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YupOriginally Posted by jjgold
There is some big money entrenched offshore, big money.
The kind of money that can move markets when it is triggered.
And some people think these little money is some kind of bread and butter, maybe because it brings the ticket average down.
Yes, I'm sure Bookmaker will open their books to everyone, let alone the SBR Jester, for inspection to prove how big they are. Let me email Tony at 5Dimes and see if he'll let me look through his finances and inquire about his largest clients while we're at it. Maybe he'll hire me as his accountant or fixer because he'll be so impressed with my boldness for asking him.
Nobody that posts on this forum knows the size of their whales or finances of these books. Maybe TPTB at SBR have an idea (the one's that don't post), but anyone making these claims of their clientele or finances have more hot air than a politician.
Last edited by mrpapageorgio; 08-04-18 at 12:04 PM.
Bookmaker makes more than some Fortune 500 companies
Exactly. And you think US gambling companies are not going after that. LOL
Were you a PR person?
As a matter of fact, I think I found an old photo of you from a former gig....
"The American sports book infadels will fail miserably in a great ball of fire and prove once again why the off shore books are truly the chosen ones"
They are alright, they were pissed as money was leaving the States to begin with, so was the Gov't.
But they let it happen, and still do.
Maybe they are already getting a piece.
Sharp money will move around, that big money that is to most nothing more than a riddle wrapped inside a mystery inside an enigma is happy where it is, it is settled.
You guys think these big books fear this money, but it is offset by plenty of big money out there, it doesn't need the masses anymore, like it used to, but don't get me wrong, I say that loosely because it has that money and will keep it too.
The US Treasury has created a ton of money under the guise of quantitative easing and many are benefiting.
There are oil tycoons that are billionaires placing ridiculous Cowboys bets on the Monday night game, and doing so on the floor of the NYSE, that used to make its way to Vegas.
It still does, but much of it is content offshore and not even the US Treasury was unable to stop that shift; and they tried hard.
It will take a lot to shift it elsewhere, if it's even possible. There needs to be positive incentive, negative incentive, like making things illegal can't don't and won't work.
The govt was not pissed. The Supreme Court just threw them a curve. But they are running scared now. This goes as far as people want it to go and that is going to be pretty far.They are alright, they were pissed as money was leaving the States to begin with, so was the Gov't.
But they let it happen, and still do.
Maybe they are already getting a piece.
Sharp money will move around, that big money that is to most nothing more than a riddle wrapped inside a mystery inside an enigma is happy where it is, it is settled.
You guys think these big books fear this money, but it is offset by plenty of big money out there, it doesn't need the masses anymore, like it used to, but don't get me wrong, I say that loosely because it has that money and will keep it too.
The US Treasury has created a ton of money under the guise of quantitative easing and many are benefiting.
There are oil tycoons that are billionaires placing ridiculous Cowboys bets on the Monday night game, and doing so on the floor of the NYSE, that used to make its way to Vegas.
It still does, but much of it is content offshore and not even the US Treasury was unable to stop that shift; and they tried hard.
It will take a lot to shift it elsewhere, if it's even possible. There needs to be positive incentive, negative incentive, like making things illegal can't don't and won't work.
Gov't was pissed when US money was flowing offshore and they weren't getting tax dollars as the money worked for the books.
Vegas lobbyists were up in arms and the US outright banned betting offshore, but wouldn't enforce everyone on their computers, leading to speculation someone was getting a cut.
The US Treasury cracked down and with 9/11 used even more power to pinch off the money processors, banks and the books themselves.
They took strong action.
Now things are changing.
But those large betting funds are in no hurry to come back to the US, not counting the money feeding to Vegas, which is just a part of the way to get down on games across the market.
The more shops, the more liquidity, but that is only pennies compared to the offshore handle with these guys.
The govt wasn't pissed. The Vegas casinos were pissed that Americans could bet easily outside Vegas. They took care of the Vegas lobbyist.
But the truth of the matter is, the Vegas casinos are not happy about this either because they know they are about to get extreme competition and they are more likely to lose in this deal than win.
This is a gold rush. The results will be entirely unpredictable.
We've talked about these things in past threads I think I mentioned the Gold Rush about a dozen times, lol.
It's a little gold rush for both bettors and books, but word is, with the limits and protection, the gold rush for the betting groups will be short lived and small.
For companies in the business, there is money to be had, no doubt.
I'm surprised you don't remember even congressmen speaking out. The US was losing dollars to offshore, and while the Gov't has always spit money out to the world, they wanted some control of this one.
They did not like it and tried to stop it with action outside the US, but to your point, they didn't stop the bettors in the US.
They did stop us from marketing to the bettors while having a server in Los Angeles. Once the server went to Antigua, we could market, but we were watched closely.
They wanted to pinch us for booking, not recruiting bettors.
All the govt cares about is how much rich people get taxed.
We've talked about these things in past threads I think I mentioned the Gold Rush about a dozen times, lol.
It's a little gold rush for both bettors and books, but word is, with the limits and protection, the gold rush for the betting groups will be short lived and small.
For companies in the business, there is money to be had, no doubt.
I'm surprised you don't remember even congressmen speaking out. The US was losing dollars to offshore, and while the Gov't has always spit money out to the world, they wanted some control of this one.
They did not like it and tried to stop it with action outside the US, but to your point, they didn't stop the bettors in the US.
They did stop us from marketing to the bettors while having a server in Los Angeles. Once the server went to Antigua, we could market, but we were watched closely.
They wanted to pinch us for booking, not recruiting bettors.
The gold rush is for the billions in profits to be made in the US gambling market. Not for bettors.
The Vegas casinos have the jjgold mindset. They are going to try to do everything Vegas style because that is what they know and are comfortable with. There are going to be new competitors enter the field when this goes online and they are going to be much better at it than the Vegas casinos.
Very little of what you see now or this year is even relevant to the future of gambling in the US.
Agreed on all fronts, the betting gold rush was in reference to getting more local off market lines, as we stuff every possible betting shop; obviously that's a task and not really worth it.
Large money heading offshore, when it goes to work, won't send taxes back to the US, Gov't doesn't like that. It was a lot of money.
Have been expecting the Will Hill, Paddy models to just overtake the market.
Indeed, it is early and only beginning, so much to happen and so much to change.
Yes, Will Hill and Paddy get first crack at it along with the Vegas casinos. They will not be the last left standing. There will be entirely new companies that are going to kick the ass of both the Vegas and offshore books.
...there will also be no local off market lines. 2008 was 10 years ago and those days are over. They aren't giving any free lines.
They already tried, it blew up quickly and limits were imposed.
Let's see if some other locality opens the door.
Who did that? What did they put up?They already tried, it blew up quickly and limits were imposed.
Let's see if some other locality opens the door.
I agree and those new companies could very likely be spinoffs of the big guys you name.
Similar to the online brokerage world where companies like JP Morgan spun off Schwab. All the big guys were doing it.
It was covered in another thread, I think about Borgata and/or Meadowlands, not a Draftkings operation.
There were some rumors, but I was told off of SBR that they offered specials, briefly.
But no sustained off market action, as we predicted and limits were $1000, maybe less on the local special.
Yes. Except JPMorgan never spun off Schwab. Schwab stole away JPMorgan business and became the dominant discount brokerage firm starting from scratch. That is what is going to happen in online gambling.
Sports betting never kicks as Vegas says they don’t even need it it wouldn’t even dent the revenue
The hold is to low to rake in massive profits and not enough people do it
Market is too small state to state offshores got the entire globe you could never ever beat that
Also the operating costs are fractions of what legal places have to face
Thread over
True. That is why they will probably get out of it entirely and stick to casino gambling. All sports gambling will be handled by new companies that are very happy to make the hundreds of millions they are not interested in fighting for. And eventually some of the companies will become bigger in market cap than the Vegas casinos. And they will say: "Oops, we screwed that up."
LOL. Yeah, even a dunce now knows to bet off market lines. Any line off market will get hammered.
lol, even early on and behind the scenes JP Morgan and Schwab have been related.
I was there Charlie, now they have multiple agreements in place.
What if I told you that some of the largest books in the world are spinoffs of well known companies? Like I said, the US gets a cut and that's one reason they allowed us players online.
They could have cut that option completely, not unlike bitcoin.
The conglomerates will rule and any mom and pop shop will be bought out are actually spawned for the big guys.
I remember when Wal Mart brought their big blue store and included groceries. Everyone complained how the big box store would hurt the little guy.
The smaller grocery stored went out of business and left.
Then, one day a green store moves in called the Wal Mart Neighborhood Market, right in the old grocery store's spot.
Big Box pushed out the little guy then spun its own little guy to take it's place.
It was prolific in the financial world and if there are any margins to be had, the big guys will swoop.
It took years for beer drinkers to realize that the cheap keystone beer wasn't going to put Coor's out of business because Coor's made and marketed Keystone, right next to the Coor's cases in the supermarket.
In any case, the discount brokerage story is probably going to be the story of online gambling. Schwab was very quickly matched by other discount brokerage firms.lol, even early on and behind the scenes JP Morgan and Schwab have been related.
I was there Charlie, now they have multiple agreements in place.
What if I told you that some of the largest books in the world are spinoffs of well known companies? Like I said, the US gets a cut and that's one reason they allowed us players online.
They could have cut that option completely, not unlike bitcoin.
The conglomerates will rule and any mom and pop shop will be bought out are actually spawned for the big guys.
I remember when Wal Mart brought their big blue store and included groceries. Everyone complained how the big box store would hurt the little guy.
The smaller grocery stored went out of business and left.
Then, one day a green store moves in called the Wal Mart Neighborhood Market, right in the old grocery store's spot.
Big Box pushed out the little guy then spun its own little guy to take it's place.
It was prolific in the financial world and if there are any margins to be had, the big guys will swoop.
It took years for beer drinkers to realize that the cheap keystone beer wasn't going to put Coor's out of business because Coor's made and marketed Keystone, right next to the Coor's cases in the supermarket.
Nothing really like this other than discount brokerage and the internet. But in both cases, people did not really think nearly as much money could be made there as was made.
In the case of US sports gambling, everybody know there are billions to be made and a ready market. So it is just a matter of getting out the money bags and raking it in.
Charles Schwab makes more than one day in Las Vegas makes in 10 years
You guys are real clowns
You are the clown. US sports gambling has been illegal for the entire time that sports has been popular in the United States and aggressively enforced. The offshore market is the result entirely of a market created by prohibition of gambling.
In the long term, the US will handle basically 100% of its own gambling action.
The point is sportsbetting is tiny in the financial world man USA
Other than football in USA numbers drastically drop
This is not UK or Aussie where gambling has been entrenched in everyone since birth
Son good stuff though
OK, so only a few billion will be made.
Good discussion Derailer.
Cheers bro.
I have to ask why not, if you don't mind?
A customer wants to bet 10 NFL games for 10 dimes each. How does he do it? At the Meadowlands or Offshore with credit that he already has? And what about the tax issue? Is he happy with that? I don't think so.............
When I log onto lets say 5 Dimes or Heritage mobile or Web WTF would I want to every use any legal places?
Anyone depositing any withdrawing all the time is silly anyway
Nothing will ever be close to them, Vegas combined not close to them and they have been in operation of a very long time.
Vegas cannot even do online sportsbetting.
What's nice about Vegas is if I get into a dispute on a bet, I know I'm going to have a fair grievence process (Nevada Gaming Control). If I have a beef with 5Dimes, it's basically, "How is Tony feeling that day?".
Yes, I can complain to SBR, but they don't have the teeth on offshore that NGC has on the Vegas books to force a payout payout in favor of the player if they got screwed over.
Very few disputes ever lets be honest unless your a scammer
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