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a type of book called a betting exchange has been legalized in New Jersey - it is called Prophet Sports Betting Exchange
it is similar to parimutuel wagering
players bet against each other - it's called peer to peer wagering - the house takes only 2% from the winning bets - much less than the 10% from the traditional books
this means the vig is only about 1% - lower than the lowest HA in any casino game
this may be the wave of the future - I'm not sure about that - but there is no reason to limit any player since he's betting directly against other players
the traditional books are limiting and hassling winning players
the downside is they must match wagers within the same state - not all over the country - so, in the beginning there may not be a great deal of liquidity and a player may not be able to get the bets he wants
very interesting - to me anyway
https://prophetbettingexchange.com/education/
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