said to be ’laying seven and a hook.’
In-game wagering: A service offered by books in which bettors can place multiple bets in real time, as the game is occurring.
Juice: The commission the bookie or bookmaker takes. Standard is 10 percent. Also called the ’vig/vigorish.’
Layoff: Money bet by a sportsbook with another sportsbook or bookmaker to reduce that book’s liability.
Limit: The maximum bet taken by a book. If a book has a $10,000 limit, it’ll take that bet but the book will then decide whether it’s going to adjust the line before the bettor can bet again.
Lock: A guaranteed win in the eyes of the person who made the wager.
Middle: When a line moves, a bettor can try to ’middle’ a wager and win both sides with minimal risk. Suppose a bettor bets one team as a 2.5-point favorite, then the line moves to 3.5 points. She can then bet the opposite team at 3.5 and hope the favorite wins by three points. She would then win both sides of the bet.
Money line (noun), money-line (modifier): A bet in which your team only needs to win. The point spread is replaced by odds.
Mush: A bettor or gambler who is considered to be bad luck.
Nickel: Jargon for a $500 bet. Usually used with bookies; if you bet ’a nickel,’ that means a $500 wager.
Oddsmaker (also linemaker): The person who sets the odds. Some people use it synonymous with ’bookmaker’ and often the same person will perform the role at a given book, but it can be separate if the oddsmaker is just setting the lines for the people who will eventually book the bets.
Off the board: When a book or bookie has taken a bet down and is no longer accepting action or wagers on the game. This can happen if there is a late injury or some uncertainty regarding who will be participating.
Over/under: A term that can be used to describe the total combined points in a game (the Ravens-Steelers over/under is 40 points) or the number of games a team will win in a season (the Broncos’ over/under win total is 11.5). Also used in prop bets.
Parlay: A wager in which multiple teams are bet, either against the spread or on the money line. For the wager to win (or pay out), all of them must cover/win. The more teams you bet, the greater the odds.
Pick ’em: A game with no favorite or underdog. The point spread is zero, and the winner of the game is also the spread winner.
Point spread (or just ’spread’): The number of points by which the supposed better team is favored over the underdog.
Proposition (or prop) bet: A special or exotic wager that’s not normally on the betting board, such as which team will score first or how many yards a player will gain. Sometimes called a ’game within a game.’ These are especially popular on major events, with the Super Bowl being the ultimate prop betting event.
Push: When a result lands on the betting number and all wagers are refunded. For example, a 3-point favorite wins by exactly three points. Return on investment (ROI): In PickCenter, ROI is the amount (according to numberFire) that a bettor should expect to get back on a spread pick.
Runner: Someone who makes bets for another person (aka ’beard’).
Sharp: A professional, sophisticated sports bettor.
Spread: Short for point spread.
Square: A casual gambler. Someone who typically isn’t using sophisticated reasoning to make a wager.
Steam: When a line is moving unusually fast. It can be a result of a group or syndicate of bettors all getting their bets in at the same time. It can also occur when a respected handicapper gives a bet his followers all jump on, or based on people reacting to news such as an injury or weather conditions.
Straight up: The expected outright winner of the money line in an event or game, not contingent on the point spread.
Teaser: Betting multiple teams and adjusting the point spread in all the games in the bettor’s favor. All games have to be picked correctly to win the wager.
Total: The perceived expected point, run or goal total in a game. For example, in a football game, if the total is 41 points, bettors can bet ’over’ or ’under’ on that perceived total.
Tout (service): a person (or group of people) who either sells or gives away picks on games or events.
Underdog: The team that is expected to lose straight up. You can either bet that the team will lose by less than the predicted amount (ATS), or get better than even-money odds that it will win the game outright. For example, if a team is a 2-1 underdog, you can bet $100 that the team will win. If it wins, you win $200 plus receive your original $100 wager back.
Vig/vigorish: The commission the bookie or bookmaker takes; also called the ’juice.’ Standard is 10 percent.
Wager: A bet.
Welch: To not pay off a losing bet.
Wiseguy: A professional bettor. Another term for a ’sharp.’
A battle to be the place to watch and bet on sports is raging around the country, and the Las Vegas casino owner sitting on his corner barstool chuckling like Norm Peterson from ’Cheers’ is very much in the fight.
Whether drinking with guests at Longbar at The D hotel casino, or making big sports bets with competing bookmakers around town, Derek Stevens has emerged as the most approachable casino owner in Las Vegas since arriving from Detroit in the 1990s. Now everyone is watching his next move, as if the future of sports betting in Sin City depends on it.
The coronavirus pandemic crushed Las Vegas’ gaming and tourism industry back in the spring. The sportsbooks sat dormant for months, and revenue plummeted. According to the Nevada Gaming Control Board, gaming revenue in April suffered a 99.6% decrease compared with April 2019. Casinos are back open now, and crowds (of mostly locals) have returned to sportsbooks, which are operating at limited capacity during their most lucrative time of the year, football season. But the pandemic is just one of many challenges facing giant sportsbooks such as Caesars Palace, The Mirage and the SuperBook.
The professional sports leagues themselves have entered the bookmaking business and are aiming to lure fans out of the casinos and into placing bets inside their own stadiums and arenas. The location of sportsbooks, however, has become somewhat irrelevant. As regulated sports betting spreads across the United States, most bettors have access to bookmakers in their pockets, on their phones. The bulk of sports betting now takes place online, so it’s understandable that casinos outside Nevada are more often opting to build sports bars rather than the giant amphitheater sportsbooks that are so popular in Las Vegas.
Not so fast, Stevens says. He is going in the other direction, a contrarian play. On Wednesday, Circa, Stevens’ new resort in downtown Las Vegas, opens with what’s being billed as the ’world’s largest sportsbook.’
’There’s still an awful lot of demand for watching sports,’ Stevens says. ’As much as everyone loves being on their phones, there’s still an element where people like to get together and watch a game.’
’The screen is just massive’ Arizona poker tournament schedule.
The seat with Stevens’ name on it at Longbar is just a few steps from the entrance onto Fremont Street Experience, a tourist hot spot that combines an old-school Las Vegas look with a Mardi Gras feel. It can get crazy, and Stevens has a front-row seat to it all. The man has seen a lot, but he wasn’t prepared for the first time he saw the towering odds board at his new sportsbook at Circa light up.
’I was with a pretty big group, and when they threw all the screens on, we all just jumped back because it was so bright,’ Stevens says with a laugh.
Circa is the first ground-up resort built in downtown Las Vegas since 1980, standing 458 feet tall. When completed, it will have 44 floors, 777 rooms, a 5,000-square-foot multitiered swimming pool amphitheater and a nine-story transportation hub dubbed the ’Garage Mahal.’
Construction began on Feb. 19, 2019, with a target of opening in December 2020. Like all projects started before the pandemic, Circa faced significant hurdles in 2020, including what Stevens calls some ’uh-oh moments.’
’If you’re a batter at the plate, and you’re sitting fastball, and you get a curveball thrown your way, you’ve got to make an adjustment,’ Stevens says.
At its peak, there were 1,200 construction workers on site daily, before COVID-19 safety protocols were put in place in March. That created new challenges; for example, only three workers were allowed to ride together in a construction elevator. A round trip to the top of the tower in the elevator took five minutes. They struggled to get enough workers to the top levels in an efficient manner and were running out of time. At one point there were fears that workers would have to be furloughed, with no guarantee that they’d come back.
At the advice of his team, Stevens audibled, electing to have his workforce focus on the first five floors of the casino. That decision allowed Circa to open eight weeks ahead of schedule.
’Great call by the guys,’ Stevens says.
Stevens is tight-lipped about the cost, declining to offer even a hint about how much he has invested in Circa. He is direct about his new sportsbook, though -- it’s the main attraction.
Three stories tall, the sportsbook at Circa was designed so that it could be seen from everywhere on the casino floor. It features a massive video wall with 78 million pixels that requires 10 people to operate.
’I’ve been part of these meetings, seen the renderings and been a part of the process,’ says Matt Metcalf, Circa’s sportsbook director, ’and I still don’t think I anticipated how cool it is. The screen is just massive.’
There’s stadium seating, and a broadcast studio. And with an occupancy of 1,000, Circa is certainly upping the ante in the Las Vegas sportsbook game. But is it the last of its kind?
’If we’re very successful, there’s going to be more that come up,’ Stevens says. ’If we’re not, then there probably won’t be. It kind of depends on how we do.’
Stadium sportsbooks: ’How do we get in there?’
On a Sunday morning in September, three time zones away from Las Vegas, a line has formed outside the box office at Capital One Arena in Washington, D.C. People are waiting to place bets.
Since no live sporting events are taking place at the arena because of the pandemic, the box office has been converted into a William Hill U.S. sportsbook, with betting windows and self-serve kiosks. It is the first retail sportsbook ever to take bets at a major American sports venue. In September, an average of 3,800 bets per day, totaling $12.2 million, were placed at the sportsbook.
With a permanent space inside the arena expected to open in 2021, hopefully alongside the return of the Wizards, Capitals and Mystics, this is another reminder that competition is increasing for where people watch and bet on sports.
In May 2018, the Supreme Court struck down the Professional and Amateur Sports Protection Act of 1992, the federal statute that had restricted regulated sports betting to primarily Nevada. The decision ended a six-year courtroom saga between the NCAA, NFL and other major professional sports leagues versus the state of New Jersey, and it altered the sports betting landscape in the U.S. Since the ruling, legal sportsbooks have begun operating in 18 states and the District of Columbia, which was the first jurisdiction to give sports venues the right to offer sports betting.
In January 2019, Monumental Sports, Ted Leonsis’ sports and entertainment ownership group, sent out a request for proposal regarding building a sportsbook inside Capital One Arena. The RFP landed on the desk of Dan Shapiro, vice president of strategy and growth for William Hill U.S. He took it to his boss, CEO Joe Asher, and asked for his thoughts.
’I wasn’t sure we should even respond to it,’ Asher says, noting that competitor MGM has a casino in the D.C. area and that Leonsis had an established investment in DraftKings.
’We certainly thought it was a long shot,’ Shapiro says. ’But since this was unchartered territory, doing something at a professional sports venue, we wanted to take our best shot at it.’
It worked, and on Oct. 3, 2019, Leonsis and Asher sat side by side, announcing plans to build a physical sportsbook inside Capital One Arena.
’It just shows how times have changed, from litigating in court to putting a sportsbook in the arena,’ Asher says.
Capital One Arena isn’t alone. The Chicago Cubs have announced plans to build a sportsbook at, or in the vicinity of, Wrigley Field with DraftKings, and more arenas are considering following suit.
Dwayne MacEwen, the principal and founder of DMAC Architecture, told ESPN in the spring that his firm was discussing stadium sports-betting spaces with multiple professional teams that were ’ready to go when the world goes back to normal.’
MacEwen envisions sports-betting spaces eventually moving to the lower bowl of arenas, offering comfortable leather recliners and a private bar with a digital ticker featuring odds and scores scrolling across it.
’We want people walking in to stop, point and go, ’What is that? How do we get in there?’ MacEwen said.
’I honestly think COVID-19 has accelerated where sportsbooks were going anyway,’ he added. ’They’re more about hospitality, entertainment spaces. They’re more accessible to everyone, not just the bookie.’
Back to the future
It’s mid-March in Las Vegas, and mostly dark and quiet inside the Westgate casino -- an eerie scene, especially knowing how busy it should be during March Madness.
Lines typically form outside sportsbooks at 5 a.m., or even earlier, on the opening Thursday and Friday of the NCAA men’s basketball tournament. This year, though, it was canceled because of the pandemic.
Today there are only a few flashes of light and a random jingle from a slot machine as Jay Kornegay, a 30-year Las Vegas bookmaker, strolls to his office at the SuperBook without seeing a soul. The SuperBook’s dazzling 240-by-18-foot LED video screen, which had run 24 hours a day since it was installed in 2015, is off.
On March 18, a day before the first full day of the NCAA tournament, the Westgate closed its doors for the first time since opening on July 2, 1969, as the Las Vegas Hilton.
’It was to a point where we didn’t even have locks on doors,’ Kornegay says. ’We had to make modifications to all our entrances and basically chain them up.’
They’re still not allowed to be at full capacity, but the demand for sports betting remains strong. With Major League
https://diarynote.indered.space
*Betting 101: What Is A Money Line Bet In Sports Betting?
*Sports Betting & Online Betting At BetOnline Sportsbook
Star Sports offer a fully interactive betting experience via mobile, tablet, App and desktop at www.starsports.bet. The Star Sports app can be downloaded via the App Store and Google Play - just search for STARSPORTS. Making money from betting on any sport requires an understanding of how the betting markets work, and an ability to use that knowledge to gain an advantage. No-one makes a consistent profit from simply following hunches or relying purely on statistics and trends. Sports handicapping is something that people.
Action: Having a wager on a game.
ATS (’against the [point] spread’): If a team is 5-2 ATS, it means it has a 5-2 record against the point spread, or more commonly referred to simply as the ’spread.’
Backdoor cover: When a team scores points at the end of a game to cover the spread unexpectedly.Betting 101: What Is A Money Line Bet In Sports Betting?
Bad beat: Losing a bet you should have won. It’s especially used when the betting result is decided late in the game to change the side that covers the spread. Also used in poker, such as when a player way ahead in the expected win percentage loses on the river (last card).
Beard: Someone who places a wager for another person (aka ’runner’).
Book: Short for sportsbook or bookmaker; person or establishment that takes bets from customers.
Bookie: A person who accepts bets illegally and charges vig.
Buying points: Some bookies or sportsbooks will allow customers to alter the set line and then adjust odds. For example, a bettor might decide he wants to have his team as a 3-point underdog instead of the set line of 2.5. He has then ’bought’ half a point, and the odds of his bet will be changed.
Chalk: The favorite in the game. People said to be ’chalk’ bettors typically bet the favorite.
Circle game: A game for which the betting limits are lowered, usually because of injuries and/or weather.
Closing line: The final line before the game or event begins.
Consensus pick: Derived from data accumulated from a variety of sportsbooks in PickCenter. The pick, and its percentage, provides insight as to what side the public is taking in a game.
Cover: The betting result on a point-spread wager. For a favorite to cover, it has to win by more than the spread; an underdog covers by winning outright or losing by less than the spread.
Dime: Jargon for a $1,000 bet. If you bet ’three dimes,’ that means a $3,000 wager.
’Dog: Short for underdog.
Dollar: Jargon for a $100 bet. Usually used with bookies; if you bet ’five dollars,’ that means a $500 wager.
Edge: An advantage. Sports bettors might feel they have an edge on a book if they think its lines aren’t accurate.
Even money: Odds that are considered 50-50. You put up $1 to win $1.
Exotic: Any wager other than a straight bet or parlay; can also be called a ’prop’ or ’proposition wager.’
Favorite: The expected straight-up winner in a game or event. Depending on the sport, the favorite will lay either odds or points. For example, in a football game, if a team is a 2.5-point favorite, it will have to win by three points or more to be an ATS winner.
Fixed: A participant in a particular game who alters the result of that game or match to a completely or partially predetermined result. The participant did not play honestly or fairly because of an undue outside influence.
Futures bet: A long-term wager that typically relates to a team’s season-long success. Common futures bets include betting a team to win a championship at the outset of a season, or betting whether the team will win or lose more games than a set line at the start of the season.Sports Betting & Online Betting At BetOnline Sportsbook
Halftime bet: A bet made after the first half ended and before the second half begins (football and basketball primarily). The oddsmaker generally starts with half of the game side/total and adjusts based on what happened in the first half.
Handicapper: A person trying to predict the winners of an event.
Handle: The amount of money taken by a book on an event or the total amount of money wagered.
Hedging: Betting the opposing side of your original bet, to either ensure some profit or minimize potential loss. This is typically done with futures bets, but can also be done on individual games with halftime bets or in-game wagering.
High roller: A high-stakes gambler.
Hook: A half-point. If a team is a 7.5-point favorite, it is said to be ’laying seven and a hook.’
In-game wagering: A service offered by books in which bettors can place multiple bets in real time, as the game is occurring.
Juice: The commission the bookie or bookmaker takes. Standard is 10 percent. Also called the ’vig/vigorish.’
Layoff: Money bet by a sportsbook with another sportsbook or bookmaker to reduce that book’s liability.
Limit: The maximum bet taken by a book. If a book has a $10,000 limit, it’ll take that bet but the book will then decide whether it’s going to adjust the line before the bettor can bet again.
Lock: A guaranteed win in the eyes of the person who made the wager.
Middle: When a line moves, a bettor can try to ’middle’ a wager and win both sides with minimal risk. Suppose a bettor bets one team as a 2.5-point favorite, then the line moves to 3.5 points. She can then bet the opposite team at 3.5 and hope the favorite wins by three points. She would then win both sides of the bet.
Money line (noun), money-line (modifier): A bet in which your team only needs to win. The point spread is replaced by odds.
Mush: A bettor or gambler who is considered to be bad luck.
Nickel: Jargon for a $500 bet. Usually used with bookies; if you bet ’a nickel,’ that means a $500 wager.
Oddsmaker (also linemaker): The person who sets the odds. Some people use it synonymous with ’bookmaker’ and often the same person will perform the role at a given book, but it can be separate if the oddsmaker is just setting the lines for the people who will eventually book the bets.
Off the board: When a book or bookie has taken a bet down and is no longer accepting action or wagers on the game. This can happen if there is a late injury or some uncertainty regarding who will be participating.
Over/under: A term that can be used to describe the total combined points in a game (the Ravens-Steelers over/under is 40 points) or the number of games a team will win in a season (the Broncos’ over/under win total is 11.5). Also used in prop bets.
Parlay: A wager in which multiple teams are bet, either against the spread or on the money line. For the wager to win (or pay out), all of them must cover/win. The more teams you bet, the greater the odds.
Pick ’em: A game with no favorite or underdog. The point spread is zero, and the winner of the game is also the spread winner.
Point spread (or just ’spread’): The number of points by which the supposed better team is favored over the underdog.
Proposition (or prop) bet: A special or exotic wager that’s not normally on the betting board, such as which team will score first or how many yards a player will gain. Sometimes called a ’game within a game.’ These are especially popular on major events, with the Super Bowl being the ultimate prop betting event.
Push: When a result lands on the betting number and all wagers are refunded. For example, a 3-point favorite wins by exactly three points. Return on investment (ROI): In PickCenter, ROI is the amount (according to numberFire) that a bettor should expect to get back on a spread pick.
Runner: Someone who makes bets for another person (aka ’beard’).
Sharp: A professional, sophisticated sports bettor.
Spread: Short for point spread.
Square: A casual gambler. Someone who typically isn’t using sophisticated reasoning to make a wager.
Steam: When a line is moving unusually fast. It can be a result of a group or syndicate of bettors all getting their bets in at the same time. It can also occur when a respected handicapper gives a bet his followers all jump on, or based on people reacting to news such as an injury or weather conditions.
Straight up: The expected outright winner of the money line in an event or game, not contingent on the point spread.
Teaser: Betting multiple teams and adjusting the point spread in all the games in the bettor’s favor. All games have to be picked correctly to win the wager.
Total: The perceived expected point, run or goal total in a game. For example, in a football game, if the total is 41 points, bettors can bet ’over’ or ’under’ on that perceived total.
Tout (service): a person (or group of people) who either sells or gives away picks on games or events.
Underdog: The team that is expected to lose straight up. You can either bet that the team will lose by less than the predicted amount (ATS), or get better than even-money odds that it will win the game outright. For example, if a team is a 2-1 underdog, you can bet $100 that the team will win. If it wins, you win $200 plus receive your original $100 wager back.
Vig/vigorish: The commission the bookie or bookmaker takes; also called the ’juice.’ Standard is 10 percent.
Wager: A bet.
Welch: To not pay off a losing bet.
Wiseguy: A professional bettor. Another term for a ’sharp.’
A battle to be the place to watch and bet on sports is raging around the country, and the Las Vegas casino owner sitting on his corner barstool chuckling like Norm Peterson from ’Cheers’ is very much in the fight.
Whether drinking with guests at Longbar at The D hotel casino, or making big sports bets with competing bookmakers around town, Derek Stevens has emerged as the most approachable casino owner in Las Vegas since arriving from Detroit in the 1990s. Now everyone is watching his next move, as if the future of sports betting in Sin City depends on it.
The coronavirus pandemic crushed Las Vegas’ gaming and tourism industry back in the spring. The sportsbooks sat dormant for months, and revenue plummeted. According to the Nevada Gaming Control Board, gaming revenue in April suffered a 99.6% decrease compared with April 2019. Casinos are back open now, and crowds (of mostly locals) have returned to sportsbooks, which are operating at limited capacity during their most lucrative time of the year, football season. But the pandemic is just one of many challenges facing giant sportsbooks such as Caesars Palace, The Mirage and the SuperBook.
The professional sports leagues themselves have entered the bookmaking business and are aiming to lure fans out of the casinos and into placing bets inside their own stadiums and arenas. The location of sportsbooks, however, has become somewhat irrelevant. As regulated sports betting spreads across the United States, most bettors have access to bookmakers in their pockets, on their phones. The bulk of sports betting now takes place online, so it’s understandable that casinos outside Nevada are more often opting to build sports bars rather than the giant amphitheater sportsbooks that are so popular in Las Vegas.
Not so fast, Stevens says. He is going in the other direction, a contrarian play. On Wednesday, Circa, Stevens’ new resort in downtown Las Vegas, opens with what’s being billed as the ’world’s largest sportsbook.’
’There’s still an awful lot of demand for watching sports,’ Stevens says. ’As much as everyone loves being on their phones, there’s still an element where people like to get together and watch a game.’
’The screen is just massive’ Arizona poker tournament schedule.
The seat with Stevens’ name on it at Longbar is just a few steps from the entrance onto Fremont Street Experience, a tourist hot spot that combines an old-school Las Vegas look with a Mardi Gras feel. It can get crazy, and Stevens has a front-row seat to it all. The man has seen a lot, but he wasn’t prepared for the first time he saw the towering odds board at his new sportsbook at Circa light up.
’I was with a pretty big group, and when they threw all the screens on, we all just jumped back because it was so bright,’ Stevens says with a laugh.
Circa is the first ground-up resort built in downtown Las Vegas since 1980, standing 458 feet tall. When completed, it will have 44 floors, 777 rooms, a 5,000-square-foot multitiered swimming pool amphitheater and a nine-story transportation hub dubbed the ’Garage Mahal.’
Construction began on Feb. 19, 2019, with a target of opening in December 2020. Like all projects started before the pandemic, Circa faced significant hurdles in 2020, including what Stevens calls some ’uh-oh moments.’
’If you’re a batter at the plate, and you’re sitting fastball, and you get a curveball thrown your way, you’ve got to make an adjustment,’ Stevens says.
At its peak, there were 1,200 construction workers on site daily, before COVID-19 safety protocols were put in place in March. That created new challenges; for example, only three workers were allowed to ride together in a construction elevator. A round trip to the top of the tower in the elevator took five minutes. They struggled to get enough workers to the top levels in an efficient manner and were running out of time. At one point there were fears that workers would have to be furloughed, with no guarantee that they’d come back.
At the advice of his team, Stevens audibled, electing to have his workforce focus on the first five floors of the casino. That decision allowed Circa to open eight weeks ahead of schedule.
’Great call by the guys,’ Stevens says.
Stevens is tight-lipped about the cost, declining to offer even a hint about how much he has invested in Circa. He is direct about his new sportsbook, though -- it’s the main attraction.
Three stories tall, the sportsbook at Circa was designed so that it could be seen from everywhere on the casino floor. It features a massive video wall with 78 million pixels that requires 10 people to operate.
’I’ve been part of these meetings, seen the renderings and been a part of the process,’ says Matt Metcalf, Circa’s sportsbook director, ’and I still don’t think I anticipated how cool it is. The screen is just massive.’
There’s stadium seating, and a broadcast studio. And with an occupancy of 1,000, Circa is certainly upping the ante in the Las Vegas sportsbook game. But is it the last of its kind?
’If we’re very successful, there’s going to be more that come up,’ Stevens says. ’If we’re not, then there probably won’t be. It kind of depends on how we do.’
Stadium sportsbooks: ’How do we get in there?’
On a Sunday morning in September, three time zones away from Las Vegas, a line has formed outside the box office at Capital One Arena in Washington, D.C. People are waiting to place bets.
Since no live sporting events are taking place at the arena because of the pandemic, the box office has been converted into a William Hill U.S. sportsbook, with betting windows and self-serve kiosks. It is the first retail sportsbook ever to take bets at a major American sports venue. In September, an average of 3,800 bets per day, totaling $12.2 million, were placed at the sportsbook.
With a permanent space inside the arena expected to open in 2021, hopefully alongside the return of the Wizards, Capitals and Mystics, this is another reminder that competition is increasing for where people watch and bet on sports.
In May 2018, the Supreme Court struck down the Professional and Amateur Sports Protection Act of 1992, the federal statute that had restricted regulated sports betting to primarily Nevada. The decision ended a six-year courtroom saga between the NCAA, NFL and other major professional sports leagues versus the state of New Jersey, and it altered the sports betting landscape in the U.S. Since the ruling, legal sportsbooks have begun operating in 18 states and the District of Columbia, which was the first jurisdiction to give sports venues the right to offer sports betting.
In January 2019, Monumental Sports, Ted Leonsis’ sports and entertainment ownership group, sent out a request for proposal regarding building a sportsbook inside Capital One Arena. The RFP landed on the desk of Dan Shapiro, vice president of strategy and growth for William Hill U.S. He took it to his boss, CEO Joe Asher, and asked for his thoughts.
’I wasn’t sure we should even respond to it,’ Asher says, noting that competitor MGM has a casino in the D.C. area and that Leonsis had an established investment in DraftKings.
’We certainly thought it was a long shot,’ Shapiro says. ’But since this was unchartered territory, doing something at a professional sports venue, we wanted to take our best shot at it.’
It worked, and on Oct. 3, 2019, Leonsis and Asher sat side by side, announcing plans to build a physical sportsbook inside Capital One Arena.
’It just shows how times have changed, from litigating in court to putting a sportsbook in the arena,’ Asher says.
Capital One Arena isn’t alone. The Chicago Cubs have announced plans to build a sportsbook at, or in the vicinity of, Wrigley Field with DraftKings, and more arenas are considering following suit.
Dwayne MacEwen, the principal and founder of DMAC Architecture, told ESPN in the spring that his firm was discussing stadium sports-betting spaces with multiple professional teams that were ’ready to go when the world goes back to normal.’
MacEwen envisions sports-betting spaces eventually moving to the lower bowl of arenas, offering comfortable leather recliners and a private bar with a digital ticker featuring odds and scores scrolling across it.
’We want people walking in to stop, point and go, ’What is that? How do we get in there?’ MacEwen said.
’I honestly think COVID-19 has accelerated where sportsbooks were going anyway,’ he added. ’They’re more about hospitality, entertainment spaces. They’re more accessible to everyone, not just the bookie.’
Back to the future
It’s mid-March in Las Vegas, and mostly dark and quiet inside the Westgate casino -- an eerie scene, especially knowing how busy it should be during March Madness.
Lines typically form outside sportsbooks at 5 a.m., or even earlier, on the opening Thursday and Friday of the NCAA men’s basketball tournament. This year, though, it was canceled because of the pandemic.
Today there are only a few flashes of light and a random jingle from a slot machine as Jay Kornegay, a 30-year Las Vegas bookmaker, strolls to his office at the SuperBook without seeing a soul. The SuperBook’s dazzling 240-by-18-foot LED video screen, which had run 24 hours a day since it was installed in 2015, is off.
On March 18, a day before the first full day of the NCAA tournament, the Westgate closed its doors for the first time since opening on July 2, 1969, as the Las Vegas Hilton.
’It was to a point where we didn’t even have locks on doors,’ Kornegay says. ’We had to make modifications to all our entrances and basically chain them up.’
They’re still not allowed to be at full capacity, but the demand for sports betting remains strong. With Major League
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