They need American money, Euro's bet too small
Any US book thinking to get into Euro market and make money is mistaken.
Any US book thinking to get into Euro market and make money is mistaken.
-
-
Ignorant.Comment -
Euros think liquor 1st
Americans think money 1st
Big differenceComment -
Bookmakers born in Europe. Best and most serious bookmakers are in Europe. Europeans are more than Americans and don't like liquors as Americans. So.....Comment -
Don't forget Asia.Comment -
I'd love the know the exact numbers. Just going by gut feeling I'd say that, generally speaking, Asians lay the biggest bets, then Americans, with Europeans at the conservative end of the scale.
What I do know for sure is that American culture is much more based on taking risks than European culture, and I lived on both continents.Comment -
in 2003 Sportingbet reported about their clients: Asians/Australians betting on average GBP 226 per bet, Americans USD 59 and Europeans GBP 22.
research by Merrill Lynch showed the average Australian is willing to bet 5,5%(!) of consumer spending, the average Asian 1,8%, US 1,0%, UK 0,9%, Europe 0,4%.
Just two small examples, which (apart from showing Australians seem to be particularly betting-crazy), show the Far East problably the biggest potential growth market in betting, both in terms of betting per customer and number of customers.
Nevertheless, if and when the EU succesfully attacks the gambling monopolies in Europe you have a whole field of fresh unharvested European countries ready for the taking.Comment -
Thanks for that.
Gotta love the Ozzies.
Comment -
Euros dont like Americans and we do not like Euros
Average amount of an american betting is much higher that Euro.
America a very rich Country, books need usComment -
Is Aussie really a Euro Country?
Pinnacle will never have the volume it once had, they made a huge mistake. I say they close up also.Comment -
I agree with gold. Europeans betting high amounts at US books are scalpers and middlers.
Recreational European bettors bet less than USD 5 per game. As an example, the Danish state regulated bookmaker has a limit of less than USD 100 per bet and most bettors never bet that high, even though Denmark is quite a rich country.Comment -
If you just read the title to the thread,and think about it a little..JJ is most likely correct.
Comment -
True, why would any European place high amounts on the NBA, NFL or MLB? You cant even see those games in TV here, at least not on the common channels lol. Most only care about soccer, and are not used to betting more than a few bucks.
Now the questions is, can a book survive with scalper money as main source? Depends id say, Pinny and other fast and sharp books should be fine. But the others? Prolly not.
So yep, i also think most books cannot live from Euro money alone.Comment -
that is right now, yes
but maybe not in future... market is going to change and maybe in 5, 10, 20 years we can see whales also in europe; if there can be good marketing, people can learn to bet much more and waste money on different good then now, especially with development of mobile betting
i do not say it must be so, it is only possible scenario and if it is true, "pioneers books" will have advantageComment -
America is not only NOT rich as far as monitary value but damn near broke... National debt 9 trllion dollars GDP 10 trillion.. One is growing the other is shrinking... Americans on average are in debt and work their ass off to just try and stay above water... Furthermore when this housing market finaly gets ripped the average Amercian will spend the rest of his life and most likely his childrens lives (who will assume their parents debt via 50-100 year home loan) IN DEBT.. Oh yeah the US Dollar is tanking so you can add that and the fact that their are more old people so the work force is less efficient now... WE ARE ARRAGANT THOUGH but this boot should wake us up...
Finally it's hard to say what is going to happen because this may or may not be done yet, but I still stand by my conclusion that it's all about REGULATING and CONSOLIDATING.. SCALPERS, ARBITRAITORS, and MIDDLERS, are who beats them all consistantly over time and do you think they will just let that play on..fu*k NO!!Comment -
who cares about debt, economy is about growth, even the base is weak, america has advantage in thinking of people, because whole europe is full of socialism - i say that even when i see that it is/will be totalitary capitalism in the usa probably
only way how to cut off pros is to cut off all big bettors, and there will be alway places, who will gladly take this action; scalping, arbitrage, speculating, fast trades, wise action... this all exists on financial market and after 200 years it is finally mostly welcome, why should be betting different? there will be always offer for winners, not like before when 5 USD stakes were allowed. In spite of horrible poorness in the world, the amount of people who are bored and rich (better said with money) is increasing, this large amount of people will spend the money and if it will be betting, there will ALWAYS be place for PROS and PRO BOOKIES who are center of all money flowsComment -
Time zones issues also a problem, games too late at night in the UK. We Americans can bet Euro soccer at normal working hours as well as our own sports.
Also not much interest for Euro bettors in American SportsComment -
I'm betting only on Americans Sports and TIME ZONE is not a problem but it's a big advantage: you can wager (about 11 p.m. in Europe), than you can go to sleep serenely.
At the morning, tested and coolness, you have only to collect $$$Comment
