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Author: [Streak Survivor] Topic: Do bookie's lose money?
dudetahoe
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dudetahoe
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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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PhArObiS send a private message View Space | Friends | Playbook | My Sportsbook: bet365 |
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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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habs420
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habs420
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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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cleopat send a private message View Space | Blog | Friends | Playbook |
cleopat
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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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PackerBacker315 send a private message View Space | Friends | Playbook | My Sportsbook: 5Dimes |
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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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