More books in the United States have closed and went bankrupt than offshore the last 10 years go figure
Correct - but 2 reasons for that.
1. The number of new legal books that have opened the last 10 years in the US far out numbers the new offshore books - despite the fact all that is needed to open an offshore book is a PPH provider and to open a legal book requires a ton of payoffs and kissing local legislatures ass.
2. Offshore books don’t go “bankrupt” they go full on stiff mode until they can no longer sucker even the most clueless player into depositing - and then they change names (both the book and the management) and start all over again with the same ridiculously high deposit promos while working old client list. Legal books on the other hand don’t have that option - they have million dollar recourse bonds ensuring they pay every cent they owe - so shutting the doors totally generally guarantees a bankruptcy filing as no one is buying these days.
Overall - the market is screaming for a well managed, high volume player alternative in my opinion. An option that exist to service the top tier sports bettor including live betting that’s not an exchange and who can routinely deal -105 style pricing. You would position yourself at or near the exchanges on pricing and cater to a market that’s overlooked in the current legal operations landscape and who values the protection betting with a legal book offers.
