Supreme Court votes in favor of legalized sports betting
By now you've heard the news: The Supreme Court voted to allow states to offer legalized and regulated sports betting
. Props need to be given to the state of New Jersey for sticking with it after years of fending off politicians and various sports leagues. The next step is to sit back and see exactly what regulated sports betting will look like. We've discussed at length that if it is going to stick long term, the product needs to mirror what is available offshore, offscreen, and in Las Vegas. Even your recreational weekend bettor will sniff our poor odds and a limited menu. That won't stop people from playing but if the states want to make this a financially viable entity, they can't be dealing -120 juice or posting games an hour before kickoff. Any offshore or local bookmaker will tell you the best business model is to offer as many betting options as possible, keep a few sharp players around just to balance out the square action, and when CRIS posts openers, copy them a few hours later and let your clientele have at it. Sportsbooks like 5Dimes and BetOnline make their living off of catering to the small-to-medium sized action junky. Want to bet on Bulgarian soccer team totals? We got you covered. MNF side and total for -105 juice? Not a problem. With that being said, we could get a glimpse of what it will look like within a few weeks as New Jersey's Monmouth Park is reportedly ready to start offering games
. Stay tuned.
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