Success With Price Per Head (Small Sportsbook Success)
Case Study in Small Sportsbook Success via Use of Price Per Head (PPH) Software Written and Owned by V.O. Group, S.A., the most successful offshore sportsbook in Costa Rica.
Price Per Head vs. Small Sportsbook Operation
Featuring Dalton Wagner, Founder V.O. Group, S.A.
As Founder and Proprietor of V.O. Group, S.A., Dalton Wagner has the reputation of being the most innovative operator in offshore gaming. His most recent innovation has allowed small sportsbooks to outsource their complete operation to V.O. Group, S.A. while focusing completely on marketing. With formidable competition, Mr. Wagner founded V.O. Group, S.A. in 1998. While most companies formed that late failed, V.O. Group, S.A. has become one of the top 10 operators offshore (as measured by AnteUp; Gambling Online Magazine; Poker Player Magazine; and Many other Publications).
Playing Poker Online Magazine: Recently we have been told that V.O. Group, S.A. is now allowing small sportsbook operations to outsource the complete writing of their business to your organization. How is this possible?
Wagner: The situation you speak about is 100% true. However, has only happened one time in our history.
Playing Poker Online Magazine: Can you be more specific?
Wagner: When an offshore sportsbook starts, in 99% of all cases it will fail in the first 24 months of operations given the current market conditions. Examples are everywhere from The Dunes, Platinum, Super Sports Book, etc. It happens every single year. In the past, large sportsbooks like MVP Sportsbook or V-Wager.com would swoop in and try to save the books via financial help or simply buy them at a low price. Well, V.O. Group, S.A. now offers another more innovative solution.
Playing Poker Online Magazine: OK. You’ve got me, explain!
Wagner: We write business for onshore bookmakers and agents charging them a simple price per head per week. This price takes into consideration our considerable economies of scale and a small profit margin. In the case you are speaking of, instead of buying the sportsbook for a low cost that basically sent the owners home broken hearted and with empty pockets, we cut them a deal where they could focus on marketing and leverage off of our economies of scale. Simply put, we took over writing their business for them, and they now focus their limited resources on marketing 100% of the time.
Playing Poker Online Magazine: That sounds like snake oil. How exactly would that work?
Wagner: We don’t sell snake oil. The facts speak for themselves. When V.O. Group, S.A. opened it’s doors in 1998 the market was different. You could recruit players, write their business, and make a profit in years one, two and three. With the current market conditions, there is NO WAY a start up credit or post-up book can be profitable in year one, two or three without 2,000 head a week in business. That is the theoretical breakeven point. If you are writing less than 2,000 head a week, you can double or triple your net earn by letting V.O. Group, S.A. write your business.
Playing Poker Online Magazine: OK. That makes sense because in 1998 and 1999, it was cheaper to find a new client. Is that where the difference in earnings comes from?
Wagner: The fact is yes, that is where the difference is. But, that is not our selling point. Our selling point is that if you stop worrying about writing business and let us do it, you can focus on marketing – which is the key to the success of an online sportsbook. And, that is the simple fact for credit bookmaking, post-up bookmaking and future success in this industry. As long as you think ‘beating the clients’ is the key, you are limiting your business. Let our company worry about that – and, you find clients. Spend your time finding clients and you will make money.
Playing Poker Online Magazine: The theory is sound, but what about the facts?
Wagner: The owners of the sports operation in question do not want me to be specific about whom they are. But, let me simply say that when we took over their operations, they could not even make the post-up money good. Now they have $1.4 million in the bank. So, yes, the facts do follow the theory.
Playing Poker Online Magazine: Wow! That is incredible. Can any poker room, casino, racebook or sports book do this with V.O. Group, S.A.
Wagner: Yes. We have programs for all online products except for bingo. And, by 2006 we should be able to offer options for even bingo operators..
Playing Poker Online Magazine: So how does a bookmaker or current operation learn more about outsourcing their operations to V.O. Group, S.A.?
Wagner: Simply go to any of the V.O. Group, S.A. sites to learn more. I suggest starting at www.BettorsNet.com or calling 1-877-512-1001 or emailing agents@bettorsnet.com to get more information.
Article Note: The situation in this Case Study is a true case, however may not be representative of your situation. All situations are different and therefore may result differently.
Monday, June 20, 2005
Success With Price Per Head (Agent Success)
Case Study in Agent Success via Use of Price Per Head (PPH) Software Written and Owned by V.O. Group, S.A., the most successful offshore sportsbook in Costa Rica.
Price Per Head vs. Dollywood Sportsbook
Featuring Dalton Wagner, Founder V.O. Group, S.A.
As Founder and Proprietor of V.O. Group, S.A., Dalton Wagner has the reputation of being the most innovative operator in offshore gaming. His most recent innovation involves the direct attack upon the Onshore Bookmaking market via the unique value proposition of actually partnering with Bookmakers and Agents onshore (as opposed to attempting to steal their business). With formidable competition, Mr. Wagner founded V.O. Group, S.A. in 1998. While most companies formed that late failed, V.O. Group, S.A. has become one of the top 10 operators offshore (as measured by AnteUp; Gambling Online Magazine; Poker Player Magazine; and Many other Publications).
Online Gambling: The ‘buzz’ in offshore gambling appears to be focusing on only two subjects as of late, including: Poker and Your Price Per Head Offering. What exactly is Price Per Head and Price Per Head Agency?
Wagner: As you know, one market that a post-up sportsbook has historically been unable to attack is the huge market of bettors that have been betting with their local guy for years (local guy = agent or corner bookie). The reason this market exists is the personal relationship that an onshore bookie or agent has with his clients. Sportsbooks have attempted to educate the player and lure him away from the local bookie, however V.O. Group, S.A. has decided to take another tact. Via our Price Per Head software written by Matthew Wilson, we have been able to PARTNER with onshore bookies or agents with our Price Per Head Agency Relationship.
Online Gambling: OK. Be more specific. How does a Price Per Head Agency Relationship Work?
Wagner: Price Per Head Agency is based on the very fair and equitable agreement between an onshore bookie and an offshore bookmaker. The deal is based on the onshore bookie recruiting players and the offshore bookmaker setting lines, writing the business and handling all accounting for the onshore bookie. And, all the onshore bookie does is simply pay the offshore bookmaker an agreed upon price per head per week.
Online Gambling: So, opposed to paying the offshore bookmaker a percentage, they simply compensate them a fixed price.
Wagner: Absolutely. The fact is that offshore sportsbooks have been gouging the onshore bookie or agent for years. Our offering stops that action in it’s tracks.
Online Gambling: Gouging! That is a pretty strong comment. Can you back that up?
Wagner: Let me give you an example…and, you judge for yourself. The example of Jeff W. in San Jose, California comes to mind. Jeff contacted V.O. Group, S.A. in early October 2004 when he was writing 72 head of business making an average of 12 wagers a week of $152. Rather, his turnover per client was an average of $1,824.00 a week. Via his agreement with a sportsbook we will call Dollywood, he was splitting his earnings 50/50. Once he shifted the business through BettorsNet.com, he was paying $30 a head a week. So, would you call this gouging?
Online Gambling: Actually, the numbers sound good. But, I have to admit, I am not sure. Can you help me understand better?
Wagner: That is very good answer. Let me simply do the math for you to illustrate the facts, and then you will have a much clearer set of information to deal with. If your average player bets $1,824.00 a week on just straight bets, you should have a minimum hold of 4.5% (parlays, teasers and props have a MUCH HIGHER HOLD). So, that means you should make $82.08/person ($1,824.00 x 0.045). Then, multiply this by the number of head equals a theoretical earn of $5,909.76 ($82.08 x 72). So, this means he would make $2,954.88 per week and Dollywood would make $2,954.88 per week.
Online Gambling: Well, $2,954.88 per week sounds pretty strong if you ask me How does this compare to his using BettorsNet.com?
Wagner: When Jeff started using BettorsNet.com, we simply charge him $30 a head a week. Rather, $30 times $72 is $2,160.00, representing a savings of $794.88 a week, or $41,333.76 a year.
Online Gambling: So, by Jeff W. switching to V.O. Group, S.A. or BettorsNet.com he was able to make an extra $41,333.76 a year?
Wagner: No. Actually, he made $25,000 in the first three months because most of his players are far worse than the theoretical averages. Almost every one of his players bet a proposition or a teaser or a parlay at least once a week. And, holds on those bets are far greater than 4.5%. On top of that, his players also play in our racebook and casino losing much, much more than 4.5%.
Online Gambling: Oh, I see. If he would have used Dollywood, he would have simply split more profit with them. But, via BettorsNet.com, he was able to keep 100% of the extra earn because he had already compensated you for the $30/head.
Wagner: That is exactly correct. Jeff W. came down in January 2005 and I took him sail fishing. It is the first time I ever had a client pay my bill. Why? Because, and realize I am quoting here, Jeff states that I will make him an extra $100,000 this year alone.
Online Gambling: Wow! That is incredible. I bet large credit sportsbooks, like Dollywood, are quickly becoming unfavorable of your new product.
Wagner: Yes. They hate our new software offering! But, that is what you get when you take advantage of your clients or partners as they have. And, as far as I am concerned, credit shops with Agent Split Agreements have simply NOT been treating their partners fairly and now they will pay the bill.
Online Gambling: I must say, I agree that if your numbers are even close to correct, it appears that the credit shops that split the earn ARE GOUGING AGENTS AND ONSHORE BOOKMAKERS.
Wagner: Well, the facts speak for themselves. And, I am glad you see the facts for what they are.
Online Gambling: Is there ever a case where an onshore bookie or agent should opt for a split as opposed to a Price Per Head Agency agreement?
Wagner: Absolutely Yes. If you are starting up a new book, or if you need financial backing because you are not strong enough to support a losing week - then, you should opt for a split. The best way to judge this is simply look over your figures for the last year. Could you afford to pay out the worst week you had without going broke? If you answer yes – then, you should opt for PPH. If you could NOT afford to pay it, then you should opt for a split or not be in business at all.
Online Gambling: So how does a bookmaker learn more about this?
Wagner: Simply go to any of the V.O. Group, S.A. sites to learn more. I suggest starting at www.BettorsNet.com or calling 1-877-512-1001 or emailing agents@bettorsnet.com to get more information.
Article Note: Any assumption that “Dollywood” is related to “Hollywood Sportsbook” or “BetHollywood.com” or “BetAtHollywood” or “Hollywood International” is the assumption of the reader and not the responsibility of Gambling Online Magazine.
Tuesday, June 14, 2005
Innovation In Bookmaking
Q & A with
Dalton Wagner, Founder V.O. Group, S.A.
As Founder and Proprietor of V.O. Group, S.A., Dalton Wagner has the reputation of ferreting out new markets and attacking while other companies sit on their hindquarters and watch. One market that has always eluded offshore bookmakers is the ‘guy who likes dealing with his credit bookmaker’. Typically this market has been untouchable for the offshore bookmaker, but NOT for Dalton and V.O. Group, S.A. We had an opportunity to catch up with Dalton Wagner on his last visit to Panama.
Vegas Offshore: Tell us about this new product that you are calling your Price Per Head Agency Relationship.
Wagner: As you know, one market that a post-up sportsbook has historically been unable to attack is the huge market of bettors that have been betting with their local guy for years. The reason this market exists is the personal relationship that an onshore bookie has with his clients. Sportsbooks have attempted to educate the player and lure him away from the local bookie, however we have taken another tact. We have partnered with local bookies around the world to make their offering better and more valuable.
Vegas Offshore: So instead of attacking the local guy, you actually approach him with your offer?
Wagner: Exactly. The fact is that the relationship is the last thread holding clients to a local guy. Yes, there is the fact that the local guy extends credit, but with bonuses and promotions we can overcome that offering. The key is the relationship.
Vegas Offshore: I’m confused, please explain.
Wagner: As you know, the onshore bookmaking market has lost steam to the offshore providers like V.O. Group, S.A. The reason is that the offerings that I can provide are far superior to those that any onshore bookmaker can offer. The PPH concept is based on allowing the onshore bookmaker to provide his clients my offerings on a purely anonymous basis via an online automated tool. Rather, by signing up with my PPH service, an onshore bookmaker can compete with all offshore sportsbooks on equal footing offering 24-hour wagering, 365 days a year. All the bookmaker does is use an online system to assign PINs and PASSWORDs and pay me a small fee per week for the service.
Vegas Offshore: Wait a minute. So, this means that a small time operator in Cleveland, Ohio can offer all the same things that V.O. Group, S.A. does without making the multi-million dollar investment?
Wagner: Now your catching on. For as little as $25 per head per week, a guy in Ohio can compete with the biggest sportsbooks in the world. And, better yet, never answer another wagering phone call again.
Vegas Offshore: OK, I get it. They use your automated tool to drive their clients to your software online, and they simply pick up the figures at the end of the week.
Wagner: Exactly correct with one exception. Their clients can bet on the phone via our call center staffed with 250 people OR bet online. Again, they have access to all of the offerings V.O. Group, S.A. provides including call center access, client services and technical support.
Vegas Offshore: Is the PPH product only based on sports wagering?
Wagner: Very good question. The answer is no. We actually have the ability to offer clients two (2) casino products including blackjack, baccarat, slots, 3 card poker, roulette, etc. And, clients may also bet on horses at over 350 tracks worldwide.
Vegas Offshore: Wow! That truly is incredible. So, a bookie that has one client can compete with the likes of MVPsportsbook.com on equal footing?
Wagner: Exactly correct. But, there are two keys to the success of the product launch. The first is being able to compete head to head with the biggest sportsbooks in the world. But, arguably the most important factor is that since the onshore bookie no longer has to answer phones or track plays, he can spend all of his time picking up new clients, NOT writing bets.
Vegas Offshore: I remember that in a prior interview you had stated that the key is not winning, but finding more losers.
Wagner: An embarrassing quote, but true. Amateur bookmakers think that the key is to beat the clients you have. That is a huge mistake. The key to getting rich as a bookmaker is finding a new client every single day of the year. The numbers take care of themselves, the key is to get more and more people playing. That is the TRUE BEAUTY of the PPH software and agency relationship.
Vegas Offshore: Do you have any success stories to tell?
Wagner: I have many, but will tell you one that emphasizes what the PPH program can do. I have a bookmaker that has been working out of San Antonio, Texas for 10 years. The guy has historically made $200,000 a year from his 25 or 30 players. He was introduced to our product in July 2004, and today he is writing over 185 clients. The ability to outsource answering calls and writing tickets to us has allowed him to grow his business 600% and his revenue over 1000%.
Vegas Offshore: Why did his revenue grow more than his business? Is it because your lines are sharper than his?
Wagner: There you go again. That is the obvious mistake that everyone makes. Again, don’t worry about beating the clients. Worry about getting more clients to play. But, to answer your question directly, the ability for his clients to play in the casino, play 24 hours a day, play games/halves/quarters, props, etc. is where the extra revenue comes from. Our lines might be sharper, but the advantage is more clients betting more often.
Vegas Offshore: How many bookmakers do you currently work with?
Wagner: We are writing business for over 250 bookmakers now. Some represent groups as small as 2 or 3; and others represent groups as large as 500. Again, remember the key is finding as many clients as possible. If you get to where you are writing 15 clients or more, it is almost impossible to lose for an extended period of time.
Vegas Offshore: So how does a bookmaker learn more about this?
Wagner: Simply go to any of the V.O. Group, S.A. sites to learn more. I suggest starting at www.BettorsNet.com or calling 1-877-512-1001 or emailing agents@bettorsnet.com to get more information.
Monday, June 13, 2005
State of the Offshore Gaming Industry
Q & A with
Dalton Wagner, Founder V.O. Group, S.A.
As Founder and Proprietor of V.O. Group, S.A., Dalton Wagner has the reputation of making one-dollar work like three in online marketing. With formidable competition, Mr. Wagner founded V.O. Group, S.A. in 1998 and has quickly risen to be one of the largest offshore operators in the world with over 50,000 active clients. We had an opportunity to catch up with Dalton Wagner on his last visit to Antigua.
Vegas Offshore: This year has been interesting for V.O. Group, S.A. and the offshore industry as a whole (advertising changes, etc.). How do you feel about the industry at the current time?
Wagner: I feel the industry is as strong as it has ever been. We are still finding that our advertising is bringing us new clients at an ever-growing rate. Some competitors are complaining that the crimp on advertising is affecting the industry, but we are not seeing this trend. Consolidation within the industry has begun, and I am sure you will continue to see smaller competitors gobbled up, and medium to larger companies merging. The weaker will go by the wayside.
Vegas Offshore: What about the rumors of V.O. Group, S.A. being bought?
Wagner: I am glad you used the term 'rumors'. The fact is that in July 2004 three suitors approached V.O. Group, S.A. because of our record-breaking profit year. In two of the cases we did see 'value' in a merger/relationship. However, at the end of the day, we could not come to terms that were agreeable on both sides. At this time V.O. Group, S.A. stands independent. And, we are happy being independent, profitable and growing.
Vegas Offshore: It is rumored that Bet On Sports (PLC; BSS.L) was one of the suitors. Is that true?
Wagner: There were three suitors that approached V.O. Group, S.A. And, in all cases confidentiality agreements were signed. For this reason, I cannot confirm or deny who any of the potential suitors were. What I can tell you is that one was a major sportsbook player, one was a major casino player and two were PLCs. I doubt that helps.
Vegas Offshore: Well, if Bet On Sports was involved, I bet you are happy you weren't involved in their November 24, 2004 stock debacle.
Wagner: The Bet On Sports stock debacle was an over-reaction by the market in my opinion. In one day you saw their stock drop 50% in value. And, the reason was poor performance in a very short period. If you looked at the other publicly held offshore gaming companies, you saw the same thing, just not as drastic as with BSS.L. Simply put, I know the founder of Bet On Sports, I know the management of Bet On Sports, I know the staff at Bet On Sports and I would not hesitate to invest in Bet On Sports. They were, and still are, undervalued in my opinion. They are a great competitor and a great company. I wish I had some of their stock at the new adjusted price. I just don't see how you can lose.
Vegas Offshore: It is rare to hear the 'competition' speaking so highly of a major competitor. Why would you do so?
Wagner: Simple. Bet On Sports is a great company. And, I am sure they would tell you the same about V.O. Group, S.A. The fact is, that there are companies out there that make our industry stronger. And, ones that make it weaker. Bet On Sports and V.O.Group, S.A. strive to make our industry stronger and more legitimate on a daily basis (as do BetCris.com; BoDog.com; etc.). What kind of ambassador for the industry would I be if I downplayed a 'good' competitor like Bet On Sports for my own benefit?
Vegas Offshore: If Bet On Sports did approach you, would you consider a merger?
Wagner: I like being independent. But, simply put, NEVER say NEVER.
Vegas Offshore: What of the rumors that you are looking at Panama as a potential relocation site?
Wagner: Our operation currently has offices in Costa Rica, Antigua and Belize. In Costa Rica we currently have over 400 employees. With employment costs in Costa Rica on the rise, the burden of Caja and the ever-changing political climate, we have looked at several alternative locations. One of the most desirable is/was Panama. However, due to the massive failure of BetPanAm.com and the political debacle involving their past gaming commission, we have decided to stay put for the current time. I think it is very safe to say that our primary location will be Costa Rica for the next 5 years. Pending any crazy licensing or governmental changes.
Vegas Offshore: I have visited your office in Antigua, however had no idea that you employed 400 individuals in Costa Rica. Why do you need such a large staff?
Wagner: Our industry has a reputation for being lazy and getting by on a shoestring budget. Most sportsbooks, casinos, racebooks and poker rooms answer phones when it is convenient and buy computers when the ones they are operating blow-up. Most are simply embarrassing to the legitimate operators. To run an operation like ours, servicing 50,000 bettors, you need lots of space, a 1st rate phone system, fiber and satellite phone and Internet backups, IT professionals, accounting professionals, etc. V.O. Group, S.A. is currently located in 35,000 square feet of space, operating 24-hours a day, 365 days a year, and we are busting at the seems. At the current time, we are negotiating to buy the building next to us for future expansion. I think we will employ 600 people come this same time next year.
Vegas Offshore: I have noticed that you are still branching into other products. How has this strategy worked for V.O. Group, S.A.?
Wagner: In 1998 we started with our sports product. We then branched into the casino product. In 2001 and 2002 we opened several major race books and poker rooms. The fact is that we are profitable in all products. However, our core product, and hub for our advertising, is focused on the sports product. The strategy has worked, but we will not desert our core product. You can look for our re-launch of interactive betting in early 2005 and bingo in mid 2005.
Vegas Offshore: What other changes do you see in 2005 for V.O. Group, S.A.
Wagner: I think you will see V.O. Group, S.A. work more on our Internet interface to make it more gamer-friendly; you will see our company move into land-based gaming; and you will see us acquire two or three smaller competitors. Rather, you will see what you have always seen, expansion.
Vegas Offshore: What other changes do you see in 2005 for the industry as a whole?
Wagner: The strong will get stronger. The weak will get weaker. And, the acquisition race will be on.
Thursday, February 03, 2005
Online Superbowl Super Bowl Betting Odds 2005 a hot commodity for online bettors
Online Superbowl Super Bowl Betting Odds 2005 a hot commodity for online bettorsFinancial analysts bring ‘day trading’ techniques to sports wagering
Administrator Phil Schneider monitors sports news, posts wagering contracts and monitors activity on the MVP Sportsbooksite at the offices of parent company MVP
• Super Bowl Betting Odds tide risingFeb. 2: Ignoring the fact that it's illegal, Internet gamblers are expected to bet some $450 million on Sunday's Online Superbowl Super Bowl Betting Odds 2005 online superbowl Super Bowl Betting Odds football nfl sports superbowl Super Bowl Betting Odds Super Bowl Betting Odds odds online Super Bowl Betting Odds football Super Bowl Betting Odds superbowl online sports Super Bowl Betting Odds sports book vegas sportsbook online bet Super Bowl Betting Odds lines odds Super Bowl Betting Odds lines spread wagering wager odds online spread online bet nfl wagering.
Updated: 4:42 p.m. ET Feb. 2, 2005 Nothing galvanizes the casual bettor like the Online Superbowl Super Bowl Betting Odds 2005 online superbowl Super Bowl Betting Odds football nfl sports superbowl Super Bowl Betting Odds Super Bowl Betting Odds odds online Super Bowl Betting Odds football Super Bowl Betting Odds superbowl online sports Super Bowl Betting Odds sports book vegas sportsbook online bet Super Bowl Betting Odds lines odds Super Bowl Betting Odds lines spread wagering wager odds online spread online bet nfl wagering, and consequently nothing provides a better yardstick for the growing popularity of online Super Bowl Betting Odds than pro football’s championship game. And dubious legality notwithstanding, millions of Americans will log onto their computers before 6:30 p.m. ET Sunday to either place traditional bets or engage in new forms of Super Bowl Betting Odds that can’t be found at land-based sports books.
A spot survey of online gamblers and wagering sites by MSNBCsuperbowl Super Bowl Betting Odds indicates that a growing number of sophisticated bettors will get their action on Sunday’s game between the New England Patriots and the Philadelphia Eagles through new forms of wagering ideally suited to the Internet, such as spread Super Bowl Betting Odds and peer-to-peer wagering.
Others will use techniques perfected by Internet “day traders” during dot-com boom of the late 1990s to try to squeeze profit out of the game, just as they once did by timing market fluctuations.
‘The squares are inevitably wrong’The “whales” of the murky ocean that is online Super Bowl Betting Odds also will be out in force, looking to make a killing by outsmarting the neophytes and casual bettors venturing into their waters.
“As a rule, the odds on a football game don’t move off square business – meaning grandpa, grandma and your little sister,” said online bets, who runs the MVPSportsbooksuperbowl Super Bowl Betting Odds . “But the Online Superbowl Super Bowl Betting Odds 2005 online superbowl Super Bowl Betting Odds football nfl sports superbowl Super Bowl Betting Odds Super Bowl Betting Odds odds online Super Bowl Betting Odds football Super Bowl Betting Odds superbowl online sports Super Bowl Betting Odds sports book vegas sportsbook online bet Super Bowl Betting Odds lines odds Super Bowl Betting Odds lines spread wagering wager odds online spread online bet nfl wagering is so big that it does. And that makes the pros lick their lips because the squares are inevitably wrong.”
No one can say with any certainty how much will be wagered over the Internet on Sunday’s game, but Sebastian Sinclair, an analyst with Christiansen Capital Advisors who has tracked the online Super Bowl Betting Odds sector almost since its inception, says the total will be in the neighborhood of $450 million, an increase of $50 million from the $400 million he estimates was bet online last year.
If his educated guess is accurate, that will be nearly six times as much as is bet legally in Nevada, the only state that has legal sports Super Bowl Betting Odds . Last year the Silver State’s 152 sports books accepted a record $81.2 million in wagers on the game, turning a profit of $12.44 million for three hours of football.
Online Superbowl Super Bowl Betting Odds 2005 online superbowl Super Bowl Betting Odds football nfl sports superbowl Super Bowl Betting Odds Super Bowl Betting Odds odds online Super Bowl Betting Odds football Super Bowl Betting Odds superbowl online sports Super Bowl Betting Odds sports book vegas sportsbook online bet Super Bowl Betting Odds lines odds Super Bowl Betting Odds lines spread wagering wager odds online spread online bet nfl wagering JACKPOT Click to see wagering on the last 10 Online Superbowl Super Bowl Betting Odds 2005 online superbowl Super Bowl Betting Odds football nfl sports superbowl Super Bowl Betting Odds Super Bowl Betting Odds odds online Super Bowl Betting Odds football Super Bowl Betting Odds superbowl online sports Super Bowl Betting Odds sports book vegas sportsbook online bet Super Bowl Betting Odds lines odds Super Bowl Betting Odds lines spread wagering wager odds online spread online bet nfl wagerings in Nevada
“Internet Super Bowl Betting Odds has reached a critical mass,” Sinclair said. “If you went out on the street and asked people if they know they can gamble online, the majority would say ‘yes.’ That wasn’t the case five years ago.” That reflects the online Super Bowl Betting Odds industry's evolution despite the government’s position that sports Super Bowl Betting Odds is illegal under the federal Wire Act of 1960.
A handful of market ‘movers’On the upper rungs of the hidden economy are a handful of Super Bowl Betting Odds syndicates that dominate online Super Bowl Betting Odds .
“There are only about five movers, or big operators,” said Harris.
The syndicates have an army of operatives who, when they decide they want to bet at a given price, fan out and get as much action as they can at the hundreds of offshore Internet sports books, he explained.
This in turn creates opportunities for bettors schooled on stock market day trading, many of whom have Super Bowl Betting Odds syndicate contacts that enable them to get a jump as the “market” on a particular sports event shifts, he said.
“A lot of the guys who are day trading want to know where the big money is going so they can get in quickly,” Hawkins said. “… When a well-respected book moves a team from -4 to -5, the guys will lay a bit and -4 at other books and hope it goes to -6, then take the other side.”
Ideally, the sport trader wants to have equal amounts on both sides of the equation -- meaning that at worst the bet will only lose the bookmaker’s cut -- and a spread of several points between their positions. That gives them an opportunity to “middle” if the final score falls within the spread, an outcome that would enable them to collect both bets.
“In order to break dead even, out of 100 times they do this, they have to have five hit a middle to break even,” Hawkins said. “Anything more than that and they’re ahead.”
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Sports futures a hot commodityOther sports bettors schooled in the stock market prefer spread Super Bowl Betting Odds , a futures-type market that revolves around the shifting probabilities generated by seasons and games.
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John Murray, a 38-year-old financial trader from Morris Plains, N.J., said he enters the game having already realized about $20,000 in profit thanks to his early assessment that the defending Online Superbowl Super Bowl Betting Odds 2005 online superbowl Super Bowl Betting Odds football nfl sports superbowl Super Bowl Betting Odds Super Bowl Betting Odds odds online Super Bowl Betting Odds football Super Bowl Betting Odds superbowl online sports Super Bowl Betting Odds sports book vegas sportsbook online bet Super Bowl Betting Odds lines odds Super Bowl Betting Odds lines spread wagering wager odds online spread online bet nfl wagering champion Patriots would again be a force to be reckoned with.
“I’ve been buying long-term contracts on New England all year long, so now I’ve been getting out and locking in my profit,” he said.
Murray, a regular on TradeSportssuperbowl Super Bowl Betting Odds , said he bought $10 futures contracts on the Patriots to win the Online Superbowl Super Bowl Betting Odds 2005 online superbowl Super Bowl Betting Odds football nfl sports superbowl Super Bowl Betting Odds Super Bowl Betting Odds odds online Super Bowl Betting Odds football Super Bowl Betting Odds superbowl online sports Super Bowl Betting Odds sports book vegas sportsbook online bet Super Bowl Betting Odds lines odds Super Bowl Betting Odds lines spread wagering wager odds online spread online bet nfl wagering at the beginning of the season for between $1.40 and $2.50 and has been selling them for about $7.10 over the past week “because it’s getting to the point where the risk vs. reward isn’t as great.” At the end of the game, the contracts will either be worth $10 or nothing, depending on the outcome of the game, which the Patriots are favored to win by 7 points.
Instead, he said he will concentrate his firepower on various proposition bets and in-progress wagers that can change with each play.
CLICK FOR PREVIOUS STORY Super Bowl Betting Odds on the Online Superbowl Super Bowl Betting Odds 2005 online superbowl Super Bowl Betting Odds football nfl sports superbowl Super Bowl Betting Odds Super Bowl Betting Odds odds online Super Bowl Betting Odds football Super Bowl Betting Odds superbowl online sports Super Bowl Betting Odds sports book vegas sportsbook online bet Super Bowl Betting Odds lines odds Super Bowl Betting Odds lines spread wagering wager odds online spread online bet nfl wagering at Warp 5
“I’ll be watching the game with my laptop right there and I’ll be trading almost every play,” he said. “Let’s say the Eagles score the first touchdown, the market will reform and maybe say now they have a 50 percent chance of winning. … Then, if the Eagles are marching down the field, the market will keep moving after every play.”
An end run around laws?While the legality of such market-type Super Bowl Betting Odds exchanges has never been tested in court, most Internet Super Bowl Betting Odds experts say they are probably illegal under U.S. and various state laws. But a new player in the sports wagering space claims to have a technological solution that makes an end run around the laws.
“We just got a legal opinion from one of the top gaming lawyers ... that unequivocally states we are not operating in violation of the U.S. Wire Act,” said MVP Sportsbooksuperbowl Super Bowl Betting Odds
online bets, which is operated by the Toronto-based Ix Inc., has been taking bets for just over two months and bills itself as the “Kazaa of sports Super Bowl Betting Odds ,” a reference to the similarity of its peer-to-peer (P2P) architecture to that of the file-sharing network.
The system allows bettors who want to take opposite sides in a game to make a wager, and ensures the winner will be paid. But O’Malia said that since online bets only provides a platform for the wagering, and its payment processor charges a “transfer fee” to settle debts rather than taking a cut of the action, the company is not acting as a bookie.
“I’ve never been a Super Bowl Betting Odds guy,” said O’Malia, an American who studied economics at Indiana University and worked as a stock trader before becoming involved in online Super Bowl Betting Odds . “I come from the markets and I’ve never wanted to act with the intention of violating U.S. law.”
O’Malia said that as of midweek most Online Superbowl Super Bowl Betting Odds 2005 online superbowl Super Bowl Betting Odds football nfl sports superbowl Super Bowl Betting Odds Super Bowl Betting Odds odds online Super Bowl Betting Odds football Super Bowl Betting Odds superbowl online sports Super Bowl Betting Odds sports book vegas sportsbook online bet Super Bowl Betting Odds lines odds Super Bowl Betting Odds lines spread wagering wager odds online spread online bet nfl wagering wagering on the site was focused on the outcome of the game rather than on proposition wagers, and that the action indicates many big bettors are siding with the Eagles, plus 7.
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Big bets coming in on Eagles“We are seeing bigger bets on the Eagles being matched by a larger number of smaller bets on the Patriots, which is an interesting indicator of who the ‘sharps’ and ‘squares’ are Super Bowl Betting Odds on, respectively,” he wrote in an e-mail.
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O’Malia said he, too, sees more and more people from the stock market moving into online sports Super Bowl Betting Odds .
“They are literally the futures traders of old,” he said. “ … It’s the same mentality and the probabilities change the same way. A guy who knows how to trade stocks knows how to trade sports.”
While the systematic approach of economics and arbitrage theory may be helpful, other gamblers say they rely on instincts developed over years of careful observation.
Mark Royal, 31, an examiner with the Missouri Department of Insurance, said he made $40,000 last year “shopping around different online companies and spotting bad numbers.”
“Some books don’t do a good job of staying on top of the product,” said Royal, who spoke with MSNBCsuperbowl Super Bowl Betting Odds on the condition he be identified by a pseudonym. “They don’t notice injuries and don’t notice teams that are hot. At the beginning of the NBA season I got the (Phoenix) Suns at 15-1 to win the Pacific Division and I got the Sonics at 20-1 to win their division.
Royal, who funnels much of his action through the Online superbowl betssuperbowl Super Bowl Betting Odds site in Antigua, said he will probably have $10,000 riding on the Online Superbowl Super Bowl Betting Odds 2005 online superbowl Super Bowl Betting Odds football nfl sports superbowl Super Bowl Betting Odds Super Bowl Betting Odds odds online Super Bowl Betting Odds football Super Bowl Betting Odds superbowl online sports Super Bowl Betting Odds sports book vegas sportsbook online bet Super Bowl Betting Odds lines odds Super Bowl Betting Odds lines spread wagering wager odds online spread online bet nfl wagering, much of it on proposition bets. He particularly likes several propositions revolving around the performance of Eagles receiver Terrell Owens, who is planning to play in the game just seven weeks after suffering a broken fibula and damaging an ankle ligament.
Taking a stand against OwensRoyal is wagering Owens won’t score a touchdown or gain 100 yards or more in the game.
“He’s not going to be a factor at all,” he said confidently, several days before Owens boasted he'll “very effective” in a press conference. “Those numbers are way out of whack.”
Royal said he also may wager during the game, but only if he sees a situation where he believes an online bookmaker is off target on the odds.
“I’ll keep the computer on and if I think I see a bad number I’ll play, but I want to enjoy the game to. I grew up a sports fan and I don’t want to tarnish that.”
Enjoying the game also is important to Seth. S., a 24-year-old banking industry worker from Hebron, Ky. At least some of that enjoyment will derive from the fact that he now has a computer in the same room as his television, and can make bets without racing from room to room.
“I used to wear a path in the carpet,” said Seth, who spoke on condition he not be fully identified. “It was down a hallway and two 90 degree turns, first a right and then a left.”
He said he will probably have between $1,000 and $2,000 riding on the game through the Costa Rica-based MVPSportsbook superbowl Super Bowl Betting Odds
“I like the Eagles plus the 7,” he said. “I’ll also probably find some sort of play on the total and play about 10 or so of the proposition bets.”
Seth also offers a cautionary tale about the risks of wagering that is available 24/7.
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< Prev 1 2 3 4Hard lesson for college studentHe said that he and his college roommate began playing online in the winter of 1998, opening an Internet sports Super Bowl Betting Odds account and depositing $500 apiece after watching an HBO special about online Super Bowl Betting Odds .
“We both ended up losing our money,” he recalled. “He didn’t get back in but I stuck with it.”
He said he started out Round 2 by Super Bowl Betting Odds $1,000 on a “sure thing”: Tennessee to beat the University of North Carolina-Charlotte in the 2001 NCAA men’s basketball tournament.
“Unfortunately Charlotte won and I didn’t know how to handle that well so I chased and tried to make it back,” he said. “... In four months, I ended up being down $5,000 and came to my senses.”
The experience helped Seth add discipline to his wagering game plan.
“It helped me realize that it’s not worth the stress that it created when you’re down a bunch of money,” he said.
Stan Z., a real estate broker in Orlando, Fla., agreed that it’s never wise to bet more than one can comfortably afford.
“Fortunately, I make a very good living and I have a bank account that I can piss away,” he said.
Stan, who also asked that his full name not be used, said even though he knows better he can’t help acting “like a kid in a candy store” on Online Superbowl Super Bowl Betting Odds 2005 online superbowl Super Bowl Betting Odds football nfl sports superbowl Super Bowl Betting Odds Super Bowl Betting Odds odds online Super Bowl Betting Odds football Super Bowl Betting Odds superbowl online sports Super Bowl Betting Odds sports book vegas sportsbook online bet Super Bowl Betting Odds lines odds Super Bowl Betting Odds lines spread wagering wager odds online spread online bet nfl wagering Sunday.
‘It's a sucker game’“It’s a sucker game and everybody bets it, but how can you not play,” he said. “I’ll probably have $10,000 to $12,000 on the game on different props (proposition bets). To start with, I always put $500 on the coin flip.”
Not all online gamblers will heed the game’s siren call, however.
Sheryl, a 55-year-old from Shelton, Wash., said she will stick with playing online poker while doing jig-saw puzzles on Sunday in pursuit of her dream of qualifying for a $10,000 seat at a World Poker Tour event or the World Series of Poker in an online satellite tournament.
“With a little knowledge, you could wake up one morning with $5 million in your pocket,” she said.
Friday, January 21, 2005
Sunday props offer promising super bowl betting odds
The arrival of the NFL divisional playoffs means fewer games on the betting board. However, offshore sportsbooks aren't short on super bowl betting odds for any of Sunday's tilts.
Covers.com gives you a sampling of the props the books have out on the Vikings-Eagles and Colts-Patriots games and some stats you might find useful as you try to handicap your way to a postseason profit.
Prop: How many rushing yards will Edgerrin James record against New England? Line: Over 90 (–115), Under 90 (-115) bet
James finished at No. 4 in the regular season in rushing yards per game with 96.8. When the Pats and Colts met in Foxboro Sept. 9, he shredded the New England defense for 142 yards.
However, slippery conditions at Gillette Stadium on Sunday and a vastly improved Patriots rushing defense (New England ranks fourth in the NFL versus the run submitting 98.3 yards on the ground per game) could prevent “Edge” from repeating that stellar performance.
James has not broken 90 yards since Indy’s Week 14 tilt with Houston when he recorded 104 yards.
Prop: Will Randy Moss record a touchdown versus Philadelphia?Line: Yes (-155), No (+125)
The Vikings' star wideout notched 13 majors this season, which is one for every game he played in considering he missed three contests with a hamstring injury.
The Eagles ranked in the top half of the league in pass defense this year giving up 200.8 yards per game and they submitted just 16 passing TDs through the air - second best in the NFL. However, when Philly and Minnesota squared off in Week 2’s Monday Nighter, Moss racked up 69 yards and a touchdown on eight receptions.
Moss hasn’t failed to record a touchdown since Minnesota’s Week 13 game against Chicago.
Prop: Who will record more passing yards - Tom Brady or Peyton Manning?Line: Brady +55 ½ (-115), Manning –55 ½ (-115)
Manning and Brady are the No. 3 and No. 10 quarterbacks in passing yards per game respectively. The Colts' pivot averages 284.8 yards per game compared to Brady’s 230.8, a difference of 54 yards.
But despite what this spread indicates, Brady blew his counterpart off the field in passing yards when these teams met in September. The reining Super Bowl champ posted 335 yards to Manning’s 256. In last year’s AFC Championship game, both quarterbacks recorded 237 passing yards.
Brady backers also sport the advantage of having Manning facing a much stouter passing defense. The Pats ranked 17th in the NFL giving up 212.5 yards through the air per week whereas the Colts allowed 243.3, the fifth most in the league.
Prop: Which team will score the most points on Sunday - Minnesota or Indianapolis?Line: Minnesota +6 (-115), Indianapolis –6 (-115)
The Colts averaged 32.6 points per game this season compared to 25.3 by the Vikings. New England and Philadelphia both gave up an average of 16.3 point per game in 2004.
However, Bill Belichick’s request to leave Gillette Stadium’s field uncovered during a miserable week in Foxboro could give Vikes backers an edge in this prop.
While the weather in Philly promises to be cold and windy, those conditions promise to be much more favorable for point scoring than the quagmire the Colts and Pats will playing in.
Prop: Will Vikings WR Nate Burleson record a touchdown?Line: Yes (-120), No (-110)
Burleson has been one of Daunte Culpepper’s favorite targets this season, leading the Vikings with 1006 receiving yards. He finished second to Moss in touchdowns with nine.
When the Vikings and Eagles met in Week 2, Burleson notched 67 yards on five receptions, but didn’t pull down the paydirt. The 23-year-old wideout has notched four TDs through the Vikings last four contests.
Friday, January 14, 2005
Futures odds bets on Indianapolis Winning Super Bowl Rise 20 Percent
Odds on Indianapolis Winning Super Bowl Rise 20 Percent
Jan. 14 (Bloomberg) -- The Indianapolis Colts, who won their National Football League first-round playoff game by 25 points on Jan. 9, are persuading some futures traders that the team will win the Super Bowl.
Futures contracts that will pay $10 if the Colts win the Super Bowl rose 20 percent to $1.70 after quarterback Peyton Manning threw four touchdown passes last weekend to lead Indianapolis to a 49-24 win over the Denver Broncos. Indianapolis remains the fourth choice among traders.
The Pittsburgh Steelers, whose 15-1 record was the best in the NFL this season, are still the favorite among traders to win with contracts selling at $3.10. While Ben Roethlisberger of the Steelers would be the first rookie quarterback to start the Super Bowl, Manning is a seven-year veteran who has won the league's Most Valuable Player award two times.
``Peyton Manning is having an unbelievable year and they're going to be awfully hard to stop,'' said 39-year-old Jim Murray from Morris Plains, New Jersey, who buys and sells contracts on TradeSports. ``I really like my Colts positions right now.''
Futures are agreements to buy or sell assets at a set date and price, and futures on events are paid off in cash. Contracts on teams that are eliminated from the NFL playoffs become worthless.
The New England Patriots, who host the Colts Jan. 16, are trading for the second-highest price at $1.91. The Philadelphia Eagles, who play the Minnesota Vikings on Jan. 16, are third at $1.89.
Las Vegas Favorite
Pittsburgh, which hosts the New York Jets tomorrow, also is the favorite to win the Super Bowl at sports books, including the Hilton Race and Sports Book in Las Vegas, where they have 8-5 odds. That means a winning $5 wager on the Steelers will bring an $8 profit. The Colts are 9-2 at the Hilton, down from 5-1 last week.
Oddsmakers and the futures market were correct in baseball's playoffs when they predicted that the Boston Red Sox would defeat the 26-time champion New York Yankees and the nine-time champion St. Louis Cardinals to win the World Series for the first time since 1918.
The Patriots and the Eagles, who had the best record in the National Football Conference, are listed with 4-1 odds to win the Super Bowl. The Atlanta Falcons, whose odds of winning the Super Bowl are 13-1 at the Hilton, play the St. Louis Rams on Saturday. The Rams are listed with 27-1 odds to win the title.
Surging Colts
The price for Indianapolis futures contracts surged along with the team. They were trading for less than a $1 after the Colts started the season with a 4-3 record, then more than doubled after Indianapolis won eight of its final nine games.
``The market keeps pushing the Colts price up because of Manning, and for good reason,'' whose online exchange has about 40,000 members.
Murray said the Colts are still a good buy, even while the team is trading near its season high.
``They are still a little bit of a discount to New England now,'' said Murray, whose day job is trading futures contracts on the New York Board of Trade. ``I don't think they've become overvalued.''
`Manning, Manning, Manning'
The rise in Colts futures may be good for Joe Ferrara, a Jersey City, New Jersey, futures trader who said he's been buying Patriots contracts all season. Even though the Patriots won eight of their final nine games and didn't have to play in the opening round of the playoffs, their contract price has dropped 28 percent from their season high of $2.70 in early December.
``All I've been hearing is Manning, Manning, Manning,'' said the 28-year-old Ferrara, who works as an independent currency trader. ``I love the fact that everybody's on the Peyton Manning bandwagon because that's created a great opportunity to buy the Patriots.''
New England was originally set as a three-point favorite to win this weekend's game against the Colts by oddsmakers at the Las Vegas Hilton. The betting line was changed to 1 1/2 points on Tuesday because of heavy betting on Indianapolis, Hilton Race & Sports Book assistant manager Jeff Sherman said.
``We've seen nothing but Colts money,'' Sherman said. ``People like to put their money on a team with a quick-strike offense like the Colts.''
Las Vegas
Team Futures
---------------------------------
Steelers 8-5 $3.10
Patriots 4-1 1.91
Eagles 4-1 1.89
Colts 9-2 1.70
Falcons 13-1 .75
Rams 27-1 .29
Jets 27-1 .26
Vikings 30-1 .28
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