by Wiseguy » Tue Jan 12, 2021 9:46 pm
newera_212 wrote: ↑Tue Jan 12, 2021 8:10 pmIt was a figure of speech. Even the mob's online options fall extremely short in comparison of the big tech behind Fan Duel and Draft Kings. There is no comparison. The little off shore websites that these guys use for PPH are miles behind the corporate book's apps.
No matter how big these guys are at the end of the day they still operate with limits. Like I said, the big corporate apps let you do insanely wild things that no little BetEagle or Red44 type PPH site would ever let you do. The only benefit to not using these apps are credit, I guess maybe taxes and consumer loyalty if you have a good relationship with your bookie (the average better does, I would venture to say).
The tech and options behind the corporate books, their sheer ease of use, the promotions they can afford to run, etc. are drawing in new casual betters by the minute. Although as the other poster after me pointed out, that may actually benefit the Mob -eventually- Someone gets more and more 'serious' about betting, tired of having to pay before they place their wager, etc. and could turn to an "old school" (i.e. mob) bookie
When these vices are gentrified the average person is going to go the corporate route most of the time whether it's drugs, betting, sex if they ever legalize what they now call "sex work", everything. Walking into a store to take your pick of a variety of different marijuana strains beats having to wait for some guy to show up. Being able to do live, in-game parlays with multiple legs and get paid out that night beats not being able to do that, and only having the option to straight bet and wait until that week's settle up day. It's the ease of use, customer service, all sorts of things as to why these big companies *could* crush these guys.
These gamblers flocking to legal books like DraftKings, FanDuel, etc., are they long time gamblers who have used a bookie for years or newer ones? I can only guess at this point but I think it would be more the latter.
In other words, if somebody decides to start betting on sports because it's now legal, the stigma is gone, and there's an app on their phone, they likely weren't betting with the mob to begin with. So the mob hasn't really lost that guy as a customer.
However, as others have pointed out, the increase in the number of overall gamblers, as a result of legalized sports betting, may end up resulting in a net gain for the mob - or at least helping to mitigate any losses - if some of those bettors do end drifting to an illegal bookie for whatever reason.
It may ultimately come down to servicing different types of bettors and what they value. I would think the legal market would cater to the more casual bettor who likes all the perks you described above. The illegal market would cater to the more addictive bettor who does not want to put money up front, deal with taxes, etc.
That's just my guess. Time will tell.
[quote=newera_212 post_id=181008 time=1610507430 user_id=5522]It was a figure of speech. Even the mob's online options fall extremely short in comparison of the big tech behind Fan Duel and Draft Kings. There is no comparison. The little off shore websites that these guys use for PPH are miles behind the corporate book's apps.
No matter how big these guys are at the end of the day they still operate with limits. Like I said, the big corporate apps let you do insanely wild things that no little BetEagle or Red44 type PPH site would ever let you do. The only benefit to not using these apps are credit, I guess maybe taxes and consumer loyalty if you have a good relationship with your bookie (the average better does, I would venture to say).
The tech and options behind the corporate books, their sheer ease of use, the promotions they can afford to run, etc. are drawing in new casual betters by the minute. Although as the other poster after me pointed out, that may actually benefit the Mob -eventually- Someone gets more and more 'serious' about betting, tired of having to pay before they place their wager, etc. and could turn to an "old school" (i.e. mob) bookie
When these vices are gentrified the average person is going to go the corporate route most of the time whether it's drugs, betting, sex if they ever legalize what they now call "sex work", everything. Walking into a store to take your pick of a variety of different marijuana strains beats having to wait for some guy to show up. Being able to do live, in-game parlays with multiple legs and get paid out that night beats not being able to do that, and only having the option to straight bet and wait until that week's settle up day. It's the ease of use, customer service, all sorts of things as to why these big companies *could* crush these guys.
[/quote]
These gamblers flocking to legal books like DraftKings, FanDuel, etc., are they long time gamblers who have used a bookie for years or newer ones? I can only guess at this point but I think it would be more the latter.
In other words, if somebody decides to start betting on sports because it's now legal, the stigma is gone, and there's an app on their phone, they likely weren't betting with the mob to begin with. So the mob hasn't really lost that guy as a customer.
However, as others have pointed out, the increase in the number of overall gamblers, as a result of legalized sports betting, may end up resulting in a net gain for the mob - or at least helping to mitigate any losses - if some of those bettors do end drifting to an illegal bookie for whatever reason.
It may ultimately come down to servicing different types of bettors and what they value. I would think the legal market would cater to the more casual bettor who likes all the perks you described above. The illegal market would cater to the more addictive bettor who does not want to put money up front, deal with taxes, etc.
That's just my guess. Time will tell.