The end of online gambling is near

One last thing, it is official now....

You would have to either be crazy, or have extremely high junk bond risk tolerance to have a dollar in a book that accepts Americans right now.

I think it is at least 50/50 that 5dimes and BM will follow suit within 30 days.

It is just fucking ridiculous.

Look at covers ads on the sides and tops of the pages.

No more sportsbooks.  Plenty of Dell, Chevy, and Blue Cross Blue Shield - but no gambling.

Sad.

Vanzack,

I have $900 in my Greek Account. WTF. No advance warning?

What do you know about Heritage?

Quote Originally Posted by Jaya:

Why is everyone freaking out about this. This is not the first time this has happened. Just deposit small amounts 100-500 and make sure to us a good book( a book that has been in business for over 10 years) Do your homework. The US has bigger and better things to worry about.

Everyone is "freaking out about this" because it totally makes it impossible for certain types of gamblers to wager on sports.  Its great that you can deposit 100-500 bucks at any book that charges any price (-110, -120...), but lots of folks actually care about things like risk and prices, and bet more than 20 bucks a game.

That is not disparaging you at all - you are perfectly allowed to do what you do - but to pretend like because you are fine that everyone is fine - and untouched by all of this - is totally naive.

You know whats funny Kap?

I wake up every day EXPECTING these things.  But even with that, I am also amazed that the Greek caved.

It is totally sickening.

Like I said above - if you are a rec gambler - just want somewhere to make a bet, are price INsensitive, and are willing to take on the risk - you will always have somewhere to bet.  There is a slice of the pie that fits this profile.

Unfortunately, there is also a larger slice that is totally fucked.

Certainly why you might make the argument that the overhead of Vegas, along with their tax liabilities - are exactly why they ALREADY charge outrageous house holds on sports.

The taxes would come from profits, but in order to hit profit goals, you simply will have to make more money in order to make the same profit when you add in tax liability.  So that is a longwinded way of saying you are probably right.

It is not the end.

But just like Marijuana, the only thing that keeps the price where it is for a weed is that it is illegal and scarce. 

The balance of power between book and player has sharply turned to books in the last year, and the player has no power whatsoever.  Want to bet online?  You have no power - NOTHING - you have to accept anything they throw at you - and you have to accept all of the risk - and all of the cost.

So while there will always be somewhere to bet (I agree with you), "bettting" is not the only goal.  There will be no competition on lines, prices, risk - basically you have to accept far worse conditions for every wager you make.