What is it about credit wagering that is appealing to the players or books?

TheGeneral+ · May 25, 2003

If one does not have the monies to post-up, then why would a credit line be established? If one was to need credit, doesn't that mean that the financial security is weak and therefore a definate disadvantage to the bookmakers? If a player needs credit, then shouldn't his concern be to solidify his finances instead of getting down on some action?

What are your opinions on credit lines in this business?

Thanks

hamneggs · May 25, 2003

If one does not have the monies to post-up, then why would a credit line be established?

It wouldn't be.

If one was to need credit, doesn't that mean that the financial security is weak and therefore a definate disadvantage to the bookmakers?

QUITE OBVIOUSLY

What are your opinions on credit lines in this business?

Credit is efficient when given to players with MONEY to cover their action.

bigboydan · May 25, 2003

i bet on credit with my local books and doing this i dont have to worry at all about not having enough money in my account when i'm winning a game by like 10 runs in the 9th inning and the other game you want to bet goes in like 2 minutes. no need to worry about missing a game that i like but dont have enough in my account to bet that game

paulajackson · May 25, 2003

technically in the post up situation the players are allowing the books to play on credit. most, if not all of the books don't allow you to review their financial records to see that they have enough in reserve to cover all the post up money.

for example casinos in las vegas are required to keep a certain amount of cash on hand to insure that all patrons get paid upon request. a year or two ago i believe i saw an article where binions horeshoe in vegas had hundreds of slots and video poker machines shut down by the gaming control board because their operating funds had dipped below the required level.

offshore books don't have these strict requirements and rely on the postup money for their operating cash. most post-ups play until they lose it all so the books become complacent
and think that the post-up money is theirs once it gets posted.

bottom line is that the books are the real credits players in the industry and the post-up players are the lenders.

if you have a book that allows you to play on credit then at least you are playing on a level playing field built by a mutual trust. no matter how good you think your post up place is always remember that is what they all said about aces gold before they disappeared overnight.

PanchoSanza · May 25, 2003

Bigboy,

Have yout tried ifbets?

SENDITIN · May 25, 2003

If you don't have the funds to post up, you shouldn't be wagering in the first place. That said, if you do have the funds available, I'd rather be playing on credit through an agent. With all the thieves that permeate this industry, why would you want to send money offshore IF you could play on credit through a local agent? Obviously the agent could be a stiff too, but at least he is closer to being in harms way.