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European-Style Sportsbooks: Bad for Everyone

Types of Sportsbooks and the Right to Refuse Action

Both have been refused action by dozens and probably hundreds of sportsbooks in my own life. I think this is how it is for anybody who has made any amount of money in sports.

I really don’t begrudge the majority of these novels and frankly feel blessed that a few of these really paid me. I’m happy to acknowledge that many of what I beat these books on were things which are one of the simplest to overcome in sports gambling – props, tiny sports, and ancient lines in medium-sized sports at which everything moves two points or equivalent. For the significant things I wager at the typical significant books which are comfortable booking the activity, and don’t have any trouble getting down to this day although I’ve been limited to some degree at a couple, unfortunately in the few bigger sports that I really like.

In my view, sportsbooks do not have any sort of ethical obligation to have a wager, especially unregulated offshore sportsbooks. With controlled sportsbooks there is a bit more of a debate to be made, but regulated sportsbooks are quasi-private companies that exist to create money, and can not be expected to have a beating from sharps and do nothing about it. And it is a really hard business in which to make any money, especially nowadays; if you have a look at the earnings reports of the significant regulated novels, they are not all that profitable. Most make a pathetic percentage of the win after paying marketing, taxation, and expenditures, and a few actually eliminate money.

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