If you haven’t heard of William Krackomberger, check this out: → Bill grew up on the East Coast, where gambling was a big part of the culture → He learned about advantage gambling from his cousin, a skilled card counter → He made his first significant profits playing poker in the late 80s and early 90s But with a track record of beating the books, success comes at a price. Bill has been banned from countless sportsbooks over his career. His crime? Using his brain to spot and exploit market inefficiencies. Sportsbooks claim to love winners, but Bill knows better. He calls out casinos for their "We love winners!" billboards. — "Stations throws people out if they win long term," he reveals. "I'm one of them." It's a needed reminder that despite the glossy ads, sportsbooks are in the business of making money. And while they may tolerate the occasional winner, consistent success is often met with limits and bans. — Have you ever had your betting limits cut or been banned? How did you adapt? Hear more of Bill's sharp insights on the latest Linecraft, out this Wednesday!
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DON'T BLOW YOUR HORN AT OLD PEOPLE! (Watch the video until the end). I had a long conversation with some people in the sports betting industry. Some I have known for over 20 years... We arrived at the same conclusion. Giving $1000 sign up bonuses - is not the answer to building a solid customer base. That would be like Starbucks giving away 7 free coffees a week to each of their customers just so they sit in the store/restaurant and enjoy the "experience". Guess what happens to those customers when the free coffee stops? This so-called "sports betting industry" better starts listening to the OLD PEOPLE in this industry and stop trying to build business based on strategies that can only work when you are selling a product or service to people who are dumb or dumbed-down. Sports gamblers (for the most part) are very logical and very (very) mathematical people. That is the lure of sports gambling. Sure, you can find "squares". Sharps are detectable by good people watching the screens. The occasional player will never be enticed by bonuses - they just want to play and have fun. I am neither of the three. I can be in Vegas for a year and won't bet $20 total. So in essence - There are 4 types of "people" sportsbooks in the USA that need to be aware of... But the other question is: Are these businesses (really) sportsbooks or just publicly traded (and some privately traded) companies taking their investors' money based on the potential size of the industry without telling them about the PROFIT MARGIN (hold)? The real benefactors are the regulators. #sportsbook #Draftkings #FanDuel #SBC #SBCAmericas #gamblingindustry #igaming #casino #sportsbetting
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There are many battles taking place in the gambling industry (all that's missing is someone yelling Worldstar into a shaky phone video). And that's the theme of today's newsletter. https://lnkd.in/ecJJYGA2 First up is the latest on Missouri's sports betting ballot initiative. I also dive into California and how tribes are being wooed by the big commercial operators and B2B suppliers. I also examine another division in the industry: sweepstakes, which is becoming among the most contentious issues. Thanks to today's sponsors: Sporttrade, Underdog, and OpticOdds Assists from Legal Sports Report, Eilers & Krejcik Gaming, LLC, Mike Seely, SBC Americas, Chris Grove, Howard Glaser, Dillon Borgida
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Like many of you, I’ll be climbing inside the giant pinball machine that is ICE/iGB this week. Noise aside, if you represent a Sportsbook or Affiliate and are interested in discovering why you are only scratching the surface of the potential spend of your existing consumer base, then drop me a mail. [email protected] I have a few 15 min slots available. I’ll just add this…Your consumers only show up for 2 reasons. 1: To source a bet with a decent return 2: To figure out the chances of that bet winning. People won’t buy a pizza without first clicking the reviews and bets are just the same. That’s why we built a solution that delivers logic beside every bet you offer, opening up the true potential of your entire offering. So if you’re looking to really move the needle in 2024, mail me and see if we’re not right!
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Buck Euchre / Dirty Clubs Buck Euchre, also known as Cut-throat Euchre or Dirty Clubs, is a North American Euchre variation in which everyone plays for themselves. As in games of the Rams group, there is a penalty for any individual who wins no tricks. There seem to be several different versions of Buck Euchre. This page first describes one for four players played in Ohio, USA, based on a contribution from Ed Eby, then the game of Dirty Clubs, based on a contribution from Rik. Finally a three player version from Indiana is explained, using information from Natty Bumppo's Columbus Book of Euchre. Cards and Deal There are four players, each playing for themselves. A a 24 card deck is used, consisting of A-K-Q-J-10-9 in each of the four standard suits. As in Euchre, the trump suit ranks differently from the others. The top trump is the jack of the trump suit (right bower), second is the other jack of the same colour (left bower), and then follow the other cards of the trump suit: ace, king, queen, ten, nine. The other suits rank normally from high to low: A-K-Q-(J)-10-9. If there are no trumps, all suits rank from high to low A-K-Q-J-10-9. The first dealer is chosen at random, and thereafter the turn to deal passes to the left after each hand. The dealer deals a hand of five card face-down to each player, dealing the cards two or three at a time, in two rounds. The next card card is turned to indicate the proposed trump suit. If the turned up card is a club, then clubs are automatically trump. There is no bidding or dropping out and everyone must take at least one trick to avoid penalty. If the turned up card is not a club, the trump is determined as in Euchre. Starting with the player to the left of the dealer, each player has an opportunity to order up the turned card, confirming that suit as trumps. If it is ordered up the dealer takes it and discards a card face-down. If the first three pass, the dealer can take the turned up card, confirming its suit as trumps, or turn it down. If the dealer turns it down then each player in turn has the chance to name a trump suit different from that of the turned card. As soon as a player orders up the trump, or the dealer takes the trump, or a player names a trump suit, that player (the trump maker) is committed to try to win at least three tricks. Now each of the other players in turn, starting with the player to the trump maker's left, must say whether they will stay in or drop out. Anyone who stays in must take at least one trick or suffer a penalty. If you drop out you avoid the risk of a penalty for taking no tricks, but since you are not playing you have no opportunity to score for tricks taken. If the turned trump is not ordered up and not taken by the dealer, and no one names trump on the second round of bidding, then the hand is played without trumps and there is no opportunity to drop out. Each player must take at least one trick or suffer a penalty.
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If I am reading this message correctly, and I am pretty sure I am, my NOT gambling is potentially going to cost me $666. That's a lot of money! Would I rather lose $10, or miss out on a $676 payout? I don't know how the nine AFL results will pan out this week (round 23 of season 2024), but considering how unpredictable the league can be, if I assume each game is a coin-flip that does not result in a draw, that means there are 512 unique permutations (2^9), each of equal chance. On that basis, fair value for my punting this weekend from a $10 stake would demand a minimum potential payout of $5,120. $676 is nowhere near that. Maybe we don't need to *cancel* gambling ads. Perhaps a better approach is to "refine the message" so that our footy fans are capable of discerning between a good bet and a bad bet. In doing the above, they will be able to "gamble responsibly" or "not-gamble responsibly". Punters might not listen to me, but I know they listen to Shaq! Finally, I am allowed to comment on sports betting because we live in a culture where this messaging is well-financed and embraced. And if you have a problem with that, then might I suggest you have a popular problem.
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In today's newsletter, I put forth a contrarian take on the Dave & Buster's news. Plus, Chicago's slow march to VGTs, NC Gov. calls for a bettor-friendly tax change, the latest on MN sports betting, and more. https://lnkd.in/erpd6MBQ "First, nothing is preventing this from happening right now. There is this thing called cash or Venmo, and people (of all ages) can bet with their friends on Skee-ball, air hockey, or any other game located in Dave & Buster’s… or in their driveway." "Second, as long as the limits are capped at $5 or so, and it remains peer-to-peer (not betting on other people), this is about as harmless as it gets. It’s not the act of betting that is inherently problematic. The ability to lose large amounts of money in a short amount of time is more worrying to me." Assists from: Mike Mazzeo, CDC Gaming Reports, Justin Byers, Chris Altruda, Chris Grove
Slippery Slopes
straighttothepoint.substack.com
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Back when Internet discussion was possible, I had someone try to convince me that sports books couldn’t possibly set lines to even money and make profit on the arbitrage. One absolutely had (one asserted without evidence) to have experts who would know more than the general public and gamble with the casino’s money appropriately. Which leads to three possibilities. One could have insider information about casinos. One could be a total fool. One could work for a casino and be trying to convince gamblers that casinos have experts who are smarter than the efficient market hypothesis… and you can too! https://lnkd.in/gN-za4K6
What’s Sports Betting Juice & How Does It Work? | Odds Shark
oddsshark.com
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🇺🇸🔍 The Minnesota House Commerce Finance and Policy Committee recently passed HF5274, a bill that could reshape the state's gambling laws, particularly focusing on historical horse racing (HHR) and card games at racetracks. 🏇 As sports betting remains a hot topic, this bill advances to the State and Local Government Finance and Policy Committee, promising potential regulatory shifts. 🤝 Industry stakeholders, including representatives from Canterbury Park and Running Aces, emphasize the need for a fair legal process and express concerns over job impacts and the gaming expansions' legality. 📈 With Minnesota grappling with these complex regulatory and economic challenges, the outcome could significantly influence the state's gambling and sports betting future. 👉 Read more here: https://lnkd.in/dGxvun7q #minnesota #gambling #horseracing #SportsBetting
Minnesota's Tribes and Tracks Navigating HHR and Sports Betting
us.onlinegamblers.com
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Sports gambling is going to cause major problems in this country - and for employers. Here's an article that does a great job of explaining the complications that come from sports gambling from the perspective of professional leagues.
I just came across this fantastic article about sports gambling that might be of interest to some: https://lnkd.in/gU3ecvpn Again, the concern here is that people are going to get into trouble over this stuff. It's just too easy. And when they get into trouble they might do all kinds of things to get themselves out - including stealing from their employers. The time is now to strengthen those financial policies and procedures. It's always better to prevent something from happening than to do a good job of cleaning up a mess. As always, we can help!
Column: It's not just Shohei — a massive scandal involving sports betting is just around the corner
finance.yahoo.com
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One of the questions I get asked more than any other is: "Who let you in here?" Another is "Why are online casino bills so hard to pass?" There are many reasons: - Lack of alignment across stakeholders who want online casino - Lack of political will to pass bills - Lack of broad-based public support for online casino - No ancillary support from sports leagues, et al. who showed up for OSB - Opposition from labor unions As the chart below from Chris Krafcik and my colleagues at Eilers & Krejcik Gaming, LLC, another issue is the over-performance of digital-first brands in states like Pennsylvania, a track record that complicates the risk-reward analysis for retail casinos.
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