Do bookie's lose money?
oh he isnt doing everything correctly. parlays and teasers are a bookies best friend. why would you take straight wagers only.
oh he isnt doing everything correctly. parlays and teasers are a bookies best friend. why would you take straight wagers only.
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.
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.
This is all hypothetical of course..
A person loses a lot of money to online sports books and this person's local guy. He then decides to take action from close friends and some others. In four weeks he gets cleaned out for 4k. Usually a bad weekend would be -500. He's doing everything "correctly" (i.e. charging 10 cents on the dollar, taking straight wagers only, game and halftime lines, etc.)
You have to make sure your clients are not all betting the same lines or you could continue to lose on a daily/weekly/monthly basis.
If you come to a point where you clients are over betting the same lines lock that game off In turn increases your odds with other games and overall payouts. Other than that you are just making a gamble yourself betting the opposite team instead of collecting that per say 10cent on the dollar
What would you do?
A. Stop
B. Continue
C. Other
PS - 50% are known degen's. The other 50% never wagered on a game in their entire life.
This is all hypothetical of course..
A person loses a lot of money to online sports books and this person's local guy. He then decides to take action from close friends and some others. In four weeks he gets cleaned out for 4k. Usually a bad weekend would be -500. He's doing everything "correctly" (i.e. charging 10 cents on the dollar, taking straight wagers only, game and halftime lines, etc.)
You have to make sure your clients are not all betting the same lines or you could continue to lose on a daily/weekly/monthly basis.
If you come to a point where you clients are over betting the same lines lock that game off In turn increases your odds with other games and overall payouts. Other than that you are just making a gamble yourself betting the opposite team instead of collecting that per say 10cent on the dollar
What would you do?
A. Stop
B. Continue
C. Other
PS - 50% are known degen's. The other 50% never wagered on a game in their entire life.
Only if they are greedy. There is a solid code among the best in the business and if they follow it strictly with no deviations, they never lose.
Losing weeks --yes
Losing months---no or very seldom
Losing years---never
Only if they are greedy. There is a solid code among the best in the business and if they follow it strictly with no deviations, they never lose.
Losing weeks --yes
Losing months---no or very seldom
Losing years---never
lightsout,
you are moronic if you are claiming that a bookie is not hoping for near equal action on the games. Why in the hell do you think spreads are created? To lure people into betting evenly on the matchup.
Take this as an example:
Bookie takes 100 bets on Monday Night Football game. Colts vs. Patriots, Patriots favored by 3. It is a bookie/sportsbooks nightmare if 85 people take the Patriots. They don't want to lose all of that money. By getting more even bets, the bookie is going to make money no matter what.
If you're bookie would rather take the 85-15 spread, then I would deem him an ignorant person...
lightsout,
you are moronic if you are claiming that a bookie is not hoping for near equal action on the games. Why in the hell do you think spreads are created? To lure people into betting evenly on the matchup.
Take this as an example:
Bookie takes 100 bets on Monday Night Football game. Colts vs. Patriots, Patriots favored by 3. It is a bookie/sportsbooks nightmare if 85 people take the Patriots. They don't want to lose all of that money. By getting more even bets, the bookie is going to make money no matter what.
If you're bookie would rather take the 85-15 spread, then I would deem him an ignorant person...
Only if they are greedy. There is a solid code among the best in the business and if they follow it strictly with no deviations, they never lose.
Losing weeks --yes
Losing months---no or very seldom
Losing years---never
Only if they are greedy. There is a solid code among the best in the business and if they follow it strictly with no deviations, they never lose.
Losing weeks --yes
Losing months---no or very seldom
Losing years---never
I said a " sharp bookie". A sharp bookie #1- is not greedy #2- follows the code that has been handed down over the years by the best of the best #3- he can spot a sharp bettor early on and alter his rules of engagement by limiting this players action amounts. Blah blah blah.
There are 50 other reasons a "sharp bookie' will not be beaten by anyone consistently.
I said a " sharp bookie". A sharp bookie #1- is not greedy #2- follows the code that has been handed down over the years by the best of the best #3- he can spot a sharp bettor early on and alter his rules of engagement by limiting this players action amounts. Blah blah blah.
There are 50 other reasons a "sharp bookie' will not be beaten by anyone consistently.
This is all hypothetical of course..
A person loses a lot of money to online sports books and this person's local guy. He then decides to take action from close friends and some others. In four weeks he gets cleaned out for 4k. Usually a bad weekend would be -500. He's doing everything "correctly" (i.e. charging 10 cents on the dollar, taking straight wagers only, game and halftime lines, etc.)
What would you do?
A. Stop
B. Continue
C. Other
PS - 50% are known degen's. The other 50% never wagered on a game in their entire life.
This is all hypothetical of course..
A person loses a lot of money to online sports books and this person's local guy. He then decides to take action from close friends and some others. In four weeks he gets cleaned out for 4k. Usually a bad weekend would be -500. He's doing everything "correctly" (i.e. charging 10 cents on the dollar, taking straight wagers only, game and halftime lines, etc.)
What would you do?
A. Stop
B. Continue
C. Other
PS - 50% are known degen's. The other 50% never wagered on a game in their entire life.
My sentiments EXACTLY...A year before Donaghy was busted I posted that there was a Las Vegas Bookie connection to Spurs vs Suns playoff foul calls and was chastised off the boards for suggesting this theory yet and Bookmakers don't go out of business the simply change their names..but then again..
Everybody Know Vegas Was Built By Winners....DOH
My sentiments EXACTLY...A year before Donaghy was busted I posted that there was a Las Vegas Bookie connection to Spurs vs Suns playoff foul calls and was chastised off the boards for suggesting this theory yet and Bookmakers don't go out of business the simply change their names..but then again..
Everybody Know Vegas Was Built By Winners....DOH
lightsout,
you are moronic if you are claiming that a bookie is not hoping for near equal action on the games. Why in the hell do you think spreads are created? To lure people into betting evenly on the matchup.
Take this as an example:
Bookie takes 100 bets on Monday Night Football game. Colts vs. Patriots, Patriots favored by 3. It is a bookie/sportsbooks nightmare if 85 people take the Patriots. They don't want to lose all of that money. By getting more even bets, the bookie is going to make money no matter what.
If you're bookie would rather take the 85-15 spread, then I would deem him an ignorant person...
bookies have the statistical edge, and they are very greedy, if they have good odds in their favor they will let a uneven spread ride out if all the money is going to a side that statistacally will not cover.
lightsout,
you are moronic if you are claiming that a bookie is not hoping for near equal action on the games. Why in the hell do you think spreads are created? To lure people into betting evenly on the matchup.
Take this as an example:
Bookie takes 100 bets on Monday Night Football game. Colts vs. Patriots, Patriots favored by 3. It is a bookie/sportsbooks nightmare if 85 people take the Patriots. They don't want to lose all of that money. By getting more even bets, the bookie is going to make money no matter what.
If you're bookie would rather take the 85-15 spread, then I would deem him an ignorant person...
bookies have the statistical edge, and they are very greedy, if they have good odds in their favor they will let a uneven spread ride out if all the money is going to a side that statistacally will not cover.
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