US Sports betting in states outside of Nevada may be nearing reality. But that doesn’t mean it will be a business success. Even as major professional sports leagues like the National Basketball Association open their eyes to the multibillion-dollar opportunity with the sports wager industry, their ideas on how to get a piece of the action may impede the ability to attract gamblers away from illegal betting and offshore markets. The NBA, in particular, is being “short-sighted” in requesting a 1 percent cut on all bets, says Twitter v.p. of Analytics Jeff Ma. Ma, who was one of the leaders…

This Week in Gambling ~ By Gayle Grant for GamblingPlex.com ~ Not quite sure how to play roulette? We will show you how in our quick guide. Before you begin, make sure you know this: Play for fun. You can’t guess the numbers to come, it’s a game of luck and skills, but mostly luck. There are various strategies that will help you increase the chance of winning, but don’t take the game too seriously. For beginners combo bets are the best option. This includes even/odd and red/black combinations. You will be better off betting on more than one number…

Bloomberg – Roughly 100 percent of lottery tickets are currently sold by retailers—gas stations, supermarkets, or convenience stores—that do little more than print tickets with numbers. It was only a matter of time before someone made apps for that process. Shoutz, an Austin (Tex.)-based startup, announced an agreement Tuesday with the Mega Millions lottery that will bring the game to its LotteryHUB mobile app, which launched in September with the rival Powerball lottery game. Now the two largest forces in the $78 billion per year U.S. lottery industry will share a mobile platform that covers the vast majority of the country,…