Sportsbook Rants Menu

Saturday, November 29, 2008

UK Sports Programmes Wants a Piece of the bookmakers sports betting revenues

Ha ha ha, I just read an article in the Guardian, http://www.guardian.co.uk/sport/2008/nov/28/gerry-sutcliffe-gambling, where they say and I quote, "We think it is wrong that commercial betting companies make use of our sporting product without making any payment for doing so," wrote Collier."

What a ridiculous argument considering that part of the reasons as to why sports are popular is because of the betting that is going on. If sports betting was taking away their revenue, than I would understand their concerns. However, this is not the case. Sports betting is actually helping the sports franchises make money and they should be thankful for it.
The way they phrase it, I might as well say that Dell should get a piece of the money I make writing on the internet because I use a Dell computer.

Its always about everyone wanting a piece of the pie. It kind of makes me sick and the government are fine with it because if were to pass then the UK government would get to tax twice a piece of the sports betting revenues.

Ah, these clever governements never cease to amaze me.

Saturday, November 22, 2008

Football Betting Bad Beats or November Miracles?

There were a couple of football games this past weekend that had football betting fans either crying foul or jumping for joy as the final gun went off. While every football bettor inevitably has some bad beats and lucky wins throughout the season, two of this past weekend’s games were much more extreme.

USC was a 24-point favorite last Saturday in Stanford, and was set to extract revenge from the Cardinal’s mammoth upset from a year ago (Stanford won in USC as a 41-point underdog). At halftime, it looked as if Stanford might upset the Trojans again, as the score was tied at 17-all. But USC came out of halftime fired up, and scored 28 straight points, meaning the Cardinal would have to march down the field and put the ball in the end zone to spoil USC backers out of a win.

With six seconds to go, after backup Stanford quarterback Alex Loukas was sacked, head coach Jim Harbough called a timeout, much to the dismay of USC coach Pete Carroll. After a 13-yard pass out of bounds, Stanford lined up for a 35-yard field goal with three seconds remaining, but Carroll apparently wanted a second-half shutout, so he called a timeout.

During that timeout, Loukas lobbied Harbough to go for the touchdown, to which he obliged. Loukas delivered with an 18-yard touchdown strike to Austin Gunder on the final play of the game, putting the final score at 45-23. USC backers just needed Pete Carroll to not call a timeout with three seconds remaining and a 28-point lead to get a win. As it turned out, Stanford backers got a November Miracle.

While the ATS verdict was put on the coach in that game, it’s much tougher to stomach a pointspread defeat because of bad officiating. That was the case in Sunday’s Pittsburgh vs. San Diego match.

European Bookmakers listed the Steelers as 4.5-point home favorites against the Chargers. Pittsburgh was making their winning drive with under a minute to play when Willie Parker found the end zone with a four-yard touchdown run, which would have put Pittsburgh ahead 15-10 with an extra point. The touchdown was called back on a holding penalty.

That was the thirteenth penalty called on the Steelers, with just two being called on San Diego. “"No, I have never seen a game ended with 13-to-1 in penalties [the official tally was 13 against the Steelers, two against the Chargers], but I am not answering questions about the officiating," said head coach Mike Tomlin.

After the touchdown was called back, Tomlin immediately put in his field goal unit, which came through and the Steelers had an 11-10 lead with a few seconds left to play. After the kickoff, San Diego tried one last gasp to reach the end zone via a number of laterals, but one of those tosses resulted in a fumble, which safety Troy Polamalu returned for a touchdown. But again, the officials overturned the score.

Official Scott Green admitted the mistake after the game ended, “"We should have let the play go through in the end, yes," Green said, "It was misinterpreted that instead of killing the play, we should have let the play go through."

While it was a tough pill to swallow for Steelers backers, it was a lucky win for San Diego supporters.

Tuesday, November 18, 2008

Reduced Juice Sportsbook or Big Bonus Sportbook part 2

Ok, I've been asked to go into more details about the last article I wrote about reduced pricing sportsbooks so instead of just editing it, I just rewrote it for your viewing pleasure.

When it comes to sports betting, players are constantly bombarded with hundreds of e-mails, flyers, mailers and so on from sportsbooks all over the world. Of course, since we are talking about a billion dollar industry with a yearly growth of 6.5% it´s normal that every sportsbook out there wants to get a piece of your action.

The question remains though as to which sportsbook should one choose over another and more specifically, the type of sportsbook which will best fit your sports betting needs.

A sportsbook can pretty much be categorized into two categories.

1. Full Juice (Big Bonus) Sportsbooks
2. Reduced Juice (Discount Pricing) Sportsbooks

The Full Juice Sportsbook is considered the norm and is the most widely used type of sportsbooks out there.

The Reduced Juice Sportsbook also known as a Discount Price Sportsbook has risen in popularity in the past few years because it charges the players less money to place a bet.
Seeing the advantage of a Reduced Juice Sportsbook, why would a player choose a traditional, Full Juice Sportsbook over saving money with a Reduced Juice Sportsbook?

It all depends on the type of bettor you are.

A regular sportsbook will usually offer a 10 cent line meaning that they get charge 10 cents for every dollar a player bets. Since they make more money with each bet, they can afford to give bigger incentives to their players like giving them a big sign up bonus which usually varies from 20% to 100% bonus. These types of bonuses usually attract recreational betters who are just looking to bet on a few games and then take a payout.

A reduced juice sportsbook however will charge the player less for placing a bet with them. For example, XSbet.com has its NFL sides starting at -105 meaning they will charge you 5 cents for every dollar you bet. Since the Reduced Juice Sportsbook makes less money off of a player, it cannot give it big bonuses to attract new players. These types of sportsbooks are best suited for a serious or professional bettor who knows he will bet often and is looking to save money on the long run.

So if you are the type of bettor that will only place 20-30 bets during the NFL season, then you will more than likely choose the bigger bonus because if you win at the end of the season, you will probably end up cashing out more money due to the bonus.

On the other hand, if you have a bettor that places 20-30 bets a week, then this bettor will probably choose to go with the Reduced Juice Sportsbook because in the long run, they will save more money because they get charge less per bet.

So to recap, a Reduced Juice Sportsbook is like the Sam´s Club of sports betting where the more you but the better the value while a Full Juice Sportsbook is the Kroger of sports betting where you get a great deal for your purchase as long as it´s not an everyday item and you get it on sale.

Monday, November 17, 2008

Sportsbook Conspiracy Theory or Just a bad Judgement?

Last Sunday Night´s NFL football game with the Steelers and the Chargers ended up with many angry NFL and and sports betting fans as well.

It was pretty obvious that the Steelers were going to win the game as per the point spread on that game being Steelers at -4 to -5. However, when Troy Polamalu returned an errant lateral 12 yards for an apparent touchdown on the final play and the the play was overturned it destroyed any chance of a bettor winning his bet on the Pittsburgh spread.

I lost money on that game and so did several thousand other bettors. All because of a misinterpreted play.

Sure they was a lot of confusion when the little man in black and white strippes got in huddle in the middle of the field to talk about which play was what. But in the end, sportsbooks ended up winning at least 20 million dollars. People have been killed for a lot less.

Perhaps someone should keep these referrees in check for a few months to see whether their spending habits have changed any.

Saturday, November 15, 2008

Reduced Juice Sportsbook or Full Juice Sportsbook?

Recently, I´ve been asked by some people about the difference between a full juice sportsbook, like www.betjamaica.com and a reduced juice sportsbook like www.xsbet.com. So let me explain the difference between the two.

It´s all in the pricing as in how much the sportsbook will charge you to place a bet with them.

A regular sportsbook will usually offer a 10 cent line meaning that they get charge 10 cents for every dollar a player bets.

A reduced juice sportsbook however will charge the player less for placing a bet with them. For example, XSbet.com has its NFL sides starting at -105 meaning they will charge you 5 cents for every dollar you bet.

With this in mind, why would anyone not bet with a reduced juice sportsbook instead of a full juice sportsbook? It all depends on the type of bettor you are. A full juice sportsbook is able to give out bigger deposit bonuses and benefits for using their service because they charge more per bet while a discount price sportsbook is not able to do that because it is already giving you a big discount.

So if you are the type of bettor that will only place 20-30 bets during the NFL season, then they will more than likely choose the bigger bonus because if they win at the end of the season, they will end up cashing out more money due to the bonus.

On the other hand, if you have a bettor that bets 20-30 bets a week year round, then this bettor will probably choose to go with the reduced juice sportsbook because in the long run, they will save more money because they get charge less per bet.

Another way to put it would be to call a Reduced Juice Sportsbook a Sam´s Club and a Full Juice sportsbook a Kroger. You get more for your money.