Estimate how much Pinnacle made last year.

[Fox]

Taking bets or playing?

I heard once that they were also the biggest syndicate group playing all over the world...I would say they made close to 50 million booking (before expenses)...and who knows how much playing...

 

[Hitman26]

600 million

 

[Doug]

Every sportsbook/casino out there should be making money. With the parity in sports now, the consolidation of more and more books and lack of self control most gamblers have.

Used to play poker with an old Jewish fellow that I used to tease for being a mizer and he used to say "never mind counting my money son, keep track off your own" (-;

What about new start-ups like Betonstars, Richcoast, BCN ( older), Bet4aces, and other places like that ? They can only get customers with bonuses, and those aren't good customers ( guys like me).

They don't have the reputation of a CRIS, if they go low juice they have competition with Pinny, exchanges, etc.

How can new books make it ?

 

[ClipJoint]

How can new books make it ?

They can't...there really is little to no chance of success for new books these days.

 

[D2bets]

i dont know the exact figure but i thought ive heard that sports gambling is a 200+ billion dollar a year industry so if they got just a little piece of that, it's a lot of fucking money.

200 billion volume maybe, not profit.

 

[valueman]

Clip Joint - the people on this forum are NOT a good sample of bettors at a sportsbook.

New books will find it hard agreed to get established with existing competition but if they have good management, risk management, marketing and staying power (money) then there is still a lot of money to be made.

If 5hit books like BoDog can make money and lots of it then anything is possible.

 

[Doug]

They can't...there really is little to no chance of success for new books these days.

I agree Clipjoint, there are too many around now, not sure how many...must be 500, maybe 2,000 ?

Startups have no niche left. You have old established places like CRIS, reliable low juice like Pinny, exchanges like Matchbook, options like 5D, then hundreds and hundreds of other decent books like Skybook, Wagerweb, WSEX,Bodog, SIA, Cascade,Canbet... At least 200 books with a fairly solid background.

Tough to fit yourself into this overcrowded arena.

You have to offer 100/100 bonus deals, buy databases, etc.

Bottom line is you need huge backing, ( like the big house guy), an old trusted name, or you will be associated with the likes of Pan-am, Blue Marlin...

You can get us bonus whores to send $100, then what ? uppy: