Background:
The problem:
Have any of you dealt with this? If so, have you been able to get the book(s) to remove the limit? I can still get most bets in on Caesar's (terrible mobile app) and FanDuel, but this is starting to eat into my profit margin, while making some bets almost impossible.
It seems to me like the sportsbooks don't want to say the quite part out loud, which is that they have zero interest in winning bettors, but instead want the degenerates who will lose far more than they win. Because the sharp bettor isn't breaking any rules and can't be kicked off of the site, they resort to these tactics.
It will be interesting to see how this market evolves. My guess is that the book has less of an advantage than they have enjoyed in the Vegas casinos over the years, as online betting allows bettors/handicappers with advanced degrees to crunch numbers at a computer and win 58-60% of the time.
- I started betting sports online in 2021 in one of the legal states where there are 17-18 online sportsbook apps.
- My wife and I agreed to an amount for a starting bankroll. I took advantage of all sign-on promos to build the bankroll.
- I studied professional handicappers, and have since become a paying member of 4 different handicapping services for a wide range of bets (college football sides/totals, basketball (college/NBA) sides/totals, NBA/NFL player props, MLB strikeout props, and then NASCAR/Formula 1.
- For every dollar spent on a handicapping membership, I have made $6.40.
- I follow an extremely disciplined approach where I bet to win 1-1.5 units (1% of bankroll) on each recommended play.
- I work from home exclusively now, so it's very easy to get bets in when they are posted.
- I do not watch the games I bet on ... which almost makes it akin to the stock market.
- I have been profitable each month.
The problem:
- A number of sportsbooks (DraftKings and MGM being the worst offenders) have begun limiting the amount that I can wager on almost all markets, often times just 5-10% of a unit. They are always vague in their explanations.
Have any of you dealt with this? If so, have you been able to get the book(s) to remove the limit? I can still get most bets in on Caesar's (terrible mobile app) and FanDuel, but this is starting to eat into my profit margin, while making some bets almost impossible.
It seems to me like the sportsbooks don't want to say the quite part out loud, which is that they have zero interest in winning bettors, but instead want the degenerates who will lose far more than they win. Because the sharp bettor isn't breaking any rules and can't be kicked off of the site, they resort to these tactics.
It will be interesting to see how this market evolves. My guess is that the book has less of an advantage than they have enjoyed in the Vegas casinos over the years, as online betting allows bettors/handicappers with advanced degrees to crunch numbers at a computer and win 58-60% of the time.