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The rise of Gambling Twitter: Social media and the popularity of sports betting

by David Purdum, ESPN Chalk

 

The passionate online community known as Gambling Twitter has long been an intense battleground, full of bettors, bookmakers, con artists and trolls.

For years, bettors and bookmakers have relentlessly lobbed pot shots at each other, while anxiously awaiting the next tweet from a small-college beat writer or for a WNBA player to post a telling emoji. Meanwhile, con artists, promising inside information and guaranteed locks, lurk behind random anonymous accounts, ready to take advantage of the gullible, and trolls stand poised to attack anyone who doesn’t meet their standards.

People absolutely love it. And, now, with widespread legal betting spreading rapidly, Gambling Twitter is on the rise.

In February, according to Twitter, the top hashtag included in sports betting tweets about the Super Bowl between the Los Angeles Rams and Cincinnati Bengals wasn’t #ramsnation or #whodey — it was #GamblingTwitter.

“Hashtag Gambling Twitter is a thing,” Mike Dupree, director of media and entertainment for Twitter, told ESPN. “I don’t think we can trademark it, but it is certainly something that has its own identity and community, which has been awesome to see.”

Twitter, for the first time, is releasing internal data and commenting on the prevalence of sports betting content on the social media platform. The data was gathered by Twitter Insiders studies and comes from a sampling of individuals 18 or older who have bet on sports in the past 12 months, live in a state where sports betting is legal and use at least one social media platform.

Rest is here…https://www.espn.com/chalk/story/_/id/34539260/the-rise-gambling-twitter-new-social-media-data-shows-exploding-popularity-sports-betting




The rise of Gambling Twitter: Social media and the popularity of sports betting

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Video: Tim Donaghy’s lies about how the 2003-07 NBA betting scandal ended are debunked with evidence

As I have documented many times over the last decade or so, Tim Donaghy has told numerous consequential demonstrable self-serving falsehoods, and the media has largely assisted him in his shrewd manipulation of history.  In an effort to provide the clearest, easiest illustration of how Donaghy has successfully duped much of the public and many in the media, I have produced this video debunking Donaghy’s absurd version of events re the end of the 2003-07 NBA betting scandal.

September 1, 2002 update: I made/posted this video before Netflix’s “Untold: Operation Flagrant Foul” was released.  My goodness.  As I have said on Twitter, if people don’t know the basics in this video re the ’06-07 portion of the ’03-07 scandal, they are uniformed at best and should question why they don’t know these basic facts.  Well, the “Untold” production team knew all that is in this video and much more counter to their preferred and fact-starved narrative and consciously chose to mislead their viewers.

 




Answering commonly-asked questions about the 2003-07 NBA betting scandal

I’ve researched the 2003-07 NBA Betting Scandal and related persons/events since 2007. During my numerous media appearances over the years, I’ve entertained many of the same questions repeatedly concerning the public construction of the scandal (i.e., how and why the conventional wisdom/dominant narrative was formed). I thought it might be prudent to offer my insights into these experiences and attempt to explain why, in my opinion, so many people in the media and in the public continue getting the story wrong. Importantly, I argue the experiences I’ve had discussing the findings in  Gaming the Game: The Story Behind the NBA Betting Scandal and the Gambler Who Made It Happen apply to much of our public discourse on plenty of matters arguably more consequential than the betting scandal.

https://youtu.be/vHVGf93fZpU




Las Vegas Man Charged with Operating Sports Wagering Ponzi Scheme that Stole $8.5 Million from Victims

by US Attorneys, North District of Ohio

Matthew J. Turnipseede, 49, of Las Vegas, Nevada, was charged today in a 13-count indictment with defrauding approximately 72 investors in the Northern District of Ohio and elsewhere out of more than $8.5 million through a Ponzi scheme that promised investors double-digit profits achieved through various sports wagering businesses.

The defendant was officially charged with 12 counts of wire fraud and one count of mail fraud.

According to the indictment, from March 2015 to May 2021, the defendant induced victims to invest money in companies that he owned, namely Edgewize LLC, Moneyline Analytics, Moneyline Analytics Dublin Branchand another company incorporated by Turnipseede, by falsely claiming that investor funds would be used to make sophisticated sports wagers according to an algorithm that generated double-digit returns.

According to the indictment, none of these companies ever generated the promised profits, and instead the defendant used investor money to maintain the business, seek new sources of funds, pay off earlier investors and fund personal expenses.

The indictment alleges that the defendant provided victim investors with operating agreements in which he claimed that all money invested would be used exclusively to place bets on sporting events and that the defendant would not be paid any compensation for placing the wagers but would retain a percentage of the winning profits.

To perpetuate the scheme, the defendant is accused of periodically emailing fraudulent financial statements to victims purporting to show substantial gains on their investments and employing an accounting firm to generate IRS forms based on fraudulent figures provided to the firm by the defendant.  The indictment alleges that the defendant’s sports wagers never generated the promised profits for investors and that the information provided to the accounting firm was fraudulent.  It is alleged that if a victim sought to withdraw some or all of their investments, the defendant used money from other victims’ contributions to cover the withdrawal.

In addition, it is also alleged that the defendant used investor funds to finance his personal expenses, including family vacations to Disneyland and Hawaii, spa treatments, lease payments on multiple vehicles and country club membership dues.

An indictment is only a charge and is not evidence of guilt.  The defendant is entitled to a fair trial in which it will be the government’s burden to prove guilt beyond a reasonable doubt.

If convicted, the defendant’s sentence will be determined by the court after a review of factors unique to this case, including the defendant’s prior criminal record, if any, the defendant’s role in the offenses and the characteristics of the violation.  In all cases, the sentence will not exceed the statutory maximum; in most cases, it will be less than the maximum.

This case was investigated by the Cleveland FBI.  This case is being prosecuted by Assistant U.S. Attorneys Erica D. Barnhill and Brian McDonough.

Topic(s): Financial FraudComponent(s): USAO – Ohio, Northern

Contact:

Daniel Ball Daniel.Ball@usdoj.gov




The future of NFL betting: Why player props are expected to be king

by David Purdum, ESPN Chalk

In the 1940s, Charles McNeil, a Connecticut math teacher turned Chicago bookmaker, revolutionized American sports betting. McNeil is credited with inventing the point spread, which has been the preeminent way to bet on football for 80 years.

The point spread represents the margin of victory of the perceived favorite in a game. A 7-point favorite, for example, must win by more than seven points to cover the spread. The spread can make outclassed underdogs more attractive to bettors and add intrigue to lackluster matchups. Academic studies have shown spreads can even boost TV ratings, including lopsided affairs when the result of the game has been determined but who will cover is still up in the air.

Point spreads for football games have appeared daily in newspapers since the early 1950s, even though betting was only legal in Nevada up until very recently. A ruling by the U.S. Supreme Court in 2018 launched a massive expansion of legal betting. Now, with leagues, teams, media outlets and more than 30 states getting into the bookmaking business, the point spread is more visible than ever. But its days as America’s favorite way to bet on football appear numbered.

Young bettors, many of whom got their comeuppance in daily fantasy sports, are gravitating to player props — bets based on individual player performance — rather than traditional offerings like the point spread, over/under total or money-line. Soon, it’s expected that more money will be riding on Tom Brady’s passing yardage, for example, than the final score.

“This is the future,” Jay Croucher, head of trading for sportsbook PointsBet, said.

Rest is here…https://www.espn.com/chalk/story/_/id/34371732/the-future-nfl-betting-why-player-props-not-point-spreads-expected-king




Interview with Rob Miech in the Chicago Sun-Times re Netflix “Untold: Operation Flagrant Foul”

I was interviewed extensively by Rob Miech for the Chicago Sun-Times (8/6/22) about the upcoming 8/30/22 Netflix “Untold: Operation Flagrant Foul” episode on Tim Donaghy and the 2003-07 NBA betting scandal, along with other topics related to Gaming the Game: The Story Behind the NBA Betting Scandal and the Gambler Who Made It Happen.




The Billy Walters Handicapping System Trademark

NOTE: For related coverage/analysis of legendary pro gambler Billy Walters, see here.

Trademark Overview


On Wednesday, July 27, 2022, a trademark application was filed for THE BILLY WALTERS HANDICAPPING SYSTEM with the United States Patent and Trademark Office. The USPTO has given the THE BILLY WALTERS HANDICAPPING SYSTEM trademark a serial number of 97523312. The federal status of this trademark filing is NEW APPLICATION – RECORD INITIALIZED NOT ASSIGNED TO EXAMINER as of Saturday, July 30, 2022. This trademark is owned by Las Vegas Gambler, LLC. The THE BILLY WALTERS HANDICAPPING SYSTEM trademark is filed in the Computer & Software Products & Electrical & Scientific Products category with the following description:

Downloadable and recorded software application for communication devices and media players for use in accessing, streaming and viewing audiovisual and multimedia content; downloadable computer application software for communication devices and media players, namely, software used to provide news, information, commentary and consulting in the field of sports, entertainment, sports teams, athletes, sporting events, sportsbetting and gaming; downloadable computer application software for communication devices and media players, namely, software used to provide statistical analysis of sports teams, athletes, sporting events, sportsbetting and gaming.

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Tennis Reviews Anti-Corruption Program

by Newsroom, Infobae

 

(ATR) Tennis authorities launched a review of anti-corruption measures in a bid to restore the sport’s tarnished image after match-fixing allegations.

It follows an investigation by BBC and BuzzFeed News which uncovered evidence of suspected match-fixing in tennis over the past decade. Last week, they reported that 16 top-50 ranked players – including winners of Grand Slam titles – were repeatedly flagged to the Tennis Integrity Unit (TIU) over suspicions they fixed matches. None of them were sanctioned.

Leaders of tennis’s governing bodies – ATP, WTA, ITF and the Grand Slam Board – on Wednesday announced that the independent review would be headed by Adam Lewis QC, a leading expert on sports law in London.

The review panel will examine and report on the “appropriateness and effectiveness” of the Tennis Anti-Corruption Program and make recommendations for change. The assessment will take into account public commentary regarding the processes, procedures and resources of the Tennis Integrity Unit (TIU).

Rest is here




Muhammad Ali’s Cherry Hill home is up for sale

NOTE: For my earlier analyses re Muhammad Ali and Philadelphia’s Black Mafia (including the relevance of Ali’s noteworthy Cherry Hill home), please see here.

Muhammad Ali’s Cherry Hill home is up for sale The boxing legend’s sprawling former home, where he lived from 1971 to 1973, is back on the market with a listing price of just over $1.8 million. Muhammad Ali and wife Belinda were photographed outside their new home in March 1971.

Rest of story from the Philadelphia Inquirer is here.