Verifying sportsbooks financial condition

[Don't Know Jack]

Can a player request or does a sportsbook have audited financial statements?

I would think that an audit would reveal a couple of things:

1. Post up money held in escrow or safekeeping account.
2. That the book has been in business long enough to satisfy audit requirements.
3. Revenues and financial stability

[sportshobby]

This is a really good question - there are a few that might actually offer one to the public. It would have to be from a reputable accounting firm, of course (or else every sportsbook would have their own "accounting firm" certify their own balance sheet.

[sportshobby]

I know there will be numerous sportsbooks that read this and think we're out of our mind. But maybe it is even more unreasonable to send post-up funds to a sportsbook without seeing an audit first.

[egg nog]

lets face it. if sportsbooks had to show their books, the customers of 90% of them would be running for the hills! think i'm kidding???????

[Don't Know Jack]

I think it is only fair to be able to ask for financials or ask how they are capitalized.

[Dragon]

I think there are many reasons why this would never happen until there was some sort of official regulation, if that ever happens.

The sportsbooks operate in such a grey area as it is. Maybe some day audits and financial statements will become a reality but until then, we'll have to rely on each other for info and sites like Bettorsworld.

I think you can actually view financial statements from a book like Canbet though. They are a publicly held company I believe.