1. #1
    LT Profits
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    New Jersey’s NFL Super Bowl Future Odds Are Total Ripoff!

    New Jersey’s NFL Super Bowl Odds Are a Total Ripoff


    The Highlights

    • Bettors are getting much worse odds on many trendy Super Bowl futures at New Jersey’s Monmouth Park compared to the Westgate Las Vegas SuperBook and the offshore book Bookmaker.eu.
    • For example, the San Francisco 49ers are 28-1 at Bookmaker.eu, 20-1 at the Westgate and 10-1 at Monmouth Park.



    New Jersey is officially open for betting business … you just might not want to bet there.


    The 2019 Super Bowl odds offered at New Jersey’s Monmouth Park are much less favorable to bettors than those posted at the Westgate Las Vegas SuperBook and Bookmaker.eu, a market-setting offshore sportsbook.


    Let’s use the San Francisco 49ers as an example. Here’s how their odds to win the Super Bowl compare across the market:



    • Bookmaker.eu: 28-1
    • Westgate: 20-1
    • Monmouth Park: 10-1


    Notice the discrepancy?

    Same thing goes for another polarizing team, the Oakland Raiders. Bookmaker.eu’s odds are at 30-1, compared to a laughable 12-1 at Monmouth Park.


    When looking at all 32 teams, Bookmaker.eu has the best Super Bowl price for 20 of them. Interestingly enough, Monmouth Park has 11 of the best prices, but that’s offset by how much the book has overpriced some of the more trendy teams.


    In total, Monmouth Park’s hold percentage — the cumulative implied probabilities of the Super Bowl odds for every team — comes in at more than 40% , higher than both the Westgate (34%) and Bookmaker.eu (23%). The higher the implied probability, the more the sportsbook is trying to squeeze bettors.


    We always advocate to shop for the best odds when looking to place a bet, and that appears like it will be especially important as more states enter the world of legalized gambling.

  2. #2
    USCPHILLYGUY
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    Then continue to wager offshore Simple solution.

    We get the fact you’re advocating for offshore. Will these threads continue

  3. #3
    USCPHILLYGUY
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    10k jobs lost in NJ between horses & casino industry. Finally people getting jobs back & the average bettor getting a chance to bet & nothing but negativity from SBR brass.

    Day fuckin one. Relax.

  4. #4
    jjgold
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    just like I thought

    It is for suckers

    Guys going to take it in the ass and I am betting -102 to -108 tops!!!

    It is a typical whore shit UK BOOK



  5. #5
    Sam Losco
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    Quote Originally Posted by USCPHILLYGUY View Post
    10k jobs lost in NJ between horses & casino industry. Finally people getting jobs back & the average bettor getting a chance to bet & nothing but negativity from SBR brass.

    Day fuckin one. Relax.
    its great for the average bettor sure, but people who are into it like many are here care about the best odds. the difference in lt profits example is really big

  6. #6
    jjgold
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    Quote Originally Posted by Sam Losco View Post
    its great for the average bettor sure, but people who are into it like many are here care about the best odds. the difference in lt profits example is really big

    good point..the average sucker will bet bad lines

  7. #7
    5mike5
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    Im shocked

    As expected odds suck and always will

  8. #8
    jjgold
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    If I lived in a state with legal wagering of course I’ll have one account but again my main base will be offshore

  9. #9
    LT Profits
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    Quote Originally Posted by USCPHILLYGUY View Post
    Then continue to wager offshore Simple solution.

    We get the fact you’re advocating for offshore. Will these threads continue
    Not the intent of the thread, you should know me better than that.

    Point is to educate others what the holds are, and yes these threads will continue as we learn the holds at each new state that opens sports books. People should use the info for comparative purposes and make their own choices. Also note that 11 teams have the best NFL Futures in New Jersey as of now, so it is not as if there are no opportunities stateside.

  10. #10
    TheSchafe
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    You play at Pinnacle Corbin? How?

  11. #11
    LT Profits
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    FYI, games have 20-cent lines just like Delaware. Not necessarily the exact same lines but the same lineset.

  12. #12
    TheSchafe
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    Quote Originally Posted by LT Profits View Post
    FYI, games have 20-cent lines just like Delaware. Not necessarily the exact same lines but the same lineset.
    Right. I thought taxes weren't trickling down to the player...I figured it would be all covered by the operation itself.

  13. #13
    icon
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    Betfair will be backing the sportsbook at The Meadowlands, shouldn't prices be better there?

  14. #14
    USCPHILLYGUY
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    LT nothing personal. I just see this passing as nothing but a positive. It goes w out saying that offshore will offer better lines. It you don’t mind the up & down of bitcoin & the waiting for you cash then carry on.

    I wonder the % of “professional gamblers” who post here

  15. #15
    LT Profits
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    Quote Originally Posted by USCPHILLYGUY View Post
    LT nothing personal. I just see this passing as nothing but a positive. It goes w out saying that offshore will offer better lines. It you don’t mind the up & down of bitcoin & the waiting for you cash then carry on.

    I wonder the % of “professional gamblers” who post here
    Waiting for one day at most to get paid (usually same day) at Heritage not a big deal.

  16. #16
    jjgold
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    Nope

    The betfair UK sports book is terrible juice very high

    It might be a tad better than William Hill


    Bottom line you’re just going to get generic lines at these legal books

    Quote Originally Posted by icon View Post
    Betfair will be backing the sportsbook at The Meadowlands, shouldn't prices be better there?

  17. #17
    ikid2groove415
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    Discount shoppers? Big whales don’t have time

  18. #18
    LT Profits
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    Quote Originally Posted by ikid2groove415 View Post
    Discount shoppers? Big whales don’t have time
    Sure they do, biggest whales need to line-shop the most.

  19. #19
    jjgold
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    Recreational book

  20. #20
    pavyracer
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    They are not a ripoff.

    1. No fees like offshore deposits require.
    2. No need to provide credit card, phone number and driver's license to strangers like offshore.
    3. No need to call 25 times to request a payout in bitcoins..lol
    4. You get paid real cash as soon as game is over that you can use instantly.

  21. #21
    A Quant
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    Wait, Monmouth Park offers the best prices on 1/3 of the NFL teams, and you're claiming they are a "rip off"?

    WHAT?

    Let me repeat that. They offer THE BEST PRICES ON 1/3 OF ALL NFL TEAMS. THE BEST. ON. 1/3 OF THE NFL.

    A smart gambler, ya know, which the OP is not, would know and understand how to shop for value. If Monmouth Park offers you the best value, THAT IS WHERE YOU PLAY.

    Jesus.

  22. #22
    Mac4Lyfe
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    • Bookmaker.eu: 28-1
    • Westgate: 20-1
    • Monmouth Park: 10-1



    WOW! Talk about no Vaseline...

  23. #23
    ikid2groove415
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    It’s not that hard too put odds out fellas? Monmouth Park knows something

  24. #24
    Rich Boy
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    Futures are easy for books to fleece bettors since its difficult to calculate hold% or juice for average squares

    I wonder what kind of lines they will offer on spreads. Most likely -110, but if they have stale numbers they could get hammered. They might even shade favorites knowing how much square action they will be getting from the average joe. Could be a dog players dream

  25. #25
    jjgold
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    Nobody hammering anything with 1000 limits

  26. #26
    LT Profits
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    Quote Originally Posted by A Quant View Post
    Wait, Monmouth Park offers the best prices on 1/3 of the NFL teams, and you're claiming they are a "rip off"?

    WHAT?

    Let me repeat that. They offer THE BEST PRICES ON 1/3 OF ALL NFL TEAMS. THE BEST. ON. 1/3 OF THE NFL.

    A smart gambler, ya know, which the OP is not, would know and understand how to shop for value. If Monmouth Park offers you the best value, THAT IS WHERE YOU PLAY.

    Jesus.
    Should clarify, 11 teams have the best price among the 3 (Monmouth, Westgate, Bookmaker), poor wording by me implying the entire market. BUT those 11 teams are all longshots, the teams with the realistic best chances are the ones with the ridiculously deflated prices, and the 40%+ vig overall is on par with The Greek for the worst NFL Futures vig I have seen.

  27. #27
    jjgold
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    William Hill the king of making money and eliminating any winning players

    Lots of NJ will get banned if they bet weak /offf lines It’s their business model

  28. #28
    Chi_archie
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    what a rip

  29. #29
    KVB
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    Quote Originally Posted by jjgold View Post
    William Hill the king of making money and eliminating any winning players

    Lots of NJ will get banned if they bet weak /offf lines It’s their business model
    Regulators going to step in and clean this shit up.

    After all, they have to protect the customers.

    Before it was just shady and you had no recourse, now there are laws. The right to refuse service goes only so far.

    I think.

  30. #30
    LT Profits
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    Quote Originally Posted by Rich Boy View Post
    Futures are easy for books to fleece bettors since its difficult to calculate hold% or juice for average squares

    I wonder what kind of lines they will offer on spreads. Most likely -110, but if they have stale numbers they could get hammered. They might even shade favorites knowing how much square action they will be getting from the average joe. Could be a dog players dream
    Yes to -110 as I mentioned earlier. And it is actually very easy to calculate vig, just convert all odds to decimals and add them up. The overround (amount above 1.00) is the vig.

  31. #31
    GiveMeaBJ
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    The odds are going to be shit but for a day at a live book just the experience alone for us in Jersey is worth the extra juice

  32. #32
    LT Profits
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    Quote Originally Posted by A Quant View Post
    A smart gambler, ya know, which the OP is not, would know and understand how to shop for value. If Monmouth Park offers you the best value, THAT IS WHERE YOU PLAY.
    First, I have probably been betting for longer than you have been on earth, so get that shit outa here!

    But more on point, even with 11 teams having better odds than Bookmakers and Westgate, there is the horrendous 40+% vig overall, and as I pointed out that is due to the severe gouging of the odds of realistic contenders. So if you want to bet the Browns or Dolphins to win the Super Bowl, by all means head to Monmouth.

  33. #33
    jjgold
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    Quote Originally Posted by KVB View Post
    Regulators going to step in and clean this shit up.

    After all, they have to protect the customers.

    Before it was just shady and you had no recourse, now there are laws. The right to refuse service goes only so far.

    I think.
    No sir..I was banned at William Hill Vegas in under 3 months betting baseball when I lived in Vegas

    I took totals @ $1000 per bet and ML or RL's at $2000 and then betting other side at Pinnacle for small profits

  34. #34
    Rich Boy
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    Quote Originally Posted by LT Profits View Post
    Yes to -110 as I mentioned earlier. And it is actually very easy to calculate vig, just convert all odds to decimals and add them up. The overround (amount above 1.00) is the vig.
    Im not as optimistic LT, alot of dummies around here.

  35. #35
    Rich Boy
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    Here in Canada we have government run lottery with terrible juice aswell... The hold is unreal, but they offer stale lines and you can definitely hammer them on dog odds

    I would suspect something similar with the amount of squares betting the Yankees and Patriots in the US, books would gladly juice up those favorites

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