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¡°I'm confident there's plenty of room for growth,¡± said Jeffrey Millar, commercial director of North American operations for Evolution, an online casino content provider.
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Now let¡¯s grapple with the cold, hard reality of trying to turn a profit. Assume a $1 bill represents each vertical ¡ª one for sports wagering, one for casino gaming. The industry standard hold for online sports wagering is 7%, which means our company will gain one nickel and two pennies for every dollar wagered on a sporting event on our site.
Though Hoskins did register a single, the Phils dropped a 7-6 decision. But the bet wasn¡¯t a complete flop, because Kevin had secured a little insurance. Every homer hit during the game bought him back $5 of his original investment. Since the Cards slugged five dingers in their win, Kevin was only out the $2.50 ¡°vig,¡± a 10 percent penalty paid on losing bets. No wonder he was so nonchalant about the loss.
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¡°Oh well,¡± Kevin says with a shrug.
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