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Dropping Odds Strategy Results [12.11.2024 - 12.18.2024] 📉
This Week (Dec 11-18):
Profit: +$38,637.35
Total Bets: 10,410
Turnover: $816,198.25
Yield: 4.73%
Last Week (Dec 5-12):
Profit: +$41,874.30
Total Bets: 10,260
Turnover: $789,330.51
Yield: 5.31%
Today, we'll look at:
• 🇺🇸 State by State: Where US Betting Volume Lives
• 📍 Understanding Pinnacle's US Status: Quick Guide
This, and more, in just 5 minutes to read.
POP QUIZ
Q: When was PASPA (Professional and Amateur Sports Protection Act) struck down by the Supreme Court? (read on to find out)
State by State: Where US Betting Volume Lives 🇺🇸
The latest US sports betting data reveals a clear picture of which states are leading the way in 2024. Here's where the action is:
Handle by State (2024 YTD):
- Illinois: $9.55 billion
- Arizona: $5.42 billion
- Colorado: $4.89 billion
- Maryland: $4.66 billion
- Indiana: $4.03 billion
Illinois stands out as the clear volume leader, handling nearly double the action of the next closest state. What's particularly interesting is Maryland's strong showing despite being a relatively newer market.
Looking at revenue yields by state:
- Maryland: 10.9% hold
- Arizona: 9.5% hold
- Illinois: 9.1% hold
- Indiana: 9.6% hold
- Colorado: 8.0% hold
Total tax contributions tell another story:
- Illinois: $165.32M
- Maryland: $63.99M
- Indiana: $36.74M
- Arizona: $32.07M
- Colorado: $26.49M
What are your thoughts on these numbers? Join the discussion on r/PinnacleOddsDropper.
Telegram Poll of the Week
📍 Understanding Pinnacle’s US Status: Quick Guide
With the US sports betting market hitting record volumes, many of you have asked about Pinnacle's legal status. Here's what you need to know:
The Short Answer: No, Pinnacle cannot legally accept US customers.
Key Timeline:
- 1998: Pinnacle founded
- 2006: UIGEA passed in US
- 2007: Pinnacle voluntarily exits US market
- 2018: PASPA struck down
- 2024: Still no plans to enter US market
Why It Matters
Pinnacle's low-margin model and sharp lines make them the global benchmark for efficient odds. While US bettors can't bet directly with Pinnacle, their lines remain crucial for:
- Finding value at US books
- Understanding true market prices
- Tracking sharp money movement
The Big Picture
Pinnacle actually restricts bettors from many major markets including:
- US and territories
- UK
- Australia
- Most EU countries
- Canada (Ontario)
What's Next
While US sports betting continues to evolve, Pinnacle is unlikely to enter the market given:
- Complex state-by-state licensing
- High regulatory costs
- Focus on sharp rather than recreational betting
Bottom Line
For US bettors, the focus should be on using Pinnacle's efficient pricing as a tool for finding value at legal stateside books.
Want to dive deeper? Check out our complete guide: https://dub.link/2024Guide
TRIVIA ANSWER
May 14, 2018
🔁 New Results Share Card
POD members can now share their results quickly and easily by downloading a pre filled share card showing off their key metrics!
See you next time!
That's it for today on The Steam Report ♨️!
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Author: dylan@pinnacleoddsdropper.com
P.S. Join our growing community on r/PinnacleOddsDropper to discuss advantage betting strategies!