Quote:
Originally Posted by lamboguy
i just looked at baseball lines last night. the offshore places are using ten cent spreads for games under $175. for the $175-$200 they use fifteen cent spreads. above that they were using twenty cent spreads.
in the 1990's you could go to the Barbary Coast casino in Las Vegas and bet up to $500 on a game with a five cent spread. that place did a ton of action using the smaller limit and juice.
Expressbet is involved in some type of fixed odds betting in Europe and had a tremendous quarter because of that. if we had fixed odds betting in this country the game would explode no matter what sports wagering does or doesn't do.
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Right on all accounts. I recently told a bookie to drop the "juicy" lines; he was setting the normal baseball lines as .20 and not .10. It is a huge difference. Most people are unaware of how big an edge jumping from one to the other is for the house.
There is too much work in fixed odds betting (for the government entities) which is why if you see it pop up, it might entirely bankrupt them here. Can you even imagine a fairly big bookmaker offering a locked price (that was reasonable) in horse racing here in the US? It would be a revelation. And a threat.
