How Offshore Sportsbooks Handle Action From Sharps

[sportsbettor5]

You gotta throw these books some square action and sometimes add parlays to your repertoire and then you will stay undetected and keep your limits. It has worked for me. Small price to pay for keeping limits at Bookmaker or any book for that matter.

Not necessary to do this at Circa, Pin, BOL

 

[jjgold]

Bookmaker still takes a bet

 

[nasios]

Nice thread!

BOL indeed lowers the limits.

I am used to see a sharp bookie - the sharpest one - as a black hole which swallows everything around it and does not give room eventually for the existense of other wannabe sharp bookies.
In other words, I believe there is a tendency/power which forces the dominance of one and only truly sharp bookie over the others.

I believe too however for the good of the betting community - shops n players - in a hybrid bussiness model among the sharp/soft models. Bookies can provide lower limits for sharps, that way, they can evaluate their valuable information - bookie buys information in a 'low' price - and adjust the lines to the market price.

This is what BOL does I think and I consider it a very sophisticated and advanced business model. I wish other bookies would integrate this approach too instead of cutting down to the hell the stakes. Very outdated approach which damages their reputation.

 

[martinhop]

Anyone bets at 4 casters?

 

[jjgold]

Not many big limit books anymore

 

[doorknobs]

You'll just have to play a bit of, well, jurisdictional arbitrage and you'll be fine, although it is annoying, mostly because I spent quite some time automating the process and now I can't.

At BM, you can avoid getting limited if you idly play their fairly predictable slots and all that crap once in a while. But that is still work. BOL doesn't require you to do that, but they have a slightly more complex system to prevent automation. But there's no perfect solution.

What I don't understand is - all this limit crap is to ensure a level of liquidity, caused by overspending on advertising. Sit in on the earnings calls and you'll hear it. Except you don't need to really advertise gambling. I thought that was obvious, but then again, I also thought that the books would one day hire subject-matter experts instead of math PhDs who barely watch sports. Then 3 major chains offered my cousin a job while flying back to Vegas from Seattle after leaving UW with his newly minted PhD. The kid is smart but a little bit of NBA is all he watches. When my aunt married a guy whose last name is Rose he insisted on renaming my cousin "Peter" and my cousin didn't get the joke. He goes by Bob now. And makes decent money working remote in tech. Those are the kids you hire to make sure that your opening line will beat the average punter, but if you don't watch the sport fundamentally you'll hit a ceiling. That's why Spring Training games are all free money and as are South American youth tournaments. Or Crystal Palace, away, dogs, ML.

Instead, Boyd straight up asked the gaming board for taxpayer dollars and tried to stop iGaming based on "datacenter capacity not being available in Nevada". Some of us nerds read your stupid comments, guys, fyi, and when Google is building a facility in Henderson I don't know what kind of capacity you need. 5 randos basically got Nevada to legalize iGaming and badgered our reps to not give them protectionist money. We don't even know each other.

You can get rid of the restrictions legally, but you can't get rid of the rent-seeking and gladhanding and passing their crap choices onto taxpayers and blame everyone but themselves. At least we have a system to stop their shenanigans, but this is also not Nevada's first rodeo, while the same can't be said for pretty much any other state. And it affects everyone, it's just a matter of degree. Utterly ridiculous.

BTW, if you do write to the admin agency in your state, be nice to the clerks. They have a hard enough job already and at the same time, just by re-ordering how the comments are read, can establish the tone of a meeting. You want grassroots change? This is actually how you do it.