VSIN

Re: VSIN

If VSiN's business model were built on an imminent roll out of nationally available interstate online sports betting, that would not be a good strategy.

Even if PASPA is overturned in the New Jersey case, it's the Wire Act that prohibits legal betting across state lines. So if New Jersey wins, they can have in-state wagering, even mobile in-state wagering like Nevada. But no one, including Nevada, can have legal betting across state lines, regardless of PASPA. Because of the Wire Act. So no legal national betting with a Las Vegas hub per the New Jersey decision, however this comes out.

Repealing the Wire Act of course literally would take an Act of Congress, those guys who can't do anything, anything good anyway. There would be a whole host of right-wing bible-thumping do-gooders, left-wing nannystaters ("we have to protect the children"), and some but not all casino interests (short-sighted Sheldon Adelson) joining together to fight that repeal. And as the ObamaCare repeal "effort" shows, it's far easier to play defense than offense in Congress, where inertia rules the day.

We may be on the cusp of legal Nevada-style sports betting in multiple states, including in-state mobile apps. As soon as 2018, if Jersey wins. Maybe thereafter if not, depending on Congress.

But we're nowhere near nationally legal online sports betting with an interstate app on your phone. Repealing the Wire Act to allow anyone anywhere in the country to bet on their phone (I know, it makes too much sense) is a much taller order than repealing PASPA (if the Supreme Court rules against Jersey) to allow states to determine whether they will have legal in-state sports betting within their own borders.
 
Re: VSIN

Banking on something happening in "a matter of time" while burning cash in the meantime is not necessarily a viable business model, as they found out when the dot.com boom busted. A lot of the dot.com's were "right" as to what the internet ultimately would be. But they were wrong in terms of having a viable business model. As they say in the financial markets, the only difference between being early and being wrong is that there is no difference.

Not saying that that's VSiN's business model, but was responding to the suggestion that it was.
 

MrTop

EOG Master
Re: VSIN

from where VSIN started their power rating went up for sure. They got better guests to come in. Vsin can only go up from here soon as sports betting goes legal in many states. When that happens is only a matter of time. The guy on ESPN has inside info for sure. The owners are telling him one ear full at a time. Crossing state lines could be taken out down the road too. In the beginning it is hard to say what the leagues want at first. Congress will go along down the road. Lottery/ liquor went across state lines & people take $$$ across state lines. Wire act will be taken down in the end. All the people said oh the court only takes 1%....the leagues won't go for it.. ha ha.... the guys running the show are holding the 1% . Get ready lock your doors ....here it comes sports betting goes legal. So get use to it.
 

Scatana Fas

EOG Addicted
Re: VSIN

Banking on something happening in "a matter of time" while burning cash in the meantime is not necessarily a viable business model, as they found out when the dot.com boom busted. A lot of the dot.com's were "right" as to what the internet ultimately would be. But they were wrong in terms of having a viable business model. As they say in the financial markets, the only difference between being early and being wrong is that there is no difference.

Not saying that that's VSiN's business model, but was responding to the suggestion that it was.

That is 100% the model. Even if and when the switch flips, I don't know where the outside financial support comes from. The value of 30 second ad spots will only drop, and then we still have to find out if there is an interest in reaching sports bettors. Just look at the dearth of any advertising on the forums.

I certainly wish them luck and hope they succeed, but more than likely a short term vanity project for a handful of fellas.
 

Valuist

EOG Master
Re: VSIN

Funny segment yesterday putting the "John the Barber" character on. He loved every favorite, over and 5 to 8 team parlays.:doh1

He says he loves the Broncos this week. That alone has to make the Bills alive.
 

TheGuesser

EOG Dedicated
Re: VSIN

Thought this was an outstanding article:

[h=1]Sometimes silence in a betting market speaks volumes[/h]Jeff Fogle
VSiN.com




The complicated keys to interpreting Thursday night’s Rams/Niners game involve what “isn’t” happening in the market…and what “isn’t” shown in early season stats.
NFL Marketplace: Rams sitting at -2.5 for so long tells you a lot about sharp assessment
This is going to come up often during the college and pro football seasons. Great that we can talk about it in depth for a weeknight game.
We talked about key numbers in our Wednesday tutorial. Sharps (professional wagerers) know all about the frequency of key numbers and how to apply them. If you see a game that’s settled at widely available lines a half-point BELOW a key number…meaning a favorite by 2.5, or 6.5, or 9.5 (a half-point below 3, 7, or 10)…that’s very clear evidence that sharps DON’T like the favorite. They would have jumped all over the favorite at those widely available prices because of the power of key numbers. They didn’t jump!
That means it’s either dog or pass for the most respected influencers in the market, whether you’re talking pro or college football.
As we discussed in our NFL teaser tutorial a couple of weeks ago, a widely settled line at plus 2.5 in pro football will see sharps moving the underdog up to plus 8.5 in two-team six-point teasers. That’s very likely to be the case with Niners/Rams.
What is ALSO means is that any line move generated from public action up to -3 would bring a flood of sharp money on the underdog. If a dog is a pass at plus 2.5, it’s very likely a play at plus 3. Why? Let’s imagine some percentages. This may or may not be close to what the quants are getting with their math. We’ll use it for illustration purposes.
Dog side of plus 2.5: 51%
Exactly “Favorite by 3: 6%
Favorite by 4 or more: 43%
At the line of 2.5, we see 51% for the dog, and 49% for the favorite. No value there because the wins don’t cover the 10% vigorish on the losses. If our math represented “true likelihoods,” you’d lose over time betting either way
But should the line move to the three, suddenly it’s 51% to 43% for the dog with our example of a 6% push rate. That IS a play. In fact, it’s a pretty strong play in such a liquid market. You’re well clear of the 10% vigorish.
Other examples from this week’s schedule as we get ready to publish:
Tennessee is -2.5 vs. Seattle in the NFL (some stores are testing -3)
Duke is -2.5 at North Carolina Saturday in the colleges
Florida is -2.5 at Kentucky
Eastern Michigan is -2 or -2.5 vs. Ohio
Tulane is -2.5 vs. Army
Texas A&M is -2.5 vs. Arkansas
In all of those examples of settled widely available lines, we can assume that sharps don’t want the favorite or their money would already be in. We can also assume they’re looking to take the dogs at plus 3 or better if public money between now and kickoff moves the lines higher.
Very important to remember that the key to reading the football market is often interpreting what HASN’T happened around key numbers. Sharps are actually showing their cards by not reaching for their wallets.
NFL: How to handle key stats when handicapping Thursday’s Rams/Niners game
Now we put on our handicapping caps. We know what the sharpest elements of the market are thinking. Can we find any edges they might have missed in some key stats?
LA Rams (1-1) at San Francisco (0-2)

  • Las Vegas Line: LA Rams by 2.5, total of 39.5
  • Estimated Market Power Ratings: LA Rams 76, San Francisco 71
Both teams are 1-1 against the spread, which makes it difficult to get any confident reads. The Rams were a pleasant surprise in their season opener vs. Indianapolis, but a disappointment the next week vs. Washington. San Francisco looked helpless vs. Carolina, who then looked awful offensively vs. Buffalo. But, the Niners almost upset Seattle as a double-digit underdog the very next week on the road at a tough site.
Key Passing Stats

  • LA Rams: 10.3 yards-per-pass attempt, 2 TD’s, 1 interceptions thrown
  • San Francisco: 4.7 yards-per-pass attempt, 0 TD’s, 2 interceptions thrown
Two weeks into a new season, what “isn’t” in the stats includes the caliber of opposition…the home road split…the relative health of the teams involved, and myriad other issues. So handicappers can’t really place too much weight on in-season stats right now. Those passing numbers above do align with general perceptions that:

  • Jared Goff will be able to throw successfully downfield
  • Jared Goff will likely improve this season (maturity and new coach)
  • San Francisco emphasizes dinks and dinks
  • San Francisco may have a really terrible passing offense this season.
Those are extreme stats though. Nobody is good enough to top 10 yards-per-pass-attempt for a season. You wouldn’t expect any team to be as bad in the air over a full season as the Niners have been so far.
Complicating matters…

  • The Rams haven’t played a road game yet
  • The Rams played one laughingstock, and possibly another non-playoff team
  • The Niners look to have run into two very good defenses out of the gate
Honestly, the Rams may end up having a sub-par passing offense this season…but it’s been hidden by a friendly early schedule. San Francisco will probably struggle, but who knows what they might accomplish vs. less aggressive defenses?
Impact Defense

  • LA Rams: 22% third down pct-allowed, 3 takeaways, 6 sacks
  • San Francisco: 47% third down pct-allowed, 2 takeaways, 3 sacks
Whoa…the Rams look like a defensive JUGGERNAUT thanks to facing Scott Tolzien, and to a lesser extent Kirk Cousins. San Francisco may be waving a red flag at us. Though they’ve only allowed 4.2 yards-per-play…the Niners let two struggling offensive opponents move the chains at an alarming clip. And SF had a poor defense last season.
To the degree we might be able to find something the market is missing…it could be that an improved Jared Goff is about to face a defense that may not be as good as it looked against opponents struggling to protect their quarterbacks. Plus Cam Newton still doesn’t appear to have full shoulder strength, which was likely an issue in that Panthers/Niners season opener. It can’t hurt that the Niners are more likely to be physically and emotionally drained from that last week’s loss.
Maybe…all the “stat clouds” are disguising what’s about to be a statement performance from Goff. The market only thinks that’s enough for a tight win.
Westgate SuperContest: Oddsmakers cognizant of sharp influences here as well!
If you’ve been watching our broadcasts the past three Wednesdays from the Westgate, announcing the official NFL contest lines for the most prestigious handicapping competition in the world, you’ve heard the sports book's oddsmakers talking often to Brent Musburger about how sharps are likely to bet the games.
That might strike you as odd because there’s no reason for a sports book to “guard” against the sharps in a contest. All the money is already in! What’s actually happening is that the Westgate oddsmakers are trying to anticipate what the lines are going to be over the weekend once sharp influences have been accounted for. This provides a true test for entrants. It’s impossible to avoid “stale” lines entirely because injury news or other personnel developments could hit the headlines Thursday, Friday, or Saturday morning. Ideally, the Westgate wants this to be a “handicapping” contest, not a “finding stale lines” contest. Anticipating sharp action helps achieve that.
Jeff Sherman of the Westgate told VSiN City Wednesday evening “We do the numbers in the SuperContest as we would book the games.”

  • LA Rams -2.5 at San Francisco (Thursday)
  • Baltimore -3.5 vs Jacksonville (in London, England)
  • Cleveland -1 at Indianapolis
  • Pittsburgh -7 at Chicago
  • Miami -6 at the NY Jets
  • Denver -3 at Buffalo
  • New England -13.5 vs. Houston
  • Carolina -5.5 vs. New Orleans
  • Tampa Bay -3 at Minnesota
  • Atlanta -3 at Detroit
  • Philadelphia -6 vs. NY Giants
  • Tennessee -3 vs. Seattle
  • Kansas City -3 at the LA Chargers
  • Green Bay -8.5 vs. Cincinnati
  • Oakland -3 at Washington
  • Dallas -3 at Arizona (Monday Night)
Contestants must pick their best FIVE against those numbers. Any contestant who wants to include the Thursday nighter featuring the Rams and Niners must turn in ALL FIVE picks before that kickoff.
Fully NINE of this week’s 16 games are within half-a-point of -3. Only one features a home favorite (Tennessee vs. Seattle). Seven are road favorites, plus Baltimore is a neutral site favorite over Jacksonville overseas.
You’ll note that there’s a line in Tampa Bay/Minnesota even though the regular board doesn’t have one up yet. Sports books are waiting to see if Sam Bradford will get the start this week after missing this past Sunday with a knee injury. If he can’t go, Case Keenum is expected to get the start. You heard on “My Guys in the Desert” Wednesday that the Westgate has priced this game on the assumption that Keenum will get the nod. That’s why the visitor is laying a field goal.
 
Re: VSIN

I'll watch it even more closely, but I thought that -- off-the-board games and non-110 juice lines aside -- the posted Wednesday contest lines simply reflected the market line from the Westgate board when the contest lines were posted.

That is, without trying to shade those lines to where the linemaker thinks that they will be on Saturday morning.

Sounds to me like what they're talking about is only for the then off-the-board games, where they try to forecast where the line will be by the contest market close.

If they were doing what they are talking about for all of the games, the lines would look markedly different when they are posted on Wednesday, and, depending on their forecasting skill, at least in theory would be closer to the market lines on Saturday morning.

So I'm a bit skeptical of this report. But I'll watch it closer this year and compare the Westgate market and contest lines immediately upon the contest lines being posted.
 
Re: VSIN

I've copied-and-pasted the gist of the last two posts over into Bob's Week 3 SuperContest thread, so that any follow on discussion can be in the most germane thread.
 

TheGuesser

EOG Dedicated
Re: VSIN

[h=1]You Are Looking Live at Brent Musburger in the Casino[/h]By JOE DRAPEOCT. 31, 2017
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Photo

Brent Musburger taping his show on the casino floor at the South Point Hotel & Casino in Las Vegas. CreditIsaac Brekken for The New York Times

LAS VEGAS — “You are looking live ...” was his signature intro over a sweeping camera shot, but instead of a snow-capped Lambeau Field or sunny Los Angeles Coliseum, Brent Musburger finds himself in a television studio plopped in the middle of a casino floor guarded by a battalion of one-armed bandits.
Inside this glass box, Musburger, 78, is dressed in all black. He has traded “looking-live” greeting and weekend jaunts to football’s most hallowed athletic grounds to talk gambling five days a week to “My Guys in the Desert,” who today are Vinny Magliulo and Jimmy Vaccaro, bookmakers here at the South Point Casino.
The old broadcaster’s cadences are as strong, his amiability as thick as it was in the mid-1970s when he anchored CBS’s pioneering live pregame show, N.F.L. Today, a mélange of features and football talk with a cast aimed at the widest demographic.
Irv Cross was the ex-player and designated explainer of a sport that was in its infancy as televised entertainment. Phyllis George, a former Miss America, spoke to the softer side of a brutal game. Jimmy “The Greek” Snyder, who died in 1996, told gamblers which team to bet. Sort of. He picked a winner and final score, which signaled to gamblers how the teams would perform against the point spread.
“He was our prognosticator,” Musburger said with a wink.
More than four decades later, Musburger remains a trail blazer. He is he co-founder of Vegas Stats & Information Network (VSiN), a family business aimed at building a streaming service offering actionable information for sports bettors.
Continue reading the main story
[h=2]RELATED COVERAGE[/h]





In short, VSiN wants to be the CNBC for gamblers.
It may be a niche market, but it is a booming one perhaps on the verge of exploding. Here in Nevada, sports betting is a nearly $5 billion a year industry. In December, the United States Supreme Court will hear arguments on whether to strike down a federal ban on betting amateur or professional games except in the four states that already have operations.
[h=3]INTERACTIVE FEATURE[/h][h=2]Brent Musburger Throughout the Decades[/h]A look at Musburger’s celebrated and controversial moments from his career as a sports broadcaster.

OPEN INTERACTIVE FEATURE

The case was brought by the state of New Jersey, but more than a dozen other states have introduced legislation legalizing the activity in pursuit of what law enforcement and industry experts say is the $150 billion that is wagered annually with illegal or offshore bookmakers.
In betting parlance, the over/under on sports betting becoming legal is three years. Musburger, who long has liked to wager a few bucks on games, takes the under.
“You are not stopping gambling,” he said. “Learn to live with it and move on.”
It was Brian Musburger, Brent’s nephew, who first envisioned a gambling network after overhearing a conversation between his uncle and Vacarro. He was an agent alongside his father, Todd, who had clients like Chicago Bulls and Los Angeles Lakers Coach Phil Jackson.
“I was with him and a fly-on-the-wall in this conversation where Jimmy told Brent that he had gotten a phone call from a trainer of a team who told them that one of its stars had to have his ankles taped and wouldn’t be very mobile,” said Musburger. “So Jimmy adjusted the point spread.”
While the networks and ESPN fill their sports broadcasts with features or opinion and fantasy draft shows, the younger Musburger targeted an underserved audience.
“If you could bring people into the conversation that happens behind the scenes in the sports books, you have a different kind of sports talk,” Musburger said. “This is the nerve center. Their livelihood depends on getting credible information.”
Brent Musburger knew his way around Las Vegas and the people that made it work.
One of them was Mike Gaughan, the owner of the South Point.
Photo

Musburger is the co-founder of the Vegas Stats & Information Network. CreditIsaac Brekken for The New York TimesHe saw a promotional opportunity and agreed to host VSiN. He built them a more than $1 million state of the art studio. The terms? VSiN agreed to pay him $1 annually for five years.
Brian knew that his uncle was winding down a nearly 50-year broadcast career.
“Unc, I need you,” he told Brent..
On Jan. 25, Musburger announced his retirement from ESPN. Six days later, he called his last college basketball game, a Kentucky game at Rupp Arena. Less than two weeks later, he christened VSiN by anchoring a pregame show for Super Bowl LI.
“I couldn’t leave the booth and not do anything – Arlene would have killed me,” Musburger said, referring to his wife of 54 years.
Musburger’s day often ends here at a lounge across from the fishbowl studio. He fishes free drink vouchers from a battered briefcase and returns from the bar with a handful of Bud Lights. VSiN is a growing, but frugal operation: The network was launched with more than $1.6 million of mostly Musburger’s and friends’ money.
With more than 80 hours of broadcast time to fill, VSiN leans on bookmakers from around town as well as reporters and analysts from various news organizations. There are remote look-ins and interviews from the other casinos. The network is simulcast on SiriusXM radio, and VSiN is producing short form videos for yahoo.com.
It has launched a subscription digital magazine chock-full of stats and do-it-yourself handicapping methods with more specialized products – N.B.A. packets, for example — in the pipeline. It has attracted 1.4 million unique visitors (predominately male and affluent) who watch for an average of 26 minutes.
Photo

The N.F.L. Today sports show featured, clockwise from top left, Jimmy “The Greek” Snyder, Jack Whitaker, Brent Musburger, Jayne Kennedy and Irv Cross, shown here in 1978.CreditCBS, via Getty ImagesBrian Musburger is raising an additional $10 million and says VSiN will grow tenfold on all platforms by the end of 2018.
Richard Greenfield, a media analyst at BTIG Research, says the momentum Netflix has gained shows that information and entertainment is moving from a linear broadcast model to a streaming one.
“Consumers are thirsty for more and more high quality content on streaming video content to watch on any device when and wherever you want,” Greenfield said.
[h=2]Newsletter Sign Up[/h]Continue reading the main story[h=3]Sports[/h]Get the big sports news, highlights and analysis from Times journalists, delivered to your inbox every week.

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For now, however, the dulcet tones and informed – sometimes hot — opinions of a soon-to-be-inducted Hall of Fame broadcaster remain VSiN’s most valuable asset.
Last month, he threw cold water on hosannas offered to Tony Romo, the former Dallas quarterback and now television analyst, who recently garnered praise for his ability to predict upcoming plays.
“Tony, get off it. First of all, you’re intruding on your play-by-play man Jim Nantz, who’s just trying to give us the scene,” he said on his show. “and the more years you spend away from the league, you’re going to know less and less about the personnel that’s out on the field. So I’m blowing a ‘stop the hype’ right now.”
Do not get him started on the hypocrisy of the N.F.L. when it comes on its stance against sports betting. He notes that two venerable owners, Art Rooney of the Pittsburgh Steelers and Tim Mara of the New York Giants, were close friends as well as gamblers, proud ones.
Photo

It was Brian Musburger, Brent’s nephew, who first envisioned the gambling network.CreditIsaac Brekken for The New York TimesThe N.F.L. injury report became a staple of the league in 1947 when then commissioner Bert Bell learned of a bribe attempt on two players and realized that gambling on football was not going to go away.
Musburger says the N.F.L. should drop its opposition to gambling and start addressing more pressing problems like anthem protests and players’ head injuries, which are contributing to lower television ratings and a decline in participation in youth football.
“They are trying to figure out how to make money off it,” said Musburger. “Otherwise, why would they vote 31 to 1 to move the Oakland Raiders here unless they understood where it all was going?”
Musburger’s veiled gambling references prompted viewers’ suspicions that he bet on games that he announced. After all, the name of his show, “My Guys in the Desert,” came from a phrase he uttered often to signal this was what his bookmaker friends here were thinking about the upcoming game.
Musburger said that he did only once long ago on a Lakers game. When Kurt Rambis scored a late basket to make Musburger a loser, he said he felt like any other gambler watching a game because he had a few bucks on it rather than the broadcaster who will be inducted in the Sports Broadcasting Hall of Fame in December.
Although VSiN personalities do not give out picks, Musburger put up $1,500 to play in the Westgate SuperContest, which attracts thousands of accomplished gamblers in search of nearly $5 million in prize money divided among the top 50 finishers. So far, he is above .500 and still in the hunt for a cash prize.
Now about his “You are looking live ...” catch phrase – that was born as a service to his friends here in the desert. Throughout the run of “N.F.L. Today,” there was no Weather Channel or cellphones to check conditions, so Musburger came up with the idea of a live shot that not only served as a tease to the coming games but might move a gambling line.
“Let’s face it – gambling is the foundation of the N.F.L, and every other sport’s popularity,” said Musburger. “It’s more fun to watch the game if you have a few bucks on it and in this day and age of information, it’s time to bring it in out of the dark. Gamblers are smart people. Let’s treat them like it.”

 

railbird

EOG Master
Re: VSIN

I like the show, some guests and broadcasters are better than others, but its better than most stuff out there.
 

Viejo Dinosaur

EOG Master
Re: VSIN

I like the show, some guests and broadcasters are better than others, but its better than most stuff out there.

Are you still 86ed from South Point?

I like the idea of VSIN but most guests are clowns....and I have always been a Musberger fan....
 

focker

EOG Veteran
Re: VSIN

A lot of these guest are the same guys that JK would have on his show....need to get JK in the rotation.

2 thumbs up for VSIN
 

patswin

EOG Veteran
Re: VSIN

I enjoy the channel, I really like the morning show with Moss and Howard. Both guys have really good opinions
 

Scatana Fas

EOG Addicted
Re: VSIN

Are you still 86ed from South Point?

I like the idea of VSIN but most guests are clowns....and I have always been a Musberger fan....


No love for Twitter legend and professional bettor Wes Reynolds? Guy has an opinion on which way the wind will be blowing at 2pm tomorrow in Salinas, Kansas.
 

MrTop

EOG Master
Re: VSIN

this show started slow but VSIN brought in some very good people into the mix every day...... soon as sports betting goes legal it can only get better.



:cheers
 

Mr. Met

EOG Addicted
Re: VSIN

Can we get JK a time slot with VSIN?

Certainly more qualified than a bunch of the other hosts on that network
 

raininthrees

Point Spread Nomad
Re: VSIN

with their bowl preview, make sure you purchase the xmas gifts early

the talk is always great at the pool party
wish/hope the dive in to the deep end
#talkthetalkwalkthewalkswimtheswim
 

MrTop

EOG Master
Re: VSIN

with their bowl preview, make sure you purchase the xmas gifts early

the talk is always great at the pool party
wish/hope the dive in to the deep end
#talkthetalkwalkthewalkswimtheswim


kw gave me MLB once for a short time.... he went 24-1...and he was not betting favorites.
 

Valuist

EOG Master
Re: VSIN

Other than Gill's show, and sometimes Amal Shah (sp?), there doesn't seem to be much handicapping talk. A lot of talk about where the money is going, and general sports talk. I get tired of hearing the linemakers. We've seen sharp money get buried plenty of weeks in the NFL.
 

MrTop

EOG Master
Re: VSIN

Other than Gill's show, and sometimes Amal Shah (sp?), there doesn't seem to be much handicapping talk. A lot of talk about where the money is going, and general sports talk. I get tired of hearing the linemakers. We've seen sharp money get buried plenty of weeks in the NFL.



youmans was a good pick up....but JK and youmans would be better.... that way when things go legal it would be must see tv/radio ..... drop musberger too
 

pokerjoe

EOG Senior Member
Re: VSIN

youmans was a good pick up....but JK and youmans would be better.... that way when things go legal it would be must see tv/radio ..... drop musberger too
I'm not going to say drop Musberger, but JK is a must pickup for them. But, he's a professional in his business and doesn't need advice from us. VSIN might need our advice, tho.
 

Scooper

EOG Veteran
Re: VSIN

Not a chance that any of these guys are actually going to the window for anything but a weekly $10 parlay. SQUARE AF
 

MrTop

EOG Master
Re: VSIN

VSIN had a sit down with mike francesa.......just before mike returned to WFAN for 2.5 years

probably wanted too much
 

FISHHEAD

EOG Master
Re: VSIN

Not a chance that any of these guys are actually going to the window for anything but a weekly $10 parlay. SQUARE AF


Merryman and VSIN fan of the year RANDY MCKAY was on the show Monday....................long, long time professional gambler.
 
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