The Gambler's Report: Here Comes The Madness

Another week flies by as we have now reached one of the years gambling highlights as March Madness is upon us. And while the Madness will consume many over the next few days resulting in lots of work call-ins, there is plenty else going on in the world of sports to keep punters of all levels with plenty to fire on. The NBA is just over 10 games before they begin their second season with postseason basketball.  Major League Baseball is days away from starting its opening series in Japan as the A's and Mariners will play a two-game set. The remainder of teams will kick off the following week as baseball is finally here. And legalized sports betting continues to dominate the US gambling landscape as expansion continues. Enough small talk around the matter, let's dive right in and take a quick look around the industry in this week's Gambler's Report. 


Betting NCAA Tournament Tips Relating to Seeding - Rounds 1 and 2


Everyone Has One

Favorite schools, color, or even mascot, everyone has a rationale of some sort as they fill out brackets for various office pools. Approximately 47 million Americans are expected to wager some part of a combined $8.5 billion on March Madness. While the expanded US market will handle more of this action than in years past much is still expected to be wagered at various offshore shops as well.  A recent report from gaming analysts Eilers and Krejcik estimated that if all 50 US States had legal online betting that sportsbook would handle up to $15.2 billion in total wagers just for the Madness. 

New Jersey's New King

For the first time since online sports betting began the state of New Jersey has a new leader in terms of revenue. Previous months have had online sportsbook Draftkings as the leader but DFS rival Fanduel took over the top spot for February. Fanduel is helped by their physical location being a mere 6 miles from one of America's most populous cities in New York. 


Betting Tips For College Basketball Post-Season Tournaments


Can't Lose Them All

Sticking with New Jersey reveals the shocking revelation from February showing how poorly most of the states retail sportsbooks performed for the month. The only sportsbook that could call February a success is Fanduel at the Meadowlands which declared revenues just under $1.5 million. The Borgata was on the other end of the spectrum paying out $715,727 more than it took in. Monmouth Park was also a loser posting a loss of over half a million dollars. 

Offshore Report

A quick look around a few industry payout reports for March shows most everything going out within stated timeframes. Bitcoin remains the most efficient way to both deposit and withdraw funds, with many transactions reported within hours instead of days or weeks. 

Good time of year for deposits as many books are offering healthy bonuses and various March Madness contests. Bovada currently has a 50% up to $500 deposit bonus. Intertops is also offering a 50% March Madness Bonus and also has a $25k March Madness Bracket Contest. As always, make sure you do your due diligence when looking to deposit into a book.

About the Author

Jarvis Mahogany is a life long sports fanatic and long time gambler from Miami, Fla. His love of sports in shared/inherited from his father and two siblings who share the same sentiment. His willingness to gamble enabled him to produce a successful business in rental property and land development while maintaining a passion for sports gambling that continues to this day.

Moving to Atlanta, GA in early teens he picked up his first parlay cards and it was love at first sight. While obtaining a Bachelors Degree from the University of Georgia (Go Dawgs!) he became the go to source for all things gambling among family and friends. A tradition that still carries on to this day.

With a focus primarily on offshore books he has spent years learning the ins and out of the industry and is always wiling to share tips or ideas for others. In addition, he has a great deal of knowledge in maximizing money in the offshore industry thru use of bonuses, contest and promotions.

His belief is that any success and longevity in this industry is directly related to value on wagers. His opinion is not getting +EV on the majority of your wagers is the quickest way to get and stay in the red in this industry.

Jarvis Mahogany currently resides in Atlanta, GA.