Professional Sportsbetting

[Don Perignom]

My first impressions are damn that's a lot of work, also, imagine having an edge big enough that you can pay 20% of the earn to whom you use their accounts, and also fade the risk of not getting paid

I assume many of the problems could be avoided by screening out the stupids, but they may be the only ones willing to participate. I think most normals would view it as a somewhat shady endeavor.

[Don Perignom]

BetOnline has discontinued its reload bonuses.



The reloads were not the world's greatest. Typical sports reload was 25% with 6x rollover, which worked out to 3.33% nominal value. But the bonus was awarded in free play with very restrictive rules. Only certain bets were allowed, with max odds of +150. As restricted, effective value was only around 2% unless I missed an angle of attack.

[AxelWolf]

BetOnline has discontinued its reload bonuses.



The reloads were not the world's greatest. Typical sports reload was 25% with 6x rollover, which worked out to 3.33% nominal value. But the bonus was awarded in free play with very restrictive rules. Only certain bets were allowed, with max odds of +150. As restricted, the effective value was only around 2% unless I missed an angle of attack.

I saw that as well and wondered why they would change something they have been doing successfully for years.
FYI they often offer up to 100% reload bonuses with 12x roll about once every few months or so. IIRC there's usually a 1k cap.

I was wondering, with the gaining popularity of sports betting and the growing trend of how to gain a legit advantage, Ie podcasts, YouTube, edge-seeking software, Billy's new book The Syndicates, and multi-accounting trends(as what's been being talked about as of late) if they are getting hit a lot harder on bonuses by the SHARPS, and it's just costing them too much money?


Or, are they just following some other new trend by the bigger regulated places?

[MaxPen]

What would happen if someone created a sports book with 50% less vig and no promotions?

I kind of think they would kill it.

[smurgerburger]

What would happen if someone created a sports book with 50% less vig and no promotions?

I kind of think they would kill it.

That's what Pinnacle did AFAIK and they did kill it before being forced out of the US market.

You do need to be sharper about setting lines though.

[redietz]

BetOnline has discontinued its reload bonuses.



The reloads were not the world's greatest. Typical sports reload was 25% with 6x rollover, which worked out to 3.33% nominal value. But the bonus was awarded in free play with very restrictive rules. Only certain bets were allowed, with max odds of +150. As restricted, the effective value was only around 2% unless I missed an angle of attack.

I saw that as well and wondered why they would change something they have been doing successfully for years.
FYI they often offer up to 100% reload bonuses with 12x roll about once every few months or so. IIRC there's usually a 1k cap.

I was wondering, with the gaining popularity of sports betting and the growing trend of how to gain a legit advantage, Ie podcasts, YouTube, edge-seeking software, Billy's new book The Syndicates, and multi-accounting trends(as what's been being talked about as of late) if they are getting hit a lot harder on bonuses by the SHARPS, and it's just costing them too much money?


Or, are they just following some other new trend by the bigger regulated places?

Q: What's the dead giveaway that a sports bettor is a square?
A: They call themselves a sharp.

Nothing says "expertise" like picking your own snappy moniker:

[Don Perignom]

What would happen if someone created a sports book with 50% less vig and no promotions?

BetOnline has a skin called LowVig, but the differentiation is narrow because BetOnline is not always full-juice, and LowVig is not always reduced. For example, Bucks/Pacers NBA game today. LV has the point spread at -106/106 while BO has full -110/-110 odds. But they're identical on money line (+220/-260).

On MLB, they're both reduced. Dodgers/Blue Jays money line is -116/+106 at both sites.

The other possible attraction of LowVig is tolerance:



BetOnline only wants recreationals:

[Don Perignom]

I was wondering, with the gaining popularity of sports betting and the growing trend of how to gain a legit advantage, Ie podcasts, YouTube, edge-seeking software, Billy's new book The Syndicates, and multi-accounting trends(as what's been being talked about as of late) if they are getting hit a lot harder on bonuses by the SHARPS, and it's just costing them too much money?

Or, are they just following some other new trend by the bigger regulated places?

Screening tools really streamline the process for a motivated individual. But I don't know many individuals are motivated. Seeing 8% profit margins for the regulated books, I have to assume APs aren't a major nuisance domestically. Offshore, I don't know enough about business models to speculate on their circumstances.

From BetOnline's perspective, I can imagine they get a lot of complaints about rules and red tape. Maybe they're trying to carve out a niche apart from the other offshore operators. I would love to see a few of the domestic books offer more frequent bonuses, but with protective playthrough requirements -- something like the DraftKings signup bonus: $1000 with 25x (bonus) playthrough. That's adequate incentive for me, and it protects the operator somewhat.

[mcap]

BetOnline has discontinued its reload bonuses.



The reloads were not the world's greatest. Typical sports reload was 25% with 6x rollover, which worked out to 3.33% nominal value. But the bonus was awarded in free play with very restrictive rules. Only certain bets were allowed, with max odds of +150. As restricted, the effective value was only around 2% unless I missed an angle of attack.

I saw that as well and wondered why they would change something they have been doing successfully for years.
FYI they often offer up to 100% reload bonuses with 12x roll about once every few months or so. IIRC there's usually a 1k cap.

I was wondering, with the gaining popularity of sports betting and the growing trend of how to gain a legit advantage, Ie podcasts, YouTube, edge-seeking software, Billy's new book The Syndicates, and multi-accounting trends(as what's been being talked about as of late) if they are getting hit a lot harder on bonuses by the SHARPS, and it's just costing them too much money?


Or, are they just following some other new trend by the bigger regulated places?

Q: What's the dead giveaway that a sports bettor is a square?
A: They call themselves a sharp.

Nothing says "expertise" like picking your own snappy moniker:

Suckers and sharps, squares and sharks, contest bettors and stardust and circa grinders, tipsters and gypsters, handicappers and scamdicappers.

[mickeycrimm]

Q: What's the dead giveaway that a sports bettor is a square?
A: They call themselves a sharp.

Nothing says "expertise" like picking your own snappy moniker:]

Can you name anyone that called themselves by that exact word, "sharp?"
NO YOU CAN'T!

All you do is smear other sports bettors. It's obvious a lot of the noted sports bettors that have been featured in this thread have you way outclassed. You are not particularly good at what you do compared to these other guys. So you may as well continue crying about it like a little bitch.

PS: Have you gotten that credit card information to Druff yet? Hahahahahahahahahahahaha!!!

[mcap]

Mickey, redeitz posted pictures from real Las Vegas sports books like Circa, you just take pictures of parking lots of rural casinos.

[Don Perignom]

Proofreading, what is it?

LV has the point spread at -106/106

Low vig indeed! Should've been "minus" on both sides: -106/-106.

But I don't know many individuals are motivated.

I don't know what I was trying to say there. Let's just move on.

[accountinquestion]

What would happen if someone created a sports book with 50% less vig and no promotions?

I kind of think they would kill it.

Recs don't care much about some things but they do like bonuses. So you are self-selecting the far less profitable bettors. Then on top if that it is far easier for people to find value because less vig to overcome. I'm not convinced

Having sharp enough lines to not have to worry about kicking ppl off seems to be the biggest benefit and the advertising that creates.