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Elizabeth Warren Holds the Betting Edge for Democrats

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Ahead of another round of debates for the top Democratic candidates for president, Elizabeth Warren is the betting favorite. The updated political betting odds at Bovada have her listed at +200 odds to win her party’s nomination. A strong performance in the next debate could widen her thin lead.

Elizabeth Warren Holds the Betting Edge Over Joe Biden?

Joe Biden had been the party’s frontrunner all summer long, but he as slipped a bit to +250. Two weeks ago on the board at Bovada, Warren was a +220 favorite with Biden a very close second at +240. Both of these candidates continue to widen their edge against the rest of the field.

Bernie Sanders is still a factor in the race as a +550 third-favorite to win. His odds have gone up and down over the past several months. His recent campaign efforts have moved the dial a bit. Two weeks ago, his odds to win were +600 behind Kamala Harris at +550. The two candidates have switched places on the board. Harris is set as the +600 fourth-favorite this time around.

The best of the rest is led by Andrew Yang and Pete Buttigieg at +1000 betting odds to round out the Top 5. Interestingly enough, Hillary Clinton is next at +2000 even though she is technically not in the race. Maybe she has a few more tricks up her sleeve this time around. A few of the other interesting names on the list include Michelle Obama (+5000) and Oprah Winfrey (+10000).

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When it comes to the updated odds to actually win the 2020 presidential election, Donald Trump remains in the lead. Two weeks ago his odds to win re-election were listed at +110 and they remain the same on the updated board. Warren (+450) now has the slight edge over Biden (+500) for the next spot on the list. The two were in a dead heat a few weeks back at identical +500 odds. Learn where you can bet the 2020 Presidential election over here.

Sanders is a +900 fourth-favorite to win the 2020 general election followed by Harris (+1600), Yang (+1800) and Buttigieg (+2500). Clinton’s betting odds to win the presidency in the next election stand at +4000 along with Tulsi Gabbard.

Mike Pence And Mitt Romney

Vice president Mike Pence is on the board at +6000 and Mitt Romney has long +20000 odds as two Republicans on the betting board. Winfrey’s odds for this political betting prop are also set at +20000.

The two longshots on the board are George Clooney and Kanye West at +90000 odds. Two weeks ago, both of these celebrities were bringing up the rear at even higher +100000 odds.

There is also a betting prop for which party will win the White House following the 2020 presidential election. The Democrats had the edge at the end of August as -125 favorites. The Republicans were set as -105 underdogs. The pendulum has swung the other way in early September with each party set at -115 odds to win.

The next Democratic debate is set for this Thursday, Sept. 12. The top 10 candidates will participate and this should have an interesting impact on the betting odds moving forward.

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Murdoch Enters U.S. Sports Betting Market with FOX Bet

Fox Bet Sports Betting

A media giant hopes to capitalize on the proliferation of sports betting in America, in the wake of the Supreme Court reversal of a federal law. After the Professional and Amateur Sports Protection Act (PASPA) was overturned, the race was on for states to legislate sports betting into existence. Since then, there have been new locations popping up everywhere, and the online and mobile angle has been added to make it even more convenient for customers.

is Murdoch Really Entering The U.S. Sports Betting Market with FOX Bet?

Mainstream media, which for the most part has avoided the sports betting discussion or handled it badly because of lack of expertise, is now diving in, as they seek to attract the attention of the casual bettor. And now Fox Corp has taken the boldest move yet.
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The Rupert Murdoch-owned organization, which is a rights-holder for NFL games, is launching FOX Bet, which will enable customers to place wagers through a phone app, while providing content as well. It represents a very comprehensive push to exploit the Fox brand to cash in on an activity that had heretofore been “taboo” to the major sports league. Morality matters less when there is money to be made, one supposes.

The Stars Group

Actually, in this venture Murdoch’s company is less involved in the actual bookmaking business than it is in the business of lending its “brand” name to an enterprise that can appeal to a new and growing market. They have enlisted a company called The Stars Group (TSG) as a tech/gaming partner. They do own about 5% of TSG on the basis of a $236 million investment. And so this raises the question of whether if there are problems with the service – in terms of customers getting paid in a timely fashion, for example – how much could that conceivably damage the Fox brand?

While Fox may be entering a whole new sphere, Murdoch has initiated a couple of ventures like this overseas. When he had Sky TV, he developed Sky Bet, which took advantage of his media presence. And it was successful (Comcast now owns Sky). But Sun Bets, which was established in association with his newspaper, The Sun, along with Australia-based Tabcorp Holdings, didn’t work out so well, and was closed down last year.

For Casual Sports Bettors?

The real value in this for Fox may not be so much in making a killing off the casual sports bettor, but instead in being able to engage fans and keep them involved. They will, in fact, be utilizing some of their on-air personalities, like Colin Cowherd and Nick Wright, for their insights in the way of “Bet Boosts,” and there will be basic videos explaining the various wagers. It is an approach specifically aimed at the recreational bettor. And Fox Sports, on a separate basis, will be offering a game with sports wagering as its basis, that will be free for the public to play.

FOX Bet has already launched on the Apple IOS and Android platform for customers in the state of New Jersey, and is currently in the midst of a “soft launch” for residents of Pennsylvania, which also permits online and mobile sports betting.

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Company Involved in D.C. Sports Betting Deal Has No Employees

Washington DC Sports Betting Contract

The saga of the sports betting contract in the District of Columbia is like the gift that keeps on giving. And it may come to an unfortunate end for somebody. Currently, there are two members of the D.C. Council – Robert C. White Jr. and Elissa Silverman – who are asking that the government conduct an investigation of a company that alleges that it is a local enterprise, and as such, helps to meet the requirements for getting a government contract, but may not be much of an enterprise at all.
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Saga Of The Washington DC Sports Betting Contract

This all stems from a report in the Washington Post in which it was revealed that Veteran Services Corp., which was used by Intralot, the company that was awarded the $215 contract, as its local representative, in effect. This deal came without a bid, which looked dubious to begin with, and now it has been discovered that this company doesn’t have any employees, and some of the executives that it has listed on its website don’t even work for them.

It’s a somewhat complicated story, but the gist of it is that Intralot submitted documents that stated Veterans Services was going to, in its own words, “perform the ENTIRE subcontract with its own organization and resources.”

However, back in 2009, when Intralot was pursuing the D.C. Lottery contract, Veterans Services had been vetted by city inspectors for its eligibility as a “local business,” they found that the company was owned by a 75-year-old woman named Barbara Bailey, whose son Emmanuel Bailey actually operated the company but was a Maryland resident. They found that Veterans Services operated out of Mrs. Bailey’s home, with two desks and a computer. And although the inspectors came to the conclusion that it did not qualify as a local business, they were overruled. Emmanuel Bailey, it was revealed, had contributed in excess of $30,000 to D.C. candidates for office, so perhaps some influence had been pedaled.

D.C Lottery And Intralot

Problems arose from the corporate structure that existed when Intralot began operating the D.C. Lottery, because it did so through a subsidiary called DC09. Veteran Services owned 51% of DC09, but Barbara Bailey’s 51% of Veteran Services did not, of course, translate to that same percentage in DC09. Yet, Intralot controlled and financed DC09, so as a result, the Greek-based company was performing all tasks necessary to carry the lottery off, when much of that was supposed to involve local interests.

In 2013, when Veterans Services applied for certification as a local business, it had no employees for the previous three years, according to D.C.’s Department of Small and Local Business Development. There were again no employees or wage reports two years later. Certain parties who have been listed as “vice presidents” had no idea that information even appeared on the company website.

Three years ago, Intralot was bidding for the Maryland lottery, in conjunction with Veterans Services. And they listed a Maryland address. But when Veterans Services was evaluated by officials, the conclusion was that they had “no capital, very limited business or industry experience,” and that they could not really explain what role they would actually play in the lottery operation. Even Emmanuel Bailey himself expressed that his company did not have any financial resources to carry out its contractual responsibilities.

So these are the people who will be accepting wagers from the public in the name of D.C. sports betting. Perhaps pending an investigation, which might be long overdue.

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Ditka Helps Indiana Officially Launch Sports Betting

mike dikita sports betting

Legal sports betting began in Indiana on September 1, at the Ameristar Casino in East Chicago, just in time for the NFL regular season to begin. There are other venues who are following suit. And the race is most certainly on for customers.

How Does Mike Ditka Help Indiana Officially Launch Sports Betting?

We say that because neighboring Illinois has been a little slow to the table, not with its approval of sports betting, but rather its establishment of a set of rules and regulations by which the activity will be conducted. And it might be a few months before they are able to get that done. As such, they are going to fall behind, as locations such as the Ameristar, the Horseshoe Casino in Hammond and the Blue Chip Casino in Michigan City, are just a stone’s throw away from the major population center of Chicago.

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And they are trotting out the local legends. Mike Ditka, the Hall of Fame player for the Bears who was also the head coach the last time Chicago won the Super Bowl, and Devin Hester, who returned a kickoff for a touchdown the last time the Bears appeared in the Super Bowl, were special guests at the grand opening of the Ameristar-East Chicago sportsbook, which at the moment consists of five sports betting windows and a number of free-standing wagering kiosks.

Most of the customers who were interviewed by reporters expressed that they enjoyed the convenience factor; that Las Vegas may be a difficult place to get to, but if they can drive just a short distance to find a location where they can out down a casual wager and sit and watch the game, that was a real attraction.

Betting On Mobile Devices

There is yet another leap beyond this, of course. It will be only a matter of time until these same Indiana gaming establishments have the ability to enable their patrons to place their bets on a mobile device, thus increasing the level of convenience, and when that happens, there is the potential for a genuine explosion in popularity. The process the casinos will go through is to affect a partnership with companies who specialize in online betting.

The governor even got in on the act.

Republican Eric Holcomb, who signed the sports betting bill into law a little more than three months ago, was politically correct as he strode up to the window at the Indiana Grand Casino in Shelbyville and placed $10 wagers on the Indianapolis Colts (to win the Super Bowl), Indiana Pacers (to win the NBA title) and Indiana Fever (to win that night’s WNBA game), with a pledge to donate any winnings to the Indiana Canine Action Network.

Indiana is now the 13th state that has approved sports betting – the result of last year’s Supreme Court ruling to strike down the Professional and Amateur Sports Protection Act (PASPA), which had prohibited sports wagering in states that had not already “grandfathered” it in.

And those gaming establishments in Northwest Indiana now have the ability to leverage those offerings they now have at their disposal against casinos in Illinois that will be looking for their piece of the action.

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The Sports Betting “Scorecard”: Almost Everybody’s In

Sports Betting scorecard

It was only last year that the Supreme Court acted to overturn a federal law that prohibited any form of sports betting unless it had already been legislated into existence (the Professional and Amateur Sports Protection Act, also known as PASPA). And once they got the go-ahead to act on a state-by-state basis, the states sprung into action. When considering the red tape that often engulfs the legislative process, they have acted with lightning speed.

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Which Seven States Don’t Allow Legal Sports Betting?

Currently there are only seven states in the country in which there not only is no legal sports betting, but no proposed legislation – Alaska, Florida, Idaho, Utah, Wisconsin, and Wyoming are six of them, and Nebraska is about to go the other way on that, because of the concern about business being lost to Iowa across the river.

The Location of The Casino Or Pari-Mutuel Establishment

The availability is on three different levels. First there is the actual physical location of the casino or pari-mutuel establishment that holds the license. Then there is the online access (via a website, for instance). There is also the increasingly popular platform of the mobile device. For the latter two, geo-tracking is in effect to ensure that the customer is situated inside the state that has authorized the activity.

While analysts ponder whether there is going to a saturation of the market, or perhaps more accurately, when the saturation will occur, it is important to note where the big gains are happening. And from that standpoint, it is clear that New Jersey has been the big winner. It may have been just a few years ago that the Boardwalk appeared to be taking on the appearance of a ghost town, but internet wagering, and now sports betting, have reversed those fortunes, to the point where the Garden State exceeds everyone in post-PASPA revenues of this kind.

Nevada, Oregon and Montana?

That is a notable accomplishment, considering that not far behind them is the neighboring state of Pennsylvania, which has a lot of room to grow its audience. Delaware, which is located close to both states, was one of the states (along with Nevada, Oregon and Montana) that was granted an exemption from the 1992 federal law, because they already had legalized sports betting in one form or another (in the case of Delaware, Oregon and Montana it was because of their legalized sports lottery).

One of the states that would seem to have the most potential is Florida since its greatest population centers aren’t faced with as much in the way of competition from neighboring states. So far no one has budged, but it is likely that the powerful Seminole tribe, which owns and operates the Hard Rock casinos, will force that issue sooner or later.

It’s actually hard to keep track of which states have sports betting implemented, because there are more opening their doors all the time, although Indiana was reportedly the 13th state to do so when its casinos started accepting wagers on September 1.

The American Gaming Association

According to figures produced by the American Gaming Association (AGA), the “handle” on legalized sports betting passed $10 billion in the month of July. And even though that figure represents just 7% of the illegal sports betting in the country, as per the estimates, that figure is liable to change in a hurry.

What is really going to propel the revenues on the part of the states is what happens outside of the physical sportsbooks. And no doubt they are looking at the example of New Jersey, where 85% of the money wagered is done outside of a brick-and-mortar location.

And if you follow sportsbook action at all, you know that there are ever-increasing ways to bet and stay involved in the action. One of the greatest innovations in the industry has been that of “in-game betting,” where the customer can continue to place bets even after the game kicks off, doing so through rather intricate software operating through an algorithm that calculates odds very quickly. You can imagine where this would apply, as patrons watch the games and can keep following along through bets on the contest that is in progress.

So the future is wide-open, although obviously, that looming possibility of saturation comes into play, as far as the commercial establishments are concerned. Will there be enough players in the end for everybody to be happy?

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More Conflict of Interest Reported in D.C. Sports Betting Deal

More Conflict of Interest in D.C. Sports Betting Deal

As if the story behind the no-bid contract for sports betting in the District of Columbia wasn’t bizarre enough, now we have what appears to be a case of nepotism that was connected to the vote that made Intralot the sole vendor. And some say, with a certain degree of sarcasm, that it is almost refreshing that the new development does not concern beleaguered D.C. Council member Jack Evans.

Why Is There More Conflict of Interest In The D.C. Sports Betting Deal?

The Washington Post has reported that the council member who cast the deciding vote on the matter – Kenyan McDuffie, who oddly enough had expressed skepticism about the unusual arrangement, which was closed to competitive bidding – is the cousin of the man who has been identified as a beneficiary of the sports gambling contract, to the tune of $3 million over a five-year period.

Keith McDuffie is a partner in a company called J.L. Terrell Construction, but that is not what is at issue. The problem is that, listed at the same address, is another entity, known as “Potomac Supply Company,” which, as an adjunct to the sports betting deal, will get the $3 million to provide commercial paper products in the role of a subcontractor.

Keith McDuffie listed as Potomac’s chief executive officer and principal contact

And when asked to submit detailed information about their vendors to the Council, Intralot had Keith McDuffie listed as Potomac’s chief executive officer and principal contact.

And where did Intralot get that kind of information? Well, from McDuffie himself.

Yes, this much is true, according to the Post’s report. Keith had made this communication, as per the request, directly to Emmanuel Bailey, an executive with the Greek-based Intralot who is the company’s main contact in the D.C. area with regard to the contract.

The official filing with the city lists one Okera Stewart as the owner of Potomac Supply. And while he admits that Keith McDuffie is “a childhood friend,” he insists that he has no financial interest in the company.

However, Keith sent the information about Potomac from his own email account. And Stewart’s explanation about that is flimsy at best, as he was having “technical problems” with his own email account. It is perhaps strange that in earlier versions of the Intralot proposal that came before the Council, during a period when Kenyan McDuffie was not a proponent of it, there was no mention of his cousin or Potomac Supply. But he shifted gears later.

Kenyan McDuffie has defended his vote on the council on the basis that the contract with Intralot is good for the city. But it is, in fact, the competitive bidding process that ideally ensures that residents of the district will get the best deal possible.

And it is important to note, as his cousin Keith and Okera Stewart were scrambling around for answers, that this issue of the possible conflict of interest wasn’t even addressed until the Post uncovered these documents.

Jack Evans, the most vocal champion of the no-bid contract with Intralot, was stripped of his position as chairman of the Committee on Finance and Revenue for the Council and is under investigation by both the Council and the Department of Justice. He is embroiled in conflicts of interest about Intralot because it turns out that Intralot’s lobbyist in Washington, William Jarvis, is the registered agent for Evans’ private consulting firm, and has also given legal advice on its contracts.

There is a Campaign Finance Reform Act, which will ban on political donations from companies looking for large government contracts. But that does not go into effect until November 2020, so it has no impact on what is going on here.

This quote, from the Editorial Board of the Washington Post, sums things up pretty well:

“D.C. has established a procurement system that is steeped in politics and parochialism, with the checkered history to show for it. The shock would come from an absence of questionable practices and preferential treatment.”

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D.C. Sports Betting Deal is Swirling in Controversy

D.C. Sports Betting mad rush district of columbia

Somehow the notion of having legalized sports betting in this nation’s capital sounds pretty strange. But remember, the federal law against it (the Professional and Amateur Sports Protection Act) has been struck down, and in the mad rush for locales to enact legislation, perhaps it makes perfect sense for the federal district to follow suit.

Well, pretty soon the District of Columbia is going to see it. And when we say “mad rush,” we mean it, as they are racing to beat Maryland and Virginia to the money.

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Why Is This Washington D.C. Sports Betting Deal Swirling in Controversy?

Actually, the law to enable it has passed. But now there is an agreement, recently voted on by the D.C. Council, that brings an official vendor to the table.

And not everybody is happy about it. In fact, quite the opposite.

For one thing, the 7-5 tally approved a sole-source, no-bid contract. So what does that mean? Well, it means that it was awarded to one company and one company only, and without any competitive bidding process. And according to the city officials who have advocated for the eventual result, this solution was most desirable, giving the city the best possible return in the end.

The company that got the $215 million deal is Intralot, a Greek-based outfit that has brought a lot of controversy to the table with it. This is not just a matter of certain conflicts of interest between the company and the elected officials that pushed the arrangement through, but also the nature of the proposal itself.

The legislator who was most aggressive in bringing the deal to Intralot was Jack Evans, a council member who is not only well-connected politically, but also connected, it seems, to Intralot itself.

Evans is at the center of a literal and legal quagmire at the moment. There is a federal probe into alleged corruption on his part, and on Friday the D.C. Council voted to strip him of his position as chairman of the Finance and Revenue Committee, and they have hired a law firm to investigate any misconduct that involved him in his elected position.

FBI Raid On Georgetown Home

There is also a federal probe into his activities (which included an FBI raid on his Georgetown home) in which he may have used his public position for private gain. At the center of this investigation is a relationship in which Evans sponsored a bill to benefit a company called DigiMedia, then was later discovered to have received consulting fees and stock in the company.

He is also suspected of having a rather nefarious relationship with a lobbyist from Intralot, which his critics believe “greased the wheels” for this hasty vote on the no-bid contract.

It is important to note that Intralot will not be opening a sportsbook, but instead offering a “sports lottery” product that is similar to what has been offered in others states and Canada. It will be accessible through an app and a website. Intralot already operates the D.C. Lottery.

Is Real Money Gambling In D.C Unrealistic?

There are many who doubt Intralot’s claims as to what they will “hold” out of the sports betting revenues they are going to generate, which of course impacts what they will give to the district. Words like “unrealistic” and “faulty” are being used often to describe their estimates. And there is fear that if Intralot did indeed launch a product that remotely approached the forecast, it had no hope of being fair to sports bettors.

Ted Leonsis, the forward-thinking owner of the Washington Wizards and Washington Capitals, is jumping right into sports betting, to the extent where he is going to be hosting a sportsbook at his venue, the Capital One Arena. Nats Park and Audi Field will also likely have sports betting establishments. Intralot is not going to be a part of the deal for those places, however. And the legislation expressly forbids betting on colleges that are based in the District of Columbia, such as Georgetown, George Washington, and American University.

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NetEnt and DraftKings Join Forces in New Jersey Online Casino Industry

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Outside of Nevada, the state of New Jersey would have to be considered the most progressive markets for casino gambling. The Garden State was instrumental in bringing legal sports betting to the state level last year. It won a monumental lawsuit against the federal government and a few of the biggest sports leagues in the country. The case went all the way to the Supreme Court which eventually ruled in favor of state’s rights in the matter.

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See How NetEnt and DraftKings Join Forces in New Jersey Online Casino Industry

From that point moving further, New Jersey has aggressively pursued the expansion of online gambling through a regulated market. Furthermore, this follows the opening of several land-based sportsbooks in Atlantic City casino resorts as well as the state’s racetracks for horse betting. The online market for all forms of real money gambling is thought of as the next frontier.

As two of the bigger players in the gaming industry, NetEnt and DraftKings are ready to make their mark in the Garden State. As reported on the company website, www.netentc.om late last month, NetEnt signed a “landmark” deal with DraftKings.

DraftKings Will Have Access To Net Entertainment’s Porfolio Of Games

The main crux of the deal allows DraftKings to offer NetEnt’s portfolio of slots and other casino games in New Jersey. Over the coming weeks, NetEnt’s casino games will be launched and available to DraftKings players.

Erik Nyman is the Managing Director for NetEnt Americas LLC. He was quoted in the release as follows:

“We are very excited to have landed a deal with DraftKings. As the world leader in fantasy sports, with a large player base they will add a new dimension to the market. And we are confident that their players will enjoy our popular games.

Limited Presence In The United States Of America

While NetEnt’s presence in the US is limited, it is growing at a rapid pace. This gaming software developer is a truly global force with recent expansions into numerous regulated markets around the world. It is a logical step to start building its presence in the US market through regulated states.

While real money online casino gambling sites are already open to US players, individual states are looking to get a piece of the action. DraftKings initially partnered with Resorts Casino in Atlantic City to open a land-based sportsbook. Furthermore, this has led to an online application for casino games and sports betting. The company is also licensed by the UK Gambling Commission and the Malta Gaming Authority for expansion abroad.

NetEnt is considered to be one of the pioneers of online gambling. In business for over 20 years, it has become a leading provider of premium gaming solutions to an ever-growing network of casino operators. The company is also licensed and regulated by the UK Gambling Commission.

At the heart of its business model for online gambling solutions is NetEnt’s award-winning game portfolio. A few of the most popular video slot titles include:

  1. Jumanji
  2. Gonzo’s Quest- The Search for El Dorado
  3. Starburst
  4. Mega Fortune
  5. Planet of the Apes

Ultimately, this is just a short list of a game portfolio that sets NetEnt apart from the competition.

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United States Sports Betting Changes With Jay Rood As Chief Risk Officier At Bet Works

united states sports betting chief risk officer jay rood bet works

Bet.works is a US Sportsbook software provider, which people also refer to as a pay per head site. However, Bet Works has a focus on providing the most advanced licensed Sportsbook and IGaming services and technologies in the United States and all over the world. Using a flexible suite of proprietary solutions, they couple these solutions with a sophisticated Sportsbook management service. Recently, some US states legalized sports betting, and a lot of people are looking to get into the industry. They need to get a proper license. However, after someone obtains a suitable online casino and Sportsbook licensed, Bet Works is a great place to manage your players.

About Bet.Works Sports Betting Software

At Bet.works, they provide US-ready solutions to regional, tribal, and enterprise and local clients. Ultimately, they are the only company to have allegedly concurrently been granted 33 certifications and GLI 19. Recently, Lyceum Media announces “BET.WORKS APPOINTS JAY ROOD AS CHIEF RISK OFFICER” in their latest press release. If you are not familiar with JAY ROOD, he is a Las Vegas gaming executive. Also, he is a sports betting veteran.

25 Years In Nevada

It appears that Mr. Rood has a full career in Las Vegas Nevada going back to the early 1990s. In 1992, he starts off working at Caesars in Lake Tahoe. However, he takes a position to oversee the MGM Sportsbook in December 1993. For over twenty-five years, he works for MGM Sportsbooks in Nevada. As the legalization of online gambling expands (2018 PASPA repeal), it appears he starts to oversee the online Sportsbook betting businesses in New Jersey, and Mississippi.

The Legalization Of United States Sports Betting?

Over the next year or two, experts in the online casino industry predict that more than thirty states will offer legal Sportsbooks online. According to the press release, it seems that 16 US states pass legislation. However, another 8 states are waiting to launch legal sports betting. According to Morgan Stanley, they estimate the United States sports betting market brings in over forty hundred billion dollars. Additionally, they estimate over forty-four million United States residents that place real money bets every year.

David Wang is the Chief Executive Officer that establishes Bet.Works. Furthermore, he says “I had the privilege of working with Jay in the past and his 25 years of sportsbook operations will help take the company to the next level.

Jay Rood makes a comment after taking the positon as The Chief Risk Officer at Bet.Works, He says “I am excited to be joining a group of extremely experienced and talented individuals at Bet.Works focusing on servicing the emerging sports betting industry with unique and powerful technology and a team that has extensive knowledge in the US betting market.

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The Gap Continues to Close on Trump Betting Futures

betting odds to win 2020 presidential election

Anyone that has been following the betting props for the upcoming 2020 presidential election already knew that Donald Trump was the favorite to win a second term for the Republican Party. They also know that this race is far from over given Trump’s amazing ability to open his mouth and insert his foot in many of the things he says in a public forum.

The betting public continues to react to Trump’s sometimes unexplainable antics by closing the gap on the lead he once had in three different 2020 election props posted at popular online best online sportsbooks for politics betting.
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The president sill is an overwhelming favorite to win his party’s nod as the Republican nominee in 2020, but he is even losing ground in those betting odds. Once listed as an odds-on -800 favorite, the latest odds have been bet down to -600.

What Are The 2020 US Presidential Election Betting Odds To Win?

Charges of collusion with Russia in the 2016 election along with numerous accusations of obstruction of justice have not quietly gone away as Trump hoped they would. This leaves the door open for Mike Pence as vice-president if for some reason Trump would be removed from office before the 2020 November election. Pence’s odds to win the Republican nomination are now set at +1000 as the second-favorite. These are still long odds, but the value remains in a very fluid situation.

What Are Joe Biden’s Odds To Win The 2020 Election?

Recent polls show Democratic hopeful Joe Biden leading the way in many key swing states for the 2020 election. His recently updated odds to win his party’s nomination are set at +225 with Bernie Sanders still second on the list at +400. Pete Buttigieg is third at +600 odds followed by Andrew Yang and Elizabeth Warren at +700. Kamala Harris enjoyed some earlier traction in this race, but she has fallen off the pace in recent weeks at +800 betting odds. There is still a grocery list of other possible choices on the list, but nobody is making a strong move to join any of the names at the top.

Chances To Win For Mayor Pete Buttigieg?

It looks like it will be a head-to-head matchup between Trump and Biden in the general election. The current president is now offering plus money at +100 after spending most of the year as an odds-on favorite. The former vice-president continues to close that gap as a +350 second-favorite to win. Sanders is third at +800 before the odds start to really fall off to +1200 for Buttigieg.

One of the most telling political props on the board at the best online sportsbook for political betting is for which party will control the White House following the 2020 election. The Democratic Party is now a -170 favorite to win with the Republican Party listed as a +150 underdog.

Not too long along, the Democrats were listed as -120 favorites to take control of the White House in 2020. This could mean that the betting public is losing confidence that Trump can fight off the wolves out for blood between now and November of 2020. It could also point to some growing confidence that Biden can beat the sitting president in a head-to-head matchup in the upcoming presidential election.

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