Connect with us

Sports

Wetzel: Sports betting money is good, but it’s not cheap

Published

on

Wetzel: Sports betting money is good, but it’s not cheap


Nearly every sports league, team and operation (including, ahem, media outlets) wants in on sports wagering revenue. Sponsorships. Partnerships. Advertising. It’s legal, after all.

Maybe it’s direct payments. Maybe it’s advertising dollars from increased viewership that come through bigger and bigger broadcast deals. Whatever the source, sports is awash in gambling cash.

Nothing comes for free, though, and on Thursday, the bill came due for the NBA.

Every other league can only look on and know that if there was ever a sure-bet, it’s that this won’t be the last time a parade of FBI and Department of Justice figures stage a news conference to detail a slew of indictments over unsavory behavior involving sports betting.

More than 30 people were arrested, including big shots such as Mr. Big Shot — Hall of Fame player and current Portland Trail Blazer coach Chauncey Billups. Meanwhile, officials kept citing the juicy involvement of La Cosa Nostra and New York crime families, including the Gambinos and Genovese.

Like a “Hollywood movie,” Ricky Patel of Homeland Securities Investigations said.

Try the veal, it’s the best in the city.

Gambling scandals are not new in sports — from the Black Sox to Tim Donaghy. However, the proliferation of legalized sports wagering, putting betting in everyone’s face, if not their phone, almost assuredly makes the games more susceptible.

The indictments contained fascinating high-tech details of underground poker games with X-ray card readers to help organized crime rig the action. And there were the alleged actions of Damon Jones, a former player and assistant coach who the feds say tipped off others about injuries the public didn’t yet know about.

One example: a certain unnamed Los Angeles Lakers star would be sitting out a Feb. 9, 2023, game against Milwaukee.

“Get a big bet on Milwaukee tonight before the information is out! [Player 3] is out tonight,” the indictment alleges Jones texted a co-conspirator. “Bet enough so Djones can eat to [sic] now!!!”

One Laker who sat out that night to rest a sore left ankle? LeBron James. A source close to James told ESPN on Thursday that the star had no knowledge of information about his status being leaked. The Bucks won by nine, covering the -7.5 spread. DJones, presumably, ate.

“This is the insider trading scandal of the NBA,” FBI director Kash Patel said.

It is. And it is fair for fans to wonder exactly what they are watching. The indictment mostly hinges on players purposefully taking themselves out of games with injury to assure they hit the under on individual prop bets, but that still corrupts the competition.

The proliferation of legalized sports wagering allows criminal elements to place numerous small bets on the information (and hopefully not trigger suspicion) and cash in.

The fact that players and coaches on multimillion-dollar contracts could be susceptible — Rozier was playing on a four-year, $96.2-million contract — just adds to the concern. Good luck to college sports, where the NCAA is investigating 13 men’s basketball players at six schools in a betting scheme.

Now on Wednesday, the NCAA allowed all of its athletes to legally wager on professional sports.

Hey, what bad could happen?

Sports wagering may be a boon to the bottom line, but it comes with increased suspicion into everything. That includes, quite unfairly, athletes who just simply underperform or do get injured and thus cost some bettors money. Online harassment is off the charts.

As for the presence of Billups, he’s the shiny star that attracts attention. In one indictment a defendant referred to as “Co-Conspirator 8,” allegedly told a bettor that the Trail Blazers would be tanking and several of their best players would not be playing in a March 24, 2023, game against the Chicago Bulls.

Co-Conspirator 8 is not named in the indictment, but the description of the playing and coaching career matches Billups.

In another indictment, Billups is alleged to have played in illegal poker games set up by New York organized crime. He was a famous “face card” used to attract an unwitting patsy who arrived at games with X-ray tables that can read cards face down and cameras on poker chip trays that can do the same.

The info would be sent to a remote location, then relayed back to the “quarterback” in the game who would then signal to the others involved which hand was most likely to win. The “fish” as they were known, never stood a chance. One guy lost $1.8 million, the feds said.

It will be interesting to find out how and why someone of Billups’ stature and financial security ($100 million in player earnings) would be involved in this. Still, the Trail Blazers were apparently going to tank regardless. And the fact an illegal poker game in New York or Miami might be less than reputable doesn’t seem like a huge surprise (caveat emptor), let alone threat to the general public.

So as bad as this is, it could have been a lot worse.

Yet that’s kind of the point. Unless every athlete and coach and official and trainer and so on, heeds the FBI warnings to steer clear of this stuff, then the next scandal is assuredly coming. Not only could it be worse, there’s a decent chance it will be.

Legalized sports wagering sure is good money.

It just doesn’t come cheap.



Source link

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Sports

Pak-India match: Battle for semi-final ticket between traditional rivals – SUCH TV

Published

on

Pak-India match: Battle for semi-final ticket between traditional rivals – SUCH TV



Today is a very important and decisive clash between India and Pakistan to reach the semi-finals in the Under-19 World Cup 2026.

This important match will be played today, Sunday, in Zimbabwe, which will start at 12:30 pm according to Pakistani time and 1 pm according to Indian time.

This match is the last match of the Super Six stage and one team is yet to be decided for the semi-finals, England from Group 2 has already qualified for the semi-finals, while the other team will be India or Pakistan.

India is currently in a better position with six points and its net run rate is 3.337, it is very easy for India, it only has to win the match and it will qualify for the semi-finals.

But on the other hand, Pakistan has four points and its net run rate is 1.484, which is significantly lower than India. Pakistan not only needs to win this match but also by a large margin to equal India in points and also surpass them in net run rate.

If Pakistan scores 300 runs batting first, it will need to win by at least 85 runs. If Pakistan bowls first and restricts India to around 200 runs, the target will have to be achieved in 31.5 overs.

If India scores 251 runs, Pakistan will have to achieve this target in around 33.2 overs to make it to the semi-finals.

It should be noted that this match will not be just about winning or losing but will be a test of runs, overs and nerves where a small slip-up can knock one team out of the World Cup.



Source link

Continue Reading

Sports

Alabama judge recused from Charles Bediako’s eligibility case

Published

on

Alabama judge recused from Charles Bediako’s eligibility case


TUSCALOOSA, Ala. — The judge in Alabama men’s basketball player Charles Bediako‘s eligibility lawsuit against the NCAA has recused himself from the case.

Tuscaloosa Circuit Court Judge James Roberts filed the order Wednesday, according to court documents. AL.com first reported Roberts’ recusal.

The case was reassigned to Judge Daniel Pruet, an Alabama graduate who is overseeing the murder case involving former Crimson Tide player Darius Miles.

The NCAA filed a motion for recusal Tuesday, noting Roberts’ donations to the university as well as public perception that his relationship with Alabama athletics could alter his judgment in the case. Roberts was listed as a donor on the Crimson Tide Foundation’s website.

“Courts in Alabama and beyond have widely recognized that a mere appearance of partiality is sufficient to require the recusal of a trial judge,” the NCAA wrote. “This appearance can be compounded by widespread media and public scrutiny questioning the trial court’s impartiality. Despite the NCAA’s confidence that the Court can disregard his connections to the University of Alabama and its athletics programs, recusal is still necessary to protect these proceedings from an appearance of impropriety.”

Bediako’s attorneys did not oppose the motion.

Bediako is suing the NCAA in an attempt to regain college eligibility despite leaving school and entering the 2023 NBA draft. He went undrafted but signed a two-way NBA contract and played the past three seasons in the G League. Roberts granted a temporary restraining order last week that allows Bediako to play for the Crimson Tide, at least until a hearing on an injunction can be held.

No. 23 Alabama plays at No. 19 Florida on Sunday.

The NCAA and several college coaches, including Florida’s Todd Golden, have strongly opposed Bediako’s return to college basketball.



Source link

Continue Reading

Sports

Cavaliers coach Kenny Atkinson fined for ‘berating’ and ‘making contact’ with an official

Published

on

Cavaliers coach Kenny Atkinson fined for ‘berating’ and ‘making contact’ with an official


NEWYou can now listen to Fox News articles!

Cleveland Cavaliers coach Kenny Atkinson was fined $50,000 for “aggressively pursuing, berating and making inadvertent contact with a game official,” the NBA announced Saturday. 

The league’s announcement said the incident happened with 10:59 left in the fourth quarter of Cleveland’s 126-113 loss to the Phoenix Suns Friday. 

Atkinson was assessed his second technical foul of the game when he stormed the court after a no-call against Sam Merrill for driving on Collin Gillespie after he bumped into an official before being escorted off and ejected from the game. 

CLICK HERE FOR MORE SPORTS COVERAGE ON FOXNEWS.COM

Cleveland Cavaliers head coach Kenny Atkinson reacts during the second half in Game 4 of a first-round playoff series against the Miami Heat April 28, 2025, in Miami.  (AP Photo/Rhona Wise)

Atkinson whipped his arm against the nearby referee before the whistle was blown. 

Atkinson ripped the officials in a postgame news conference. 

PGA TOUR STAR JUSTIN THOMAS RIPS NCAA FOR CURRENT STATE OF COLLEGE SPORTS

Kenny Atkinson

Cleveland Cavaliers head coach Kenny Atkinson reacts in the first quarter against the Indiana Pacers during Game 2 of the second round of the 2025 NBA Playoffs at Rocket Arena in Cleveland May 6, 2025. (David Richard-Imagn Images)

“We had one free throw after three quarters against a team that [is 26th in fouls],” Atkinson said. “And the second free throw we got was after a flop. I’m not pleased. I thought the game got out of hand, quite honestly. Parts of the game seemed circus-like, quite honestly. I don’t know if that’s what we want as a league.

“Certain characters in this league take liberties, and we don’t stand up to them. And the game turns into reviews, challenges, go to the monitor for 20 minutes when we’re just trying to play basketball. I don’t think it’s good for the league, and I know it wasn’t good for us tonight. Thought they let the game get out of hand.”

CLICK HERE TO DOWNLOAD THE FOX NEWS APP

Cleveland Cavaliers coach Kenny Atkinson

Cleveland Cavaliers head coach Kenny Atkinson reacts during the first half against the Indiana Pacers in Game 1 of the second round of the 2025 NBA Playoffs at Rocket Arena in Cleveland May 4, 2025. (Ken Blaze-Imagn Images)

The Cavaliers fell to 29-21, while Phoenix improved to 30-19. 

Follow Fox News Digital’s sports coverage on X, and subscribe to the Fox News Sports Huddle newsletter.





Source link

Continue Reading

Trending