Our guest this week is Captain Jack. Captain Jack is a sports bettor and GWAE columnist, and we discuss how sports betting is proliferating in numerous states following the repeal of the PASPA law.
podcast
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Show Notes
[00:00] Intro of Captain Jack
[00:30] What is Captain Jack’s opinion of sports betting in states that recently legalized sports betting?
[01:52] Sports betting promotions that have a positive expectation.
[03:30] Are there sports betting apps in New Jersey?
[05:03] Are the lines in New Jersey identical to lines in Las Vegas?
[06:02] Are soccer prices different between the U.S. and Europe?
[07:06] What other states are soon going to have legalized sports betting?
[09:30] How would someone know if their home state is good for sports betting?
[13:58] Why is Louisiana facing more opposition to gambling than Mississippi?
[15:30] What will September sports betting in New Jersey revenue be?
[19:14] How is online gambling doing relative to online sports betting in New Jersey?
[20:15] What is the online gambling revenue in New Jersey?
[21:26] Is it wise to ban skilled sports bettors? Does this happen in New Jersey?
[25:02] Why hasn’t BetFair done better?
[28:33] The FanDuel Denver vs Oakland live-betting line error incident.
[34:11] Southpoint October promotions
[35:08] AutoSlash saved Bob time and money.
[36:33] VideoPoker.com promotions
[38:30] What makes a winning sports bettor?
[44:20] How smart are sports betting APs?
[46:52] Reconciling historical data, rule changes, and small sample size.
[51:11] Discussion of sports tout and affiliate services.
[55:35] Captain Jack’s column on Gambling with an Edge
[57:55] Captain Jack’s Twitter @CapJack2000
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The NJ numbers came out today and while they nearly doubled the August handle, they didn’t top my optimistic $400m handle projection. I think $400m in a month is still possible in the not too distant future.
I’ll be breaking down various state revenue figures in future blog posts (in case you have trouble sleeping).
Another outstanding Podcast by Captain Jack, articulate and informative as always.
My question is, in these burgeoning sports betting states, what is the market like for minor sports (ie. Golf, Tennis, Nascar, Women’s B-Ball)? Are there offerings in these sports at all, and what are the betting limits?
Thank You.
Thanks for the kind words. It’s an interesting dichotomy with the non-major sports because most of the bookmaking comes from Europe. For instance, I could easily bet on some minor league soccer game in Bulgaria right now at 1am on a Saturday. The limits are higher than one would expect for that sort of action in the US but still relatively low. They also have lines for minor US sports like MLS and WNBA. The limits are fairly low though.
An interesting thing to note is that NJ sportsbooks lost money on Basketball in August. Since that number wasn’t futures wagers being cashed (betting in NJ came after the NBA concluded it’s season) it could only mean one thing: WNBA. Just as it often does in Vegas, the WNBA remains a very beatable sport for pro bettors.