What % Of Action Is Written Offshore?

ZZ CREAM

ZZ CREAM

EOG Master
The General said:
Offshore sports books combined for an estimated handle of $76.6 billion in 2004, compared to a handle of $2.08 billion in Nevada. At least five offshore books alone took in more money in sports wagers last year than the entire state.

http://www.casinocitytimes.com/news/article.cfm?contentID=153385
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Last time I checked General, Sir, Nevada stopped bookmaking about 1991! (About the same time hand-written tickets were outlawed!) LOL! If I had to guess, I would say offshore books take in about 40 to 50 per cent of all sports betting dollars - but, only a guess!
 
K

Krackman

EOG Senior Member
They dont want to take bets in Nevada. I had lunch with a few sportsbook directors yesterday and their hands are tied. I will be writing an article about this when I get home.
 
S

Scotty S

EOG Addicted
The figures on NV and the off shores may be accurate and if they are my opinion is that the locals do more than both.The only kink in this theory is that some of the locals handle and the off shores are the same money.....Scotty S

ZZ, 91' was my last year at the Stardust
 
ZZ CREAM

ZZ CREAM

EOG Master
Scotty S said:
The figures on NV and the off shores may be accurate and if they are my opinion is that the locals do more than both.The only kink in this theory is that some of the locals handle and the off shores are the same money.....Scotty S

ZZ, 91' was my last year at the Stardust
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That's funny Scotty! I never thought of that! P.S. Scotty- I seem to recall you going to the Sands for awhile- maybe I am wrong! You and the Chairman of the Board! The Sands in the day must have been a trip!
 
ZZ CREAM

ZZ CREAM

EOG Master
jjgold said:
Zz I get some figures from major stores in Vegas and then apply to offshore volume to come up with 88% figure.
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So, you are saying some major movers are laying 88% offshore- basically ? That may be, but ain't no way more than 50 % of all sports dollars are being placed offshore, in my humble opinion JJ!
 
D

dimeplayersonly

2
the gambling market can be broken down like this..

the internet savy gambler who frequents forums like this will most likely use an offshore sportstbook........this type of gambler represents a small portion of the overall gambling population.

the "once or twice a year" gambler who seldom wagers on events other than the derby, superbowl, ect.. will most likely bet in vegas or with a local.

the "average joe" gambler who always bets on his favorite team most likely uses a local.

the professional gambler that uses an agent will utilize both offshore and local....


use your own opinion on how the percentages break down...
 
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