parrot987

This looks awesome! will try it out

This is similar to what I see too. I've actually gotten a borderless phone plan from AT&T just so I don't have to deal with the Canadian oligopoly.

Yes, you have a point. The "soft-books" (FanDuel, DraftKings) use the justification of being a form of entertainment as the reason to limit players. Fair enough, I have no personal issue with that.

As for who is losing money, I think you're also correct about that. Both the sportsbook and losing bettors will subsidize the "sharp bettor".

It's also worth noting that some sportsbooks (the more well established ones like Caesars and Pinnacle) do limit all players equally. That's because the do as you say and act like a marketplace to pair up both sides of the bet.

The problem with entertainment books is that they often pick a side on the bet so each side is not equally balanced. An attempt to maximize potential profits for themself instead of the traditional strategy to minimize their risk.

Echoing another comment, one huge problem with the current sports betting market is banning/limiting winners.

I started prop-odds.com to help the more mathematically inclined gamblers take advantage of mispriced odds or let them build and backtest their own models. So while it's actually not too difficult to beat the book, the challenge comes from evading their detection and getting banned.

I'm not too familiar with the space, but what kind of market is fully deterministic?