bookies

can anyone tell personal stories of being a bookie, looks very lucrative and easy money

easy money

Do you have 7 figures in capital?

 

Well thats starting out big im talking about 3-5 college students as customers maybe with a $35k bankroll taking $100 bets

Good Luck.

I will be watching this system closely.

3-5 college students?  Thats your plan?

First week, 2 win 500 bucks each, and one lose 1500.  The one that loses cant pay.  You cant find him.  You finally find him but he just wont pay.

College students?  3-5 of them?  You better stick to your homework.

im trying to get input, is that supposed to be a joke, its just an idea i had

first of all im saying to start off then you built a network of people, those 3 to 5 have friends and it grows, sorry bud are you some executive that makes 5 mil a year

Good luck collecting. Your muscle will cost you.

Let me explain the concept of being a bookie - SIZE MATTERS.

Size does several things for you - it diversifies your client base, spreads out volatility, and is a form of self insurance against defaults (stiffs).

With only 5 people, if one goes bad - you could get killed.

If you have never done this, if you have no experience doing this, if you dont know how to move lines and calculate your exposure, if you dont know how to collect from people that dont want to pay you - dont do this.  Would you do surgery tomorrow because you thought performing an appendectomy would be easy money?

the fact that your asking questions means you got no clue and dont belong in that territory.

 

I guess so, so I would've had to been born into some crime family to be an expert at this

bookies are scum bags

for the sake of argument if you're serious, why would you want to start with college students with no real income and all the time in the world to keep track of their fave teams?

true, maybe its a bad idea, but when most gamblers lose money and the casinos are making profits, it sounds juicy

You gonna put out a parlay kid ?

PARLAY CARD

3-5 people makes more sense.

Make sure they are either close friends, or relatives so you can trust them to pay AND you can watch games together after you book the bets.

my buddy just started last year and started with 5 people he set a limit of 100$ to make sure shit didnt get out of hand...now hes got 15 and does fine....its important for you to have a bookie as well in case you just want to push some shit through to him.

and sorry you weren't born into a family of crime

You could sign up WiskyBadgers as one of your first customers He just LOVES paying the extra juice

You'll be the next Calvin Ayre in no time   

start with a pay up front parlay card with crappy odds, if you get interest, open it up to pay up front -110 sides and totals. 

I agree... This is the only way to go to start out! If they wanna play they will pay upfront.

It's easy money as long as you have the capital to sustain some losing weeks. I would start out with the 3-5 people and COLLECT a deposit up front. If they want to gamble bad enough they will do it. If they won't then don't take their business as they're not trustworthy.

Trust me people will gamble at -110. In fact I know a bookie who wins all ties and has a shitload of customers.

A couple tips though. Be prepared at some point to get caught. Will only be a misdemeanor but still a lot of shit to go through. And whatever you do CLAIM YOUR PROFITS on your taxes. It's not taking bets that will get you in a ton of trouble. It's the tax evasion that will ruin your life.

The local I played with back in the 90's had to be paid first before he would take plays.

He disappeared after the Steelers beat The Seahawks in the superbowl.

it may look easy, but you will have bad weeks where everyone wins w/ the favorites, and then it seems in those weeks everyone that lost will stiff you. Some guys when they win want to get paid right away on Monday, then they lose the next week and you can't find 'em. If you take say $10K in action a week total then be prepared to lose $5-8 K in a week as it can and will happen. Most weeks you win but collecting is usually a bitch too.

So you need some serious money behind you, and best thing you can do is only take customers that have money, and that are honorable, or  if they were referred to you by someone you really know and trust. If  a player likes to gamble at a casino, like poker or  blackjack, either keep his limits really low or don't even bother, because if a guy is going to gamble on cards 5 days a week,  he won't likely have money to pay you - this is some of the best advice I  got from a long time bookie.

It is better for a guy getting into this if he is retired with some really good savings, say in his 50's,  w/out young kids, w/out a young whining wifey, as this line of work is not necessarily conducive to a happy home life.