But it is interesting to hear that a known guest can bet 100K, away from the M.
Maybe vegas is finally getting a clue. Why would they ignore a huge market that is largely unserviced because it has become harder and harder to bet offshore? They should take on all comers. How can a book NOT make money taking huge juice?
Hit me up on PM sometime and I will get you some info... I know they lose alot but it seems to even out from what they tell me. But I know for a 100% fact that they have been allowed to bet very big. It makes me sick sometimes to here some of the stories they tell but I know them and they are not full of shit. Just as I was stating in another thread... one of these brothers was a worker at McDonalds before they hit it big. I guess construction and concrete work pay very big
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Quote Originally Posted by vanzack:
But it is interesting to hear that a known guest can bet 100K, away from the M.
Maybe vegas is finally getting a clue. Why would they ignore a huge market that is largely unserviced because it has become harder and harder to bet offshore? They should take on all comers. How can a book NOT make money taking huge juice?
Hit me up on PM sometime and I will get you some info... I know they lose alot but it seems to even out from what they tell me. But I know for a 100% fact that they have been allowed to bet very big. It makes me sick sometimes to here some of the stories they tell but I know them and they are not full of shit. Just as I was stating in another thread... one of these brothers was a worker at McDonalds before they hit it big. I guess construction and concrete work pay very big
And to answer your question--- YES it would seem smart to open up to all comers since the offshore has gone to shit. But the only question I would have is : If you open yourself up then how much is too much? What would be a safe betting limit to not get yourself hit my some multibillionaire who is coked up one night and just says screw it? I know that is streching it but seriously "What would be a good betting limit to not have your whole business at risk" ????
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And to answer your question--- YES it would seem smart to open up to all comers since the offshore has gone to shit. But the only question I would have is : If you open yourself up then how much is too much? What would be a safe betting limit to not get yourself hit my some multibillionaire who is coked up one night and just says screw it? I know that is streching it but seriously "What would be a good betting limit to not have your whole business at risk" ????
And to answer your question--- YES it would seem smart to open up to all comers since the offshore has gone to shit. But the only question I would have is : If you open yourself up then how much is too much? What would be a safe betting limit to not get yourself hit my some multibillionaire who is coked up one night and just says screw it? I know that is streching it but seriously "What would be a good betting limit to not have your whole business at risk" ????
Well, considering that these casinos are owned by big corporations, Im not so sure what the difference is between taking a 500K wager on a football game when you wil take a 500K wager on a blackjack, baccarat, or craps table. In fact, the 10% juice or roughly 4.5% house hold is probably better than all of those other games.
And I dont think 500K at a time would put a ding in Harrahs quarterly numbers either.... . But I could be wrong. I just dont know why they dont have confidence in the longterm profit model of a sportsbook. They must have been burned pre-internet days - but now I cant see how you could possibly not make money in a vegas 10% sportsbook. Im hoping that they are starting to see the light, and the added protection of the internet information and offshore books.....
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Quote Originally Posted by superbeets:
And to answer your question--- YES it would seem smart to open up to all comers since the offshore has gone to shit. But the only question I would have is : If you open yourself up then how much is too much? What would be a safe betting limit to not get yourself hit my some multibillionaire who is coked up one night and just says screw it? I know that is streching it but seriously "What would be a good betting limit to not have your whole business at risk" ????
Well, considering that these casinos are owned by big corporations, Im not so sure what the difference is between taking a 500K wager on a football game when you wil take a 500K wager on a blackjack, baccarat, or craps table. In fact, the 10% juice or roughly 4.5% house hold is probably better than all of those other games.
And I dont think 500K at a time would put a ding in Harrahs quarterly numbers either.... . But I could be wrong. I just dont know why they dont have confidence in the longterm profit model of a sportsbook. They must have been burned pre-internet days - but now I cant see how you could possibly not make money in a vegas 10% sportsbook. Im hoping that they are starting to see the light, and the added protection of the internet information and offshore books.....
Well, considering that these casinos are owned by big corporations, Im not so sure what the difference is between taking a 500K wager on a football game when you wil take a 500K wager on a blackjack, baccarat, or craps table. In fact, the 10% juice or roughly 4.5% house hold is probably better than all of those other games.
And I dont think 500K at a time would put a ding in Harrahs quarterly numbers either.... . But I could be wrong. I just dont know why they dont have confidence in the longterm profit model of a sportsbook. They must have been burned pre-internet days - but now I cant see how you could possibly not make money in a vegas 10% sportsbook. Im hoping that they are starting to see the light, and the added protection of the internet information and offshore books.....
you make some very valid points....... Ive thought the same thing over and over. Seems sportsbetting (taking not playing) would give you much better odds over the "LONG HAUL".... With deep pockets you can overcome alot more than the average joe..
Just with the BILLY story... do the math.... he says he a lifetime 57% hitter... well if you are playing that much then juice would add up IMO....
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Quote Originally Posted by vanzack:
Well, considering that these casinos are owned by big corporations, Im not so sure what the difference is between taking a 500K wager on a football game when you wil take a 500K wager on a blackjack, baccarat, or craps table. In fact, the 10% juice or roughly 4.5% house hold is probably better than all of those other games.
And I dont think 500K at a time would put a ding in Harrahs quarterly numbers either.... . But I could be wrong. I just dont know why they dont have confidence in the longterm profit model of a sportsbook. They must have been burned pre-internet days - but now I cant see how you could possibly not make money in a vegas 10% sportsbook. Im hoping that they are starting to see the light, and the added protection of the internet information and offshore books.....
you make some very valid points....... Ive thought the same thing over and over. Seems sportsbetting (taking not playing) would give you much better odds over the "LONG HAUL".... With deep pockets you can overcome alot more than the average joe..
Just with the BILLY story... do the math.... he says he a lifetime 57% hitter... well if you are playing that much then juice would add up IMO....
live in vegas and have seen floyd come into the M with a bag of cash i have seen him bet well over 250 k more then once
i doubt the M would turn down a bet unlike most strip books who cant risk the hit ahh for the old days
If someone cares to google you will find an article I think in LVRJ about Walters using guys like mayweather to get down in sports last year. Until word got out. Walters is not named but there is a veiled reference to his golf courses .
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Quote Originally Posted by vegasslim:
live in vegas and have seen floyd come into the M with a bag of cash i have seen him bet well over 250 k more then once
i doubt the M would turn down a bet unlike most strip books who cant risk the hit ahh for the old days
If someone cares to google you will find an article I think in LVRJ about Walters using guys like mayweather to get down in sports last year. Until word got out. Walters is not named but there is a veiled reference to his golf courses .
Vegas books should just start subletting the sportsbooks to book makers that want heavy action.
Its a no lose situation for the casino.
thats the problem the big corporate owned books dont want to take the hit the small guys like the M want the action cantor gaming is getting bigger here and i love in running wagering but i hope they dont get sobig they dont take the big bets
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Quote Originally Posted by pezeveng:
Vegas books should just start subletting the sportsbooks to book makers that want heavy action.
Its a no lose situation for the casino.
thats the problem the big corporate owned books dont want to take the hit the small guys like the M want the action cantor gaming is getting bigger here and i love in running wagering but i hope they dont get sobig they dont take the big bets
I work there, this is false. The biggest bet in the last 5 years at MGM was taken on the Patriots ML against the Giants for 440k.
Shit; that would have sucked to have been that guy
Really though, with the exception of very few people, I'd think the amount of times these casinos get this kind of action ($100,000+ / single bet) is pretty limited.
Of course I could be wrong... but most people simply don't have that kind of $$ to gamble, unless they're millionaires.
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Quote Originally Posted by VegasGenius:
I work there, this is false. The biggest bet in the last 5 years at MGM was taken on the Patriots ML against the Giants for 440k.
Shit; that would have sucked to have been that guy
Really though, with the exception of very few people, I'd think the amount of times these casinos get this kind of action ($100,000+ / single bet) is pretty limited.
Of course I could be wrong... but most people simply don't have that kind of $$ to gamble, unless they're millionaires.
I took a screen shot on my TIVO when the computer screen he was looking at is up. I wish I knew how to get it on a computer from my TIVO, but I dont. You can go to exactly 3:20 of the linked video.
Anyway, it is a CONFIGURABLE Don Best screen. Guess which books he CHOOSES to have on his screen?
In order:
Cris Greek Grande Just Bet Pinnacle Mirage Jazz Matchbook Coast CNeva Hilton Caesars Badlands
Seems to me, that is pretty telling of where he is betting.
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I took a screen shot on my TIVO when the computer screen he was looking at is up. I wish I knew how to get it on a computer from my TIVO, but I dont. You can go to exactly 3:20 of the linked video.
Anyway, it is a CONFIGURABLE Don Best screen. Guess which books he CHOOSES to have on his screen?
In order:
Cris Greek Grande Just Bet Pinnacle Mirage Jazz Matchbook Coast CNeva Hilton Caesars Badlands
Seems to me, that is pretty telling of where he is betting.
Didn't Phil Ivey bet a million on Colts ML last year in the Superbowl? I'm positive I read this from a reputable source but just can't remember what or where.
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Didn't Phil Ivey bet a million on Colts ML last year in the Superbowl? I'm positive I read this from a reputable source but just can't remember what or where.
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