Sports Betting Companies Give VIP Treatment For Chronic Losers, But Crack Down On Those Who Beat House
Sports betting companies prey on customers who lose the most money, but they place strict limits on those who consistently beat the house, CBS News reported Monday.
Pete Peterson · Oct 26, 2026 · 3 min read
Sports betting companies prey on customers who lose the most money, but they place strict limits on those who consistently beat the house, CBS News reported Monday.
Sports gambling companies reward their biggest losers, gifting them VIP access to sporting events and signed memorabilia, according to CBS News. These same companies place severe limits on customers who win big, effectively cutting off those who consistently make winning bets on the platforms, CBS News said.
“You’re exploiting the losing bettor, you’re taking advantage of them, and guys like me get shown the door,” professional gambler Mike Manning told CBS News.
American sports bettors have wagered more than $700 billion since 2018, when the Supreme Court allowed for legalized sports betting in its ruling on Murphy v. National Collegiate Athletic Association, according to Legal Sports Report.
Of that revenue, 86% is contributed by 5% of users, according to advocacy group QuitGamble.
How the online sportsbooks treat their customers largely depends on whether those spenders are winning or losing. Neither FanDuel, DraftKings nor BetMGM responded to the Daily Caller News Foundation’s request for comment.
Manning bets using advanced analytical models; after registering for all the major sportsbooks, he started winning on every single one. Sportsbooks immediately limited the amount of money Manning could bet, CBS News reported. DraftKings limited Manning to $25 per wager. BetMGM restricted his limit to $5.
Professional gambler and responsible betting advocate Isaac Rose-Berman reported that he is unable to bet more than $15 on a prop bet through Fantatics.
Conversely, sportsbooks offer the biggest losers VIP status.