ESPN claims sports books will soon crackdown on smart money

[15805]

its not smart money because no such thing

it is scalpers only

I was banned for scalping from Millennium, Jaguar, Sportsinteraction, Bo Dog, along with a few I forgot about.
The heyday of Scalping for the most part ended when Bill Frist attached an anti-gambling bill to
a bill that had to pass the senate in 2007.

[TheScientist]

Betfair, a betting exchange did a survey of its customer base,...80,000 customers, 3,000 of them were consistent winners (3.75%), so the idea that no one wins is ludicrous. There are winners and for those who say there aren't it is pretty obvious who a losing bettor is, look in the mirror.

Betfair has lower vigorish so one would assume that they would attract the intelligencia of a betting population shopping for the best deal, as you would for a car, a television or whatever.

So 3.75% of the betting population AT MOST are winners in any one sportsbook and the sportsbooks want to ban/limit the 4%, when the house has a 10% rake?

That is pure unadulterated greed.

Great that the USA has some players betting proponents in legislatures letting them know what REALLY happens with the likes of William Hill. You win, you're out and we'll make up any ole excuse like they may be doing illegal stuff, or they are probably money launderers so we had to kick them out to protect the nation, blah, blah, blah.

The ultimate outcome will be that a HUGE corporation (or egads, the government?!) will see the possibilities of having a risk-free money flow (Amazon, Apple, Google, etc.) by operating an exchange where when team A plays team B, for every 10,000 dollars bet on team A there must be 10,000 dollars bet on team B (matching bets) and the house collects a 2-5% commission, very similar to parimutuel horse racing or how a casino operates a poker table or even government run lotteries

THEN, the house doesn't care what punter wins, the house gets their money with absolutely no risk on their part and there is no banning, limiting, or ridiculous accusations of players arbing or line shopping.

Not many poker players are getting kicked out of a poker room because they are winning is there? You don't hear the lottery companies complaining that John Doe just made 20 million because his numbers came in, so we'll ban him for life from now on.

Now, those William Hill-type operators will try to line the pockets of the decision-makers in legislatures to get an innovation like an exchange from happening, but eventually it will happen and the days of William Hill like operators will be a thing of the past.

[2daBank]

Bull shit jj there is smart money

Only smart money left is desperately fighting to climb out of goldys drawers

[2daBank]

Nobody can predict player performance for profit


95% of people banned at books are ARBERS

If you were half as smart as that money you would know that while there thruth in your statement based off a individual event, it still bogus because some folks can and do predict player/team performances at a winning clip over 1000s of plays.

[Inkwell77]

Anyone defending William Hill is a moron.
There are so many reasons, pointed out in this thread, that show they are liars.

It just blows my mind that gamblers defend these greedy scumbags.

[jbayko]

Betfair, a betting exchange did a survey of its customer base,...80,000 customers, 3,000 of them were consistent winners (3.75%), so the idea that no one wins is ludicrous. There are winners and for those who say there aren't it is pretty obvious who a losing bettor is, look in the mirror.

This is great info. Do you have a link to this study? I wasn't able to find anything by way of a quick Google search.

[Brooklyn Dick]

The people defending this scum bag operation are the born losers who have been trained over the years to give away their money with no hope of ever being anything but a loser.

[StackinGreen]

If you were half as smart as that money you would know that while there thruth in your statement based off a individual event, it still bogus because some folks can and do predict player/team performances at a winning clip over 1000s of plays.

I know this is true for a fact.

Does the market change and adapt? Yes. Does variance set in? Yup.

But the fact remains. Why else would people be "banned"?

[HeeeHAWWWW]

All sounds very familiar to when the UK books set up in Australia, swiftly followed by howling from any resident sharps as they all got shut down.

Unfortunately, the British books are quite effective as businesses. Bet365 is on track to be the largest in the world in the not too distant future.

[dens105]

Are they even allowed to do that? Wouldn't that hurt someones reputation in case they don't want anyone to know what they do?

[EveryNight]

its not smart money because no such thing

it is scalpers only

"Anyone who doesn't make their money making shit up at 10 cents per post on SBR is a scalper!"