In his writing Michael Konik had nothing good to say about the offshore sportsbooks. He was involved with them at a time when so many people were gettting stiffed for their money by books shutting down and not paying off. Here's an insider's account of what happened.
http://pregame.com/forums/blogs/johnny-detroit/archive/2011/01/28/sportsbook-industry-view-from-the-inside.aspx
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