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Circa Sportsbook Back in the day, your bookie knew your name, your favorite team, where the steam was, wrote your ticket by hand, and paid you with a smile when you won. The Circa Sports family is bringing that energy back, with competitive betting options for the games you love. FIRST LOOK: Circa Resort puts emphasis on sports with biggest sportsbook in Las Vegas One of the most impressive parts of Circa is the rooftop pool, which is known as “Stadium Swim.” This complex includes six pools across six different levels, with 30 cabanas and space for 4,000 people.
Every few months the subject of sportsbook limits seems to pop up on Twitter and much debate usually follows. Having been in Las Vegas for the better part of 20 years, both as a bettor and a bookmaker, I feel I’m as qualified as anyone to offer my take on the matter.
Well-defined limits are a necessary part of the relationship between a bettor and a sportsbook. Limits should be established up front, before the first bet is ever placed.
How Most Sportsbooks Set Limits
I’d like to get this out of the way early on: management at any sportsbook has the right to offer any limits they deem appropriate in any way they see fit—no matter how small or large. This is a business choice. That said, there’s an ethical issue in play as to the degree that a sportsbook utilizes winning bettors’ information to sharpen their line, allowing the sportsbook to make more money and feel comfortable accepting larger bets on a given market.
I experienced this issue frequently and firsthand when I bet sports as my sole source of income from 2010–2018. NASCAR Race Winner was one of the markets I chose to handicap and place bets on. As I went around town checking odds and placing wagers, I understood that the limit I would get betting at these various establishments was a direct reflection of the following:
- How sportsbook management perceived my skill
- The sportsbook’s anticipated handle on the event
- The attitude of the person approving my requested bet amount
The Balance Between Sportsbook and Bettor
Make no mistake about it: placing bets in Las Vegas and getting down your desired amount of money is an art form in and of itself. Depending on the sportsbook, you may be able to get down 3x the bet amount if you know a certain supervisor is more likely to approve big bets because he has more “gamble in him.” This, however, can lead to a lot of frustration from the bettor.
One of the most under-appreciated skills as a bettor is bet sizing, in terms of asking for an amount that is likely to be approved. Request too little and you miss out on possible profit. Request too much and you might panic the sportsbook manager into giving you a much smaller bet.
This isn’t how it should work—it shouldn’t be a psychological guessing game with the sportsbook of how much you think they will approve. It’s hard enough to pick winners without having to waste time reading minds.
Most issues arise from bettors when they feel as if they are being taken advantage of or being treated unfairly by sportsbooks looking to exploit them. And keep in mind I’m referring mostly to placing bets over the counter, as most sportsbooks tend to be even more hesitant to allow large wagers via apps for fear of multiple same wagers being placed simultaneously.
In my experience, I believe most Las Vegas sportsbooks are okay at this. But there are some books that I’ve seen decline to give what I perceived to be a fair bet. These are typically the corporate sportsbooks who operate multiple books and no doubt have larger bet volumes.
I recall hitting a boiling point one time when I went to place a $500 wager on Jimmie Johnson to win a NASCAR race at 7/1 odds and was told I could have $300. Granted, it was their right to offer me this, but I still assessed this to be an unfair bet amount. Bettor frustrations such as this come when sportsbooks don’t have clearly established limits and seem to be winging it, or establishing different limits on a whim.
Setting Limits at Circa Sports
I certainly have no issue with different players having different limits, but I firmly believe that it’s vital—and an ethical responsibility—that a sportsbook has standard minimum limits that they are prepared to honor.
This is how we do business at Circa Sports. We believe in offering the same standard limits to all players, regardless of skill. We put out our standard limit sheet and offer those limits both over the counter and on our app. Futures are a bit different as we tend to take larger bets more situationally, but we still operate with a general risk threshold that we adhere to for all of our customers.
Our limits will always serve as a reflection of our volume levels. The more liquidity in a given market, the larger limits we will be able to take. For example, we recently increased our limits on NFL sides on game day from $20K to $50k with the opening of our new Circa property, because we anticipated increased business which puts us in a position to take larger bets.
Setting Limits isn’t Personal
Our goal is to write bets, and my belief is that the more money we are able to take on a given event, the more accurate a representation of the true odds our line will be. This connects back to my belief that bets should not be taken personally. For too long, the sportsbooks and the bettors have had a kind of us-versus-them mentality when in reality both can coexist successfully.
I’m reminded of a scene from the movie Rounders when protagonist Mike McDermott says the professional players aren’t necessarily playing together but they’re not playing against each other either. That may not be a perfect example, because as the director of a sportsbook I’m trying to beat the professional players, but at the same time I realize that I probably won’t beat them in the long run. So instead I treat our relationship as symbiotic, utilizing their superior information to try and fine-tune my number as best as possible to maximize my profits.
Wagering on a sporting event with a bookmaker is a financial transaction; a price is offered by one party and the other party accepts. Whether the book wins or the bettor wins, there shouldn’t be hard feelings. Rather, there should be a drive by each individual to get better so they’re on the winning side of the wager the next time.
At Circa Sports, we don’t take things personally. We’re here to facilitate your bets, and we decide limits based on numbers and probabilities—not based on what kind of mood we woke up in that day. Having been on both sides, I believe it’s completely reasonable to demand this of your bookmaker, and I urge bettors to support sportsbooks that run a fair book and take on all comers.
Thanks for playing at Circa Sports.
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First Major move in #SBLV
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Tails now favored. pic.twitter.com/UjA2LJjat1
— Derek Stevens (@DerekJStevens) January 30, 2021
Join us for the ultimate viewing party of @bareknucklefc#KnuckleMania!👊
Where: the world’s largest sportsbook @CircaSports
When: Fri, Feb. 5th
Time: 6PM
Betting available at Circa Sportsbooks & all mobile kiosks
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— Circa Las Vegas (@CircaLasVegas) January 29, 2021
𝗧𝗵𝗲 #SuperBowl 𝗣𝗿𝗼𝗽𝘀 𝗣𝗮𝗰𝗸 𝗳𝗿𝗼𝗺 @CircaSports
Lots of yes/no wagers. https://t.co/NGyA8NZpEM
— GamingToday (@GamingTodayNews) January 31, 2021
Circa Sports in the News
Colorado 2020 Betting Handle Tops $1billion Mark by Alex W. of Gamble USA
“Circa Sports Colorado and DeckPrism Sports have announced a partnership. As part of the agreement, DeckPrism will become the exclusive in-play odds provider for Circa’s sportsbook app in Colorado. The deal enables Circa Sports Colorado to gain access to DeckPrism’s technology. In return, Circa Colorado customers can enjoy in-play odds. In-play betting is prevalent in Europe and is expected to grow in the United States.“
Circa brings back bettable version of Super Bowl squares by Jim Barnes of Las Vegas Review-Journal
“Circa Sports has turned a Super Bowl watch party staple into one of the sportsbook’s staples. For the second straight year, Circa is offering a bettable version of football squares for the Super Bowl. ‘The popularity blew me away (last year),’ Circa sportsbook manager Chris Bennett said. ‘It was maybe the most fun thing we put up for betting since we opened for business.’“
Circa Sports’ Super Bowl 55 Prop Guide by James B. of WagerTalk News
“The new kid in town, Circa Sports just released their complete Super Bowl 55 prop guide, complete with one-of-a-kind odds on the Super Bowl squares game. Made popular at Super Bowl parties, bettors can place wagers on the digits of the score after the first, second, third, and fourth quarters. Check ’em out.“
Big Game Events: Places to watch and enjoy game day food by Caroline Bleakley of 8 News Now Las Vegas
“THE D VEGAS: will welcome fans to its Big Game Bash. Exciting amenities include VIP Man Caves with room for 25 and game day party packages in the 11,000-square-foot ballroom, including on-site betting by Circa Sports, state-of-the-art surround sound and unlimited food and drink.“
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Sportsbooks don’t want Patrick Mahomes to score first TD by Jim Barnes of Las Vegas Review-Journal
“When Kansas City Chiefs quarterback Patrick Mahomes scored the first touchdown in last year’s Super Bowl, he took money out of the sportsbooks’ pockets. Circa sportsbook manager Chris Bennett remembers it well. Backup running back Darwin Thompson got the carry on first-and-goal from the 1. ‘He got stopped at the 6-inch line, and he would have been a huge win for us,’ Bennett said. ‘Instead, Mahomes scored on the next play, cashing for bettors at 22-1. Circa Sports didn’t lose on the prop, but it merely broke even after being inches from a nice haul.’
‘It was just kind of painful’ Bennett said. Those are the swings involved with the first touchdown prop, a bet that has become increasingly popular for the Super Bowl. Chiefs receiver Tyreek Hill (+550) and tight end Travis Kelce (+675) are the favorites at Circa this year.“
Circa’s Football Betting Squares Are Coming Back! by James Murray of Best US Casinos
“Circa Las Vegas is one of the coolest new casino-resorts in Nevada. Soon, this venue will be putting on exciting events surrounding Super Bowl weekend. Many are excited to hear that Circa’s football betting squares are officially coming back this year!
Betting squares are a fun way for football fans to get in on the action. The ones at Circa have grown extremely popular with visitors. Today, we’ll explain what Circa and some other casinos in Las Vegas have planned for Super Bowl Sunday.“
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Sports betting today is absolutely a fairer game than the stock market. At the end of the day, there’s a win and loss and it’s directly correlated to numbers.
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— Darren Rovell (@darrenrovell) January 30, 2021