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How Offshore Sportsbooks Handle Action From Sharps

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BMR Genie

BMR Genie

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Jun 16, 2016
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It's a good read!

"In the world of sports betting, offshore sportsbooks are often misunderstood. Many bettors wonder if offshore sportsbooks can be trusted to handle significant action — especially from sharp bettors, or “sharps.” Sharps are professional bettors who know how to beat the odds consistently, and this makes them both admired by their peers and can garner negative attention from bookmakers.


Offshore sportsbooks offer a unique space in the betting world, particularly for sharp sports bettors who face restrictions at many regulated books. These sportsbooks are less constrained by the strict regulations that domestic books must follow, giving them the freedom to accept larger bets, employ flexible risk management strategies and foster an environment where successful sports bettors are welcomed, not restricted."

 

BMR Genie

BMR Genie

Joined
Jun 16, 2016
Messages
30,259
"Motivations for Accepting Sharp Bets

Why would any sportsbook willingly accept action from sharps? For offshore sportsbooks, sharp bettors bring several benefits:

  • Increased Liquidity: Sharps tend to bet large amounts, which increases available betting capital and attracts more recreational bettors looking for action. This higher liquidity can make markets more attractive to a wider audience.
  • Market Efficiency: Sharp action helps sportsbooks adjust their odds accurately, improving the overall efficiency of their betting markets. Sharps essentially act as a guide, pointing out inefficient odds that need to be corrected.
  • Loyalty and Trust: By fostering good relationships with sharps, offshore books often retain their loyalty, building a reliable base of high-volume bettors. This loyalty means that sharps are likely to keep returning to offshore books, providing a steady stream of high-stakes action."
 

btcfan

btcfan

Joined
May 31, 2023
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58
Nice article - only thing I saw is the inclusion of Bovada that I don’t agree with.

Bovada does not belong anywhere near an article about sharp bettors and the sportsbooks they use. Very recreational in nature.
No question. They are quick to limit, but I will give them this, at least in my experience...they limit you selectively if you beat them in one specific market. Still happy to leave sports open that you don't beat them in (or haven't yet). Doesn't help but I guess a tad better than mybookie who just shuts the door entirely (took me down to $10 on baseball team totals that I killed them on, and while I never bet it, $50 on NBA sides, $50 on NFL, etc). They are full rec, Bovada knows enough to leave something open you don't beat them on, at least in my experience. Still not worth much in that case either. lol
 

pipe

pipe

Joined
Aug 3, 2022
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5,183
No question. They are quick to limit, but I will give them this, at least in my experience...they limit you selectively if you beat them in one specific market. Still happy to leave sports open that you don't beat them in (or haven't yet). Doesn't help but I guess a tad better than mybookie who just shuts the door entirely (took me down to $10 on baseball team totals that I killed them on, and while I never bet it, $50 on NBA sides, $50 on NFL, etc). They are full rec, Bovada knows enough to leave something open you don't beat them on, at least in my experience. Still not worth much in that case either. lol
You're definitely a @btcfan now. 😝 😂 💪 👊
Nice article - only thing I saw is the inclusion of Bovada that I don’t agree with.

Bovada does not belong anywhere near an article about sharp bettors and the sportsbooks they use. Very recreational in nature.
100% Rec book all the fn way man ⛶ 👈 That's who they cater too always have.
 

btcfan

btcfan

Joined
May 31, 2023
Messages
58
Bookmaker a must on that list. Stake...eh...

Never said Bovada wasn't a rec book...just selectively limit and probably completely limit. All I can say from experience is I have been limited on baseball props there (limits down from $500ish to $100) but not on sports I don't bet. I don't know if they limit by sport, just my experience. No question a rec book. Lines are about as far from sharp as you can get. I still am sure they would be happy to book NFL sides from me as I have zero chance of beating those.
 

btcfan

btcfan

Joined
May 31, 2023
Messages
58
No

They cut my limits years ago. They are not on the level of the ones I listed

I'm talking about books for pros. Also origination is irrelevant. 5Dimes also used to originate but it was never a pro book
That is interesting. What were you betting if you don't mind sharing. I certainly am not a pro, but bet top down and have done well with it but not on pro better stakes. Props have been it for me for soft lines which I know if a red flag for books if you start winning on them so I wonder if it is a matter of time. Their props limits are small so maybe not so much? I hadn't heard that on BM/Cris before. I thought they didn't limit that often, ala Pinny, but maybe I just never heard about it.
 

Tanko

Tanko

Joined
Oct 27, 2021
Messages
42,475
No

They cut my limits years ago. They are not on the level of the ones I listed

I'm talking about books for pros. Also origination is irrelevant. 5Dimes also used to originate but it was never a pro book
Surprised by this.
I've heard of people being limited but usually in specific circumstances (6 figure bettors, live bets, etc..).
Can you provide any details on your circumstance?

BOL does limit bettors. I've read a number of posters indicate they are limited to on certain sports.
 
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Tanko

Tanko

Joined
Oct 27, 2021
Messages
42,475
On pre-game? Never heard of that. Live yes.

BM just doesn't handle the type of pre-game action that Circa/BOL/Pinnacle handle. Different class
I can't speak to BOL first hand, only what people have commented about on social media platforms.
I've not been limited there (not big enough player or good enough).

Can you describe in general how BM restricted you? This is good info.
 
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