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Weighing the Odds in Sports Betting
by King Yao
Book Picture
Weighing the Odds in Sports Betting consists of 23 chapters, many tables and a minimum of mathematical equations. The book discusses some of the most vital areas old pros ponder and beginners often misunderstand: why lines move; scalping and middling; hedging and hedge mistakes; parlay cards; first half betting; and the ever popular Super Bowl props. Included is material on money lines; removing pushes; the half-point and push percentage; money management; parlays; teasers; market value in sports bets; estimating the expected value of a hedge; avoiding hedge mistakes; hedging the second half. The discussion on betting NFL team wins and what to look for in parlay cards is valuable; those interested in office pools will find an edge as well. About 15 pages on basketball betting; eight on NFL totals. Packed with advice that examine the impact of returning starters in college football for example and the best time to bet, plus avoiding traps. Something for everyone including how to find a line service and the good and bad side of Internet forums and who’s got value in the print or electronic media.
Read a review of Weighing the Odds in Sports Betting

Maine's Hollywood Slots Adds Video Poker to the Mix

Saturday, December 24, 2005

BANGOR, Maine – as reported by the Bangor Daily News: “Hollywood Slots has become Maine's only commercial establishment to offer video poker, marking what could be the first of other new games of chance at the Main Street racing casino.

“Its owner, Penn National Gaming Inc., notified state officials last week of the plan to add the game to 10 machines in response to customer requests.

“‘It's doing well, the games are busy,’ Hollywood Slots General Manager Jon Johnson said Thursday.

“State law permits Hollywood Slots to operate video poker and any other game of chance on its 450 machines, with some limits, so games such as blackjack could be on the way soon.

“When the state's racino law was signed in 2001, it legalized operation of slot machines that are more versatile than the traditional one-armed bandits. The newer machines can be programmed to run a variety of games of chance, either through insertion of a microchip or by directly downloading the games into each machine's hard drive.

“The law defines a slot machine as any device that returns a payoff, including cash or credits, to a player who inserts money or a token to play a game of chance. To operate legally, the machine must be independently tested, then hooked into a central monitoring system.

“…One major stipulation is that all games must provide an annual average return to players of at least 89 percent, Welch said.

“…Video poker that gives the player a payoff had been illegal in Maine before the 2004 signing of a state law which allows commercial tracks to operate slot machines. Nonprofit groups, such as fraternal organizations, can offer the game only for amusement or as a fundraiser.

“The video poker games at Hollywood Slots are available in 25 cent and $1 denominations. The game will be added to more machines if it proves popular with customers, Johnson said….”


Penn National Gaming
825 Berkshire Boulevard
Suite 200
Wyomissing, PA 19610
Phone: (610) 373-2400
Fax: (610) 373-4966
Penn National Gaming owns and operates casino and horse racing facilities with a focus on slot machine entertainment. The company presently operates sixteen facilities in thirteen jurisdictions including Colorado, Illinois, Indiana, Iowa, Louisiana, Maine, Mississippi, Missouri, New Jersey, Ohio, Pennsylvania, West Virginia, and Ontario. In aggregate, Penn National's facilities feature over 18,600 slot machines, nearly 400 table games, almost 1,200 hotel rooms and approximately 565,000 square feet of gaming floor space.
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