Finally got the chance to hear about the peculiarities of Asian sportsbooks in an old podcast by betting hand Matthew Trenhaile. Of course it comes a year after I wrote an Asian megabook as if it was a western-facing post-up (you deposit money in the book instead of operating on credit) one in The Sure Bet King. Anyway, the entire segment is great and I recommend you listen to it.
Asian sportsbooks have had (note the past tense) a reputation for being “sharp”, ie taking bets unquestioned with huge limits. But as the podcast notes, it’s wrong to compare them to the western-facing “sharp books” (Circa Sports / Pinnacle /BetCRIS). The short version for their “balancing act” is simple:
- A complex “agent system” that evolved from technological constraints and also legal ones.
- More importantly,a gargantuan pool of recreational money (at least in soccer) and the ability to, for lack of a better word, “dilute” the sharp money across it.
The podcast, recorded in 2018, mentioned this system declining already. Limits were being noticeably reduced, especially for lower-tier leagues. The wider adoption of the internet makes the tangled agent pyramid less and less necessary. Since then, everything I’ve seen has indicated this trend becoming more pronounced.
It’s a fascinating look at an extremely important but murky even by sports betting standards component.