It was already hard to make money on sports betting.
These past few years have been a great time to bet on sports. As most states have legalized sports wagers since 2018, sportsbook operators have climbed over each other to offer generous promotional terms. Their offers have been attractive and sometimes sketchy . But some form of incentive has always been there for the taking.
But sportsbooks have lost money in the gold rush to recruit new bettors, and only a few of them are on solid financial footing. Regulators have kept a watchful eye over them. Now the sportsbooks have decided they’d like to actually make some money, and they have pared back their promotional offerings to spend less on “customer acquisition.
we as a sports betting public totally suck at them, making them a great profit-driver for sportsbooks . Sportsbooks advertiseThere’s a certain old-fashioned spirit of competition in a regular sports bet. But the founding fathers of betting, whoever they were, did not envision you throwing away your car payment on an eight-leg parlay hinging on several Conference USA basketball games. They did not imagine you’d be able to do it in 30 seconds, from your phone, without any prompts popping up to ask you to think about it.
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