Betting Talk

What we've learned from day 1

Old-TimerOld-Timer Senior Member
edited June 2018 in Sports Betting
The Highlights
Delaware sportsbook operators began accepting legal sports wagers Tuesday afternoon.
NBA, NFL, MLB and World Cup betting was immediately available, with more sports coming, including horse wagering for Saturday’s Belmont Stakes
According to ESPN’s Darren Rovell, all bets over $1,000 will require approval.
Tuesday at 1:30 p.m. ET, Delaware sportsbook operators opened and began accepting the state’s first legal sports wagers. NBA, NFL, MLB and World Cup lines are currently being offered, with professional hockey, golf and auto racing also expected in the future, according to previous reports.

Delaware was not taking bets on Tuesday night’s WNBA game between the Connecticut Sun and Atlanta Dream. It’s unclear if WNBA will be offered in the future.



Betting Tips: The Fundamentals of Sports Gambling




One interesting nugget to come from today’s opening is that single-game wagers of more than $1,000 will require approval, according to a Tweet from ESPN’s Darren Rovell.

While there technically are “no betting limits,” the state and operators (William Hill in this case) are basically reserving the right to reject any wager over $1,000 based on a bettor’s profile.

In layman’s terms, if you’re a losing player, your bets will be accepted. However, if your betting history shows signs of a winning bettor, they’re not going to take your action.

This is certainly a disappointing (but not surprising) development for many bettors, but hopefully this amount will increase as both regulators and operators get their feet wet regarding legalized sports betting, especially by the start of the 2018 NFL season.

Legal sports betting is certainly in its infancy, but the combination of betting limits and limited sports offerings illustrate why offshore sports betting is going nowhere, especially in the near future.

Comments

  • JayJayOkochaJayJayOkocha Junior Member
    edited June 2018
    Not from Usa here,but curious about the vig of the odds displayed today,i assume just to high to overcome no?1k is not to bad for volume bettors,here in europe that value would be a dream for many bettors who were restricted to pennies
    Uk jurisdiction bookies,for instance ,is dead for serious bettors
  • JayJayOkochaJayJayOkocha Junior Member
    edited June 2018
    Not from Usa here,but curious about the vig of the odds displayed today,i assume just to high to overcome no?1k is not to bad for volume bettors,here in europe that value would be a dream for many sharp or square sharp bettors who were restricted to pennies
    Uk jurisdiction bookies,for instance ,is dead for serious bettors
  • bumpobumpo Senior Member
    edited June 2018
    I'm guessing 20 cent baseball? Also, are they taxing winning tickets when cashed or will it be on the BM's net profit? I doubt players that have been around will find it player friendly.
  • Old-TimerOld-Timer Senior Member
    edited June 2018
    bumpo wrote: »
    I'm guessing 20 cent baseball? Also, are they taxing winning tickets when cashed or will it be on the BM's net profit? I doubt players that have been around will find it player friendly.

    I agree 100% No faith mainly due to greed and just not smart business. As I said in the past I can only speak of Nevada but they have gone away from volume. They want it all and all in one day. It's truly unbelieve how very smart and successful business men can be so uninformed in this industry. Al Leiter says beware someone can bet 500,000 on the next pitch if it's going to be a ball or strike. IMO and I could be way off but if you let each state do as they wish it's going to be a cluster. but If it's run right this can put the baseball market back on the map. This can turn out to be the best thing that's ever happen to baseball if run right.
  • Old-TimerOld-Timer Senior Member
    edited June 2018
    Just heard the Handle in Delaware the 1st day middle of the week $300k. not bad if you think about it.
  • lilylily Senior Member
    edited June 2018
    bumpo wrote: »
    I'm guessing 20 cent baseball? Also, are they taxing winning tickets when cashed or will it be on the BM's net profit? I doubt players that have been around will find it player friendly.

    Dime line MLB @ Delaware Park yesterday..
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