Tuesday, April 27, 2004
Online Casino News.com - All The Gambling, Sports and Casino News for the Internet Gambler
Online gambling beating Las Vegas Sportsbooks
By paul
Internet sports betting has overtaken Las Vegas-based sports books. A 2002 US Congressional Report said global online gambling revenues were over $4 billion, with over $2 billion bet by US residents. Bear Stearns estimated the global online gambling market would have been worth over $5 billion if credit card issuers had not blocked transactions with offshore betting and gambling sites. Nevada, where sports betting is legal, took under $2 billion in 2002, a ten-year low.
This can be partially explained by the fact that slots are squeezing other types of gambling from Las Vegas casino floorspace. Slots account for 70% of Nevada casinos’ profits. Another reason is that, apparently, Nevada bookmakers are referring business to the offshore sports betting sites. Also, the online sports books tend to offer better odds than Las Vegas, as well as generous sign up bonuses unavailable in Nevada.
The report found that US online gamblers and heavy internet users share many of the same demographics: According to David Lee of Mandalay Bay casino, 77% of online sports bettors are male. The are also typically single, educated, 25-34 years old, and with incomes in the $40,000 - $80,000 range. Other findings of the report include players’ preference for recognized names, rather than internet-only sports books.
Online gambling beating Las Vegas Sportsbooks
By paul
Internet sports betting has overtaken Las Vegas-based sports books. A 2002 US Congressional Report said global online gambling revenues were over $4 billion, with over $2 billion bet by US residents. Bear Stearns estimated the global online gambling market would have been worth over $5 billion if credit card issuers had not blocked transactions with offshore betting and gambling sites. Nevada, where sports betting is legal, took under $2 billion in 2002, a ten-year low.
This can be partially explained by the fact that slots are squeezing other types of gambling from Las Vegas casino floorspace. Slots account for 70% of Nevada casinos’ profits. Another reason is that, apparently, Nevada bookmakers are referring business to the offshore sports betting sites. Also, the online sports books tend to offer better odds than Las Vegas, as well as generous sign up bonuses unavailable in Nevada.
The report found that US online gamblers and heavy internet users share many of the same demographics: According to David Lee of Mandalay Bay casino, 77% of online sports bettors are male. The are also typically single, educated, 25-34 years old, and with incomes in the $40,000 - $80,000 range. Other findings of the report include players’ preference for recognized names, rather than internet-only sports books.
Kentucky Derby Lines
01-May WIN - 2004 KENTUCKY DERBY
# To Win the Tournament Odds
(ALL WAGERS ACTION)
SHOULD A HORSE BE
WITHDRAWN/SCRATCHED
BEFORE A RACE BEGINS
BETS ON THAT HORSE
LOSE
2 ACTION THIS DAY +4000
3 BIRDSTONE +2000
4 BORREGO +1000
5 BREAKAWAY +7500
6 CASTLEDALE +1800
7 CONSECRATE +10000
8 EDDINGTON +1200
9 FIRE SLAM +5000
10 FRIENDS LAKE +2000
11 HARVARD AVENUE +10000
12 IMPERIALISM +1200
13 LIMEHOUSE +3500
14 LION HEART +1200
15 MASTER DAVID +700
16 MINISTER ERIC +2500
17 MUSTANFAR +10000
18 POLLARDS VISION +2000
19 POMEROY +5000
20 PREACHINATTHEBAR +4000
21 PRO PRADO +6000
22 QUINTONS GOLD RUSH +3500
23 READ THE FOOTNOTES +1200
24 ROCK HARD TEN +1500
25 SMARTY JONES +600
26 SONG OF THE SWORD +4000
27 ST AVERIL +3000
28 SAUVE +5000
29 TAPIT +400
30 THE CLIFFS EDGE +600
31 TRICKY TABOO +10000
32 VALUE PLUS +6000
33 WIMBLEDON +1500
34 SINISTER G +8000
01-May WIN - 2004 KENTUCKY DERBY
# To Win the Tournament Odds
(ALL WAGERS ACTION)
SHOULD A HORSE BE
WITHDRAWN/SCRATCHED
BEFORE A RACE BEGINS
BETS ON THAT HORSE
LOSE
2 ACTION THIS DAY +4000
3 BIRDSTONE +2000
4 BORREGO +1000
5 BREAKAWAY +7500
6 CASTLEDALE +1800
7 CONSECRATE +10000
8 EDDINGTON +1200
9 FIRE SLAM +5000
10 FRIENDS LAKE +2000
11 HARVARD AVENUE +10000
12 IMPERIALISM +1200
13 LIMEHOUSE +3500
14 LION HEART +1200
15 MASTER DAVID +700
16 MINISTER ERIC +2500
17 MUSTANFAR +10000
18 POLLARDS VISION +2000
19 POMEROY +5000
20 PREACHINATTHEBAR +4000
21 PRO PRADO +6000
22 QUINTONS GOLD RUSH +3500
23 READ THE FOOTNOTES +1200
24 ROCK HARD TEN +1500
25 SMARTY JONES +600
26 SONG OF THE SWORD +4000
27 ST AVERIL +3000
28 SAUVE +5000
29 TAPIT +400
30 THE CLIFFS EDGE +600
31 TRICKY TABOO +10000
32 VALUE PLUS +6000
33 WIMBLEDON +1500
34 SINISTER G +8000
