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Thread: Gambling News

  1. #1
    I think we need a thread on miscellaneous news stories about gambling and/or gamblers. If you see something throw it in here. Billy Walters loses appeal:

    https://www.reuters.com/article/us-u...-idUSKBN1O328K
    "More importantly, mickey thought 8-4 was two games over .500. Argued about it. C'mon, man. Nothing can top that for math expertise. If GWAE ever has you on again, you can be sure I'll be calling in with that gem.'Nuff said." REDIETZ

  2. #2
    Good idea, mickey.

    You know, most Billy Walters stories throw the word "purported" and "reported" around a lot, especially regarding his earnings and net worth. Mr. Walters was very private until a few years ago, and he eventually gave the 60 Minutes interview you posted earlier. Now, while I respect Mr. Walters tremendously, the question I have to ask is, "Why shed the privacy?" Well, two possible answers come to my mind -- either he faced his mortality and decided to come out of the shadows and let people know who he is and what he's about, or things were not going swimmingly lately, and he needed some kind of publicity to garner more investors.

  3. #3
    Maybe to promote an upcoming movie??

  4. #4
    Last edited by MisterV; 12-05-2018 at 10:31 AM.
    What, Me Worry?

  5. #5
    Picked this New York Times sportsbetting story up from WoV:

    https://www.google.com/url?sa=t&rct=...N6EejXSTwdtnN7
    "More importantly, mickey thought 8-4 was two games over .500. Argued about it. C'mon, man. Nothing can top that for math expertise. If GWAE ever has you on again, you can be sure I'll be calling in with that gem.'Nuff said." REDIETZ

  6. #6
    Originally Posted by mickeycrimm View Post
    Picked this New York Times sportsbetting story up from WoV:

    https://www.google.com/url?sa=t&rct=...N6EejXSTwdtnN7

    Great job posting this, mickey.

    Of course, what they won't tell you:

    1) The books are going to data mine your plays. If you win, they will know your tendencies.
    2) Since no organization with actual living humans at the helm is airtight, if someone wins and is data mined, and if people access the tendencies used to win, that information will be co-opted and used by others ("piggybacking").
    3) The major books may share the information across data bases and jurisdictions to try to tease out what were "real plays" and what may have been middle shots.
    4) They want to know about your social relationships so they know who is in partnership with whom. Without this information, and if partnerships exist, the data mining they are doing is worthless.
    5) And finally, can you imagine if someone won, say, 75% of their plays one season and the data mining revealed no tendencies? What do you think would be the conclusions ? And can you imagine, furthermore, if all of the plays involved just two or three college teams? What conclusions then?


    Now, they can cloak all of their eye-spying in language that it's "to prevent cheating" and all that. The truth is, it's to X-ray winning. The claim is they are doing it to ensure honesty at every turn. LOL. Draftkings and fanduel were two of the most dishonest enterprises on the planet. Maybe they still are.


    My job is to frustrate data mining at every turn. And I happen to be very good at specifically that. People can cross reference me from here to Neptune, and they are not going to be able to data mine me. Billy Walters was very good at that. I think I might be better.

    The bottom line: your privacy is yours. If they want to X-ray your decision-making, give them a hard time and have some fun with it.

  7. #7
    Redietz, you're doing a great job of explaining this stuff. Please keep it up. Here's an ABC News story I picked up this afternoon:

    Won and done? Sportsbooks banning the smart money....

    https://www.google.com/url?sa=t&rct=...jrqQrDHvn6vPL6
    "More importantly, mickey thought 8-4 was two games over .500. Argued about it. C'mon, man. Nothing can top that for math expertise. If GWAE ever has you on again, you can be sure I'll be calling in with that gem.'Nuff said." REDIETZ

  8. #8
    Funny the AC surveillance guy is named Kevin Duffey. It’s not spelled the same but RE knows who I’m talking about. Old time Scamdicapper from the late 80’s and 90’s.

  9. #9
    Originally Posted by The Boz View Post
    Funny the AC surveillance guy is named Kevin Duffey. It’s not spelled the same but RE knows who I’m talking about. Old time Scamdicapper from the late 80’s and 90’s.
    Yes, I do. Good name catch, Boz.

    For those who don't get my Draftkings/Fanduel denunciation, the NYTimes did an expose a few years back. Basically, people working at both companies (before they merged) swapped info on the demographics of players taken, and circumvented rules against playing where employed by simply having Fanduel employees play at Draftkings and vice versa. It was insider trading at its finest applied to fantasy betting.

    In addition, the companies kind of kept under wraps how a few mega-partnerships were pumping thousands of coordinated entries into most contests, resulting in 1% of the players winning 50% of the available money. All of this stuff was exposed, and the companies were sued, and eventually they agreed to ban inter-company play and were forced to offer single-entry contests as an agreement to stay in business. The majority of the offered contests are still unlimited entries, which means mega-partnerships dominate them and the little guy has no chance, but at least SOME of the contests are single entry or have 10 to 20 entry limits.

    So these guys claiming the moral high road is like the mob in the movie "Casino" throwing out cheats.


    P.S. Speaking of old time handicappers, I stumbled across an old copy of "Who's Who in Sports Gambling" from 1984. Coach belly had remarked that people pay to be in "Who's Who," and frankly I did pay something very modest (like $75) to be in this Rick Hall publication, but the total amount he was paid was just a fraction of the cost of publishing it. I didn't want to defend the publication to belly or anyone without having a copy in front of me, but now that I have read parts of it again, I see why I was in it. Rick Hall had become fed up with high profile scamdicappers like Mike Warren at the time, and offered inclusion to just a few dozen people he knew had both good track records handicapping and business practice-wise. Most of the people in "Tipsters or Gypsters?" were offered a spot. Hall was not a real good writer, and probably a worse editor, but his heart was in the right place. I filled out a bio sheet and then fielded some additional questions via phone, and passed muster to be in the publication. When I get some down time, I'll take shots of the cover and Hall's intro and post them here.
    Last edited by redietz; 12-05-2018 at 09:37 PM.

  10. #10
    This guy, Captain Jack Andrews, followed me on twitter a few months ago so I followed him back to see what he was about.

    Here's his bio sketch at Las Vegas Adviser:

    https://www.google.com/url?sa=t&rct=...WNUr2wYCtkWY3C

    He's been writing a lot about sportsbetting legalization across the country:

    https://www.google.com/url?sa=t&rct=..._2e--rK5XL0esA
    "More importantly, mickey thought 8-4 was two games over .500. Argued about it. C'mon, man. Nothing can top that for math expertise. If GWAE ever has you on again, you can be sure I'll be calling in with that gem.'Nuff said." REDIETZ

  11. #11
    Originally Posted by mickeycrimm View Post
    Redietz, you're doing a great job of explaining this stuff. Please keep it up. Here's an ABC News story I picked up this afternoon:

    Won and done? Sportsbooks banning the smart money....

    https://www.google.com/url?sa=t&rct=...jrqQrDHvn6vPL6
    OK we know how much you going nowhere but to casinos/one track mind single guys love each other. However, this article about a sports bettor's ban list is a bit confusing, and I need an expert here.

    I get that winners are sometimes banned from playing the game they are good at--because they win. But a SPORTS BETTING ban list? Makes no sense. So you get banned....this isn't blackjack or slots. How easy is it to just send a friend or relative in with your money to place the bets for you? In fact, I do that every week myself right now.

  12. #12
    Originally Posted by Rob.Singer View Post
    Originally Posted by mickeycrimm View Post
    Redietz, you're doing a great job of explaining this stuff. Please keep it up. Here's an ABC News story I picked up this afternoon:

    Won and done? Sportsbooks banning the smart money....

    https://www.google.com/url?sa=t&rct=...jrqQrDHvn6vPL6
    OK we know how much you going nowhere but to casinos/one track mind single guys love each other. However, this article about a sports bettor's ban list is a bit confusing, and I need an expert here.

    I get that winners are sometimes banned from playing the game they are good at--because they win. But a SPORTS BETTING ban list? Makes no sense. So you get banned....this isn't blackjack or slots. How easy is it to just send a friend or relative in with your money to place the bets for you? In fact, I do that every week myself right now.

    Rob, try to keep up.

    I have mentioned in a couple of previous posts, which you read, that the NGC would not be happy with your posts here. They really wouldn't give a rat's ass due to the modest bet sizes, but publicly they wouldn't be happy with the posts.

    Second, I have mentioned that the NGC put some formal rules in place to slow Billy Walters down a bit. I asked if people knew what they were. Evidently you do not.

    If you worry about little things like the feds snooping around you and yours, it might be a good idea to ask Dan to erase most of the "Singer Five" postings. If you don't worry about the feds, then carry on.


    You know when you think somebody has some knowledge about stuff? And then they say a few things about your personal expertise? And they are so far off base that it makes you scared that you actually thought they might know what they were talking about regarding other topics? This is one of those moments.

    By the way, I'm being a little bit snarky, but I'm doing you a favor. And if you had simply processed what I posted previously, I would have done you a large favor. And also, by underlining this, mickey did you a favor, too. Kumbaya.
    Last edited by redietz; 12-06-2018 at 01:31 PM.

  13. #13
    Also, while I'm at it, let me mention that if Mr. Mendelson had caught me or kewlJ or mickey crimm breaking some stupid casino-favoring federal laws or dumb-ass NGC rules and regs (I don't really want to call them "laws"), you can bet Mr. Mendelson would have been all over pointing that shit out at first opportunity. But when Rob breaks some legal china, Mr. Mendelson stays silent. Really poor discriminatory reporting, and doing Rob no favors, might I add.


    And, to meld irony to insult, the fact that I previously stated that I do not believe Rob actually made the wagers -- well, it works in Rob's favor in a legal sense. I think it's all make believe, and I think any reasonable person investigating the matter might come to that conclusion, also.

    One never really knows who one's friends are, eh?

  14. #14
    "More importantly, mickey thought 8-4 was two games over .500. Argued about it. C'mon, man. Nothing can top that for math expertise. If GWAE ever has you on again, you can be sure I'll be calling in with that gem.'Nuff said." REDIETZ

  15. #15
    ESPN article, What U.S. Leglization Means to Offshore Sportsbooks

    https://www.google.com/url?sa=t&rct=...lPvYCuuuggKUIn
    "More importantly, mickey thought 8-4 was two games over .500. Argued about it. C'mon, man. Nothing can top that for math expertise. If GWAE ever has you on again, you can be sure I'll be calling in with that gem.'Nuff said." REDIETZ

  16. #16
    Originally Posted by redietz View Post
    Originally Posted by The Boz View Post
    Funny the AC surveillance guy is named Kevin Duffey. It’s not spelled the same but RE knows who I’m talking about. Old time Scamdicapper from the late 80’s and 90’s.
    Yes, I do. Good name catch, Boz.

    For those who don't get my Draftkings/Fanduel denunciation, the NYTimes did an expose a few years back. Basically, people working at both companies (before they merged) swapped info on the demographics of players taken, and circumvented rules against playing where employed by simply having Fanduel employees play at Draftkings and vice versa. It was insider trading at its finest applied to fantasy betting.

    In addition, the companies kind of kept under wraps how a few mega-partnerships were pumping thousands of coordinated entries into most contests, resulting in 1% of the players winning 50% of the available money. All of this stuff was exposed, and the companies were sued, and eventually they agreed to ban inter-company play and were forced to offer single-entry contests as an agreement to stay in business. The majority of the offered contests are still unlimited entries, which means mega-partnerships dominate them and the little guy has no chance, but at least SOME of the contests are single entry or have 10 to 20 entry limits.

    So these guys claiming the moral high road is like the mob in the movie "Casino" throwing out cheats.


    P.S. Speaking of old time handicappers, I stumbled across an old copy of "Who's Who in Sports Gambling" from 1984. Coach belly had remarked that people pay to be in "Who's Who," and frankly I did pay something very modest (like $75) to be in this Rick Hall publication, but the total amount he was paid was just a fraction of the cost of publishing it. I didn't want to defend the publication to belly or anyone without having a copy in front of me, but now that I have read parts of it again, I see why I was in it. Rick Hall had become fed up with high profile scamdicappers like Mike Warren at the time, and offered inclusion to just a few dozen people he knew had both good track records handicapping and business practice-wise. Most of the people in "Tipsters or Gypsters?" were offered a spot. Hall was not a real good writer, and probably a worse editor, but his heart was in the right place. I filled out a bio sheet and then fielded some additional questions via phone, and passed muster to be in the publication. When I get some down time, I'll take shots of the cover and Hall's intro and post them here.
    Good ole Mike Warren. When I moved to Massachusetts in 1984 I did some serious sports gambling for four years. I had a few buddies in on the action for Warren and a tout sheet called Professor P (not affiliated with Warren). The tout sheet was excellent. The sheet would give the opinion of numerous games and if the betting spread was ultimately 6 points or more from his prediction, you bet it. Basically, you average three or four games per week. Never had a losing year with the sheet.

    Mike Warren may have been the biggest name at that time with Jim Feist. Warren was not bad, but jeez, gold level, silver level, Monday Night picks, there were so many different options, it was a pain in the ass. Obviously, by mid season he would proudly advertise the system that was doing well. Heck, with 10 different options, something had to be above average.

    Anyhow, his big claim was the Lock of the Year. When the pick came out it would change the line a minimum of three points. He nailed his first three locks when I had the service. His fourth lock lost by a point or so. He claimed victory as he used the spread that was given on Thursday’s before his pick changed the line.

    The funny thing was in 1986 when he chose Boston College over Holy Cross, two local teams in my backyard. BC was favored by 17 to 21 points or so. Holy Cross was 10-0 with Geordie Lockbaun. The game was at Holy Cross and the field was a mud pit due to a snow storm a few days before. Anyhow, Holy Cross takes a 14-0 lead out of the gate. Unbelievable. Ultimately, BC won by 30 points. Yes, Warren won his Lock of the Year but he had the audacity to state that those customers that called him to bitch in the first quarter are meaningless and should just cancel from his service, he does not need them. There was no offer for a refund.

    Thanks Red for mentioning a name that I can relate to.

  17. #17
    Originally Posted by redietz View Post
    Also, while I'm at it, let me mention that if Mr. Mendelson had caught me or kewlJ or mickey crimm breaking some stupid casino-favoring federal laws or dumb-ass NGC rules and regs (I don't really want to call them "laws"), you can bet Mr. Mendelson would have been all over pointing that shit out at first opportunity. But when Rob breaks some legal china, Mr. Mendelson stays silent. Really poor discriminatory reporting, and doing Rob no favors, might I add.


    And, to meld irony to insult, the fact that I previously stated that I do not believe Rob actually made the wagers -- well, it works in Rob's favor in a legal sense. I think it's all make believe, and I think any reasonable person investigating the matter might come to that conclusion, also.

    One never really knows who one's friends are, eh?
    All you do is add to the expectations about how strange you are when you post raps such as this.

  18. #18
    The Proposed Federal Bill on Sports Wagering:

    https://www.google.com/url?sa=t&rct=...yUFao6MBSWmvxT
    "More importantly, mickey thought 8-4 was two games over .500. Argued about it. C'mon, man. Nothing can top that for math expertise. If GWAE ever has you on again, you can be sure I'll be calling in with that gem.'Nuff said." REDIETZ

  19. #19
    "More importantly, mickey thought 8-4 was two games over .500. Argued about it. C'mon, man. Nothing can top that for math expertise. If GWAE ever has you on again, you can be sure I'll be calling in with that gem.'Nuff said." REDIETZ

  20. #20
    The 5 Biggest Gaming Stories of 2018:

    https://www.google.com/url?sa=t&rct=...2Hhh0kfqvPgy-r
    "More importantly, mickey thought 8-4 was two games over .500. Argued about it. C'mon, man. Nothing can top that for math expertise. If GWAE ever has you on again, you can be sure I'll be calling in with that gem.'Nuff said." REDIETZ

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