Sports betting depicts a different definition of a “beard,” – although the concept of this person partially mirrors the purpose of having hair from below the nose and around the mouth and chin – which is to conceal something. But punters who have stayed long enough in the sports betting industry identify a beard as someone who places money for the bettors’ behalf to keep their identity away for several reasons.
Many might wonder: why do bettors need someone else to place their money on their behalf? Understand that some punters want to hide their identity close to the chest, or they might want to protect themselves ranging from a sportsbook, fellow bettors, or at a certain location.
Let’s all break down how to spot a beard – and why their role is vital among bettors in a growing sports betting industry around the world.

A BEARD ACTS AS A SHARP'S ALLY

The definition of a beard actually brings us back to the concept of a “sharp.” As you may recall, sharps are a rare breed of bettors who post a 60% winning rate on a consistent basis whose opinions are highly valued by sportsbooks. So how do beards and sharps connect? Some, or most, sharps value their privacy while protecting the impressive record they nurtured through years of experience, thus their reliance on using beards to place money on their behalf.
Veteran bettors should understand the sharps’ concerns. If a sharp places his money on a certain team in a marquee match, sportsbooks are likely to move the line; thus, punters also going in the same direction. But if a sharp places his money through a beard, bettors and even sportsbooks are in the dark as to who is actually making the bet.
The Vegas beard in Las Vegas may be slightly different from the usual beards – even if both persons place money on behalf of other bettors. But in Las Vegas, the Vegas beard is being utilized by some bettors through other means.

BANNED PUNTERS HIDE FROM BOOKMAKERS

In the case of bettors prohibited from some sportsbooks ranging from a previous violation or an incident, they rely on a beard to place money for them in big games. Or a bettor might be banned in a particular sport but still bets on key matches using a beard.
A beard’s importance is not limited to helping sharps and bettors banned in some bookmakers or sports. Current players, coaches, or officials can now place their money on their own teams – or their other favorite teams if they don’t have matches – by using beards to do the dirty work for them without being embroiled in any illegal transactions or unethical issues.
In general, a beard’s importance is highlighted more than ever by bettors who cannot place money in their home states in the US since sports betting remains illegal in their area. A fee is charged for this, but this is a small price for eager punters who don’t want to miss out on a marquee matchup or their favorite player or team.

BETTORS CAN GO AROUND BETTING LIMITS

Through years of experience, punters with deep pockets can use a beard in handy to place their money beyond the sportsbook’s limit. How? If the betting limit in a match is pegged by, for example, USD10,000, the bettor makes the initial bet while the beard places another USD10,000 money on the same match on his behalf.
Some bettors really want to conceal their identity but don’t want to miss an opportunity if they believe they have great chances of winning. So he taps two beards to place separate USD10,000 bets on his behalf.
In more simple situations, a punter who is just too lazy or too busy to bet for himself doesn’t mind spending the extra money to use a beard in place of money for his behalf. If bettors don’t want to bet online and entrust their money to a trustworthy beard, he can do so on a consistent basis.

TAKING RISKS ON SPOTTING A BEARD

The concept of tapping a beard to place money on someone’s behalf may be natural for some sportsbooks and countries. It may not be the same in other platforms and nations – thus, the risk carried by punters in relying on such a practice.
A beard might also be used by large betting syndicates to place money for them, taking away the usual concept of bettors themselves placing their bets individually. Newcomer bets should proceed with caution and study the consequences first before they consider finding their own beard.
Like sharps, finding a beard may be difficult as they need to conceal their identities to become effective in sports betting circles. And once punters do spot one or some of them, they hope to find such a person whom they can entrust their money in placing bets on their behalf, and bettors should have to live with the results if such a ploy backfires on them.
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