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Author: [Streak Survivor] Topic: Do bookie's lose money?
dudetahoe send a private message View Space | Friends | Playbook |
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#126
Posted: 7/14/2012 11:26:53 AM
Books have a very small hold percentage.  They will lose money if they are not safe or if their numbers get too far away from the consensus number.  If there is a whale(s) who is not sharp on their better list, then they can be quite profitable, but other than that they are not cash-cows like a slot machine or roulette tables. 
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#127
Posted: 8/16/2012 11:26:41 AM
QUOTE Originally Posted by lightsout2184:

oh he isnt doing everything correctly. parlays and teasers are a bookies best friend. why would you take straight wagers only.

Absolutly true,... Parleys and tesers r the bookies bet friend ;)
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#128
Posted: 8/21/2012 3:18:04 AM
[Quote: Originally Posted by RantinRave] Tuppy - Thanks for a genuine response. lol.

I always thought that parlay's and teasers were the wrong route to go unless you had a a bunch start up money. For example, "this person" doesn't want a couple people hitting a 3-team $100 parlay. I mean, in the long run they are going to lose, but right now there could be some desperation for a losing week.
 
They will be considered though.

3 team parlay, couple people winning.  Hard to hit and if they do its probably 3 heavy favs.  Weak payouts.  Personally, I'd take parlays all day if I was a bookie.
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#129
Posted: 9/3/2012 8:09:03 PM
NO bookmakers put you on payment plans and make your life miserable i have five easy steps to get any gambling out of anything
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#130
Posted: 9/7/2012 11:45:33 PM
Over time bookies dont lose money.. Anyone can take a bad hit one week..
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#131
Posted: 7/26/2013 1:06:43 PM
QUOTE Originally Posted by RantinRave:

This is all hypothetical of course..

A person loses a lot of money to online sports books and this person's local guy. He then decides to take action from close friends and some others. In four weeks he gets cleaned out for 4k. Usually a bad weekend would be -500. He's doing everything "correctly" (i.e. charging 10 cents on the dollar, taking straight wagers only, game and halftime lines, etc.)

You have to make sure your clients are not all betting the same lines or you could continue to lose on a daily/weekly/monthly basis.

If you come to a point where you clients are over betting the same lines lock that game off In turn increases your odds with other games and overall payouts. Other than that you are just making a gamble yourself betting the opposite team instead of collecting that per say 10cent on the dollar

What would you do?
A. Stop
B. Continue
C. Other

PS - 50% are known degen's. The other 50% never wagered on a game in their entire life.
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#132
Posted: 7/29/2013 10:41:02 PM
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#133
Posted: 8/3/2013 10:07:38 AM

Only if they are greedy. There is a solid code among the best in the business and if they follow it strictly with no deviations, they never lose.

Losing weeks --yes

Losing months---no or very seldom

Losing years---never

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#134
Posted: 8/4/2013 1:48:52 PM
QUOTE Originally Posted by Chadnailz6:

lightsout,

you are moronic if you are claiming that a bookie is not hoping for near equal action on the games.  Why in the hell do you think spreads are created?  To lure people into betting evenly on the matchup. 

Take this as an example:

Bookie takes 100 bets on Monday Night Football game.  Colts vs. Patriots, Patriots favored by 3.  It is a bookie/sportsbooks nightmare if 85 people take the Patriots.  They don't want to lose all of that money.  By getting more even bets, the bookie is going to make money no matter what.

If you're bookie would rather take the 85-15 spread, then I would deem him an ignorant person...


This is not true.....  They want, especially in RIGGED NFL AND NBA especially 70%+ to be on the fave and over which is a usual thing in both those sports it seems.. ESPECIALLY ON SUNDAY NIGHT N MONDAY NIGHT TELEVISED GAMES (Or HAW CFB game that starts at Midnight EST for the CHASERS trying to get money lost all day SAT).... SEEN BOOKS WIN EVERY SINGLE YEAR IN NFL AND BIG TIME EXCEPT ONE... AND THAT WAS THIS LAST YEAR....  WHY, FAVES AND OVERS WERE COVERING EASILY (INCL CFB AND CBB) AND EVEN WITH THE REFS "RIGGING" THE FINAL DRIVE TO BACKDOOR DOGGY SPECIAL COVER, TEAMS WERE TURNING THE BALL OVER OR GIVING IT UP ON DOWNS WITHOUT EVEN GIVING THE REF A CHANCE TO MAKE A HORRID CALL FOR THE 1st DOWN ON A PASS INT. OR DEFENSIVE HOLDING, ETC ETC....  AND NBA, I RECOMMEND TIM DONAGHY'S BOOK, A PERSONAL FOUL...  HELP YOU BE A BETTER GAMBLER, AND IF YOU ARE A BOOKIE, THAT TOO...
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#135
Posted: 8/10/2013 1:52:33 AM
QUOTE Originally Posted by butkusmlb:

Only if they are greedy. There is a solid code among the best in the business and if they follow it strictly with no deviations, they never lose.

Losing weeks --yes

Losing months---no or very seldom

Losing years---never


Many online books WENT OUT OF BUSINESS AND/OR RIPPED OFF MANY MANY PEOPLE AND THEN CLOSED THIS PAST NFL SEASON.... MOST VEGAS SPORTSBOOKS LOST ON NFL SEASON FOR FIRST TIME I HAD EVER HEARD....  THINK OF ALL THE OVERS LAST YEAR, AND ALL THOSE LAST MINUTE DRIVES WHERE A UNDERDOG COMES DOWN TO RUIN THE SPREAD BECAUSE OF 2 OR MORE HORRID CALLS HELPING THE SHITTY TEAM "BACKDOOR COVER".... WELL, THERE WERE PROBABLY SAME AVERAGE AMOUNT OF GAMES WHERE THOSE UPSET PT SPREAD BACKDOOR COVERS WERE SET UP TO HAPPEN, BUT FOR SOME REASON, EVEN WITH SOME TEAMS GETTING 4, 8, or even 12 PLAYS TO GO THE LENGTH OF THE FIELD THANKS TO CONVENIENT PASS INT OR DEF. HOLDINGS TO GET BALL IN AND COVER, THEY JUST DIDNT HAPPEN.....  TEAMS WOULD THROW PICK 6 OR JUST GIVE IT UP ON A TURNOVER OR DOWNS... EVEN WITH REFS BLATANTLY HELPING (THEY DO EVERY YEAR, AND ANYONE WHO DOESNT SEE IT IS HIGH OR WANTS TO BELIEVE THERE ISNT "FIXING" IN SPORTS)... NBA IS NOW #1 FIXED SPORT SINCE DON KING QUIT BOXING, TAKING NFL TO #2....

TIM DONAGHY'S BOOK PERSONAL FOUL,  TELLS IT HOW IT IS....  THAT MAN WAS FUCKED OUT OF A JOB NOT BECAUSE OF GAMBLING BUT BECAUSE HE WAS SPREADING THE WORD ABOUT HOW THE NBA REALLY WORKS... KOBE DOESNT SINK 24 STRAIGHT FT'S UP 16 on a spread of -11 AND WITH 1 MIN LEFT LAL HAS 4 TURNOVERS AND KOBE MISSES 4 FT'S FOR THEM TO WIN BY 9 or 10... WATCH FOR ALL THE TIME OUTS CALLED WITH 25 SECONDS LEFT IN AN 8 PT + GAME....  READ THE BOOK IF YOU DONT BELIEVE SPORTS IS FIXED BECAUSE OF ONE REASON.... MONEY....
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#136
Posted: 8/23/2013 4:19:09 PM
Sharp bettors bust bookies.....
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#137
Posted: 8/25/2013 12:26:08 PM
The sharp bettors are the sharp bookies because they win 90% of the time.
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#138
Posted: 8/25/2013 10:49:16 PM
it takes one sharp bettor to take down a local bookie, an offshore account will just throw that person out.
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#139
Posted: 8/26/2013 10:13:48 AM

I said a " sharp bookie".  A sharp bookie #1- is not greedy #2- follows the code that has been handed down over the years by the best of the best #3- he can spot a sharp bettor early on and alter his rules of engagement by limiting this players action amounts. Blah blah blah.

There are 50 other reasons a "sharp bookie' will not be beaten by anyone consistently.

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#140
Posted: 8/30/2013 7:55:54 PM
YOU MUSY have a big  player  option....50  50  comes into play....and then you need to be able to fluff  off bets that go ..2 one sided  to ....OTHER BOOKIES....going alone  WITHOUT  alot of moola at home...invovles  other    people...catch my drift//
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#141
Posted: 9/5/2013 1:53:20 PM
I,ve booked for over 25 years and have NEVER had a loseing year. Y,ve GOTto keep GOOD NUMBERS,LIKEfrom the pin.,  or the CHRIS.,and Y,ouv got to MOVE your numbers! The bookmaker has to only win 44 percent, too brake even!  Nice talking to you.
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#142
Posted: 9/7/2013 10:52:24 AM
of course! i am the bookies worse nightmare!
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#143
Posted: 9/9/2013 9:54:08 PM
QUOTE Originally Posted by RantinRave:

This is all hypothetical of course..

A person loses a lot of money to online sports books and this person's local guy. He then decides to take action from close friends and some others. In four weeks he gets cleaned out for 4k. Usually a bad weekend would be -500. He's doing everything "correctly" (i.e. charging 10 cents on the dollar, taking straight wagers only, game and halftime lines, etc.)

What would you do?
A. Stop
B. Continue
C. Other

PS - 50% are known degen's. The other 50% never wagered on a game in their entire life.

The answer is: B. Continue

Unless your bookie buddy is unknowingly booking sharps (highly unlikely) then long term he will get ALL + A ton of money back. If your bookie buddy has a small bankroll then of course losing $4k in a month is a lot, but in all the years I've been around sports betting, I've never seen a guy go on a longer winning streak than 3 weeks. 

That being said, tell him to gut it out and it will pay off soon enough. Most times, the players give up ALL their winnings from the previous weeks in one weekend. 

And if he does want to quit for good, tell him to send his players my way. I'll book their action.  
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#144
Posted: 9/12/2013 3:10:00 PM
Bookies never lose any money...they are always winners for sure.. juice is their money..
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#145
Posted: 9/20/2013 4:37:48 AM
Books don't ever lose.. Not the large ones... 

they take 100 on tb
they take 2000 on saints..

They send off 1900 to the higher ups in the system.. 

Only way the books lose is if people lay BILLIONS and HIT... 
Ofcoarse they won't take those bets.. =0
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#146
Posted: 9/20/2013 1:01:06 PM
any games tonight.
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#147
Posted: 10/7/2013 11:49:59 AM
QUOTE Originally Posted by Theboundbook:



TIM DONAGHY'S BOOK PERSONAL FOUL,  TELLS IT HOW IT IS....  THAT MAN WAS FUCKED OUT OF A JOB NOT BECAUSE OF GAMBLING BUT BECAUSE HE WAS SPREADING THE WORD ABOUT HOW THE NBA REALLY WORKS... KOBE DOESNT SINK 24 STRAIGHT FT'S UP 16 on a spread of -11 AND WITH 1 MIN LEFT LAL HAS 4 TURNOVERS AND KOBE MISSES 4 FT'S FOR THEM TO WIN BY 9 or 10... WATCH FOR ALL THE TIME OUTS CALLED WITH 25 SECONDS LEFT IN AN 8 PT + GAME....  READ THE BOOK IF YOU DONT BELIEVE SPORTS IS FIXED BECAUSE OF ONE REASON.... MONEY....


My sentiments EXACTLY...A year before Donaghy was busted I posted that there was a Las Vegas Bookie connection to Spurs vs Suns playoff foul calls and was chastised off the boards for suggesting this theory yet and Bookmakers don't go out of business the simply change their names..but then again..
Everybody Know Vegas Was Built By Winners....DOH


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#148
Posted: 10/11/2013 6:06:01 PM
I see soft lines available as my local adjusts his numbers 
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#149
Posted: 10/14/2013 11:16:51 PM
the house never lose
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#150
Posted: 10/18/2013 6:59:22 PM
QUOTE Originally Posted by Chadnailz6:

lightsout,

you are moronic if you are claiming that a bookie is not hoping for near equal action on the games.  Why in the hell do you think spreads are created?  To lure people into betting evenly on the matchup. 

Take this as an example:

Bookie takes 100 bets on Monday Night Football game.  Colts vs. Patriots, Patriots favored by 3.  It is a bookie/sportsbooks nightmare if 85 people take the Patriots.  They don't want to lose all of that money.  By getting more even bets, the bookie is going to make money no matter what.

If you're bookie would rather take the 85-15 spread, then I would deem him an ignorant person...



bookies have the statistical edge, and they are very greedy, if they have good odds in their favor they will let a uneven spread ride out if all the money is going to a side that statistacally will not cover.
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