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An item for the 3/14 agenda

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  • An item for the 3/14 agenda

    Like all bettors I hope the 20 cent line thing doesn't get adapted, and I have mixed feelings about all the books getting on a single screen to be bet through one account because of how that will inevitably flatten prices.

    But since some form of cooperation seems inevitable, and since I want books to be as successful as possible with everybody but me, let me throw this out as something that might be discussed that would benefit both books and customers new to sports betting who are opening accounts.

    What about having an industry standard on a bonus policy so that if a 10% bonus is offered then it is a policy across books that the account has to be churned twice or ten times or whatever is reasonable in order for the customer to be able to cash the bonus out.

    I make this suggestion not from my own experience because I just ask when I set the account up, and usually get a fairly straightforward answer. But I've recently come across three separate guys who opened accounts at different books and were bitter when they couldln't cash their bonus out at the end of a football season after making (I'll guess) ten to fifty bets.

    Since I have the industry numbers pretty firmly in my head I'm on the sportsbooks side regarding a minimum churn policy, but books need to understand that these guys were not bonus hoppers. They were just football bettors who bet pretty high and opened their accounts in October and November and only made one to three plays a week and wanted their money back at the end of the season. I tried to explain why the books can't offer that bonus off only a few plays, and their response was, "Well, they should be up-front about that."

    Thinking the matter over I see why if only one book makes explicit it's bonus-use ratio it gives the others who hope the matter never comes up an advantage. But if all the big books had a common policy I think the industry would be well served as more and more bettors who simply can't imagine the books end of things open accounts. An ounce of prevention...

    Just a thought for ya'll...


  • #2
    Some books state their bonus policies up front, and I still think that they are too demanding. When a sportsbook gives you a 10% bonus, I think that they should be fair in assessing your level of play. If I send $1000, and I play for a whole football season, and end up betting many times over my original deposit, then I think I easily deserve my bonus. Your three friends have every right to be bitter. It seems to me that the sportsbooks they joined are just sore that they had a winning football season, and are unjustly trying to deny them their bonuses. Some places simply ask you to simply put into action bets totalling your initial deposit, and the bonus is yours. The best sportsbooks are the ones that are willing to be flexible when it comes to their bonus programs. They are only trying to catch those "bonus scammers", so I think that they should look at a player's action, and if they are clearly players, then they deserve any bonuses that they were promised.

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    • #3
      Let's face it. If all the so called "big" offshore boys get together in Costa Rica and try to set some sort offshore "standard" betting rules all it is going to do drive people away. What they need to do is find a way to send & receive funds without all the Western Union and Fed Ex charges. It is cheaper for the players nowadays to play with an "illegal" bookie than to go offshore.

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      • #4
        Johnny, most sportsbooks pick up the fees if you send more than a nominal amount.

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        • #5
          Maceys will never cooperate with Gimbles. Neither will the bookmakers and that is as it should be. The marketplace will straighten it out. The best will still be the best and the also rans will still be also rans. Scotty

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          • #6
            most of bonuses I have received have only required the player to put his entire intial post into play. among the books I have used with this policy are bowman's, post time, premeire league, ace's gold, olympic, gameday, and victor chandler. anything more than 1x post up is too much!

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            • #7
              almost forgot. in reguards to 10 cent line, if your book goes to 20 then take out your dough and post up with one that does. if enough people do this they will get the message in a he11 of a hurry. money talks!

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              • #8
                If the books in Las Vegas can't get together and come up with anything standard. What makes anyone think a bunch of Guys who ran off-shore, Who probably don't even trust each other, who are doing something Illegal, could get together and agree on anything. Who cares if CRIS uses a 20 cent line. Just go somewhere else. The only people this effects are the people who don't bet anyway. The scalpers, followers, or anyone lucky enough to bet more than 10,000 a game and needs a million books to get down. Everyone else will always have enough 10 cent lines to bet with. There will always be enough bookmakers that will use a 10 cent line. Don't worry.
                Why is anyone getting upset with the books that want to switch to a 20 cent line. They are the ones risking losing their customers. Not you.

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