It was another news-filled week in the world of gambling.
In this installment of a weekly roundup from US Bets, we’re giving you a rundown of some of the more interesting new nuggets from the world of sports betting and beyond.
Also be sure to check out Sports Handle for its weekly news recap, “Get a Grip.”
90-year-old Pittsburgh bookie and son plead guilty
According to Triblive.com, a bookie serving gamblers in the Pittsburgh area pleaded guilty to crimes related to the betting and will spend 10 years on probation. Robert “Bobby I” Iannelli, 90, pleaded guilty Wednesday along with his son in Westmoreland County. “Both were ordered to pay $225,000 as a forfeiture of money they earned from the illegal betting as well as an additional $75,000 to cover the costs of five wiretaps used by state investigators during a six-month portion of the probe that ended in April 2017,” per the report.
Stones Gambling Hall settles suit over poker scandal
According to Poker News Daily: “More than 60 of the 88 plaintiffs who sued Stones Gambling Hall, Justin Kuraitis, and Mike Postle over an alleged cheating scheme have entered into an ‘amicable settlement’ with the casino. The financial terms were not disclosed, but a Stones source told The Sacramento Bee that the amount paid to each person was ‘nominal’ and more a show of ‘good will’ than anything else.”
As for Postle, the alleged cheating player in the controversial 2018/19 sessions, he isn’t out of the woods yet. A lawsuit against him was dismissed in June, but attorneys reportedly plan to try again.
Man Who Ran $800K NFL Office Pool Suffers Setback
According to the Asbury Park Press: “A panel of appellate judges on Wednesday ruled a Sayreville man who ran a six-figure football pool cannot sue the Monmouth County Prosecutor’s Office over his claims he was maliciously prosecuted so authorities could execute an illegal ‘cash grab’ from him of more than $800,000.”
Four $100K MA Lottery Prizes Remain Unclaimed
One of the dark sides to the U.S. lottery industry, which generates more than $70 billion in sales each year, is that it’s not that uncommon for winning tickets to go unclaimed. These instances don’t get media attention unless the prize is large. That’s the case with a handful of winning $100,000 tickets in Massachusetts. To the state’s credit, it is trying to alert the public about the expiring tickets, but unfortunately the state/lottery will keep the money, instead of returning it to the betting public. That seems unethical, but it’s standard.
The record for an unclaimed U.S. lottery prize remains a $77 million ticket in Georgia in 2011. Brutal.
South Point takes massive straight bet on Indians
A Las Vegas sportsbook manager tweeted about a $44,000 gamble on the Cleveland Indians to beat the Detroit Tigers on Friday. The Indians are -220 favorites, which is a nearly 69% implied probability. The ticket would generate a profit of $20,000 if Cleveland wins the game. According to MLB.com, the Indians will send RHP Zach Plesac (3-2 with a 2.20 ERA) to the mound against RHP Michael Fulmer (0-2 with a 9.27 ERA).
That’s what I’m chalking about! pic.twitter.com/JvEH8A9oC9
— Jimmy Vaccaro (@JimmyVaccaro) September 18, 2020
High Stakes Poker returning to the airwaves
Arguably the most popular poker cash game show in history reportedly will be back in action. According to poker pro Nick Schulman, High Stakes Poker, which deserves some credit for helping fuel the poker boom of the 2000s, will return, though it’s unclear where it will air. Schulman said the details are coming “soon.” It’s a good time for a return of HSP, given online poker’s rejuvenation due to the COVID-19 pandemic.
It is with great pleasure to confirm the return of the esteemed, the legendary, the only, the original, the iconic, really needing no introduction the world over, back for another run. 2020, details soon 🔥 pic.twitter.com/7le94kzsCA
— Nick Schulman (@NickSchulman) September 17, 2020
Apparent William Hill promotion goof
William Hill Sportsbook, a new entry in Illinois, raised some eyebrows this week by revising a promotional offer for new players. It was reported that the original promo was a 100% deposit match up to $300, with the sportsbook later changing it to a “risk-free” $300 bet. The difference is subtle, but many didn’t like it.
This is not right. Can’t promote a 100% match up to $300 and come back the next day to say JK we meant first wager risk-free up to $300. pic.twitter.com/vmw7z2NIQO
— Joe Ostrowski (@JoeO670) September 16, 2020
$10,000 bet on Browns to win Super Bowl
BetMGM said in a media release that it took a $10,000 bet on the Cleveland Browns to win the Super Bowl at 35/1. This was apparently before the team was crushed in Week 1 by the Baltimore Ravens. The odds then shifted to +5000. Fortunately for the Browns, they are 1-1 after Thursday’s 35-30 win. The problem is that the win came against the Cincinnati Bengals, expected to be one of the worst teams this season. The Browns were six-point favorites. It looks like another season in the dumpster for Cleveland. As for the $10,000 Browns bettor, let’s hope he or she is wealthy because a bet of that size on this team seems like insanity.
Barstool a RG train wreck waiting to happen?
Barstool Sports waded into the waters of legal gambling with casino operator Penn National Gaming acquiring a large piece of the sports media troll site in January. The controversial firm shows no signs of dialing back the controversy. In recent days, Barstool was the subject of criticism for seemingly making light of problem gambling, expected to increase in the U.S. under the proliferation of online betting. Some people defended Barstool under the notion that it’s a comedy site.
Reupping for the Monday crowd. Whatever we all think about Barstool, can we at least agree this nonsense has no part in permeating through the US sports betting landscape? https://t.co/YrPY1XFlef
— Dustin Gouker (@DustinGouker) September 14, 2020