OT: Legalized Sports Betting

[whaler11]

If this is what it looks like they may as well have not wasted the SCOTUS’ time.

 

[Purple Stein]

What a joke! This is like the Bed, Bath, and Beyond of sportsbooks.

 

[whaler11]

What do you want it to look like?
At least it’s here (At least NJ, CT cannot get out of its own way).
Would like to know when Union Joe and the gang are gonna meet so CT can get on board.

I assume you are asking because you really don’t know - but at that much juice they may as well have skipped it. They won’t get any of the current market and the new market will be limited to people who don’t understand they have better options.

 

[Nostical]

One major key to the success of this new paradigm will be the ability to easily make online deposits with ordinary credit cards. Unless current restrictions are lifted it will be a pain for most of the public. I haven’t been following that element of the issue close enough to know where it’s headed, but it’s vital.

 

[whaler11]

One major key to the success of this new paradigm will be the ability to easily make online deposits with ordinary credit cards. Unless current restrictions are lifted it will be a pain for most of the public. I haven’t been following that element of the issue close enough to know where it’s headed, but it’s vital.

lol paradigm

At those vigs it doesn’t matter.

Turning it over to FanDuel/William Hill etc makes it a worthless endeavor.

 

[firstnline]

I can't wait to see what Mohegan Sun does for NFL and College football. I go to Derby day every year at the casino and I have a blast with my son. We actually win money some years and some years we come close to breaking even. I'm wondering if they will have a certain room or spot specifically for sports betting like Racebook for horse wagering. Has anyone heard anything.

 

[whaler11]

One major key to the success of this new paradigm will be the ability to easily make online deposits with ordinary credit cards. Unless current restrictions are lifted it will be a pain for most of the public. I haven’t been following that element of the issue close enough to know where it’s headed, but it’s vital.

This is way worse than even I expected.

I suspect even you get this.

 

[Nostical]

What’s wrong with that? I bet Jon Rahm at +1200 and Patrick Cantral at +3000. Enjoy the tournament.

 

[methodology]

What’s wrong with that? I bet Jon Rahm at +1200 and Patrick Cantral at +3000. Enjoy the tournament.

Lol

You could have got +2700 or better for Rahm and +4000 or better for Cantlay at a legitimate book.

If you don't understand the difference in the vig you should just stop gambling all together

 

[J187Money]

That’s the beauty of it. Brings in all kinds of dumb money.

 

[Nostical]

Sure there are better odds out there but for those concerned about “legality” it opens the market to many more “customers”

 

[methodology]

@Nostical

Just because its legal doesn't mean you should willingly allow yourself to be robbed and shakedown

They are literally robbing money from anyone using the legalized places.

 

[whaler11]

That’s the beauty of it. Brings in all kinds of dumb money.

Short term margin play. There is a limit to how much money is that dumb.

The top three favs on that bet have a implied 176% chance of winning.

They may as well pay 1/3 on a coinflip.

 

[J187Money]

Short term margin play. There is a limit to how much money is that dumb.

The top three favs on that bet have a implied 176% chance of winning.

They may as well pay 1/3 on a coinflip.

Of course - and the market will adapt.

 

[Nostical]

Meanwhile Buffalo Wild Wings is exploring putting (newly legal) sports gambling into all of their restaurants. If this takes place BWW will become America’s local sports book. I don’t think those who go to watch, chow, and now bet—will be too concerned over the vig.
FYI, BWW was taken private and is now part of Inspire with Arby’s. (Watch for a future IPO.)

PS—I plan on cashing one of my PGA tickets.

 

[whaler11]

Meanwhile Buffalo Wild Wings is exploring putting (newly legal) sports gambling into all of their restaurants. If this takes place BWW will become America’s local sports book. I don’t think those who go to watch, chow, and now bet—will be too concerned over the vig.
FYI, BWW was taken private and is now part of Inspire with Arby’s. (Watch for a future IPO.)

PS—I plan on cashing one of my PGA tickets.

I guess I shouldn’t be surprised you assumption is people are that stupid.

 

[J187Money]

I guess I shouldn’t be surprised you assumption is people are that stupid.

There is plenty of evidence to support that assumption.

 

[whaler11]

There is plenty of evidence to support that assumption.

There are plenty of stupid people but the idea that there is some huge market of people willing to pay more because it’s ‘legal’ is going to prove untrue.

You can pay 10 cents on an app that may as well be legal or pay 20 cents to BWW? Most people are going to figure out pretty quickly they have better options.

We already saw it at DK and FD - regular people got killed by quants and their traffic and play died.

 

[J187Money]

There are plenty of stupid people but the idea that there is some huge market of people willing to pay more because it’s ‘legal’ is going to prove untrue.

You can pay 10 cents on an app that may as well be legal or pay 20 cents to BWW? Most people are going to figure out pretty quickly they have better options.

We already saw it at DK and FD - regular people got killed by quants and their traffic and play died.

Like I said - the market will evolve accordingly. I think the BWW thing is interesting because when people are live, in person, and drinking they probably care less. I think the casinos will have to be more efficient over time.

But the "legal" thing is a real thing. I haven't placed a bet outside of Vegas in years, because I don't have access to a bookie anymore, and with all of the travel I do the cash settling just makes it a non-starter for me.

 

[AD DB Burner]

View attachment 33598


This is way worse than even I expected.

I suspect even you get this.

You are looking at a prop on the top finisher of the past PGA Championship winners only. This has nothing to do with the rest of the field, so of course the odds won’t be close to what you would traditionally see.

 

[AD DB Burner]

If this is what it looks like they may as well have not wasted the SCOTUS’ time.

These odds are right in line with what you see for baseball at all books.

 

[whaler11]

These odds are right in line with what you see for baseball at all books.

LoL no

 

[whaler11]

You are looking at a prop on the top finisher of the past PGA Championship winners only. This has nothing to do with the rest of the field, so of course the odds won’t be close to what you would traditionally see.

LOL nice trolling attempt.

 

[whaler11]

These odds are right in line with what you see for baseball at all books.

On the outside chance someone here might learn something.

Today’s ATL/WAS game is -110/+100 at legal establishment Stations.

That’s an implied 52.3% chance ATL wins and a 50% chance that WAS wins =102.3.

The Mets game above was -125/+105 which is 55.5%+48.8%=104.3%.

And that’s the most competitive line anyone in the new states has offered.

The golf bet is patently ridiculous. The first 6 favorites add up to ~300%.

 

[methodology]

On the outside chance someone here might learn something.

Today’s ATL/WAS game is -110/+100 at legal establishment Stations.

That’s an implied 52.3% chance ATL wins and a 50% chance that WAS wins =102.3.

The Mets game above was -125/+105 which is 55.5%+48.8%=104.3%.

And that’s the most competitive line anyone in the new states has offered.

The golf bet is patently ridiculous. The first 6 favorites add up to ~300%.

It's absolutely ridiculous they have 3 players - moneyline for golf. I have to imagine a real book didn't have anyone better than +500