Sports betting limits are designed to limit damage to the house

Every game of chance offers the home a certain inherent statistical advantage, but no one operates such a small profit margin - theoretically between four and four percent - as sports laws. With so little room for error, sports books have become dependent on a combination of precise point ranges and an understanding of how and when lines should run as their primary defense against players. Another important tool available to bookmakers is sports betting limits.

In general, there are three factors that sports books take into account when setting limits to sports laws, the historical accuracy of the rules, their profit trends, and the mix of their customers. For these reasons, while sports betting limits can vary widely from one bet to another, almost all bets set limits on their biggest and best sports and work downwards. For almost all sports books dealing with a primarily American clientele, the NFL reigns supreme.

But what should be the boundaries of an NFL sports book? As a general rule, if a book cannot "comfortably" lose five times its specified limit, then that sports betting limit is too high. For example, if a sports or online bet has a limit of $ 10,000 and, as is always the case from time to time, a limit hits one hand in one game five times before moving the point range on that game. , then that sportsbook or site must be able to survive for a loss of $ 50,000 without half the staff being laid off. If a sports book can’t sustain such a hit, the limit for sports laws is too high.

Sports books and sites set limits on their sports betting based on their games. There is no reason for a bet to have a $ 10,000 limit if its best bet consistently falls in the $ 500 to $ 1,000 range. In that scenario, the only time a sports betting site will see a $ 10,000 bet is when it is not needed, if there is something wrong with the game and the player has an informational advantage over the game. bookmaker.

It should be noted that sports betting limits are in place as a defense against professional players. Sportsbooks in Nevada and other resort locations often allow frequent customers of their casino to clear amounts in excess of the limits specified by the homeowner. In addition, there are also a handful of transcendent sporting events, such as the Super Bowl, which benefit greatly and may have no limits.

If a book starts with a $ 10,000 limit on NFL sides, then a $ 1,000 limit on NFL totals is compliant. After all, totals are esoteric bets and limit bets on them almost always come from professional gamblers. By keeping total bets relatively low, sports books and websites can keep leverage and manipulate gambling to their best advantage.

Once secondary and general limits are set in the NFL, sportsbooks can assign numbers to other sports. A sportsbook or page manager who accepts a $ 10,000 bet on the NFL should feel comfortable with half that amount, or $ 5,000, on college football. A sports book that takes a 10-dime side bet on the NFL can accept a $ 3,000 bet on both Major League Baseball and the NBA. Total limits of $ 500 for baseball would be appropriate. A total limit of $ 300 in the NBA - where savvy gamblers have proven to be particularly adept - would be in line with a $ 3,000 side limit. College basketball, which has become more profitable for bettors than the NBA version of the hardwood game, has come closer, if not even drawn, with professional hoop caps. Where once a $ 3,000-pop sports book in the NBA could only cost $ 1,000 on college basketball, the boundaries have now reached parity in many stores.

Given our example of the $ 10,000 NFL limit, NHL betting limits can comfortably fall within the $ 2,000 range with total limits of around $ 300. The betting limits on hockey do not have to be very high because casual players rarely bet so much on sports betting.

A major boxing attraction, especially one where the line has been strengthened and appears to result in substantial two-way action, can be booked within the confines of the NFL. On the other hand, events such as arena football and the Canadian Football League, sports where oddsmakers and sports books may not have as much information as they would like and where not there is not much interest from the general public, they become much less. limit. Maybe $ 1,000 is the right amount on those sports.

Players may not always like it, but setting limits is a reason