Future For American Sports Orientated Books

There seems to be a glut of Bookmakers at the moment mostly due to the advent of Poker and Casino but one wonders how long it can last with so many snouts in the trough, like slot machines, people can only keep losing for so long and when it dries up the Books will have to fall back on the more conventional betting.
If you look at the British Books they are somewhat insulated by the traditional Horse Racing which is still a big earner but after that Sports betting is basically gone for them. The days where you can have a load of square Clients is long gone and even the dopiest punter has access to the Exchanges, this means the majority of Firms just go through the motion with nothing more than a tissue price on an Event.
Take tonight's Game between Birmingham & Newcastle, out of 46 Books only 5 are beating Betfairs odds on any play which means they are taking a view and basically falling in with the more Sharper Punters. Offshore American Books have had it easy up to now between the Dollar shying Europeans away and The Exchange concept not really taken off yet, but when it does they too will be wagged by the tail of Exchanges.
Matchbook going 1% commission on Baseball will push a lot of Books to either take a view or lay stale lines, neither which is ideal this time of Year. While this good short term for the Punter, once the Books get ironed out the Exchanges will up their Commission and it will be back to the Old Days. :drink:

winbet, are the english generally bigger "suckers" then the yanks?

i would have to say they are and my reasons are that the english seem to tolerate this ridiculous vigourish that exchanges like betfair, and bookies like paddypower and the such charge.

Yanks on the other hand seem to always be after "wal mart" style pricing and thus books have to offer them what they want:

5dimes: nickel overnights
betjam: dime lines
WSEX: less than dime line for games close to a pick
Matchbook: 1% (WOW)
Greek and CRIS: many options

i

In the past Yes but the big difference is the mentality, Brits are used to betting on things other than Two way Games, hard to work out if your getting value on a 26 Runner Horse Race which is the norm. Betfair is essentially a 5% book with a trading option and as I said, if the Dollar turns it around more Europeans will get involved, there is no square and sharp here, just circumstances. :drink:

winbet said:

In the past Yes but the big difference is the mentality, Brits are used to betting on things other than Two way Games, hard to work out if your getting value on a 26 Runner Horse Race which is the norm. Betfair is essentially a 5% book with a trading option and as I said, if the Dollar turns it around more Europeans will get involved, there is no square and sharp here, just circumstances. :drink:

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do the euro books offer vig which is as tight as the vig I showcased in post # 2 on euro sports?

what I mean is, do books like paddy power or whoever else offer something similar to nickel overnights at 5dimes is say soccer, rugby or the likes? (I dont think that they do, but correct me if I am wrong).

Of course pinnacle and mansion are newer to the market.

As i said, nowadays they are forced into opinions so there's always someone will lay you over the odds. Once again take Tonights Game, whatever your fancy you should have got a premium price so although no one Book seems as good as Pinny, overall its the same. :drink:

winbet said:

As i said, nowadays they are forced into opinions so there's always someone will lay you over the odds. Once again take Tonights Game, whatever your fancy you should have got a premium price so although no one Book seems as good as Pinny, overall its the same. :drink:

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absolutely....

similarily, on the american side, if you have matchbook, greek, cris, 5dimes, and perhaps 2 or 3 square books on your side, you are basically betting VIG FREE because you can always find the best number one way or another.....

so at the end of the day, even a monkey should be able to break even if they can simply shop the lines effectively.

(unless of course they are betting the wrong side of the move more than 50% of the time, which may get them in trouble)

It still seems to me that the Yanks demand a better value overall (cheaper prices), wheras the brits seem more willing to take it up the arse and pay much higher vig.

My other theory is that most brits bet casually, but many many more of them do it, afterall, there are betting shops on every street corner.

Far fewer yanks are betting in terms of per capita, but those who do bet much higher than the average brit who is laying 10 or 20$ a game. The higher stakes is what makes the customer more demanding....

Yanks demand better value?? Serious UK and Aussie punters do not bet at corner shops. They would much rather pick the pockets of the books you mentioned above in the comfort of their home.

If you're speaking about the TAB and Ladbrooke horse junkies or 20 pound a game bettors their no different then american bettors

Like I said, the mere fact that the betting Field is over Two will confuse more punters. Knowledgeable Punters on here seem to get confused when you put an extra runner in like the Draw. :drink: