Originally Posted by cyberbabble View Post
Your main problem is that you are trying to compete with the toughest people in the world. There are a lot of people in Las Vegas trying to do what you want to do.
I haven't identified any direct method of gaining an edge in the Nevada market. I have an indirect edge at Caesars NV sportsbook via tier bonuses and casino point redemptions. My other NV sportsbook action is mainly for arbing or hedging. But that could change if I remain alert.

As for competition, I hope to pick up some of the larger crumbs. It's not obvious to me that Nevada is the epicenter.

Legal Sports Report has 3rd quarter data. I don't see a compilation, so I'm totaling the months manually.

IL 1.95b handle, 175m revenue
NJ 2.6b handle, 265m revenue
NV 1.65b handle, 95m revenue
NY 3.85b handle, 365m revenue
PA 1.45b handle, 135m revenue

I see at least three states exceeding NV in action, while achieving much higher hold percentages. I don't even know how that's possible to hold 10% in sports. Possibly the big holds are unfriendly to APs, but in the northeast they have the ability to play multiple states assuming there's an associated benefit. If I'm in NV, I have no access to other betting states except possibly AZ.

Think about offshore. Offshore is mostly bitcoin now. There are some easy ways to get started in bitcoin. It's not that difficult. You don't need to understand bitcoins.
That's the imminent plan, but my first impression is not favorable. I see too many steps where I'm potentially exposed to fees. I have to maneuver my money through an exchange, a wallet, and a sportbook. And at each end there's a currency conversion between USD and crypto.

You can get some bonuses. You can compare lines with LV, bet both sides of a game in two places and grind out most of the bonus amount.
Someone has been reading my mind. Yes, I'll definitely do some of that. I don't want to rely excessively on hedging, but in moderation it can take a nice bite out of the risk.