The Greek Sportsbook
Longtime Offshore Sportsbook The Greek Closes Up Shop
The Greek Sportsbook
The offshore sportsbook world suffered a recent casualty as The Greek announced that it was shutting down. Current players have the option of cashing out or transferring to BetCRIS.
Betting in-person at the sportsbook is a fun experience, for sure, but technology has greatly improved the experience for most bettors. For starters, you can access sports betting odds and bet from anywhere with online bookies. You don’t have to drive long distances and find parking in front of the sportsbook. After more than 22 years online, the legendary Greek sportsbook is moving on. The Greek Sportsbook has closed. The company had been in business since 1998 and was considered by many to be one of the original pillars of the sports betting industry. Player balances are being.
Years ago, The Greek was considered an offshore heavyweight; willing to take sharp bettors and offer competitive limits. In 2011, however, it decided to halt service to U.S-based players and passed them along to Heritage. In 2013, The Greek’s legendary owner, Spiro Athanas, was arrested in New Hampshire for illegal bookmaking. Since then, The Greek has been somewhat of an enigma. It has a huge Twitter presence that seemingly caters to the U.S. with coverage on all of the major professional and collegiate sports league. There were rumblings that U.S. players, via referral or being in-the-know, could play at The Greek on credit but its client base was obviously limited hence the decision to close up shop.
To be candid, as we try to be with you, I think you know that we were a little bit behind the times in a number of areas in comparison to a lot of new brands on the market.
— The Greek Sportsbook (@BetTheGreek) May 1, 2019
Tell them to signup at The Greek Sportsbook and we'll give you a 21% Cash Bonus on their first deposit. How We Rate Choosing a sportsbook can sometimes be like shopping at a used car lot - everything looks good until the money has switched hands. Enjoy the best odds for SPORTS BETTING and Online Predictions. We offer you Online Casino, Horse Racing, e-Sports, Sports Simulations and much more.
For all the talk about legalized sports betting’s boom, we’re curious to see how it impacts the offshore sportsbook world moving forward. To most bettors, the limits (CRIS), menu options (5Dimes), and reduced juice (Pinnacle) offshore remain more appealing than what Las Vegas and other newly developed U.S.-based sportsbooks offer. The caveat however is access. Getting money offshore and collecting winnings can require a lot more effort than driving down to your local sportsbook or using a phone app. It’s really setting up to be a “house divided” with serious bettors sticking to the more attractive offshore product and recreational bettors going the route of “ease of use.”
May 1, 2019Longtime internet sportsbook The Greek (TheGreek.com) announced it is ceasing betting operations as of today. All clients will be transferred to BetCris, another internet bookie facing similar market areas.
‘The Greek’ left the American market 8 years ago in order to avoid any legal entanglements. The original report we posted and the letter contained therein can be seen here: TheGreek leaves US Market.
It is because of this exit eight years ago that The Greek has closed operations (as stated on their Twitter account):
They also go on to say that they have not been able to keep up with the industry’s innovations:
To be candid, as we try to be with you, I think you know that we were a little bit behind the times in a number of areas in comparison to a lot of new brands on the market.
— The Greek Sportsbook (@BetTheGreek) May 1, 2019
The Greek Sportsbook Twitter
The Greek was a sportsbook with a very good reputation. At the time of publication of this article, and the entire history of our site, The Greek has maintained an ‘A Rating’ on our sportsbook grade chart.