Do the Books in Antigua Lay off action between Each Other?

[oldmantime]

Or is that a No-No. Or very Rarely happens? Happens fairly regularily or what?

 

[JimFiestSux]

Absolutely, If they don't they are moron's!!

 

[KDOG]

They do.

 

[oldmantime]

It would seem to me that if they do lay off it shows that they're not simply gamblers and is a good sign.

 

[canuck23]

It helps everyone, the books balance, the players, th elines etc etc,

D

 

[Buzzsaw]

I don't know of any that do, maybe SOS. I'm fairly sure WWTS and WSEX don't and more certain that I'tops doesn't.

 

[oldmantime]

Buzz-Why?

 

[Buzzsaw]

Well, WWTS is a publuc company that has huge swings. Their quaterlys never mention hedge trading.

WSEX is not a real high limit shop and not a shop I've heard of ever oweing or being owed by any other books.

I'tops would be crazy to hedge or bet out, way too low of limits.

SOS - maybe. They are pretty sharp and know their clients real well. Plus, being smaller than the above ones, might make sense for them to hedge.

 

[oldmantime]

Ok, What about the books in Costa Rica?

 

[Buzzsaw]

CRIS, Hollywood, Delmar come to mind as clearing houses or risk absorbers. Probably others like Rio as well.

 

[Diarmuid]

SOS Hedged, Eddie Hadeed definitely hedged, and gambled a bit as well on Hockey. WWTS and WSEX did not as far as I am aware. This information is 4 years old though, its four years since I was stuck there

 

[JimFiestSux]

I don't care if its offshore or a local! If an office gets loaded on one side they will move some action elswhere if they are a well managed place! Especially the smaller ones, this is how they stay afloat!

 

[JudgeWapner]

Depends on the size of a shop.Big shops won't layoff.They have the bankroll to absorb big hits.The more a place holds the higher thier earn.Smaller shops will layoff unless they have a death wish.

 

[wilheim]

While most owners or managers bet themselves, that is not the same as laying off, it's unlikely you will ever see a medium sized or larger book lay-off. The real problem with laying off is getting a decent number, a bookmaker can look at a chart and see it's one sided but laying off at a number that will not expose some of the one sided action to a "polish" middle is never easy. Say an NFL game opens -1 and moves to -2.5 forcing xyz book into a lopsided chart on the favorite at every half point increment from -1 to -2.5, how do they lay off the money bet at less than -2.5?


wil.

 

[ivanm]

Most books I know, got big by not laying off and having other books lay off to them. The book has way the best of it getting 11/10. And the book usally has the resources to borrow. Laying off is giving money away. And its fairly hard to layoff sharp money.

 

[THE SHRINK]

Interesting topic...

Great sports books like WSEX NEVER have to lay off. If you are booking the way you should, there is no need for it...

Unfortunately, GREED enters into this equation more often than it should, and some bookies who need to lay off don't do it, and that sometimes ends up being a recipe for disaster...

THE SHRINK

 

[JimFiestSux]

Shrinky,
Who was that you posted under before you changed it?? Was it Scarlett??

 

[THE SHRINK]

Very observant Jim...

I am using her puter now because I am too lazy to go to my office...

Ken

 

[JimFiestSux]

Shrinky, I see almost everything! Oh by the way your name is on the forum across the street! Better get their to defend yourslf buddy!

 

[THE SHRINK]

I am not sure what u mean by across the street, but if it's the place I think u mean, I don't go there anymore...

THE SHRINK