Do small timer bookies lay off?

Do small timer local bookies lay off?  For example, if they don't want to take the risk, or they don't have a large enough bankroll, they lay off the action to a bigger local book.

For sure the big time deep pocket local bookies don't need to lay off.  They have more than enough funds to payout.  But do small timer local bookies lay off or they rather just risk?  And if they can't pay up, they run away and disappear forever from this business?

Just curious.

bump

To answer with out big details yes a small "Agent" will layoff occassionally if a hot players bets large a karge amounts but most players have a max wager that the Agent is not scared of

Yes, in fact if they are SMART, they use a PPH frm like PayPerHead.com which offers the ability to layoff larger bets. So they're covered if the lose but they share in a slice of a bigger pie if the bet goes their way.

That makes sense.  Obviously the big boys bookies don't need to lay off since they have a very deep pocket.  That is why I don't trust small timer bookies.  They're just small potatoes trying to do big boys business.

I have been known to lay off for sure....As a bookie and a player managing bankroll is important to me in both areas.  I always have the cash reserves to cover even in the event all of my players win 100% of their bets.  If I cant cover it I wont take it. This translates to fast and timely payouts to my players and more WOM business.

Yes

If I were you, I wouldn't let my customers know I need to lay off.  That shows you don't have a deep pocket.  Only small timer bookies need to lay off because you never see the big boys bookies doing big business that needs to lay off.  They have a really deep pocket with a huge bankroll.  Doesn't make sense for them to lay off.

of course they do

I think all bookies do mate

Almost all bookies lay off if they have too much action on one side; it is a form of risk management.  No sense letting one game decide your faith for the entire year, that is gambling, bookies dont gamble - they run a business and they should manage their risks just like any other business.

You mean almost all small timer bookies lay off.  The big boys doesn't.  Big boys doing big business don't need to lay off since they have a very deep pocket.  Small boys don't have a deep pocket.