Sports Betting
In the 1980's, the sports handicapping business was thriving as people were buying information from so called sports handicappers at an alarming rate. There were boiler rooms of sports salesmen, some rooms with over 100 sales reps making calls to prospective gamblers. TV Handicappers, Mike Warren, Jimmy the Greek, Jim Feist and myself were rolling. We would run a 30 second commercial on national TV with our pick of the week and the phones would light up. We ran radio ads, and select city newspaper ads and the leads would roll in.
What was the hype all about? Who was buying the picks? What was the big deal? Let me explain, it was the fanatic baby boomers who were at that the age of doing what they could to make money. The baby boomers were a money hungry group of people, stocks, bonds, the beginning of the internet, the baby boomers were the key to all the growth. The economy was solid, people were making money, and they had that excess money to gamble with. The baby boomers were buying the sports betting information any way they could, 976 numbers, 800 numbers, and later 900 numbers.
The money was there for them to spend, and the local bookies were turning people away who wanted to bet, the bookies were loaded but could only handle so much. Everyone was making money, the books, the smart players, the smart handicappers, everyone! The big deal was the NFL was at its peak, people loved the 49ers, they loved the Cowboys, they loved to wager Sports betting made the NFL in the 80's. What happened between the 80's and 90's? And current day? Why are there less and less people betting sports? The Answer? The growth of the internet. More and more people were going to the internet, they didn't need scorephones any more, they didn't need information from the sports handicappers, because they could get anything they wanted on the internet. The access and abundancy of information made the sports bettors try to do it all on their own. Thus the decline of using sports handicappers and the rise in people doing it all on their own. They thought they were brighter because of all this excess information. Of course it made some people brighter, but it also made the linesmakers brighter as they received more information than they could get in the 80's.
All in all, the lines became tighter, the players couldn't beat it, and eventually they quit and went to gamblers anonymous or the likes and went on and did something different. The baby bookers are now 45-60 years old, they are wiser, as they got older and figured they couldn't beat the bookmakers.
The children of the baby boomers never really caught on to the sports betting angle, as they learned watching their parents mistakes, betting on sports was a losing proposition. They did their own thing. Dot.com was their world, the economy exploded, then died as the dot.com market busted out.
And now the children of the baby boomers', children? Well they are all in their own world the echo boomers as we call it, are growing up on cell phones, DVD players, Ipod, Palm Pilots and the likes. They could care less about watching a football game, let a lone betting it. The echo boomers will stay away from the sports betting angles, like their parents did, thus the deprivation and slow down of the sports betting world.
Offshore books had a run and now that run is over, or at least declining rapidly. There are no more of those guys betting $2,000 per game or 10 dimes per game, those were the baby boomers, not today's generation of sports bettors. The offshores are filled with $50 dollar bettors and an occasional guy here or there that bets dimes. Dime players are far and few between. So let's recap why there are less and less people betting sports today than in the 80's:
(1) The baby boomers are 45-60 years old, they don't bet no more as they prepare for their social security and retirement life.(2) The baby boomers children, made their money in the dot.com industry and were less inspired to gamble on sports as their parents did.(3) The echo boomers, the baby boomers grandchildren are coming of age, the echo boomers are 7 years old to 22 years old, they grow up on IPODS, and Electronic stuff, they don't have the time to bet on sports as they are too busy text messaging to their friends and such.(4) The offshore sportsbook fever has dwindled, dramatically. More and more of the older sportsbooks owners (the baby boomers), have made their money, sold their sportsbooks and have moved on. While the rest of the sportsbook owners decide to change names every other week. More and more books open and close in Costa Rica, they open a shop, take peoples money, stiff the ones who win, and close after they make their killing. Out of the 400 sportbooks worldwide, only a handful have a solid reputation of paying their people. That handful is less than 10%, don't believe me? Go to any sportsbook watchdog site and check out their blacklistings! There are more books receiving bad reviews than there are ones that have developed the good reputations. The offshore sportsbooks are having more and more problems, doing Western Unions, credit cards and the likes, it seems like nowadays there is so much problem trying to open an account, people who want to open an account get frustrated. People don't trust the offshore sportsbooks any longer, and the majority of the local books, use offshores to take their bets on a per head basis. So you really can't even bet with the local go any longer.
(5) The salary caps in sports have killed the business and made parity in all sports. We as baby boomers loved the dominance of teams, not the way it is now, where anyone can win on a given Saturday or Sunday. Take a look and see how many teams are favored by 25 points and not only don't cover the spread but some lose outright in college football. Why does it seem every game in the NFL, the home team is favored by 3 points, because of parity! I liked the old days when the Cowboys were favored by 14 and would kick the shit out of someone. That doesn't happen today as teams get big leads and coaches quit coaching, prevent defenses take over and such.
What will it take to get the interest back in sports betting? The industry thrived, believe it or not when their were dominant teams. Today's NFL and College Football has so much parity it confuses people, thus the ineptability of trying to pick winners. The prevent defense killed the NFL, and made even the worst NFL teams, excellent against the spread, because the worst teams, never quit playing, while the upper echelon of the teams, quit playing, pull players, and sip their wine from the millions they make from being overpaid.
I say let's bring back the old days, get rid of the salary caps that prevent owners from getting the players they want. Quit drafting 18 year olds, and make the kids stay in school. When a kid commits to a college, the coach wants the kid to stay there, thus he has a 4 year window for the kid, not a year or so, then the kid leaves to go to NFL or NBA or the likes. He can make his team stronger knowing the players ain't going anywhere, and he has to revamp his club every other year. This will make the bigger schools dominant once again. Remember the old Notre Dames, the old Nebraska Cornhuskers, the old Oklahoma Sooners, America's Team the Dallas Cowboys, the 49ers dominance of Super Bowls? Now those were the days!
http://www.sport-betting-links.com
What was the hype all about? Who was buying the picks? What was the big deal? Let me explain, it was the fanatic baby boomers who were at that the age of doing what they could to make money. The baby boomers were a money hungry group of people, stocks, bonds, the beginning of the internet, the baby boomers were the key to all the growth. The economy was solid, people were making money, and they had that excess money to gamble with. The baby boomers were buying the sports betting information any way they could, 976 numbers, 800 numbers, and later 900 numbers.
The money was there for them to spend, and the local bookies were turning people away who wanted to bet, the bookies were loaded but could only handle so much. Everyone was making money, the books, the smart players, the smart handicappers, everyone! The big deal was the NFL was at its peak, people loved the 49ers, they loved the Cowboys, they loved to wager Sports betting made the NFL in the 80's. What happened between the 80's and 90's? And current day? Why are there less and less people betting sports? The Answer? The growth of the internet. More and more people were going to the internet, they didn't need scorephones any more, they didn't need information from the sports handicappers, because they could get anything they wanted on the internet. The access and abundancy of information made the sports bettors try to do it all on their own. Thus the decline of using sports handicappers and the rise in people doing it all on their own. They thought they were brighter because of all this excess information. Of course it made some people brighter, but it also made the linesmakers brighter as they received more information than they could get in the 80's.
All in all, the lines became tighter, the players couldn't beat it, and eventually they quit and went to gamblers anonymous or the likes and went on and did something different. The baby bookers are now 45-60 years old, they are wiser, as they got older and figured they couldn't beat the bookmakers.
The children of the baby boomers never really caught on to the sports betting angle, as they learned watching their parents mistakes, betting on sports was a losing proposition. They did their own thing. Dot.com was their world, the economy exploded, then died as the dot.com market busted out.
And now the children of the baby boomers', children? Well they are all in their own world the echo boomers as we call it, are growing up on cell phones, DVD players, Ipod, Palm Pilots and the likes. They could care less about watching a football game, let a lone betting it. The echo boomers will stay away from the sports betting angles, like their parents did, thus the deprivation and slow down of the sports betting world.
Offshore books had a run and now that run is over, or at least declining rapidly. There are no more of those guys betting $2,000 per game or 10 dimes per game, those were the baby boomers, not today's generation of sports bettors. The offshores are filled with $50 dollar bettors and an occasional guy here or there that bets dimes. Dime players are far and few between. So let's recap why there are less and less people betting sports today than in the 80's:
(1) The baby boomers are 45-60 years old, they don't bet no more as they prepare for their social security and retirement life.(2) The baby boomers children, made their money in the dot.com industry and were less inspired to gamble on sports as their parents did.(3) The echo boomers, the baby boomers grandchildren are coming of age, the echo boomers are 7 years old to 22 years old, they grow up on IPODS, and Electronic stuff, they don't have the time to bet on sports as they are too busy text messaging to their friends and such.(4) The offshore sportsbook fever has dwindled, dramatically. More and more of the older sportsbooks owners (the baby boomers), have made their money, sold their sportsbooks and have moved on. While the rest of the sportsbook owners decide to change names every other week. More and more books open and close in Costa Rica, they open a shop, take peoples money, stiff the ones who win, and close after they make their killing. Out of the 400 sportbooks worldwide, only a handful have a solid reputation of paying their people. That handful is less than 10%, don't believe me? Go to any sportsbook watchdog site and check out their blacklistings! There are more books receiving bad reviews than there are ones that have developed the good reputations. The offshore sportsbooks are having more and more problems, doing Western Unions, credit cards and the likes, it seems like nowadays there is so much problem trying to open an account, people who want to open an account get frustrated. People don't trust the offshore sportsbooks any longer, and the majority of the local books, use offshores to take their bets on a per head basis. So you really can't even bet with the local go any longer.
(5) The salary caps in sports have killed the business and made parity in all sports. We as baby boomers loved the dominance of teams, not the way it is now, where anyone can win on a given Saturday or Sunday. Take a look and see how many teams are favored by 25 points and not only don't cover the spread but some lose outright in college football. Why does it seem every game in the NFL, the home team is favored by 3 points, because of parity! I liked the old days when the Cowboys were favored by 14 and would kick the shit out of someone. That doesn't happen today as teams get big leads and coaches quit coaching, prevent defenses take over and such.
What will it take to get the interest back in sports betting? The industry thrived, believe it or not when their were dominant teams. Today's NFL and College Football has so much parity it confuses people, thus the ineptability of trying to pick winners. The prevent defense killed the NFL, and made even the worst NFL teams, excellent against the spread, because the worst teams, never quit playing, while the upper echelon of the teams, quit playing, pull players, and sip their wine from the millions they make from being overpaid.
I say let's bring back the old days, get rid of the salary caps that prevent owners from getting the players they want. Quit drafting 18 year olds, and make the kids stay in school. When a kid commits to a college, the coach wants the kid to stay there, thus he has a 4 year window for the kid, not a year or so, then the kid leaves to go to NFL or NBA or the likes. He can make his team stronger knowing the players ain't going anywhere, and he has to revamp his club every other year. This will make the bigger schools dominant once again. Remember the old Notre Dames, the old Nebraska Cornhuskers, the old Oklahoma Sooners, America's Team the Dallas Cowboys, the 49ers dominance of Super Bowls? Now those were the days!
http://www.sport-betting-links.com
posted by adairk at
8:37 p.m.
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