Opinion

Gov. J.B. Pritzker and the Illinois Gaming Board issued conflicting guidance last week on mobile sports betting.

Latest offering seems inclusive, but tribes don't want to give up exclusivity or allow mobile sports betting.

The handle was going to be through the roof, the parties were all sold out, and the books were going to be buzzing. Then, it happened.

As the league begs for money to protect integrity of the game, it shows true colors.

The Penguins’ tweet makes us ask, has the NHL and the Penguins, drunk on the hunt for engagement, gone a bit too far? 

Tribal gaming operations have a huge presence in some of the most populous states. Legal sports betting, now quickly expanding in the U.S., presents various issues, which we now explore. For now, there is no united tribal front on question of sports wagering.

For most casual sports bettors, making a bet on a game has less to do with careful analysis and seeking the best value for their bet and more to do with simply wanting to increase their excitement and interest in a particular game. For the professional sports bettors, enthusiasm for a game is a distraction while they are gathering and studying information looking for advantages where the book has a...

Profits in any casino game comes from the volume of activity in the category of the wager. Sounds profound, but the principle is simple. Let’s say one person makes one bet of $100,000 on a casino game that has a 5 percent casino advantage. With one bet, the bettor either wins or loses $100,000 conversely the casino either wins or loses $100,000. However, if 2,000 people each make a $5...

Many of the jurisdictions that followed Atlantic City into the world of legalized gaming did so on the premise that casino-style gaming would promote tourism, create jobs and of course throw tax dollars into the respective state’s treasury. Sounds good and makes sense so why not. No surprise, the formulae worked, employment increased, communities flourished and gambling that to be considered a sin morphed into entertainment. All was right with...

One of the favored bets by those of us who treat sports betting as if it were stock trading, is the futures bet. While as a standalone bet a sports futures wager is generally a sucker bet with the books generally targeting a comparably high hold (win) percentage on that pool of wagers, for the investment minded folk they are a beautiful bet-hedging tool. From the sportsbook’s perspective the ideal...