I can tell you havent been around too long. I am not going to call out sportsbooks but I know so many that couldnt rub two nickels together, now me and you couldnt count their money, and you can take that to the bank too. you too young I can tell by your comments. I use to work for bookies where we let them bet out the latest line in the newspaper, I am sure that was way before your time. I know alot of betters that win for a living and I also know alot of bookies that cant count their. thats what makes the world go around believe whatever you wish. but dont ever doubt if a new credit book opens tomorrow that he wont make it. I wouldnt bet that.valueman said:
With the wealth of information available over the internet these days there are a lot of sharps out there.
The best way to make money booking is to just run parlay cards thru the local bars and bowling alleys and only pay 5-1 on 3-teamers ect, ect on down the line. No 2-team parlays allowed and all ties lose. Round the line to the whole number.
The best way to make money booking is to just run parlay cards thru the local bars and bowling alleys and only pay 5-1 on 3-teamers ect, ect on down the line. No 2-team parlays allowed and all ties lose. Round the line to the whole number.
Originally posted by Rainbow
"I can tell you havent been around too long. I am not going to call out sportsbooks but I know so many that couldnt rub two nickels together, now me and you couldnt count their money, and you can take that to the bank too. you too young I can tell by your comments. I use to work for bookies where we let them bet out the latest line in the newspaper, I am sure that was way before your time. I know alot of betters that win for a living and I also know alot of bookies that cant count their. thats what makes the world go around believe whatever you wish. but dont ever doubt if a new credit book opens tomorrow that he wont make it. I wouldnt bet that"
Firstly I am 37 been involved in Sports betting industry for 16 years having been a licensed cash sports betting owner in the UK, Senior risk-manager for online book, head of operations and a director of north american operations so I think I have a "bit" more experience and knowledge to make comments with a bit of substance.
Have you ever considered the costs in running a sportsbook?
1 - Staff - good risk managers are hard to find.
2 - Licences
3 - Information feeds
4 - Support staff - call centre, IT staff etc
5 - banking charges
6 - Costs absorbed by sportsbooks from Neteller etc
7 - Marketing
8 - Costs involved in establishing who the sharps are.
It is not easy to make money but a well run organisation can do it if operating good procedures and with the right people on board.
I would gesture to say that if you tried you wouldn't have thise two nickels to rub together either.
"I can tell you havent been around too long. I am not going to call out sportsbooks but I know so many that couldnt rub two nickels together, now me and you couldnt count their money, and you can take that to the bank too. you too young I can tell by your comments. I use to work for bookies where we let them bet out the latest line in the newspaper, I am sure that was way before your time. I know alot of betters that win for a living and I also know alot of bookies that cant count their. thats what makes the world go around believe whatever you wish. but dont ever doubt if a new credit book opens tomorrow that he wont make it. I wouldnt bet that"
Firstly I am 37 been involved in Sports betting industry for 16 years having been a licensed cash sports betting owner in the UK, Senior risk-manager for online book, head of operations and a director of north american operations so I think I have a "bit" more experience and knowledge to make comments with a bit of substance.
Have you ever considered the costs in running a sportsbook?
1 - Staff - good risk managers are hard to find.
2 - Licences
3 - Information feeds
4 - Support staff - call centre, IT staff etc
5 - banking charges
6 - Costs absorbed by sportsbooks from Neteller etc
7 - Marketing
8 - Costs involved in establishing who the sharps are.
It is not easy to make money but a well run organisation can do it if operating good procedures and with the right people on board.
I would gesture to say that if you tried you wouldn't have thise two nickels to rub together either.
The whole key to this is having a good name. Agents are easy to get. the over head is no where near what you think. you definetely dont need no marketing coming out the gate in a credit shop. I think you are confused with post ups, I agree post ups would cost alot of money, plus its too much competition out there and you would defintely need the right people in the marketing. my closing ARGUEMENT is I still dont see once an office gets setup how they go broke, because being honest I have never worked for 1 bookie in my entire life that didnt win. its a matter of how much we win every year. I am not going to start no world war 3 but I promise you what I am saying is all true.
