Gambling Terms: Credit Shop vs. Post-up Book?

[punterpuppy]

General, thanks for posting the glossary of gambling terms.

Two terms I was not able to find in it, however, were 'credit shop' and 'post-up book'. I saw them used recently in an article here on the The Rx; "Clark has since established two sports books. One is a credit shop called Safe Deposit Sports. The other is a post-up book named Sports Betting Trivia.com"

How do these differ from a typical on-line sportsbook?

 

[RPM]

punter,

a post up shop means that you have to deposit money before you can place wagers.

a credit shop means you can place wagers without depositing money, but if you lose you have to pay out.

 

[Angelle]

pretty much the way it sounds...

Post up is where you depoist your money and then you can play with the book..

Credit is like it sounds you play on credit...
(it is a bit more complicated than just playing on credit, but if you have any more questions about it I can answer it)

 

[Comeon!!!!]

On a credit shop, you have an agent who sets up your account, he tells the shop your weekly limit and your wager limit, so you pay or collect from him when you win or lose on a weekly basis (usually). If you want to play more than your agent set you up with, you must contact him in order to get your limit raised.
On a post up book, you open your account yourself sending whatever a mount of money you want via WU or Neteller or credit card, post up books usually offer bonuses and cover some of the fees for the money you send. The wager limits are usually high, and you know you're playing within your means...
On-line sportsbooks usually let you open post-up accounts, but credit shops also have on-line wagering.
Hope that helped!

 

[punterpuppy]

Thanks all for the explanation.

I assume that there is some type of cost or mark-up associated with using a credit shop and/or agent's services. Is that correct?

Would using a credit shop and/or agent be a possible solution to the increasing restrictions on funding mechanisms for American betters, or would the cost/mark-up be prohibitive for those that do not need the credit?

 

[TIGER]

<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>I assume that there is some type of cost or mark-up associated with using a credit shop and/or agent's services. Is that correct?
<HR></BLOCKQUOTE>
Yep, your bones are on the line is you don't pay for your losses!!