Professional Gamblers Let Down by Legalized Sports Betting in U.S.

Written by:
Don Shapiro
Published on:
Sep/25/2018

A 30-something sports bettor shared his experience with the newly expanded legalized sports wagering market in the United States and he's not very embracing of its arrival.

Gambler X, as ESPN.com refers to him in maintaining the individual's identity, has been betting sports in Las Vegas for the better part of a decade.

The expansion, he claims, is cutting into his livelihood.

How?

From ESPN.com:

Legalization means more places for sharp bettors to sneak bets through without moving the market. More casinos sharing liquidity and information to stay one step ahead of bettors. More jurisdictions and hodgepodge shops where one is the majority owner, but lines are set by another, and software is provided by a third. It's just more stuff to make my life miserable.

Start Your Own Sportsbook - Just $4 Per Customer Per Week

His travels to locales that now offer sports betting like Mississippi, Delaware and New Jersey, have left him mostly unimpressed.

“In Mississippi, I mostly targeted MGM properties,” he tells ESPN.com.  “The staff were friendly, and they took big bets with no issues. But as I suspected, they mostly mirror MGM Las Vegas' lines, so there is no real opportunity for me.”

He added that independent books set their own lines, manage their own risk and are the lifeblood of his own lucrative career as a professional sports bettor. 

"They mean more chances to pick off bad lines, opportunities to arbitrage and more places I can go fire the same bet at a number I want."

The books he visited in other states won't make a move without checking with the bosses in Vegas first.

Read More From Gambler X here

- Don Shapiro, Gambling911.com

Gambling News

Gambling911: Costa Rica Must be More Transparent Regarding 5Dimes Owner Demise

Gambling911: Costa Rica Must be More Transparent Regarding 5Dimes Owner Demise

Late Saturday night the Costa Rica Star reported that 5Dimes Sportsbook owner Sean "Tony" Creighton's body had been recovered.  He had been missing for three weeks and presumed abducted. 

5Dimes Owner Found Dead

The body of Sean "Tony" Creighton has been found by law enforcement in Costa Rica.  Creighton was the founder and owner of the popular sportsbook 5Dimes. Details are murky at this time.

Illinois Legislator Working on Bringing Sports Betting to That State

Illinois Legislator Working on Bringing Sports Betting to That State

An Illinois lawmaker says a bill to legalize sports gambling in the state likely won't be put before the General Assembly until next year.

Wife and Manager of Kidnapped 5Dimes Owner Met to Make Payment

Wife and Manager of Kidnapped 5Dimes Owner Met to Make Payment

A Diario report reveals that the wife of kidnapped 5Dimes owner communicated with a manager of the betting firm to send more than $700K in bitcoin ransom to Cuba hours after Sean "Tony" Creighton allegedly disappeared.

New Study Shows More Americans Support Legalized Gambling

New Study Shows More Americans Support Legalized Sports Betting

A new report using data from the Life, Liberty, and Happiness survey conducted by East Carolina University’s Center for Survey Research confirms that many Americans support legalized gambling on professional sports.

Syndicate