Where is the offshore gambling industry headed? (2003 thread)

[Sugarbear]

The offshore books probably will consolidate into mega-big sports books. Anyone who is not a big book, would be a shit book.

Internet sports betting could be driven underground in the USA. Meaning it will remain illegal, but maybe route bets thru proxy servers, ingenious ways of moving money betting funds back and forth between client and book, anything that makes it harder to get caught. The BOS saga has proved anyone operating out of Costa Rica is under risk from US prosecutors. You want a better address for your own book.


Exchanges should continue to growth, prehaps dominate. From a sports book point of view, it would makes sense for the market to define the risk of a game instaneously, than for yourself to hang lines and massage the numbers on a real time regular basis.


Legalization of sporting betting in the USA, from my view as a foreigner myself a Canadian, is I think a 2% to 5% chance within the next 25 years. Out of all the western countries, religious conservatives are taken seriously only in America. No other country in the west even takes the religious conservative seriously. The Republican party is against it, and the professional sports leagues are against it. The only way I see it happening is Las Vegas leads the charge or some Indian band mounts a successful court challenge. No one is gonna listen to the degenrate over the economic pros & cons of legalized sports betting.


The degenerate, being a gambler, will always be optimistic about his bets, and by nature, the future of the off-shore betting industry.


I think during this BOS saga, people are looking at it with rose coloured glasses. This BOS is a complete disaster. No book is safe from US DOJ if you have American clients. The industry is not on solid ground, at least in America, the US DOJ actions prove that. As for the rest of the world, it probably will be business as usual.

Only my opinions of a foreign degenerate who likes to bet a little on NFL.

We have a winner. Polaris nailed it.


Does anyone want to add anything?

 

[Sugarbear]

The offshore books probably will consolidate into mega-big sports books. Anyone who is not a big book, would be a shit book.

Internet sports betting could be driven underground in the USA. Meaning it will remain illegal, but maybe route bets thru proxy servers, ingenious ways of moving money betting funds back and forth between client and book, anything that makes it harder to get caught. The BOS saga has proved anyone operating out of Costa Rica is under risk from US prosecutors. You want a better address for your own book.

Exchanges should continue to growth, prehaps dominate. From a sports book point of view, it would makes sense for the market to define the risk of a game instaneously, than for yourself to hang lines and massage the numbers on a real time regular basis.

Legalization of sporting betting in the USA, from my view as a foreigner myself a Canadian, is I think a 2% to 5% chance within the next 25 years. Out of all the western countries, religious conservatives are taken seriously only in America. No other country in the west even takes the religious conservative seriously. The Republican party is against it, and the professional sports leagues are against it. The only way I see it happening is Las Vegas leads the charge or some Indian band mounts a successful court challenge. No one is gonna listen to the degenrate over the economic pros & cons of legalized sports betting.

The degenerate, being a gambler, will always be optimistic about his bets, and by nature, the future of the off-shore betting industry. I think during this BOS saga, people are looking at it with rose coloured glasses. This BOS is a complete disaster. No book is safe from US DOJ if you have American clients. The industry is not on solid ground, at least in America, the US DOJ actions prove that. As for the rest of the world, it probably will be business as usual.

Only my opinions of a foreign degenerate who likes to bet a little on NFL.

Polaris is still the winner. I am in 2nd now.

 

[Sugarbear]

Whee are we going from here everyone?

 

[VIEJODINOSAUR]

The bigger books are gobbling up the smaller ones...

It really costs too much to open a good-sized book...

The bigger books will expand into Europe and Asia and dominate the market..

Affiliates and agents will remain but PPH shops will be a thing of the past in the next few years...

More and more offshore books will leave Costa Rica and only the top five or six will remain...

 

[Sugarbear]

The bigger books are gobbling up the smaller ones...


More and more offshore books will leave Costa Rica and only the top five or six will remain...

Yeah the collaspse of the post up only shops is evident from the other side here. The paper died would be the easiet way for you all to understand it. ASH LIKE THIS PAST YEAR IN FACT. I did wring 62 G's out for the year. Some ashes. :howdy: :toast: :toast:

Those bigger books goobling up everything is a boon now and a bust later. A boon for the big 5 that is. Fewer choices is not good for the player, but its great for buisness. @) d1g1t You are so going to start loving our corprate bookmaking ways yet. In fact, you do now, you just cant see it. There are some extremly sharp people in offshoredom. ALWAYS HAS BEEN. ALWAYS.


To bad to many of them are to far behind the been changing all along times ahead. Almost Impossible to catch up to the current Prince and one day King of it all, CALVIN ARYE AND BODOG. With all due respect from the kid of it all, Only the "Cigar" himself can hope to catch up. And thats IF
he wants to compete in the US facing post up market that is, and If its with the BETCRIS label. I am split on that one. The fourm archives would suggest no they dont. In the corprate and regulatory ways I see things they are far behind where they need to be. All are way behind Calvin and Bodog. I can tell you for a fact he is just waiting at this point for the rest of the world to catch up to them. Out there in sunny, wonderful and warm ANTIGUIA. :howdy:

WHERE THE GAMING WORLD MEETS. HOSTED BY BODOG. Etc. Etc. (<)<See you there one and all in 2013. I wonder what a condo on the beach is going for about right now. Or a condo and I will walk. Their hard core crew are foodies at that. ALWAYS a bonus. Good food to eat is important you know.


Before that however, the company most in postion and about to come out of thepositive clouds is SPORTINGBET through its HOLLYWOOD LABEL.

Major shakeup in the offshore landscape is not to far off in the future now.

See you in Antigua!!! :toast:

 

[5teamparlay]

I'm predicting for the US the entry will be some racetrack or parimutuel hub and/or Canadian casino(likely a sovereign Indian one) somehow legally utilizing Betfair for an event-- this then mushrooms to other Canadian casinos and Delaware or AC or LV in that order of likelihood...

If Betfair was shrewd, they'd get into the Fantasy Leagues & try to hook some league/organization/publication to officially manage it for.

This is guy was almost 100% spot on 13 years ago.