I happened to be glancing at Twitter today and found a tweet from Shane Sigsbee, the co-founder and CEO of IMAWHALE staking group, a procedure that “provides capital, mentoring, and administration to on-line poker players ”According that is worldwide to his Twitter profile, Sigsbee is also a “
Real Estate Investor. Entrepreneur. Christian. Husband. Dad. Golfer.”
Sigsbee also says he tried to put down a $100,000 bet on the Buccaneers +3.5 at BetMGM and was denied.
Just tried to bet 100k on Buccs +3.5 -115 @BetMGM @AriaLV. Given a 20k limit w an explanation I’m a bettor that is pro. It’s the Super Bowl for God’s benefit. @spanky @imawhalesports
— Shane Sigsbee (@ssigsbee) 4, 2021Maybe he should’ve added “mattress salesman” to that Twitter bio above february. Because it appears as if the sky’s the limit on Super Bowl bets.
Of if he was a mattress salesman program, I’m discussing the $3.46 million bet
Jim “Mattress Mack” McIngvale put straight down night that is last the Bucs +3.5 (laying -127) via the DraftKings online sportsbook. The Texas furniture magnate hopped a plane, landed in Colorado Springs, and placed the bet right there on the tarmac. OK, fine, maybe DraftKings is willing to take a big bet like that, and maybe BetMGM isn’t comfortable taking a $100,000 bet, and …No bet for him
In Nevada yesterday, a mystery bettor took a gander at the NFL Super Bowl odds and decided to place a BetMGM wager from their phone to the tune of $2.3 million,” was the first paragraph in a
BetMGM post on its blog
the other day for you, big bet. “This specific chose to miss out the prop wagers, for the present time, and get directly for the jugular by taking the Tampa Bay Buccaneers +3.5.”
“this is a bet we had been happy to get,” said Jason Scott, vice president of trading for BetMGM, within the post. “BetMGM had formerly written a few bets that are six-figure all on Kansas City, and the public is certainly behind Andy Reid and Patrick Mahomes. This Buccaneers that is big bet assisted our guide.”
But uh … how about Sigsbee’s try to put similar bet that is exact was barely 4% of the $2.3 million bet?
Well, the answer seems obvious: Sigsbee is considered a “pro” by the sportsbooks — and not for nuthin’ Shane-o, but the “I’m a whale” thing is a bit a of tip-off — and thus is finding out what most other pros are finding out: They’re going to get limited, in some cases quite severely, in some cases to comical levels.on a side note thanks @DKSportsbook which employee decided 92 cents was the max I am allowed to bet? What happens if the realizes that are casual is exactly what you are doing to champions. pic.twitter.com/Vg5lQjUuvP— BAanalytics (@MLBksPSYCHIC) October 11, 2020But what actually, certainly, does not make any feeling let me reveal Sigsbee ended up being hoping to get down the exact same bet that is exact BetMGM as the $2.3 million bet they had accepted earlier.
Why accept one for $2.3 million, and not the other for $100K? I reached out to BetMGM earlier today, but haven’t heard back yet. But we all kind of know the answer: If you’re good, you’re gone.There will be limits
“(me back in December
*)If you consistently get numbers better than closing, that’s all, folks,” the sharp that goes by “Porter”
told. “Listen, at the conclusion for the time, it couldn’t make sense that is financial allow successful bettors to stick around.”
He’s clearly not wrong. The amount of stories I’ve heard about sportsbooks putting
draconian limits on their customers is worrisome in the short time I’ve been covering the gambling space. There was, clearly, a push and pull at your workplace right here: Sportsbooks aren’t in the commercial of taking a loss. But to constantly push effective bettors away — while during the time that is same in press releases about the massive bets they’re taking — is, to say the least, a bit disingenuous.
And as Porter points out, it’s not necessarily the big winners the sportsbooks have their sights on; on the outside looking in.How else to explain this tweet, in response to Sigsbee’s tweet, from a bettor who claims he was limited to a $110 wager on the Bucs +3.5?I’m not a pro bettor and I was limited to $110 on Bucs +3.5 on BetMGM online in NJ.
— deezamn (@Sit_Down_Son) February 4, 2021
I’ve written numerous times about limits, written how the “new” sportsbooks are apparently not interested in sharp money, how there’s precious few online books — Circa and Sky Ute, both in Colorado, come to mind — that state their limits clearly and keep them open to everyone.
It’s if you prove to be successful at navigating the sportsbook landscape, you’re liable to find yourself An issue that is ongoing’s only going to get worse as more and more bettors get labeled with the “sharp” sticker. Is it any wonder many, if not most, if not all true gamblers that are professional up offshore?(*)Smartest Guy in the room?(*)Meanwhile, we have the Super Bowl PR du jour today with Mattress Mack, who really might be the guy that is sharpest in the space.(*)Understand This: At his three Gallery Furniture stores, he’s running a promotion — spend $3,000 or more on a mattress set at his store, and if the game is won by the buccaneers outright, he’ll give you (*)your cash back.(*)And keep in mind, he bet regarding the Bucs +3.5.(*)You need to assume, according to previous promotions, (*)McIngvale has a fairly idea that is good to how many mattresses he’s going to sell with this promo. And so, if the Bucs win, his gambling winnings will cover his losses on the mattresses. If the Chiefs win, his gambling losses will be covered by his mattress sales.(*)And if the Chiefs win by three points or less?(*)Well, as Adam Levitan of (*)Establish the* that is run( tips down, “ … (*)he keeps all of the mattress cash AND wins their bet AND gets all of the promotion (most likely well worth millions). EZ game.(*)Would add: If KC wins by 1, a few he keeps all of the mattress cash AND wins their bet AND gets all of the promotion (most likely well worth millions). EZ game.(*)— Adam Levitan (@adamlevitan) February 4, 2021(*)