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do you think it is good to have a threshold with a local bookie?

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Participants:

Posts: 8

Capt_CoverPants

Rookie

Joined: Oct, 2013

Posts: 613

Posted: Jan. 6, 2015 - 7:06 PM ET #1

for example we wont meet until either i owe him 500 or he owes me?

any help would be appreciated.

shiek

Veteran

Joined: Jan, 2005

Posts: 1404

Posted: Jan. 6, 2015 - 7:34 PM ET #2

+ it is much more convenient

- As is human nature, similar to a charge card, u r much more likely to forego discipline if u don't have to fork over cash each week.

I have books that do it both ways and even though u have to be more disciplined I prefer the set limit (1000 for me)

Cooler999

Hall of Fame

Joined: Feb, 2007

Posts: 22384

Posted: Jan. 6, 2015 - 7:35 PM ET #3

Been doing that exact amount for over 20 years. It's just not worth it to either one of us to find time to meet up for 500.

It's not going to break either one us to carry that amount to the next week.

You both need to find your comfort zone on the amount is all.

TheGreenTurtle

Prospect

Joined: Oct, 2012

Posts: 489

Posted: Jan. 6, 2015 - 9:32 PM ET #4

I don't like it.

Are you disciplined enough to stop if you hit -550? 600? more? It's easy to think you can bet your way back below that -500 mark, but that can be dangerous.

JOHNNY_ODAE

Veteran

Joined: Mar, 2011

Posts: 2605

Posted: Jan. 7, 2015 - 7:55 AM ET #5

1,000.00 is our pay or be paid. 20-100$ plays. in two currencies, Canadian and American dollars.

BIGfnPOO

MVP

Joined: Jun, 2006

Posts: 18880

Posted: Jan. 7, 2015 - 1:26 PM ET #6

it is a great idea.

bigFnPOO

chargerfan10

Veteran

Joined: Dec, 2008

Posts: 1291

Posted: Jan. 7, 2015 - 1:36 PM ET #7

no brainer. I settle at 2k either way. if you don't have discipline then it doesn't matter if you have a threshold or not.

I enjoy the settle amount because then I don't always have to worry about the book. that gets taxing in a busy lifestyle

HoldingXYZ

Captain

Joined: Sep, 2013

Posts: 6667

Posted: Jan. 7, 2015 - 2:39 PM ET #8

I have a threshold of wins and losses for each book... You never want them to owe you too much,, as well as you owing them... Its better to have multiple books... It pays for itself over time because it allows you to line shop...

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do you think it is good to have a threshold with a local bookie?

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