Another week flies by as we push thru the quarter mark of the NFL season. Plenty of action for gambler's to fire at regardless of their preference. Conor McGregor and Khabib Nurmagomedov will finally square off in the Octagon for UFC 229. Baseball's marathon regular season has finally ended and things are about to get interesting as we start off the postseason. The US got tossed in the Ryder Cup by a dominant European squad. And the U.S. House of Representatives held a sports betting hearing recently to discuss how to handle the betting expansion. Let's dive right in and take a quick look around the industry in this week's Gambler's Report.
Sports Betting Hearing
Ok, just what everyone wanted to hear. The U.S. House of Representatives held a sports betting hearing. Chairman Jim Sensenbrenner (D-Ill) was quoted "I think the one thing that all of you agree on, is that for Congress to do nothing is the worst possible alternative. So this means we have some work to do." They are looking to put something in place for both the short-term and on a more permanent basis.
Just what we need, more politicians with their hands involved. They will hide behind the guise that they are helping or stopping someone from getting hurt but forgive me if I think they will do nothing but makes things more difficult or complicated.
A New Fan Experience
Ted Leonsis, owner of the Stanley Cup Champion Washington Capitals and the NBA's Washington Wizards along with a host of other professional sports team (7 in all), recently discussed having a new fan experience. As DC gets into the process of legalizing sports betting he sees a future in which his downtown sports arena will open in the morning and attract crowds during lunch, happy hour and well into the night. The draw will be legalized sports betting. It is a far cry from owners of the past who seemed to do everything in their power to distance themselves from anything gambling relating. A true sign of the changing times and they are changing quickly.
Of course, it is early, but initial payout reports from October continue to show everything generally running smoothly on the payout front with most offshore shops. Bitcoin continues to be the easiest and most cost-efficient way to both deposit and withdraw funds from books.
Speaking of Bitcoin, I did see one complaint posted that was another example of why you should always make sure and read the rules thoroughly before making any deposits. A bettor ran up a casino balance and was looking to withdraw Bitcoin but was not allowed due to rules that you must deposit in Bitcoin in order to be able to withdraw in Bitcoin. Now the punter is stuck paying some pretty substantial fees on withdrawal methods to get his funds.
Baseball playoffs are starting, football is pushing along and a mega fight is going down this weekend so the bonuses are flying at most of the shops. Intertops has a nice $100 fight rebate promo for this weekends main event. BetOnline is offering a 50% bonus if you are looking for one of the larger shops. And of course, there is plenty of bonus book action with Ameriasbookie, HRwager, and Skybook all having various offers. As always, make sure you read all the terms and conditions before depositing for any bonus.