Author: Christopher Gerlacher

While many sportsbooks have entered the Colorado market, only one has come from overseas so far. Smarkets runs a successful betting exchange in the United Kingdom. However, Smarkets’ new sportsbook made its American debut in Colorado, and its next stop is Indiana. We reached out to Pascal Lemesre, Smarkets’ PR Manager, to discuss the Colorado […]

Smarkets is different from most sportsbooks. Traditional sportsbooks hire oddsmakers who go through a painstaking process to do two things: Determine how likely an event is so they can set odds. Determine how much house advantage to spread across sportsbook lines. However, Smarkets does something completely different from its competitors. Smarkets lets its bettors set […]

Now that sports betting is legal in Colorado, many bettors may be filled with questions. Maybe they have questions about Colorado’s sports betting bill. Maybe they’re curious about how sports betting became legalized in Colorado. But one question that’s a little harder to answer is this: Where do sportsbooks’ odds come from? Who makes them? […]

After pausing the Stanley Cup tournament on March 12, the NHL announced its Return to Play plan at the end of May. The plan is to start with an eight-round qualifier with 16 teams to figure out who is moving closer to the coveted Stanley Cup. Naturally, Colorado sportsbooks took notice and offered lines on […]

Colorado sports betting couldn’t have had a more difficult start. The coronavirus pandemic took sports away, wiping popular betting lines out along the way. Colorado sportsbooks’ challenges only grew after narrowly missing the chance to offer lines on the 2020 NFL draft. The next major NFL betting events aren’t until fall–and that’s if the NFL […]

Governor Polis’ March closure of large gathering spaces put hundreds of casino workers out of work. Some have been furloughed and others have been laid off altogether. Casinos in the state as of this writing will remain closed until at least May 31, with more guidance expected in the coming weeks. While the unemployment numbers […]

The coronavirus pandemic has taken away–among other things–professional sports for millions of sports fans across the country. As a result, newly legal sportsbooks missed out on what should have been a thriving basketball season. Many sportsbooks have turned to alternative events to create betting lines on, like the NFL draft from April 23 to April […]

The global coronavirus pandemic has hit everybody hard, but casinos took an especially big hit. Casinos are more than just the gaming floors, they’re also the shops, restaurants, and hotels that customers pour money into during their visit. All those closures across the country have cost the U.S. economy: 652,000 casino and resort worker lay-offs. […]