COVID-19 will effect bookmakers in a bad way. Be careful..

[Sawyer]

COVID-19 will effect bookmakers in a bad way. Be careful..

You may experience payout problems.

Economy is fukked up..and bookmakers will be effected as well.

Don't keep much funds on online bookmakers. Consider downsizing.

2021 won't be an easy year. Be careful.

[Alfie White]

Why do you think that will be the case? Sports are playing as normal (couple of postponements here and there) so there should be "normal" action going forward. Do you possibly have some more info that you can share?

[Sawyer]

Why do you think that will be the case? Sports are playing as normal (couple of postponements here and there) so there should be "normal" action going forward. Do you possibly have some more info that you can share?

Simple answer: Cashflow

[Sawyer]

Sports betting is a form of redistribution of wealth. Fish and square players provide cash to the pool. Professional players take their share. Because of economic crisis (powered by Covid-19) most people won't be able to deposit like in old days. When there isn't enough cashflow, It may force bookmakers to be more strict and more grim.

[Colonist]

Sports betting is a form of redistribution of wealth. Fish and square players provide cash to the pool. Professional players take their share. Because of economic crisis (powered by Covid-19) most people won't be able to deposit like in old days. When there isn't enough cashflow, It may force bookmakers to be more strict and more grim.

COVID's been around since March. Why now?? We appear to be on the other side of this pandemic with light at the end of the tunnel.

[pokerdevil]

Has any book screwed people over in 2020? I was a bit paranoid in March, but I think we're free and clear now

[HeeeHAWWWW]

Surprised more haven't gone under tbh.

[lonnie55]

As far as Europe is concerned, exactly the opposite is the case: Online gambling is booming. There was a revenue drop during the first hard lockdown but markets have recovered since. Many sports bettors pivoted to casino. No sign of irregular payout problems anywhere. Markets are being expected to further grow.

https://twitter.com/EUgambling/status/1331997442464690177

https://www.europeanbusinessreview.com/online-gambling-market-size-rises-amid-covid-19-pandemic/

https://www.blackjackonlinecasinos.net/imgs/covid-19-global-gambling-market-infographic.jpg

[PharaohUB]

No f'in way. If anything it's the opposite. Stimulus checks + can't go out. Sportsbook raking in the money.

[fasulye89]

Despite the published statistics, deposit amounts may decrease. This situation is different than the beginning of the pandemic. Even though there was panic at the beginning of the pandemic, not all sectors were affected this much yet. Is there any guarantee right now? While the situation is different now, players know what the situation is. While everything was fine in summer, now everywhere is closing, giving people a state of insecurity. By the end of 2021, relatively medium-large companies are more stable.

[SBE]

True is this is a totally new situation.

Vaccination brings big hope. It will all depend on how will it affect - once some % of world's population are vaccinated

(personally me, I am awaiting, from April/May things should start getting better., globaly..).

If the process is successful - I would not be afraid of keeping money (at least) at big bookies...

Sorry for my English.

[PharaohUB]

How could you possibly be worried about Sportsbooks. Covid is the best thing that ever happened to them. Give every degenerate in the country $600 and force them to stay at home.

[PD77]

How could you possibly be worried about Sportsbooks. Covid is the best thing that ever happened to them. Give every degenerate in the country $600 and force them to stay at home.

remember this one? https://www.sportsbookreview.com/for...situation.html

[Ksherm]

Yes many... Bettheline for one

[deeppckts]

There were NO sports for like 5 months and basically no one went under. Now it's basically back to normal in terms of the number of games. Wtf you talking about?

[Shifty]

Sharp post @Sawyer. Remember what happened in March 2020...Bookmaker slashed payout limits when everyone was cashing out. Obviously they didn't have the cashflow. Keep postup accounts at reasonable levels.

[mr.ed]

If these books have been keeping a lot of BTC on hand, which I suspect they do, then they must be swimming in cash now. BTC price has nearly doubled in the last month.

[Optional]

If these books have been keeping a lot of BTC on hand, which I suspect they do, then they must be swimming in cash now. BTC price has nearly doubled in the last month.

Some books say they love BTC and others say its an inconvenience and extra cost for them.

Some books pay an outside processor to handle all the btc and only see cash themselves. Some handle it in house.

I would think most try to have no exposure to crypto fluctuations as part of their normal business.

But very tough to generalize what "books do with bitcoin" I think. So many see it completely differently to each other.

[jjgold]

Sportsbetting is booming across the glove like financial trading is because of covid

Sawyer is wayyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyy yyyyy

[Sawyer]

A Financial Crisis is very likely to happen this year. All these lockdowns and restrictions will make it only worse. Sorry guys but we're not even in the middle of the outbreak. These ''early'' vaccines are not offering a permanent solution. I hope we get rid of covid soon but i won't be surprised if it takes 2-3 years more..

A recession may effect everything..including gambling. Better be careful and avoid keeping huge amounts on bookmakers.

Even one of the leading betting brokers/agents were unable to pay clients during the early days of pandemic. Who knows things won't get worse in upcoming days? it's better to be safe than sorry..

[Optional]

A Financial Crisis is very likely to happen this year. All these lockdowns and restrictions will make it only worse. Sorry guys but we're not even in the middle of the outbreak. These ''early'' vaccines are not offering a permanent solution. I hope we get rid of covid soon but i won't be surprised if it takes 2-3 years more..

A recession may effect everything..including gambling. Better be careful and avoid keeping huge amounts on bookmakers.

Even one of the leading betting brokers/agents were unable to pay clients during the early days of pandemic. Who knows things won't get worse in upcoming days? it's better to be safe than sorry..

I'm a bit more positive about the economic outlook than you.

I think the effects of covid-19 have not been as bad as first predicted it could be. Many countries have adjusted well to the crisis and those economies are already doing better than expected.

But most of all, as this is a genuine worldwide situation, we have all been affected in a similar way. So the noticeable bad effects will be minimized as we are all set back at the same time.

[Sawyer]

https://www.betxpert.com/artikel/europas-spil-faldt-23-procent-2020

Report: Europe's total play fell by 23 percent in 2020

Report from the European trade association EGBA shows that Europeans overall played for less in 2020 than in 2019.
The European Gaming and Betting Association (EGBA) is out with a new report that clarifies figures for Europeans' overall gaming trends. Or rather: The 27 EU countries plus the UK.
Here it turns out that the corona situation in 2020 has caused an overall decline across all playing surfaces of 23 percent. This compared to last year. It writes the medium EGR .
In 2019, turnover was 96.6 billion euros, while the figure in 2020 is expected to land at 75.9 billion euros. This corresponds to NOK 718 and 564 billion, respectively.
Despite the overall decline in gaming revenue, Europe's revenue for online gaming is expected to increase by seven percent from DKK 182 billion in 2019 to DKK 195 billion in 2020.
_______________________________________

Europe's total play fell by 23 percent in 2020. How is situation in US?
I hear slow payouts, account block/investigation complaints very often recently. This may be related with epidemic.

[Alfie White]

In 2019, turnover was 96.6 billion euros

in 2020 is expected to land at 75.9 billion euros

So with 4 months of NOTHING we are at ~78% and you assume everything is crashing? You might want to put your numbers into crunching machine again.

[lonnie55]

Europe's total play fell by 23 percent in 2020. How is situation in US?

Source: https://www.blackjackonlinecasinos.n...nfographic.jpg



Source: https://twitter.com/EUgambling/statu...690177/photo/1


Just a matter of framing, I guess?

[redsox2004]

Leagues have created protocols around how to handle COVID and while not ideal with tons of postponements and cancellations, we are miles ahead of where we were 9-10 months ago when all we had was esports and table tennis.

where cash flow could be an issue is whether people are going to play as much or maintain as high a a balance in accounts. I’m keeping 10% of playing balance as I used to because I’d rather have the balance sit in btc. But what percentage of Sportsbook business are btc users?

[Sawyer]

In addition, there may be an increase in number of fixed matches. Remember, no ticket revenue for football clubs. What Italian teams will do? Yeah, you can guess..

In live betting (betfair market), I witness at least 2-3 fixed games every week specially in lower brazil leagues..(u20, Serie D etc)