Sportsbooks "Hold" Continuing to Increase

[Tanko]

After a conversation with KVB in the attached thead below about methods, tracking, vig, and, what you should look for in sportsbooks, I looked up the vig data on sportsbooks.

It shouldn't be a surprise to anyone that US books "hold" is continuing to increase every hear. The betting line odds we all see daily confirm that.

https://forum.bookmakersreview.com/...ions-are-a-waste-now.44020/page-2#post-367407

 

[Tanko]

Here is some 2023 data YTD by state on the Hold % for SPORTSBETTING.
Books in some states are really taking a lot from the bettors.

Lowest: Nevada 5.6%
Highest: Ohio14.2%

Ariz	8.0
Ark	8.8
Col	7.0
Conn	9.8
Wash DC	9.4
Ill	8.4
Ind	8.9
Iowa	7.5
Kansas	5.7
Lousisana	12.3
Maryland	12.1
Mass	8.4
Mich	8.8
Mississippi	10.3
Montana	13.7
Nevada	5.6
NH	9.0
NJ	7.7
NY	8.3
Ohio	14.2
Oreg	11.0
Penn	8.4
RI	8.4
SD	11.6
Tenn	10.7
Virg	9.9
WV	8.1
WY	10.8

 

[KingKolzig]

 

[jjgold]

Yes because of high juice nothing else

Vegas juice way tighter

Offshore way tighter

 

[Ace7550]

Most onshore books are garbage. Juice is crazy. Even Superbook adopted the 25 cent MLB model.
Atlantis (Reno) and Monarch Colorado (same company) best onshore books. Low juice.
Offshore still has low juice at many places. Especially compared to onshore.

 

[aikman.tr]

Players putting together 10 player prop parlays with -1000 legs is expensive. Not profitable

 

[Pimike]

Yes because of high juice nothing else

Vegas juice way tighter

Offshore way tighter

Is these other US shops know Joe blow bettor Johnny down tbe road will pay whatever juice for that team that has to win.

Just wait when the books claim a % fee off the winning tickets like Tijuana does.

or claim it’s to help the employees health care.

 

[Ace7550]

or claim it’s to help the employees health care.

So true...

 

[slickfazzer]

Higher juice, and parlays = great sportsbook hold.

 

[KVB]

After a conversation with KVB in the attached thead below about methods, tracking, vig, and, what you should look for in sportsbooks, I looked up the vig data on sportsbooks.

It shouldn't be a surprise to anyone that US books "hold" is continuing to increase every hear. The betting line odds we all see daily confirm that.

View attachment 16533

https://forum.bookmakersreview.com/...ions-are-a-waste-now.44020/page-2#post-367407

Good stuff Tanko, but proceed with caution here.

Those hold percentages might be including Futures as well, which will jack up the percentages.

A place like DK is not keeping 7% on a typical MLB game, for example, it will be more like 4% while a house like Pinny will be half that.

The point is still made, but even the lower hold books will spike at times, before tightening up.

 

[KingKolzig]

DK fanduel target poor ppl

linked right to joe plumbers bank account where it can be drained saturday night 2am

literally fanduel and bank account linked together for instant devestation

 

[Tanko]

Good stuff Tanko, but proceed with caution here.

Those hold percentages might be including Futures as well, which will jack up the percentages.

A place like DK is not keeping 7% on a typical MLB game, for example, it will be more like 4% while a house like Pinny will be half that.

The point is still made, but even the lower hold books will spike at times, before tightening up.

True. It is the total hold for the books but, I'm betting if I go through some historical odds data I have in spreadsheets, we'd see larger spreads on lines way above the typical vig of years gone by.
Right now, I'm a little too lazy to do it though.

 

[jjgold]

Also USA books great hold parlays and it is a big part of their volume

Dope gamblers

 

[Tanko]

Also USA books great hold parlays and it is a big part of their volume

Dope gamblers

This is a good point. KVB brought this up as well.
JJ, so can we assume that the states with books showing very high hold rates have "dumber" gamblers?

 

[KVB]

My Gawd to see some of the odds boosts from what are already terrible payouts just makes me sick.

Gamblers remain broadly misinformed, and continue not to care.

We need to open a domestic book, Gold, we can run it for real.

 

[thefix]

DK fanduel target poor ppl

linked right to joe plumbers bank account where it can be drained saturday night 2am

literally fanduel and bank account linked together for instant devestation

You mean the dreamers? So does the lottery I suppose.

 

[jjgold]

Every book in USA has high juice except Nevada not run by European firms

 

[milwaukee mike]

i'm baffled by the people waiting in line here in milwaukee, just to place a $100 bet on the brewers, and the guy behind him betting $100 on the braves... so they waited in line just to waste $10 in juice either way lol

 

[KVB]

Hey Milwaukee Mike, didn't know you were around these parts.

A good voice of reason and experience for any Forum.

Hope you are well.

 

[milwaukee mike]

Hey Milwaukee Mike, didn't know you were around these parts.

A good voice of reason and experience for any Forum.

Hope you are well.

thanks, but let's not get carried away