BetMayor is MIA

Posted by on 01 Jul 2015 | Tagged as: OffShore Insiders

Almost as soon as the doors opened on Monday we started getting pinged on our chat and called on our phone lines. BetMayor.eu was MIA. No one answering the phone. No one on chat. Emails to customer service bounced. And no website to login to. That is because players received a message that their account had been disabled and players were unable to login.

Jeff Cash, who told us and many players that payments would start to be sent in the first week of July, is no longer at the book, which is ironic, as he was one of the original owners of BetMayor. Jeff basically talked a good game for several months, including spinning stories of theft and mergers and selling his portion of the business. The principles tried to keep the book alive until football season, when hopes of a profitable football season would spring eternal and all players would be getting paid back, or lose the money they had in their accounts.

But the bottom line is that without his former partners, the sportsbook simply ran out of money before football season came.

We did get a response from Jeff. He claims that his former partner, Andrew, and top sales clerk, Kennedy, now of CRSportsbet “stole all the money”. He also is holding to the story that the mysterious Media Tech pulled out of the deal to buy/merge with BetMayor. Simply put, poor risk management occurred in which players simply won way too much money for such a small operation to absorb, PLUS chargebacks from players who were waiting to get paid, PLUS former partners poaching the business all add up to a now-defunct sportsbook.

We understand that the amount owed to players is not even close to the seven figures everyone imagines and, at one time, there was a decent amount of active accounts playing at BetMayor. Jeff is going to try to find a bailout, but we are not optimistic. If he does, it would erase another black-eye on sportsbooks in Costa Rica.

One thing is for sure, the rule of playing at new books, with no track record; places that literally have a website and a list, have ZERO chances of making it in a country where Elite-rated sportsbooks like 5Dimes, BookMaker, YouWager and other giants exist. And really, there is NO GOOD REASON, for anyone to patronize ANY new book in Costa Rica, not right now, and probably not ever.

We will have more on this story in the coming days. So stay tuned to OSGA.com.

New Pennsylvania online gambling bill sets its sights on PokerStars

Posted by on 18 Jun 2015 | Tagged as: The Rumor Mill

A new online gambling bill in Pennsylvania, the first one sponsored by the Senate in the state, contains rules that could be looking to attract “bad actors”, operators such as PokerStars. To date all state online gambling bills such as the ones in New Jersey and Nevada have a bad actor clause that looks to exclude operators which took bets from U.S. citizens in the past and the majority of tribes in California seem adamant that a similar clause must be included in any bill that is introduced in that state. The new bill in Pennsylvania does not have that clause. As such it could be an opportunity for the state to try and entice companies like PokerStars to apply for a license there, should they be unable to attain one in neighboring states, particularly New Jersey.

Bill SB900 is sponsored by Senator Kim Ward and co-sponsored by Senators Robert Tomlinson, Elder Vogel and Joseph Scarnati. John Payne, chairman of the House Gaming Oversight Committee, is advancing a companion bill in the House titled HB649.

The full text of the bill can be found here, although the rules for online gambling don’t begin until Section 13B. While the rules have the usual conditions relating to ensuring the fairness of the games and underage gambling (there is actually a rule indicating they can’t market to anyone under 21 years of age) there are some interesting provisions in the bill that could raise some concern.

First, the rules require a licensee to have a physical gambling location (similar to New Jersey) and hold a permit for slot machines and table games. While this could be a concern for a company like PokerStars that doesn’t have a physical location, they would more than likely try to partner with an existing company, like Parx or one of the many racetracks in the state, such as The Meadows or Presque Isle Downs. The permit fee is $10 million up front for a 5 year online license and a $1 million annual renewal fee thereafter. As such, casinos would probably welcome the help from a place like PokerStars to pay the fee. In addition, an existing operator would certainly welcome a brand name like Poker Stars knowing that alone would entice customers.

Second there is a requirement that registration and first deposits must be made at the entity’s physical location, although players could deposit on the website or at another gambling facility if they live more than 20 miles from a licensed facility. While this may not seem like a big deal, it could dissuade many bettors who can’t be bothered driving to a racetrack or casino just to fill out forms. New Jersey noticed this concern originally and enrollments only increased when ways to sign up became easier.

Third and without doubt the biggest sticking point is the enormous tax rate that the bill requires namely 54% of gross revenues. That rate may be unworkable for many companies particularly when the permit fee is factored in as well. In comparison, New Jersey only has a 15% tax on gross yield, which is effectively net revenue after costs are paid out, and Nevada only taxes online gambling at 6.75% of gross revenue. And in the UK, the laws there only require a tax of 15% tax on gross profits. Pennsylvania currently taxes land based casinos 55% of gross revenue on slot machines and 16% on table games.

PokerStars has stated that they expect to be operating in New Jersey by the 3rd quarter of this year (partnering with Resorts Casino) but there is still a belief that they are being stonewalled by other casino operators who don’t want the competition as well as by Governor Chris Christie. And as long as Christie is governor, and possibly taking marching orders from his friend and huge Republican backer, Sheldon Adelson, many believe the license will never happen. Christie denies he is stonewalling PokerStars, but several sources have told me that Christie has indicated in private that he doesn’t want PokerStars there under his watch. If they indeed are being blocked from operating in New Jersey by Christie or any other entity, and if they continue to be blocked by California tribes, who have indicated they still consider PokerStars a bad actor regardless of the ownership change, then Pennsylvania may be PokerStars best chance and quickest entry into the legal online poker market in the U.S. And make no mistake about it – a large portion of the gamblers in Atlantic City live in Philadelphia anyway, so this may be an even better opportunity for them, particularly since they won’t have the same amount of immediate competition that they do in New Jersey.

The consensus seems to be that the impetus for the bill will be at the end of June, when the budget meetings take place. and there is some hope that when legislators see the $100 million in upfront permit fees from current land based operators in the state, it may be too much for them to pass up.

Poker Stars’ lobbyists, no doubt, are working overtime in PA right now. We won’t have to wait long to see if the push from Stars gets this bill passed . . . without any “bad actor” clauses.

Contact Hartley via email at hartley[at]osga[dot]com.

Read insights from Hartley Henderson every week here at OSGA and check out Hartley’s RUMOR MILL!

Deflategate affects Patriots’ NFL Super Bowl Odds

Posted by on 13 May 2015 | Tagged as: Bets and More

The overblown scandal, Deflategate, has changed the odds of the New England Patriots returning to the Super Bowl, due to the suspension imposed by the NFL on Super Bowl MVP Tom Brady. No matter whether you love or hate the Patriots, Brady is one of the top quarterbacks of all-time and despite this nonsense, he will be heading to the Hall of Fame. But according to posted Super Bowl Future Odds, the Patriots now face a tougher road to Super Bowl 50 without him for four games. However, after reviewing several online sportsbooks, we are not seeing any knee-jerk reactions from oddsmakers.

Elite-rated Bovada had the Patriots as the second favorite on the board to return to the Super Bowl at 7-1 odds just last week. But the Patriots now sit behind the Green Bay Packers (7-1) and Indianapolis Colts (8-1), in addition to the overall favorite NFL Super Bowl future oddsSeattle Seahawks (11/2), at odds of 10-1 in the NFL futures betting odds. Irish bookmaker and industry-giant Paddy Power however, has moved their number very little, leaving the Patriots at 7.5-1 and keeping them as the favorite to win the AFC Championship at 7-2. Still, most U.S.-facing online sportsbooks and the casinos in Las Vegas all have taken the Deflategate bait, despite the fact that Tom Brady is sure to appeal his current four-game suspension.

Kevin Bradley, Sports Book Manager at Bovada said, “Until we know if Tom Brady appeals his suspension, which is likely, and then the result of the appeal we are not over-adjusting too much on the Patriots odds. Their Super Bowl odds only went from 7/1 to 10/1 and they remain the second favorite behind the Colts in the AFC and are still the favorites in the AFC East. So despite all the hype, it did not affect our odds as much as one would have expected.”

Odds to win the 2016 Super Bowl
Seattle Seahawks   11/2
Green Bay Packers   7/1
Indianapolis Colts    8/1
Dallas Cowboys      10/1
New England Patriots 10/1
Denver Broncos       11/1
Philadelphia Eagles  18/1
Arizona Cardinals    25/1
Baltimore Ravens    25/1
Pittsburgh Steelers  25/1
New York Giants     28/1
Buffalo Bills           33/1
Cincinnati Bengals   33/1
Detroit Lions          33/1
Kansas City Chiefs  33/1
Miami Dolphins       33/1
New York Jets         33/1
San Francisco 49ers  33/1
St. Louis Rams       33/1
Atlanta Falcons      40/1
Carolina Panthers    40/1
New Orleans Saints  40/1
Chicago Bears         50/1
Houston Texans      50/1
Minnesota Vikings    50/1
San Diego Chargers   50/1
Oakland Raiders      66/1
Cleveland Browns     75/1
Tampa Bay Buccaneers 100/1
Washington Redskins   100/1
Jacksonville Jaguars    200/1
Tennessee Titans        200/1

NFL futures for total team wins by the Patriots has seen very little change in the number at Bovada, dropping just a half game. Added Kevin Bradley, “Their win total, that I would have opened at 10.5, is only down half a win to 10.” However, many of the online sports betting giants like 5Dimes and BetOnline have simply taken New England off the board for now.

Everyone seems to think that Brady will appeal the suspension and get it down to maybe two games, but in the betting arena, the Patriots are obviously more than just Tom Brady. But, if Brady does have to sit out the first four games and Jimmy Garoppolo is forced fill in as the Patriots starting QB, it is hard to believe that the Pats will be better than 2-2 upon his return. In the end, all of this hype and nonsense could make for a nice NFL future bet.

As a side note Bovada is the only sportsbook with a Brady proposition bet right now. They have a wager on the length of the suspension, should Brady appeal. Current odds favor no change to the four game suspension, even in the face of appeal. Bovada’s odds are below.

If Tom Brady appeals his Suspension what will the initial result of the appeal be?
Remains a 4 game Suspension 11/10
3 game suspension     4/1
2 game suspension     7/5
1 game suspension     7/1
No game suspension   10/1

Royal Baby Betting: Odds Favor a Girl

Posted by on 23 Apr 2015 | Tagged as: Bets and More

Bookmakers in the UK were probably salivating when the news came out that Prince William and Kate Middleton were going to have another baby. The news was followed by online bookmakers offering odds on the Royal baby’s birth. And currently there are odds up for everything from the sex and name to the date and weight of the latest Royal.

Royal baby betting is no joke. UK books like Ladbrokes and William Hill have had odds up for months and Irish bookmaker Paddy Power and others have even go so far as to put “Royal Baby Betting” on their main wagering menu. Rumors abound that Kate is expected to go into labor any day now, so odds have been cut dramatically on the Royal baby being born over the weekend. UK bookmakers have slashed the number down to less than 10-1 for any day between now and Monday, with Friday being the favorite at 3-1 (+300).

The couple haven’t found out if they’re having a boy or girl but an overwhelming number of bets have been placed on a girl. In the “Name of Will & Kate’s Second Child” prop bet, Charlotte was the early betting favorite at 4/1, as rumors swirled that Kate was going to name their first baby girl after the middle name of her sister, Pippa. But, bettors now think she will be called Alice and have bet that name down to anywhere from 5/4 at Bet365 to 2-1 at 888 and 32Red. Charlotte is still the second choice of bettors at anywhere from 4-1 to 6-1.

Bovada.lv is the only U.S.facing sportsbook we could find that lists Royal baby betting odds. They have female listed right now at 1-2 (-200) and the favored name of Alice sits at 9/5 (-180). Other popular girls’ names are Charlotte at 6/1, Victoria at 10/1, Diana (for obvious reasons) 12/1 and Alexandra at 14/1. Arthur is the top choice for a boy’s name and is currently listed at 8/1 and Phillip is listed next at 20/1.

UK bookmakers saw millions in action when the couple had their first child in 2013. Bookies said at that time that the birth of the first child to William and Kate was the biggest novelty (non-sporting) market of all time. Back then Alexandra (7/4), Charlotte (5/1) and James (8/1) topped the odds but most smaller bets came in on Diana. Royal Baby gamblers got a surprise when the birth was announced: an 8-pound, 6-ounce baby boy. But they did nail the name for a boy as George was the favorite “from day one” and closed at 2-1.

The good thing about Royal baby betting is that there are odds offered right up until the birth. When George was born William Hill reported over £50,000 worth of bets on the name after Kate went into labor!

Bet on the birth of the Royal Baby at Bovada, who has provided the odds for the child’s name below.

Royal Baby 2 – What will Will and Kate name their 2nd baby?

Alice        7/4
Elizabeth   6/1
Charlotte   6/1
Victoria    10/1
Alexandra  14/1
Arthur      14/1
Diana       16/1
Mary       16/1
Phillip      18/1
Catherine    20/1
Albert        25/1
Charles       25/1
James        25/1
Margaret     25/1
Frances       28/1
Richard      28/1
Caroline     33/1
Francis      33/1
Henry       33/1
Isabella     33/1
William     33/1
Alfred      40/1
David       40/1
Grace       40/1
Sophie      40/1
Spencer    40/1
John         50/1
Frederick   66/1
Georgina   66/1
Michael    66/1
Oliver       66/1

OSGA Announces Winners of 2015 NCAA Tournament Challenge

Posted by on 07 Apr 2015 | Tagged as: Promotions

Well the madness is over and what a great championship game it was!!! It is time to crown the winner of the 2015 OSGA NCAA Tournament Challenge.

‘jakesbombers’ took the lead during the Elite 8 round and did not relinquish it, despite having Wisconsin as his NCAA Champion. He finished in 1st place with 135 points to take the Grand Prize of $250 courtesy of OSGA. Unfortunately for ‘jakesbombers’ he is not an OSGA member or he could have collected double the prize and received a check for $500!

So many players picked Kentucky, that this contest was wide open once the ‘Cats lost in the Final Four. Ironically the 2nd place finisher also had Wisconsin in the Final. “Hold em’ managed to get 131 points for the 2nd place prize – a $250 Free Play from Elite–rated BetOnline. The top prize for a player who picked Duke went to third place finisher “DueTime’. “DueTime ended up with 128 points, good enough for a $100 Free Play from BetOnline.

In all only 7 players had picked Duke to win it all and places 4 and 5 were awarded to more winners who had Wisconsin. ‘tonky’ placed 4th with 125 points and ‘tmoore’ ended up with 120. Neither player is an OSGA Member and thus they get the 1X prizes or $75 and $50 respectively.

It really got interesting for the standings once we got to 6th place. Places 6 and 7 were tied with 119 points. Then the next several spots were all tied with 115 points. This meant that places 8-12 were also tied, and though the stated contest prizes were only available to places 1-10, our excellent sponsor, BetOnline, decided to give the same prizes for places 6 through 10 to the 11th and 12th place finishers as well. All players are eligible for a Free ‘no strings attached’ $25 bet at BetOnline.ag.

For bragging rights, ‘beastmodejr’ and ‘Dawk20’ tied with 119, but ‘beastmodejr’ was closer to the final score of the championship game, the 1st tie-breaker. Both players had Duek as their champion and both are eligible for the $25 free bet at BetOnline. “Dawk20’, a regular in the OSGA contest offerings, ‘colem65’, ‘mike191’ and ‘irbyjenn’ each had 115 points and are also eligible for the free $25 bet.

This was the 14th year for the OSGA NCAA Basketball Challenge and again this year the standings flipped and flopped from day-to-day and even game-to-game. We enjoy bringing these contests to everyone, but wish we had seen an OSGA member cash-in with one of the biggest benefits of membership, 2X prizes in all of our contests. We also want to thank one of the longest supporters of our free contests, BetOnline, who not only does a great job for bettors, but for our contests as well.

Players should check back often for more free contests and we urge players to enroll in our annual football contests come September. In 2015, OSGA is committed to offering more contests, with more great prizes for all members, fans, friends and visitors.

Final Four brings the conclusion of the OSGA NCAA Tournament Challenge

Posted by on 03 Apr 2015 | Tagged as: Promotions

The NCAA Final Four takes place on Saturday and marks the beginning of the end of the 2014-2105 college basketball season. It also signals the final two days of the OSGA NCAA Tournament Challenge. Right now ‘jakesbombers’ leads the field with a whopping 103 points. Like most of the other top players on the leader board, ‘jakesbombers’ has the entire Final Four correct, but unlike many of the closest competitors, he has Wisconsin winning it all.

‘Alex’ is right behind the leader with 102 points, but does not have the entire Final Four correct, listing Gonzaga as one of his choices.

Five players are tied for 3rd place heading into the Final Four with 99 points. What is shocking is out of these five, only ‘mike191′ and ‘DAllas12′ have Kentucky winning it all. ‘teresad’, who has led for much of the tournament, is currently tied for 9th with ‘stacyca’ and both still have a shot at the Grand Prize of $250.

Remember, the OSGA NCAA Tournament Challenge, hands out prizes to the Top 10 places. Elite-rated BetOnline is the lead sponsor of the contest and they will be handing out 2nd and third place prizes, betting accounts with low rollovers and a minimum deposit. They also will be giving out $25 free bets to places 6-10, which are still wide-open.

Best of luck to everyone who entered the 14th annual OSGA NCAA Tournament Challenge. And, good luck to Michigan State, Duke, Wisconsin and Kentucky and everyone who has open wagers on them!

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