Better risk management technology and the winding down of sports betting’s “free money” era — on which sharper bettors pounced — is nudging smarter players back toward the offshore market.
Sharper sports bettors are getting "boxed out" of the legal market and increasingly taking their business offshore, a recently published report found.So suggests data recently compiled for an investment bank depicting a surge in offshore wagering amid the potential for increased restrictions on certain players at
Nevertheless, a good deal of that revenue stems from more recreational players, and sharps are increasingly subject to restrictions on their play, such as limiting or bans. Now, more than 50% of wagering by players in the Juice Reel database is handled by offshore sportsbooks, up from 30% to 35% before the Spring of 2022. Approximately 40% to 55% of bets are taken offshore as well, the JMP note said, compared to around 20% a year ago.
Permitting sharper play can seemingly run counter to those goals, even if it ultimately proves to be short-sighted. That is despite bookmakers such as
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