USA books being traded on Stock Market is tremendous

LongBall52 · 02-21-21, 11:38 AM

Twinspires insn't in Virginia yet. I have a horserace account with them for many years. My emails to them are returned quickly, but they did say that all horse racing accounts must have a separate Twinspires account for wagering when/if Virginia approves them. I was thinking about adding William Hill to FD and DK, but have read some negative thing about Bet Rivers. I'm worried about DraftKings when I use my laptop in Virginia for them at some point. Will their system think I am letting someone else use my account. Presently only using them on Desktop to feel safe.

jjgold · 02-21-21, 11:40 AM

I did the New Jersey Pennsylvania thing but they dry up quick I don’t get anything any more

topgame85 · 02-21-21, 11:47 AM

Originally posted by LongBall52

Twinspires insn't in Virginia yet. I have a horserace account with them for many years. My emails to them are returned quickly, but they did say that all horse racing accounts must have a separate Twinspires account for wagering when/if Virginia approves them. I was thinking about adding William Hill to FD and DK, but have read some negative thing about Bet Rivers. I'm worried about DraftKings when I use my laptop in Virginia for them at some point. Will their system think I am letting someone else use my account. Presently only using them on Desktop to feel safe.

WH doesn't offer as many alternate lines or props on small markets or cashouts on every play but if you are a more traditional bettor their promos cant be beat.

-$2,021 risk free first bet vs $500-1000 withbthe other guys.

-They have given me random $250 free bets for no reason

-$100 max bet superboosts and normal boosts every day it seems. For example if the Caps score one goal today Free $100.

-Emaills a couple tines a week with betting incentives. Friday was bet 4 $25+ bets get $100 FP and if you bet $300 total or more an additional $100 FP. Yestrday was bet 5 basketball games and get the cumulative amount up to $250 as a FP win or lose.

-Also 50% deposit matches up to $500

I know I am forgetting a few as well....

topgame85 · 02-21-21, 11:48 AM

Originally posted by jjgold

I did the New Jersey Pennsylvania thing but they dry up quick I don’t get anything any more

Yah, may happen at some point. Thats why I am hoping more shops enter market. I assume if you start beating them often, or only betting gimmes they lock you out too.

Underdog5229 · 02-21-21, 04:47 PM

Yeah the promo's have been solid here in Michigan sense launch over a month ago. Took draftkings pretty good over the first 3 weeks of opening. Paid out within 24hrs via paypal, so cannot complain.

Betmgm paid out as soon as I clicked the withdrawal button damn near.

Foxbet/pokerstars has been solid so far for poker. Betting options both pre game and live leave much to be desired, but a solid out with pretty good promos so far.

fandual and twinspires cannot really comment. FD has a couple good promos at the very beginning, but havent gave em action sense.

The General · 02-22-21, 12:17 AM

The acquisition of william hill can be monumental but........ we'll see.

pilebuck13 · 02-22-21, 12:54 AM

Either your addicted to gambling or you
Are not, most these people without gambling addictions will have some fun for a while playing a bunch of stupid parlays then quit all that bubble gum money will dry up and the real gamblers will continue to use offshore due to low juice. I see this similar to using the local drug pusher because it’s easy and convenient once you become addicted you find the drugs cheaper and better somewhere else. The offshore books will end up gaining more power the more the states legalize gambling.

jjgold · 02-22-21, 06:58 AM

Originally posted by pilebuck13

Either your addicted to gambling or you
Are not, most these people without gambling addictions will have some fun for a while playing a bunch of stupid parlays then quit all that bubble gum money will dry up and the real gamblers will continue to use offshore due to low juice. I see this similar to using the local drug pusher because it’s easy and convenient once you become addicted you find the drugs cheaper and better somewhere else. The offshore books will end up gaining more power the more the states legalize gambling.

Yep....In reality only 3 books get most of action usa...rest will get bought up or go under

kursonik · 02-22-21, 09:19 AM

Do you think there is a chance for the US betting exchange (maybe Betfair) in a short time?

LongBall52 · 02-22-21, 09:20 AM

Currently roughly only about a dozen states have passed online sports wagering. Well under 20 anyway. When/if it becomes mainstream in the majority of states, offshore will struggle heavily with US bettors. I'm curious to see if at least 1/2 the states legalize it in the next 2 years.

jjgold · 02-22-21, 10:02 AM

I think were about five years of ways still offshore feeling it

You’ll eventually just have 5 to 7 books offshore they’ll buy out everyone else

They’ll be the mega ones that cater to the world so they’ll always be in business

washhead · 02-22-21, 10:36 AM

I've heard that most of the new US books are not looking to make money -- they are looking for more market share so they can be bought out at a higher price in a year or two. That would explain all the freebies -- trying to get more customers and more handle, not necessarily more immediate profit. And as mentioned, it will not last so get it while you can.

dante1 · 02-22-21, 01:43 PM

good thread. however, I purchased 200 of DK about 6 months ago at 40 I believe. It is now at 61.

I agree with your opinion about Rivers

dante1 · 02-22-21, 01:53 PM

Originally posted by washhead

I've heard that most of the new US books are not looking to make money -- they are looking for more market share so they can be bought out at a higher price in a year or two. That would explain all the freebies -- trying to get more customers and more handle, not necessarily more immediate profit. And as mentioned, it will not last so get it while you can.

read the same article.

Sportfan99 · 02-22-21, 08:18 PM

Originally posted by topgame85

With growth stocks pushing sales multiples to insane levels, and DK/FD holding 60%+ market share allover thus far, the freebies from others trying to fight their way in is tremendous.

The smart companies realize that you can lose money and we are seeing 40x+ sales in stock pricing so they are eager to do whatever it takes. CEO can make a fortune by simply pushing volume and they know it. William Hill in Virginia has been INSANE with the money they have thrown at me so far. I'm talking thousands in free bets and super boosts in the first month.

BetMGM also many unsolicited, random, generous offers.

FD/DK have some average deposit incentives or a $50 super boost here and there. They realize they have the advantage and are much stingier. They dont need to give much away as market leaders I suppose.

Virginia rankings a month in (what they do best):
1. William Hill and it isn't close (Frequent and very generous free bets and promos)
2. BetMGM (Deposit match bonuses and payouts under an hour)
3. Fanduel (Best Platform)
4. Draftkings (Honestly, disappointing all around IMO)

5. BetRivers ( havent used them yet as their interface feels like a child built it. I will take them up on their $250 match, maybe this week. Hoping they are pushing frequent incentives also as I cant see any reason to play there otherwise)

We should get up to 12+ like PA/NJ. Hopefully soon. Never have had so much run for my $. Almost like a part time job logging in each day to see who is offering what.

Need Pointsbet, Twinspires, Bet365, etc to join the party soon.

Gold Rush never lasts forever. Enjoy it while it does! And buy some CZR stock. Have a feeling they could really make a power move against the top 2 with the WillHill platrform as they have a lot of deals ie ESPN , CBS. If someone gives them a shot vs FD/DK I don't know why theyd go back.

But remember, William Hill, a public company on a stock exchange, will BAN winners.

topgame85 · 02-22-21, 10:03 PM

Originally posted by Sportfan99

But remember, William Hill, a public company on a stock exchange, will BAN winners.

Down the road- agreed. Now it is all about ballooning Stock price. Market share and revenue numbers can make many an investor rich even as the company purges millions. Small window likely to cash the promos and invest in the stocks. A year or two from now, when it is apparent how thin the margins are and intense the competition is, promos go away so that they can squeeze losers and ban or limit winners.

topgame85 · 02-22-21, 10:08 PM

Originally posted by dante1

good thread. however, I purchased 200 of DK about 6 months ago at 40 I believe. It is now at 61.

I agree with your opinion about Rivers

I ended up up signing for Rivers last night. Received $250 match bonus right away. ran the $500 ($250 dep. plus $250 bonus) up to about $1,400 last night. Took out a dime at 10:52pm and hit Paypal at 10:54pm on a Sunday. Crazy. I believe they use some sort of automated withdrawal system. The site and app are both glitchy. Cost me a live bet that would have been another winner. For bonus and speed of payment I give them a solid mark. They really need to work on their tech though or they will fail.

topgame85 · 02-22-21, 10:13 PM

Originally posted by The General

The acquisition of william hill can be monumental but........ we'll see.

Yes. Caesars did well there. Right connections and industry knowledge to make a move. Will be interesting to see how much they can close the gap.

topgame85 · 02-22-21, 10:17 PM

Originally posted by Underdog5229

Yeah the promo's have been solid here in Michigan sense launch over a month ago. Took draftkings pretty good over the first 3 weeks of opening. Paid out within 24hrs via paypal, so cannot complain.

Betmgm paid out as soon as I clicked the withdrawal button damn near.

Foxbet/pokerstars has been solid so far for poker. Betting options both pre game and live leave much to be desired, but a solid out with pretty good promos so far.

fandual and twinspires cannot really comment. FD has a couple good promos at the very beginning, but havent gave em action sense.

Michigan is more similar to NJ in that they offer Betting, Casino and Poker. Virginia no poker/casinos/instate collegiate bets. MI launched with 12 books vs 5 in the first few weeks for VA. Although we should get to that number when the lottery feels the market can bare more. BetMGM actually crushed on the Casino side during first 10 days of legalization in Michigan. Had something like 40% market share for casino play vs 10% for Sports handle. I am sure they are just fine with that given the huge margins on the casino offerings.

topgame85 · 02-22-21, 10:20 PM

Originally posted by pilebuck13

Either your addicted to gambling or you
Are not, most these people without gambling addictions will have some fun for a while playing a bunch of stupid parlays then quit all that bubble gum money will dry up and the real gamblers will continue to use offshore due to low juice. I see this similar to using the local drug pusher because it’s easy and convenient once you become addicted you find the drugs cheaper and better somewhere else. The offshore books will end up gaining more power the more the states legalize gambling.

It will breed a lot more addiction likely. Then there are the people who will pump through big action occasionally for SB, March Madness, World Cup, World Series etc. simply because they are watching and it will make it more exciting. There will be only a few offshore books that make it. Bookmaker and Heritage most likely IMO.

topgame85 · 02-22-21, 10:23 PM

Originally posted by kursonik

Do you think there is a chance for the US betting exchange (maybe Betfair) in a short time?

Piecemeal state rules and regs, licensing fees, taxes make it hard to see this working IMO.

jjgold · 02-23-21, 07:03 AM

Originally posted by topgame85

I ended up up signing for Rivers last night. Received $250 match bonus right away. ran the $500 ($250 dep. plus $250 bonus) up to about $1,400 last night. Took out a dime at 10:52pm and hit Paypal at 10:54pm on a Sunday. Crazy. I believe they use some sort of automated withdrawal system. The site and app are both glitchy. Cost me a live bet that would have been another winner. For bonus and speed of payment I give them a solid mark. They really need to work on their tech though or they will fail.

most usa sites do not pay that fast and no idea why

mine have always been 1-3 days

Most of these books not making any money and in the red

Vyasports · 02-23-21, 09:31 AM

Originally posted by dante1

read the same article.

yes read it too

jjgold · 02-23-21, 10:13 AM

Go look at the numbers every month most sports books are taking hardly any action

Three of them have a monopoly on the United States non Vegas

jazzmonkey · 02-23-21, 10:43 AM

I think there is a reason that Betfair exchange hasn't launched although I am aware of at least one start-up looking to fill the exchange gap.

agharah1 · 02-23-21, 11:07 AM

BetRivers app is pretty terrible, but honestly BetMGM wasn't much better. William Hill's app processed 3 deposits when I clicked the button, I was lucky my bank account could handle it. William Hill's bonuses and promos are great tho.

FanDuel's app is the best, but holy hell are they bad at awarding you the promos they promise. It took over a week for the risk free bet to pay out and I'm still waiting months for the referral bonuses. They did a squad thing a few weeks ago where if you team up with people you get bonus cash but we never got it.

DraftKings has actually been pretty decent. They have almost as many daily odds boosts as William Hill but they're not as big.

jjgold · 02-23-21, 11:33 AM

A lot of his sportsbooks have slow load times as far as apps

Fandual
DraftKings
Barstool

They are super quick that’s why they have 80% of the market

d2bets · 02-23-21, 01:28 PM

Originally posted by jjgold

most usa sites do not pay that fast and no idea why

mine have always been 1-3 days

Most of these books not making any money and in the red

Only squares and brokedikks withdraw from USA books.

d2bets · 02-23-21, 01:32 PM

Good thread.

It's almost like offshore circa 2000-2005 all over again, except:
- downside is fewer new outs
- upside is safer to keep funds in books

And I'll also say that while bonuses and boosts are all well and good and should be availed, that's not where the real $$$ are at.

jjgold · 02-23-21, 01:59 PM

Circa good But most states have no access to them

dante1 · 02-23-21, 02:03 PM

Originally posted by agharah1

BetRivers app is pretty terrible, but honestly BetMGM wasn't much better. William Hill's app processed 3 deposits when I clicked the button, I was lucky my bank account could handle it. William Hill's bonuses and promos are great tho.

FanDuel's app is the best, but holy hell are they bad at awarding you the promos they promise. It took over a week for the risk free bet to pay out and I'm still waiting months for the referral bonuses. They did a squad thing a few weeks ago where if you team up with people you get bonus cash but we never got it.

DraftKings has actually been pretty decent. They have almost as many daily odds boosts as William Hill but they're not as big.

I like FD but it drives me crazy with the number of clicks. what the hell when football season arrives I deposit in all of them. that is the time Rivers and Sugarhouse have a nice NFL contest. first year I won a few bucks second year, nope. Fox is interesting but their promotions are so difficult to hit, they suck you in.

I think all of them have advantages and all have defects. FD about two or three times a year gives away fifty on a ridiculous bet. MGM, I think it is MGM sometimes offers a $200 bonus for a $200 deposit and the same on $100. sometimes on the same day so you can get 300 for 300 and if you turnover in a short period of time it is a decent deal.

dante1 · 02-23-21, 02:10 PM

Originally posted by jjgold

most usa sites do not pay that fast and no idea why

mine have always been 1-3 days

Most of these books not making any money and in the red

BS, they all pay in your account with two or three.

Rivers and Sugar gets my money to me the very next day. I wish you would once in a while know what the fck you are talking about. I actually squirm when I read your BS.

it is called "rush pay" and every time I used it on a weekday my money was in my checking account the next day. WTF they could not fly it to you quicker.

d2bets · 02-23-21, 02:39 PM

Originally posted by jjgold

most usa sites do not pay that fast and no idea why

mine have always been 1-3 days

Most of these books not making any money and in the red

Who cares if they're not making any money. So take from then while the taking is good. The money is safe regardless. No way the industry would allow any of these licensed books to ever stiff customers.

aak114 · 02-24-21, 03:23 PM

Originally posted by topgame85

Down the road- agreed. Now it is all about ballooning Stock price. Market share and revenue numbers can make many an investor rich even as the company purges millions. Small window likely to cash the promos and invest in the stocks. A year or two from now, when it is apparent how thin the margins are and intense the competition is, promos go away so that they can squeeze losers and ban or limit winners.

Limit winners 'down the road'?? They already limit winners. Had my account limited within a week of opening for betting sharp with them. WH is the absolute worst in that regard.