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DraftKings crushes it, Penn crushed

“King of the beat and raise,” proclaimed Truist Securities analyst Barry Jonas when DraftKings came out with its 1Q24 numbers. Jason Robins’ company “provided a bright spot in an otherwise dim Q1 earnings season so far.” How so? It delivered positive ROI of $22.5 million, which was 3X to 4X of what Wall Street boffins were anticipating. Not even lackluster March Madness hold kept DraftKings down. The company is projecting 3% higher revenue and 9% greater cash flow for the remainder of 2024, with a potential ROI of as much as $540 million.

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Bobby Vegas: The inside track on the Derby

Bobby Vegas: Friends Don’t Let Friends Play Triple-Zero Roulette

They say almost is good only in horseshoes, horse racing, and hand grenades, but if you don’t even place third in a horse race, are you still a winner?

Imagine you have a stable of good and in some cases excellent horses. You keep plowing your winnings back into them and end up with one of the most famous trainers in racing and Derby history and a chance for greatness with a young horse, Track Phantom. He’s winning and winning and has the points to make the Derby. You’re a hard-working risk-taking American with several successful green businesses and an insane love of horses and racing and here you are, livin’ the dream.

Meet Jerry Caroom, co-owner of Track Phantom.

I’ve known and worked with Jerry in the lighting business for years. I follow Jerry’s horses through my long-time sports betting friend Joe T, who I’ve mentioned many times in my Bobby Vegas posts. Joe T is the reason I first came to Vegas. And Joe has worked for Jerry for years.

Joe told me two months ago that Jerry’s horse Track Phantom was on his way to qualify for the Kentucky Derby. And he did.

Jerry had bought a futures ticket on Track Phantom that would pay seven figures for a win. I started trying to buy tickets on the Derby when I was in Vegas for the Super Bowl and the Pinky Ring opening. I couldn’t find them. No one had any of the Derby futures. Not South Point, Caesars, or MGM. Finally, Circa did. A crummy return only 10-1 on Track Phantom when it should have been double that, but at least I had a C-note ticket in the race.

Last week when I returned to Vegas, Circa had it at 24-1. I bought another.

This wasn’t advantage play. This was gambling — on a friend and his incredible horse.

Well, if you watched the Derby, you know that Track Phantom jumped outta that gate and led the pack for most of the race until he took a serious bump that knocked him back to 11th place, out of the 20 horses.

On the phone today, I said to Jerry, “Injustice at the Derby!”

Jerry, being Jerry, replied, “Well, I don’t know about injustice, but yeah, that was a serious bump. And if my jockey had listened to me to stay on the rail, well …”

The good news is, one of Jerry’s other horses won a $250,000 purse in another race, not a bad consolation prize.

It’s all about bein’ in the game and givin’ it all you got. On my nine-day trip that ended Friday, even though I lost money chasing a $11,750 positive-expectation progressive, I have many stories to tell about my further adventures with Bobby Wilson and his connection to Bruno Mars, as well as workin’ the casinos like a pro to get the comps and credit I deserve and more. I even met four people who read my blog!

It’s a tough job, but someone’s gotta do it. If you’re not in the game, ya can’t win it. And if you are, something’s gonna stick. Nature of the beast.

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Caesars undershoots, MGM scores

As CEO Tom Reeg said, just about everything that could go wrong for Caesars Entertainment in the first quarter did manage to go wrong. Deutsche Bank analyst Carlo Santarelli headlined his report “Low expectations missed.” While he remained “Buy” rated, Santarelli did so on the basis of Caesars’ long-term potential rather than on what was in the 1Q24 print.

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CASHING IN: SOME OF HISTORY’S BIGGEST CASINO WINS

This post is syndicated by the Las Vegas Advisor for the 888 casino group. Anthony Curtis comments on the 888 article introduced and linked to on this page.

AC says:

Changing gears from the typical strategy-based articles in this series, this one is a quick read that describes some famous big wins by some famous gamblers. These are all good stories, but they’re only abbreviated versions of isolated incidents. With the exception of Johanna Heundi, whose jackpot came on a Megabucks machine, much more has been written about these players. One of the best sources for stories about Kerry Packer is our book Whale Hunt in the Desert—Secrets of a Vegas Superhost. An entire chapter on Don Johnson is included in our soon-to-be published book, The Advantage Players,  (written by the author of this article). For more on Billy Walters, check out the book cited in the article or read the chapter about him in Gambling Wizards—Conversations with the World’s Greatest Gamblers. 

This article was written by Michael Kaplan in association with 888Casino.

CASHING IN: SOME OF HISTORY’S BIGGEST CASINO WINS

We all hope to hit it big at the casino. For most of us, winning a few thousand dollars would be the dream come true. Then there are those who lived the dream writ large. They won millions instead of thousands, and the payoffs were life changing. Making these victories even more special, they got snagged in single sessions, not over the course of multiple nights spent grinding it out.

What does it take to rack up a jaw-dropping win? Sometimes, you need strategy and a knowledge of the game you’re playing. Always, there looms the unpredictable luck factor, which invariably plays a key role in massive payoffs at the tables. And finally, since one never knows when luck will strike, there is something to be said for putting up the money and being game to go for it.

Continue Reading …

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Hockey Knights in Vegas Episode 80: Has Anyone Seen the Panic Button?

Hockey Knights in Vegas is BACK!


The Vegas Golden Knights are playing in an elimination game for the first time in 1,045 days.
But how did the VGK, who seemed to be in control after a 2-0 lead against the Dallas Stars, end up in this unexpected situation? Lindsey, Chris, and Eddie dig deep into the how and why the team is where it is.

And of course, the crew makes their predictions for tonight’s night’s Game 6.

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People Don’t Wait

Bob Dancer

I noticed a pattern at the Four Queens in downtown Las Vegas. It probably happens elsewhere too.

The casino sometimes, not always, has monthly promotions. While the details of the promotions vary, most of them follow a pattern.

This is a slot club where slot machines require $5 coin-in to earn a point, video poker machines require $8 to earn that same point, and the loosest video poker games require $16 to get that same point. 

The promotions require you earn a certain number of points during the month — it could be 500, 1,000, 2,000, or even 4,000 — and when you accumulate that many points, you go to the booth, and they give you your reward. The rewards are some combination of free play, comp dollars, and physical gifts.

The loosest video poker games are for 25 cents and $1, and even with the extra coin-in required to earn a point on these machines, they still represent the best value. There are exactly four $1 machines where you can find the loosest game, and probably 200 players during the month want to play their points on these machines for whatever the promotion is this time.

The thing is, for the first 10 days or so of the month, if you come in to play on these machines, usually all four of them are busy. For the last 10 days or so of the month, if you come in to play on these machines, usually you have your choice of any of the four. 

These dates vary, of course, depending on how many points are required this month. If it’s a 4,000-point promotion, meaning $64,000 coin-in on a dollar machine, the machines will pretty much be busy all month long. If it’s a 500-point promotion, the machines will be available more often simply because it doesn’t take nearly so long to satisfy the promotion.

Because of this, I usually wait until the 15th or so to start my play there, assuming I’m going to be in town all month. If I’m going to be gone for a couple of weeks late in the month, I’ll get my play done during graveyard shift in the first week of the month. That’s a less popular time to play, so almost always one or more seats are available at that time any day during the month.

In addition to machine availability, there’s another reason I wait until mid-month to get my play done there. If you do your play on slot machines there instead of video poker machines, not only does it require less play coin-wise, but your mailers tend to be bigger. And play done at either the Four Queens or Binion’s (which is catty-corner across Fremont) count. So, when I’m downtown earlier in the month, I’ll check to see if any slot machines are in positive mode. I do have certain machines I check in both properties. There are a lot of slot hustlers checking machines downtown all the time, so finding a playable machine at any particular time is hit or miss, but I’ll still check.

I never know how many slot points I’ll accumulate. I have rules of thumb for when these machines are worth playing, but they are usually playable only until a certain bonus feature goes off. I’ve had bonuses go off on my very first spin, earning virtually no slot club points, and I’ve had bonuses take a very, very long time to go off. 

If I need 500 points on slots, if I find a good machine and play off my points, it will typically not be a good time to leave the machine. If a machine is of the type that it’s a play if ever the minor bonus is at least 25 spins, I might get on the machine at 27 spins and by the time I’ve played 500 points it’s now up to 33 spins — which is considerably more positive than merely being at 25 spins. (After all, when it goes off, you get eight additional chances for something good to happen.) When this happens, I’ll play considerably more than the minimum points required for the promotion.

The thing is, though, I cannot be the only player who has noticed that the loose machines are usually busy early in the month and usually un-busy later in the month. While out-of-towners need to play while they are in town, locals, generally speaking, should be equally comfortable playing during the last week of the month rather than the first week of the month. 

And yet, I don’t see this happening. I wonder why?

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Buffet Update – May 2024

Caesars Palace – Bacchanal Buffet: Regular brunch buffet is now Monday and Thursday only instead of Thursday-Monday. Still 9 a.m.-1 p.m. at the same price of $64.99. No more weekday vs weekend dinner prices. Daily dinner is 3 p.m.-10 p.m. at the price of $84.99.

Circus Circus – Circus Buffet: This week’s buffet schedule is: Friday breakfast buffet, 7:30 a.m.-11 a.m. for $19.95. Weekend brunch is Saturday & Sunday, 7 a.m.-2 p.m. for $24.95, and weekend dinner is Friday-Sunday, 4:30 p.m.-10 p.m. for $24.95.

MGM Grand – MGM Grand Buffet: Weekday brunch went up by one dollar to $32.99. Hours are still Monday-Thursday, 8 a.m.-3 p.m.

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Scoundrels Steak Special

There are a lot of good bar steak specials out there—Mr. D’s. Jake’s, Jackson’s—but this one at Scoundrels Tavern & Eatery might be the best (not counting our Member Rewards deal at Jacksons). It’s served Tuesdays only from 3 pm until they’re gone. It’s a 16-ounce ribeye that comes with salad, loaded baked potato, vegetable, and garlic toast for $19.99.

This meal is terrific and it’s huge—one dinner will easily feed two. The salad is a notch above to start, the big baked potato comes with butter, sour cream, bacon bits, and cheese, and if they’re lying about the in-house-cut ribeyes being 16 ounces, it’s because they’re bigger than that.

Do They Get Gone?

Yes, they do. Lots of steaks come out of the kitchen and we’ve been there around 8:30 pm when they’ve sold out . They usually last longer, though (the bartender usually knows exactly how many are left). Best to order as soon as you get there.

Other Items

There’s a big menu. We’ve tried the burger ($12.99), the cheesesteak ($13.99), and chicken fingers ($13.99). None of these stood out like the steak, but they’re decent options if it’s not Tuesday.

Parlay With the Bonuses

Scoundrels has a play-$250-get-$50 sign-up bonus and a play $500-get-$50-bonus Sun.-Tues. from 8 to 10 pm. These can be played on the same day. Show up before 8 for dinner, then play after.

Watch the Games

Scoundrels is a good sports bar to boot, with sports always on the big screens. The only negative is the location, way out on the north side at 6310 N. Lamb Blvd., but it’s a straight shot out I-15 N near the Las Vegas Motor Speedway.

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Atlantic City blotter; Mega-Jottings

MGM Resorts International‘s post-20th anniversary, post-Travis Lunn dumbing down of Borgata continues apace. Our man on the Boardwalk visited recently and found all the Borgata-branded pens to have been retired in favor of generic pencils. “MGM previously replaced the soap bars and small shampoo containers with liquid soaps, fastened to the sink and to the shower wall,” he reports, although that’s part of a company-wide sustainability initiative.

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