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Colorado native and famed oddsmaker Jay Kornegay is set to oversee the Superbook operations at The Lodge Casino in Black Hawk.
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Superbook is among the most well-respected names in the world of sports betting. For years, the property hosted the world's largest NFL handicapping contest.
Currently, the SuperBook at the Las Vegas Westgate Hotel has the world’s largest Race and Sports book with 30,000 square feet.
SuperBook will partner with Jacobs Entertainment in expanding to The Lodge in Black Hawk.
“Having Jay Kornegay lead this exciting opportunity is an added benefit Colorado fans are sure to appreciate,’’ JJ Garcia, vice president of operations for The Lodge and Gilpin Casinos, said in a press release.
“We believe The Lodge is a perfect fit for our initial expansion opportunities outside Las Vegas,’’ Kornegay stated in the same press release.
Voters narrowly approved a ballot measure back in November allowing the state to move forward with legalizing sports gambling in the state.
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Despite this widespread legalization, the industry remains largely unregulated outside of legal casinos and sportsbooks. It’s tightening up, but a gray area still exists. This means almost anyone can start a company or website and call themselves a handicapper. A handicapper is someone who studies games and makes an educated guess on which team is the smarter bet.
Many handicappers are in the business of selling picks to the public. This begs the question: Should you buy them?
The short answer is no. Handicappers are a dime a dozen and only a small minority are legitimate, transparent and successful long term. The vast majority of handicappers who sell picks cannot be trusted and should be avoided at all costs.
The dirty little secret with handicappers who sell their picks is that their No. 1 goal isn’t to win bets for their members. It’s to get people to buy their picks. Once you’ve purchased their picks, the handicapper has already won.
Sure, the handicapper wants the picks to win, which increases the likelihood someone will continue to buy them. However, many handicappers just concentrate on the here and now. If the picks lose and someone stops buying them, there will always be someone new willing to sign up and take their place.
- Aaron Goldstein, Gambling911.com
