European-Style Sportsbooks: Bad for Everyone
Types of Sportsbooks and the Right
Both indirectly and directly I have been refused action by dozens and probably hundreds of sportsbooks in my own life. I think this is the case for anyone who has made any amount of money in sports.
I don’t begrudge the majority of these books and frankly feel blessed that some of them paid me. I’m not too proud to admit that many of what I overcome these books on were matters which are one of the simplest to overcome in sports gambling – props, miniature sports, and early lines in medium-sized sports where everything goes two points or equivalent. For the big stuff I bet at the typical significant books that are comfortable booking the action, and have no trouble getting down to the day although I’ve been limited to a level at a couple, unfortunately in the few bigger sports that I love.
In my view, sportsbooks do not have any sort of moral duty to take a bet offshore sportsbooks that are unregulated. With controlled sportsbooks there’s a bit more of a debate to be made, but even regulated sportsbooks are quasi-private businesses that exist to create money, and can not be expected to have a beating from sharps and do nothing about it. And it is a really hard industry to earn any money, particularly today; if you have a look at the earnings reports of the major controlled books, they’re not all that profitable. Most simply make a pitiful percentage of the win after paying taxes, marketing, and expenses, and some lose money.
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