Legal State Wagering Juice

TonyPhizzle · 02-07-20, 02:16 PM

Offshore wil be dead in a few years once states legalize and have online wagering

Crusherrr · 02-07-20, 02:18 PM

Originally posted by Purduekev

Been wagering State books since legalized here in September (October online). Been told how the state books are going offer ridiculous juice. Not materialized so far and I have played a decent amount mostly NCAAF but now NCAAB. For example just today I got Maryland +3 at -109 from DK and compared that to 5Dimes offering the same line at -107. Maybe MLB moneylines will be terrible but so far I haven't seen anything out of line (more than 10 cent juice). Plus for me with three online options and one brick and mortar establishment, I can sometimes line shop although that doesn't occur very often as the line is usually the same but the juice might be different but not by much.

Just my opinion, SBR needs to start working with these State online books because they are the wave of the future. I think the US customer's handle is headed to the legalized State books as they come online because they offer no worries, no hassles with poor customer service, fast payouts via pp or cash and carry, no crypto currency fluctuations, plus much more. This isn't about downgrading offshore but the ease of these State books with very little difference in the juice is where Americans are headed. Get ahead of the wave. JMO

I know...I know....I'm the square but it's ok as I'm having fun wagering again.

Can't understand the hate for offshore. Legal books are garbage, I'd much rather bet offshore than the legal/regulated books.

It took 5 days to get paid by some NJ books. I got paid $10k+ from BOL and Bookmaker in minutes last week. I had to answer source of funding for NJ books, too. Not cool.

Grits n' Gravy · 02-07-20, 02:21 PM

Originally posted by TonyPhizzle

Offshore wil be dead in a few years once states legalize and have online wagering

Completely disagree. US books will be controlled by 3-4 companies that will limit players, slow pay and make rules up as they go along. Already happened in several states. For rec bettors looking to bet small and have limited options the US based books are fine.

Purduekev · 02-07-20, 02:41 PM

The State Gaming Commission regulates these States sportsbooks. If I have a problem I know who to get ahold of and where they are located to get a face to face to get my problem resolved with the backing of the State. Who regulates offshore? If they decide to change the rules, slow pay, jerk you around or just plain leave what do you do other than to get help here on your behalf and hope.

I can see the point of limiting players online but there are ways around that when you have brick and mortar sportsbooks at your disposal.

WvGambler · 02-07-20, 03:52 PM

Originally posted by Grits n' Gravy

Completely disagree. US books will be controlled by 3-4 companies that will limit players, slow pay and make rules up as they go along. Already happened in several states. For rec bettors looking to bet small and have limited options the US based books are fine.

You don’t think offshore books limit players, slow pay and make up rules along the way?

jjgold · 02-07-20, 04:32 PM

Offshore is flourishing

How do you beat -105 juice and dime lines ???????????????????????????????????????? ???????

Grits n' Gravy · 02-07-20, 05:18 PM

Originally posted by WvGambler

You don’t think offshore books limit players, slow pay and make up rules along the way?

Some do but the good ones don’t.

Will Hill capped my accounts at $5 max bet on nfl and ncaaf. Stations won’t give me account anymore. Our accounts got limited at DK and Fan Duel. I mess with Southpoint and Circa in Vegas. Everything else is garbage.

kidcudi92 · 02-07-20, 05:47 PM

Have a top tier VIP host via text/email on DK...sending my buddy and I to DC for a Pacer game, hotel, airfare, $ for food/beverages

Just texted him to see if I could grab a free bet for a random parlay tonight, shipped me $200 3 minutes later

If you bet enough on DK you will get treated like royalty

Easily $1k plus in Free Bets a month

and no its not cause we are losers, my buddy just ran a $300 FB into 13k

jjgold · 02-07-20, 05:49 PM

They’re not bad but they’re not great that’s the best way to put it

rm18 · 02-07-20, 06:06 PM

Offshore is better because of bitcoin, if it was 10 years ago legal books would have a better shot.

kidcudi92 · 02-07-20, 06:20 PM

Originally posted by rm18

Offshore is better because of bitcoin, if it was 10 years ago legal books would have a better shot.

i get my money in my bank account in 24 hrs

regular people who never bet before are flocking to legal books

jjgold · 02-07-20, 07:27 PM

offshore actually pays faster than most usa books other than paypal of course

Offshore same day many many times bitcoin

RudyRuetigger · 02-07-20, 07:32 PM

too many fees with bitcoin especially when changing bitcoins to usd in coinbase

WvGambler · 02-08-20, 01:45 PM

Bitcoin is also a hassle with wait times and exchange rates. However, I will say, as much as I love the legal sites....if you arent using paypal, then there is a small wait on your money. Paypal usually get me my money in 24-48 hours. Bank transfers take longer.

jjgold · 02-08-20, 03:38 PM

Money lines are horrific everywhere usa

KS1986 · 02-08-20, 05:33 PM

Originally posted by jjgold

Money lines are horrific everywhere usa

This^ and it's not even close.

The General · 02-08-20, 07:34 PM

9 of 10 betting parlays don't make much difference. Those who know some about wagering prob should get some cash offshore, but majority have no need for that.

gojetsgomoxies · 02-08-20, 09:09 PM

i saw an article from gaming consultant saying -110 doesn't work for individual states...

not sure on details. there might not have been many....... nor B&M vs. online...... basically he said sports betting is complementary service at hotel casinos. analogous to wynn figuring out their golf course has ancilliary benefits. i.e. golfing whales want to stay/gamble/play at wynn., not stay elsewhere and take limo to wynn for golf

The General · 02-08-20, 09:15 PM

Eldorado Resorts, Inc. (NASDAQ:ERI) CEO Tom Reeg is looking for ways to maximize value in his company’s $17.3 billion takeover of Caesars Entertainment Corp. (NASDAQ:CEC), and that could eventually include parting ways with the mobile and online sports betting business.

The General · 02-08-20, 09:20 PM

^^^

That's not good for me....

But then again, Eldorado is one of the suitors to buy DraftKings so who knows. Very turbulent and lots unknown for legal regulation and illegal offshore. Let's enjoy the ride.

gojetsgomoxies · 02-08-20, 09:20 PM

Originally posted by Grits n' Gravy

Some do but the good ones don’t.

Will Hill capped my accounts at $5 max bet on nfl and ncaaf. Stations won’t give me account anymore. Our accounts got limited at DK and Fan Duel. I mess with Southpoint and Circa in Vegas. Everything else is garbage.

why did they cap your nfl bets at $5 max?

gojetsgomoxies · 02-08-20, 09:21 PM

Originally posted by The General

Eldorado Resorts, Inc. (NASDAQ:ERI) CEO Tom Reeg is looking for ways to maximize value in his company’s $17.3 billion takeover of Caesars Entertainment Corp. (NASDAQ:CEC), and that could eventually include parting ways with the mobile and online sports betting business.

a guy in montreal became a billionaire from caesars online betting. i think......... never made sense to me...... i'll check it.

The General · 02-08-20, 09:43 PM

William Hill is taking the sportsbook reigns at Caesars here so that is in the calculations as well. Deal will be final mid year.

Rabiddog33 · 02-08-20, 10:45 PM

Originally posted by RudyRuetigger

too many fees with bitcoin especially when changing bitcoins to usd in coinbase

Use coinbase pro... .5% to convert bitcoin to usd for under $10K cheaper when you get higher then that. Always use coinbase pro to buy your bitcoin also.

Purduekev · 02-08-20, 11:00 PM

Originally posted by The General

William Hill is taking the sportsbook reigns at Caesars here so that is in the calculations as well. Deal will be final mid year.

Damn, I hate William Hill.

RockBottom · 02-09-20, 08:08 AM

Originally posted by TonyPhizzle

Offshore wil be dead in a few years once states legalize and have online wagering

It won’t be dead, but those books will be exposed to more sharp action. The noobs won’t jump thru hoops to play with them if they can legally bet online thru FanDuel and draftkings.

jjgold · 02-09-20, 08:24 AM

Its a different clientele

Average person that bets sports does not use offshore, its more guys really wanting to gamble and or sharps, bonus guys

Rec guys rarely played offshore and will only play legally

The General · 02-09-20, 09:42 AM

With that analogy, offshore illegally should flourish as new bettors are breeding into better gamblers. Not the way most see it, but it's early in the game. An agent has a big flock sitting there to choose from, too.

TommieGunshot · 02-09-20, 12:35 PM

Originally posted by Grits n' Gravy

Completely disagree. US books will be controlled by 3-4 companies that will limit players, slow pay and make rules up as they go along. Already happened in several states. For rec bettors looking to bet small and have limited options the US based books are fine.

Right now how many US regulated sportsbooks are there? Probably a few dozen -- still a long way until it's less than five. Offshore, how many sportsbooks are there that will never cut off players and always pay; that number has got to be less than the number of American sportsbooks available. I've had some try to slow-pay me, but that meant 30 minutes instead of two minutes. Being able to call law enforcement to get involved makes people jump very quickly. When a virtually unregulated sportsbook tries that bullshit, the only option is to whine about it on the internet.

TommieGunshot · 02-09-20, 12:39 PM

Originally posted by jjgold

offshore actually pays faster than most usa books other than paypal of course

Offshore same day many many times bitcoin

Next time I request a payout from an American sportsbook I'll time how long it is. I would bet heavy it's under 10 minutes and that's only because larger amounts usually need a supervisor signature -- smaller amounts should be less than five minutes. You're trying to say within the same day -- like 12 hours or so -- is faster? Get the penetrate out of here.

TommieGunshot · 02-09-20, 12:54 PM

Originally posted by gojetsgomoxies

i saw an article from gaming consultant saying -110 doesn't work for individual states...

not sure on details. there might not have been many....... nor B&M vs. online...... basically he said sports betting is complementary service at hotel casinos. analogous to wynn figuring out their golf course has ancilliary benefits. i.e. golfing whales want to stay/gamble/play at wynn., not stay elsewhere and take limo to wynn for golf

When I spend $50 on clothes and pay 8% sales tax, the tax is on the full price -- which is $4 in revenue for the state. When I spend $50 on a bet in the sportsbook, they are taxed on their profits -- which is about 14-cents in revenue for Nevada (other states might be double that). The benefits to the states from legal sports betting is far smaller than what the politicians were trying to sell to their constituents -- especially if it cuts into state lotteries. Despite that, it's only growing -- already up and running in 13 states, with about 6-8 more in the process of getting it.

jjgold · 02-09-20, 01:06 PM

Any usa books that does not use paypal takes 2 business days

That is fact

kidcudi92 · 02-09-20, 01:26 PM

Originally posted by jjgold

Any usa books that does not use paypal takes 2 business days

That is fact

false

Purduekev · 02-09-20, 02:13 PM

Originally posted by jjgold

Any usa books that does not use paypal takes 2 business days

That is fact

Betrivers online withdraw can turn into cash in hand by the time you drive to French Lick which is an option always given. PP only way to go though. Within 10-15 minutes max. NO FEES which offset potential extra juice versus offshore.