1. 04-17-20 10:35 AM #1
    The General
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    Tennessee Sports Betting Rules

    Tennessee will cap the amount a bettor could win at 90% of his/her original stake, becoming the first state to mandate that the books generate at least a 10% hold. (A sportsbook’s “hold” percentage is simply its gross revenue divided by the total dollars wagered. So if a book takes in $1,000,000 in bets and makes $100,000 in revenue, its hold percentage would be 10%. Nevada has historically maintained a hold rate in the 5-6% range. New Jersey has been around 7% since launching.)

    Such rules mean bettors in the state of Tennessee will be forced to pay a much steeper vig on their wagers than what you see in other states — a 10% hold implies -125 vig per side on a standard bet with two options ($125 bet would only profit $100 if it wins). That could, in turn, keep Tennessee from producing the 9-figure monthly handles we’ve seen from states like New Jersey, Indiana and Pennsylvania, which did not institute such regulations.

    https://www.actionnetwork.com/news/tennessee-sports-betting-rules-hold-percentage
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  2. 04-17-20 12:29 PM #2
    clockwise1965
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    I'm sure why any bettor would bet in Tennessee.
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  3. 04-17-20 03:26 PM #3
    RiverRaid
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    They had a whole year to get it right and they still ****** it up. Unbelievable. Why didn't they just look at how successful New Jersey has been and copy that model.
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  4. 04-17-20 03:38 PM #4
    jjgold
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    Lol

    Play offshore Pete
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  5. 04-17-20 03:41 PM #5
    Roscoe_Word
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    A 25 cent line is, IMO, just untenable.
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  6. 04-17-20 05:40 PM #6
    lonegambler23
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    lmao u cnt bet on tennessee football right?
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  7. 04-17-20 05:43 PM #7
    The General
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    It's embarrassing. They can modify the rules after a year. They will.
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  8. 04-17-20 05:51 PM #8
    Black Coffee
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    not smart
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  9. 04-17-20 05:54 PM #9
    TommieGunshot
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    Quote Originally Posted by The General View Post
    Tennessee will cap the amount a bettor could win at 90% of his/her original stake, becoming the first state to mandate that the books generate at least a 10% hold. (A sportsbook’s “hold” percentage is simply its gross revenue divided by the total dollars wagered. So if a book takes in $1,000,000 in bets and makes $100,000 in revenue, its hold percentage would be 10%. Nevada has historically maintained a hold rate in the 5-6% range. New Jersey has been around 7% since launching.)

    Such rules mean bettors in the state of Tennessee will be forced to pay a much steeper vig on their wagers than what you see in other states — a 10% hold implies -125 vig per side on a standard bet with two options ($125 bet would only profit $100 if it wins). That could, in turn, keep Tennessee from producing the 9-figure monthly handles we’ve seen from states like New Jersey, Indiana and Pennsylvania, which did not institute such regulations.

    https://www.actionnetwork.com/news/t...old-percentage
    Something is completely wrong with this. With a 50% chance of winning, betting $100 to win $90 represents a 5% hold, roughly -111 lines. The hold is almost certainly to be lower than other states, because no one will ever bet parlays. Seems like both the state legislators and actionnetwork don't understand math. Or am I the one missing something?

    Big advantage for bettors is going to if the books try to offer. Can't do any of those bullshit index props,
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  10. 04-17-20 09:37 PM #10
    jjgold
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    The states just can’t figure it out they’re gonna push people off shore
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  11. 04-18-20 06:55 PM #11
    capitalist pig
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    That’s really F ed up in TN. I’m sure though you will see a lot of states who were not sure about sports wagering now welcome it after the virus thing ends. They are all going to be looking for new ways to generate revenue and legal sports betting is a option, jmo

    later
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