There really are a long record of conventional brick and mortar shops falling victim to their online competition who run with greater reach, low inventory, and thin borders. However, how about when online sites are not permitted to compete with their brick counterparts?
The SAFE Port Act offers a fantastic example of this kind of industry. In a nutshell, the Act “forbids the transfer of funds from a financial institution to an illegal Internet gambling site, expressly excluding fantasy sports, online lotteries, and horse/harness racing”. All publicly traded companies in the London Stock Exchange have discontinued service to American players even though the Act does not specifically outlaw online gaming.
Let us analyze the important differences between judi online and sports publications and their Las Vegas counterparts.
1) -110 v. -105
For all those of you unfamiliar with sports wagering, the above numbers signify chances to bet a point spread ie. Indianapolis Colts -7. – 110 denotes that $110 has to be wagered in order to win $100, while -105 denotes that a $105 winning wager will net $100. So far as I am aware, no Las Vegas sports book offers anything but -110, while tons of online sports books offer -105. Big deal right? Actually it’s.
Here’s why. In order to break even in Vegas, you’d have to win 52.38% (110/210) of your wagers. At -105, that percent shrinks 2.2% to 51.21% (105/205). What appropriate?
If a professional gambler averages 3,650 bets per year (10 per day), then he’s to win 41 fewer games in order to break even at -105 chances. Even farther, if a professional averages $300 per wager, he is saving $12,300 only by wagering online.
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