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...
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...
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