Degenerate, Inc.: The Paranoid and Obsessive Life of a Mid-Level Bookie

Search

Member
Joined
Jul 4, 2012
Messages
23,809
Tokens
Northwestern was down 34-30 to Ohio State when they lined up on their own 8-yard-line with just enough time for one final desperate play to beat the Buckeyes on Oct. 5. It was a nationally televised back-and-forth matchup of two previously unbeaten teams, but people who put money on the Buckeyes were not celebrating: Vegas set the line at seven points, so the impending four-point victory after the final play would mean they'd lose their money.

So-Sorry-935&

Good article!
 

I need a new drug!
Joined
Sep 21, 2004
Messages
1,587
Tokens
Good article - the guy must tech up.

Back when I did it I made huge mistakes:
Never changed lines, in fact used the morning line from the daily paper and allowed players to leave voice-mail msgs with there plays
didn't limit anyone.
didn't layoff any plays
 
Joined
Jan 4, 2013
Messages
548
Tokens
Not laying off plays is not a mistake... as long as you're properly funded... I can expand on this is need be.


These guys need a good PPH shop... get with the times.
 

New member
Joined
Oct 18, 2011
Messages
2,486
Tokens
I think managing what you can handle is important and laying off is fine - just live with the results.
 

Member
Joined
Mar 2, 2006
Messages
12,822
Tokens
Good read. So how much of a BR would someone taking action need to start out with 10 people. And what limit would you set per play.
 

I need a new drug!
Joined
Sep 21, 2004
Messages
1,587
Tokens
Good read. So how much of a BR would someone taking action need to start out with 10 people. And what limit would you set per play.
Hard to say. I had almost no bankroll as i was just figuring most gamblers are just losers (another one of my mistakes). You would have to start small on limits and make changes based on getting to know your people. There will always be non-payers just part of the business as well as bookies that like myself that go out of business and stiff everyone at the end. Those 10 people would grow really fast as the article stated friends of friends and etc... doesn't take much work to grow the business but it is a lot of work and you do need to stay on top of things and manage well. I still run a small parlay card operation and have very little risk involved and have many options on how to play those bets mostly placing them online at better odds than I am giving.
 

Forum statistics

Threads
1,119,473
Messages
13,568,662
Members
100,801
Latest member
ps5repairs
The RX is the sports betting industry's leading information portal for bonuses, picks, and sportsbook reviews. Find the best deals offered by a sportsbook in your state and browse our free picks section.FacebookTwitterInstagramContact Usforum@therx.com