Being good at something is supposed to bring you rewards. In the sports betting world, success often leads to punishment - or at the very least, restrictions.
In Massachusetts, state gambling regulators are seeking to put a stop to this negative process.
An investigation conducted by the Massachusetts Gaming Commission found that successful sports bettors were finding that the amount they were allowed to bet was being limited by online sportsbooks operating in the state whenever these players got on a hot streak and were enjoying a significant run of success betting on sports.
Sportsbook operators admitted to the commission that this process of limiting successful players was, in fact, being implemented.
“Analysis confirmed that players who consistently beat the closing line are likely to have a lower stake factor, meaning have their limit lowered, and players who do not consistently beat the closing line are more likely to have a higher stake factor, meaning have their limit raised,” Carrie Torrisi, head of the
Massachusetts Gaming Commission’s
(MGC) Sports Wagering Division, told the commission,
according to reporting by the Boston Herald.
It’s not a widespread problem, it should be noted. A little over half of 1% of all Massachusetts sports bettors saw their betting limits restricted by online sportsbooks in the state. What was problematic in the view of the commission was that players were not notified of these betting limitations by the sportsbooks. Nor were they informed why the limitations were being put in place.
The Massachusetts Gaming Commission is cracking down on sportsbooks that place unnecessary limits on players
In response, the MGC is adopting a regulation requiring that sportsbook operators put into place
"procedures to provide timely notice to a patron that their wagering activity has been limited, including a specific explanation for the attachment of the limit(s) and identification as to which market(s) are so limited."
Under this new regulation, which is being implemented after gaining unanimous approval in a vote of commission members, online sportsbooks must give a player 48 hours' notice that limitations are being placed on what they can bet. The sports betting site must also provide a detailed explanation as to why the betting limits are being placed on the customer.
These new measures will go into effect on June 1. Sportsbooks will be permitted to submit waiver requests to the MGC explaining why limitations are appropriate on certain players.
Commission Chair Jordan Maynard expressed that by placing wagering limits on players in the legal and regulated sports betting market, it may drive those players to return to placing their bets with illegal offshore sportsbooks.
“It’s about fairness,” Maynard said. He acknowledged that sportsbooks are a business and understands that they must manage risk. Maynard also agreed that there are some
“patrons who take advantage of the legal market (and) are often limited for justifiable reasons.”
However, he assessed that it was patently unfair when successful players are limited in their betting with “little to no justification or notification.”
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