Maybe I am harping on this subject a bit too much, but I was justing thinking about Gambler's Avenue and Blue Marlin shutting down and it really made me mad.
The people who run the book lose nothing because they get to make a living for a few months or a year booking sports. They are in a nice climate and they can have some fun until the bank runs dry. I doubt that the investors who start these books really get sunk, either. They are probably smart enough to not tie up any of their own personal money in a book and take their share out before they close up shop.
Sites like this one might lose out on an advertiser or two, but in the end they still get their money while the book is in business. The book can run a bad business plan on fumes for months or even years just getting a stream of money from chasers of bonuses and low juice. Sure, it hurts when it runs out but the compulsive gamblers who often frequent these sites will eventually forget the pain of getting stiff and find another sponsor to support.
Sharp bettors may look like the real victims, but are they? I mean, you deposit several dimes to start a football season, try to roll it over five times and by the time you do the book goes belly up with a few dimes of your money. That stinks, but in the meantime you probably raped the book by arbitraging out bonus money for the last several months the book was in business. You probably also got a few soft lines once the book got desperate and started "betting" with their lines themselves.
Seems that covers just about everyone except us normal, every day players. We aren't the ones putting books under. We send and send and send money while money continually gets paid out to gambling websites for advertising, sharp bettors for their bonus and referral scams, employees and investors. One way in and about a half dozen ways out. When river of cash coming in finally dries up, everyone grabs whatever they can and moves on to the next book. Hell, it's happened to me before. I've gotten a tip that a book is in trouble and I am trying to pull my money out thirty seconds later. All it took was one stiffing from Alladin's Gold to teach me that you have to take your money and run when someone in the know tells you to.
I am not saying that there is anything malicious going on by most of the people out there, but this is just the way it is. I guarantee Jack and IE would do almost anything they could short of paying Blue Marlin customers themselves to reverse the course of events that led to that book going under. They didn't want anyone to get stiffed. But to keep the business running you have to take money from sportsbooks. To take money from sportsbooks sometimes to have to look the other way at certain things to keep the sportsbooks happy. When you look the other way, 99% of the time the sportsbook ends up doing O.K. and nobody is the wiser. But that small percentage where the sportsbook fails ends up hurting and it is the players who feel the sting.
How do you solve it? You find a way to take the leeches who are taking your money out of the equation. Some of you will know what I am saying. Some won't. I am not going to spell it out explicitly. There is a lot of money in the sports gambling industry and there are a lot of people who want their piece. To keep your money safe, I believe the best course of action to to make sure as few people as possible are reaching into that money you are sending offshore.
The people who run the book lose nothing because they get to make a living for a few months or a year booking sports. They are in a nice climate and they can have some fun until the bank runs dry. I doubt that the investors who start these books really get sunk, either. They are probably smart enough to not tie up any of their own personal money in a book and take their share out before they close up shop.
Sites like this one might lose out on an advertiser or two, but in the end they still get their money while the book is in business. The book can run a bad business plan on fumes for months or even years just getting a stream of money from chasers of bonuses and low juice. Sure, it hurts when it runs out but the compulsive gamblers who often frequent these sites will eventually forget the pain of getting stiff and find another sponsor to support.
Sharp bettors may look like the real victims, but are they? I mean, you deposit several dimes to start a football season, try to roll it over five times and by the time you do the book goes belly up with a few dimes of your money. That stinks, but in the meantime you probably raped the book by arbitraging out bonus money for the last several months the book was in business. You probably also got a few soft lines once the book got desperate and started "betting" with their lines themselves.
Seems that covers just about everyone except us normal, every day players. We aren't the ones putting books under. We send and send and send money while money continually gets paid out to gambling websites for advertising, sharp bettors for their bonus and referral scams, employees and investors. One way in and about a half dozen ways out. When river of cash coming in finally dries up, everyone grabs whatever they can and moves on to the next book. Hell, it's happened to me before. I've gotten a tip that a book is in trouble and I am trying to pull my money out thirty seconds later. All it took was one stiffing from Alladin's Gold to teach me that you have to take your money and run when someone in the know tells you to.
I am not saying that there is anything malicious going on by most of the people out there, but this is just the way it is. I guarantee Jack and IE would do almost anything they could short of paying Blue Marlin customers themselves to reverse the course of events that led to that book going under. They didn't want anyone to get stiffed. But to keep the business running you have to take money from sportsbooks. To take money from sportsbooks sometimes to have to look the other way at certain things to keep the sportsbooks happy. When you look the other way, 99% of the time the sportsbook ends up doing O.K. and nobody is the wiser. But that small percentage where the sportsbook fails ends up hurting and it is the players who feel the sting.
How do you solve it? You find a way to take the leeches who are taking your money out of the equation. Some of you will know what I am saying. Some won't. I am not going to spell it out explicitly. There is a lot of money in the sports gambling industry and there are a lot of people who want their piece. To keep your money safe, I believe the best course of action to to make sure as few people as possible are reaching into that money you are sending offshore.
