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Anyone else get a $50 free bet at Heritage for the NFL Hall of Fame Game Aug 1

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KVB

KVB

Joined
Apr 11, 2023
Messages
12,697
Weak sauce by them to limit you under 100K of their money.
I know that's meant to be a joke but it actually gets to the underlying problem I have with Mickey Mouse shops in general.
If I win $5,000 that means some other guy lost $5,000. That is if they are any good at making book.
I bet $5,000 on the Giants +100 and some other guy bets $5,200 on the Dodgers -108. Heritage makes a small percentage for taking the action no matter who wins or loses. It shouldn't matter to Heritage who wins and loses. They should be concentrating on making sure they have the same amount of action on both sides.
And if you think I'm so smart then label me sharp, take my action, and move your lines when I bet. That's what real sportsbooks do, places like Bookmaker, Circa, BOL, Pinny etc.
Booting sharps is the biggest pussy move a sportsbook can make.

Uhhh, that's not how it works.

At least not usually.

Good risk management should ID you before you win all that cash. After all, how do they know you didn't just get lucky and will lose it all back eventually?

There are better metrics than profit and loss to determine sharp players, there always have been.

Crazy if Heritage threw out all that risk managment to just care about how much money one player won (past tense on purpose), as that of course is done after the fact, but maybe they have by now, if their bokkmaking has failed them.
 

JDS

JDS

Joined
Dec 11, 2021
Messages
45,077
Uhhh, that's not how it works.

At least not usually.

Good risk management should ID you before you win all that cash. After all, how do they know you didn't just get lucky and will lose it all back eventually?

There are better metrics than profit and loss to determine sharp players, there always have been.

Crazy if Heritage threw out all that risk managment to just care about how much money one player won (past tense on purpose), as that of course is done after the fact, but maybe they have by now, if their bokkmaking has failed them.
So you’re saying sharp players are usually limited before they can even really make any real money ? Good thing I’m not sharp and closer to square with my betting patterns. I’m sure the way you bet you‘ve been limited rather quickly. Although I’ve heard you talk about betting like a square to throw them off, as they track your metrics.
 

KVB

KVB

Joined
Apr 11, 2023
Messages
12,697
So you’re saying sharp players are usually limited before they can even really make any real money ?

Every bettor goes through win streaks and losing streaks, especially short term. That means you really can't judge a bettor based solely on some winning or losing.

Better to assess their margins and closing value vs your own book and the market as a whole, among other things.

But not sure what's going on in the back office of Heritage, when books get a reputation for paying and taking action, they tend to attract sharper bettors looking to get down. If you do too much of that, you might find your bottom line hurting. It looks like Hertiage, over the last couple of years, drop the ball in risk management and had to cut everyone.

Not sure what happened there, possibly a change in management or risk managament employees, or possibly a change in financial backing.
 

KVB

KVB

Joined
Apr 11, 2023
Messages
12,697
First time I was ever limited at Heritage was in the golf matchups.

Not even sure I was in net profit with those bets before I got limited.
 
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JDS

JDS

Joined
Dec 11, 2021
Messages
45,077
First time I was ever limited at Heritage was in the golf matchups.

Not even sure I was in net profit with those bets before I got limited.
Ok I see thanks for explaining. Yeah I’ve never been limited anywhere, but I’ve been stripped of any kind of bonus packages or betpoints rewards at most books where I play because I have their money.
 
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