European-Style Sportsbooks: Bad for Everyone
Types of Sportsbooks and the Right to Refuse Action
At least dozens and probably hundreds of sportsbooks in my lifetime have refused both indirectly and directly I actions. I think this is the case for anyone who has produced any good amount of money in sports betting.
I feel blessed that some of these actually paid me and honestly really don’t begrudge the majority of these books. I’m happy to acknowledge that many of what I beat these books on were matters that are one of the simplest to beat in sports betting – props, miniature sports, and ancient lines in medium-sized sports at which everything moves two points or equal. For the significant things I wager in the typical significant books which are comfortable booking the action, and have no trouble getting down to the day although I’ve been restricted to a level at a couple, sadly in the few bigger sports that I really like.
In my view, sportsbooks don’t have any type of moral duty to take a wager unregulated offshore sportsbooks. With controlled sportsbooks there is a little more of an argument 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 very tough industry to make any money, especially nowadays; if you look at the earnings reports of the major regulated books, they’re not too profitable. Most only make a pathetic proportion of their net win after paying taxes, marketing, and expenses, and a few actually lose money.
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