I need a little advice from all the fellas here at covers......
I am a runner for my friend's sportswebsite (for those that dont know what a runner is, its the guy who gets clients and collects money every week) but I DONT have to pay out if my guys win. So basically its a win win.
Currently I receive 10 % of what my guys lose. This is my first time doing this so I dont know if this is a the going rate.
What do you guys think ?????
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To remove first post, remove entire topic.
I need a little advice from all the fellas here at covers......
I am a runner for my friend's sportswebsite (for those that dont know what a runner is, its the guy who gets clients and collects money every week) but I DONT have to pay out if my guys win. So basically its a win win.
Currently I receive 10 % of what my guys lose. This is my first time doing this so I dont know if this is a the going rate.
your working on 10 pct. commission. thats the normal rate for turning your book over. you could always negotiate a higher rate based on the volume of action, if the money is good, if you have players that come up late or even dont pay at all then the book is worth nothing. if you have guys betting lots of parlays and teasers, then the value of the book goes up. but ten percent in my opinion is close to crap. what kind of number do you turn in? volume for the week, total action?
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your working on 10 pct. commission. thats the normal rate for turning your book over. you could always negotiate a higher rate based on the volume of action, if the money is good, if you have players that come up late or even dont pay at all then the book is worth nothing. if you have guys betting lots of parlays and teasers, then the value of the book goes up. but ten percent in my opinion is close to crap. what kind of number do you turn in? volume for the week, total action?
I have a lot of experience in the area.. These are three things you need to do to make yourself very successful.
1.) When you target a consistently losing bettor, always console him, tell him that next week will be better. Mention you've been there a million times and that shit will change.
2.) If yer guys are short, be friendly about it. I've left several bookies that busted my nuts cuz I was $200 light on a weeks payment. Fuck that, this is where the gravy is. If you bust yer guys chops, he'll move on somewhere else.
3.) And most IMPORTANTLY. Choose your clients wisely, because you are obviously responsible and the end of day. I knew a few runners who set their clients betting limits WAY too high, and after buddy went down 10g's, they couldn't pay. Now that's on you. Gage each cat differently. They are working on credit I would assume, so if someone tells you that they have lots of cash and they are a good bettor, tell them that all they have to do is win the first two bets, and they'll have all the credit in the world to play with. For your 15% or 10% in your case, you are basically vouching that you can collect. If you have to result to other methods of payment, then my first two points are moot. Stick to pt 3, and you'll be just fine. Collecting a grand a week to drive around and answer txt mails, set limits, close accounts, meet in shitty spots will be no problem for a no risk job.
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I have a lot of experience in the area.. These are three things you need to do to make yourself very successful.
1.) When you target a consistently losing bettor, always console him, tell him that next week will be better. Mention you've been there a million times and that shit will change.
2.) If yer guys are short, be friendly about it. I've left several bookies that busted my nuts cuz I was $200 light on a weeks payment. Fuck that, this is where the gravy is. If you bust yer guys chops, he'll move on somewhere else.
3.) And most IMPORTANTLY. Choose your clients wisely, because you are obviously responsible and the end of day. I knew a few runners who set their clients betting limits WAY too high, and after buddy went down 10g's, they couldn't pay. Now that's on you. Gage each cat differently. They are working on credit I would assume, so if someone tells you that they have lots of cash and they are a good bettor, tell them that all they have to do is win the first two bets, and they'll have all the credit in the world to play with. For your 15% or 10% in your case, you are basically vouching that you can collect. If you have to result to other methods of payment, then my first two points are moot. Stick to pt 3, and you'll be just fine. Collecting a grand a week to drive around and answer txt mails, set limits, close accounts, meet in shitty spots will be no problem for a no risk job.
i disagree with No. 1 yea keep patting him on the back so he comes back for more , next thing you know he goes way over his head cause he thought" things would change" so now he's down too much and cant pay a single dime, he holds you responsible for telling him he'll be ok and things change, when you already got him short in his pockets. bad advise cuz. and you cant always gage No. 3 people change, money changes, financial situations change, good players turn bad, get into divorces, child support, you can't always tell from year to year if a player is dependable. so choosing your players is one thing, but keeping up on their financial and personal situation is also important.
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i disagree with No. 1 yea keep patting him on the back so he comes back for more , next thing you know he goes way over his head cause he thought" things would change" so now he's down too much and cant pay a single dime, he holds you responsible for telling him he'll be ok and things change, when you already got him short in his pockets. bad advise cuz. and you cant always gage No. 3 people change, money changes, financial situations change, good players turn bad, get into divorces, child support, you can't always tell from year to year if a player is dependable. so choosing your players is one thing, but keeping up on their financial and personal situation is also important.
purple gold, here's what you need to do. get on the phones yourself, chart all your action and call off any over money, collect 10 pct. on all your over action. suppose you got a guy who bets 500 on team A and another bets 500 on team B now your bookie dude collects 50 from the juice and if your guys lose for the week you will get 5 dollars from that one scenario. but if your guys win for the week you get nothing. if you booked it you would get the 50 no matter what the rest of your book did.
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purple gold, here's what you need to do. get on the phones yourself, chart all your action and call off any over money, collect 10 pct. on all your over action. suppose you got a guy who bets 500 on team A and another bets 500 on team B now your bookie dude collects 50 from the juice and if your guys lose for the week you will get 5 dollars from that one scenario. but if your guys win for the week you get nothing. if you booked it you would get the 50 no matter what the rest of your book did.
What sounds alot more fair to me is 20%, and make sure you get your own account with a 20% kickback too! You will never believe how helpful this can be for your profits, especially if you are doing it with a good book that has good numbers, it can work as an amazing juice reducer
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What sounds alot more fair to me is 20%, and make sure you get your own account with a 20% kickback too! You will never believe how helpful this can be for your profits, especially if you are doing it with a good book that has good numbers, it can work as an amazing juice reducer
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