How many books dip into the post up money?

[deadon]

If all the customers would pull out all their money from a post up shop how many would be out of buisness,because i think a lot of them start the buisness with a small capital

 

[PatrickMcIrish]

Hate to say it but my opinion is A LOT OF THEM dip into the post up money. Once they recieve it they feel it is their money.

Certainly not all of them but I have a feelng the number is very high.

 

[deadon]

Thanks for not tossing my topic out Patrick

 

[jjgold]

lots of them and they usually blow our money on hookers and booze.

 

[Fishhead]

Put yourselves in the postition of a sportsbook operater and ask yourselves....."What would I do with $200,000--3.5 million in post-up money?"

 

[winbet]

Post up money is not ring fenced. It becomes part of the companys working capital.

 

[Fishhead]

<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>Originally posted by winbet:
Post up money is not ring fenced. It becomes part of the companys working capital.<HR></BLOCKQUOTE>

Vast majority of the time I would say.

 

[Seven]

95% of them.

 

[TheGeneral+]

It's to sad to imagine, but so many go into it knowing the easy way out.

 

[BetGrande]

SEVEN, I guess that puts GRANDE in the other 5%.

 

[sickgambler]

Of course they all dip into the post up money. If a book owes out to players 150 dimes, and there are 600 dimes in post up money, why would that book run to their bank and take money out of their bankroll, when all they have to do is click a few buttons on NETeller, and just like that, their 600 dimes in post up, is now 450 dimes. BIG DEAL!! I know the mentality of bookies, they will dip into post up, then say, ahh, we'll make it back, we can't lose. I'll dip into the post up for now to get me out of a hole, and hopefully, we will win it back and won't have to worry about it later on. Why go through all that trouble now, when it's that easy to just dip into the post up money. Much less work involved too.

 

[BetGrande]

This being our 14th football season we don't need to use players funds to run our operation. Sickgambler you have played here and should know this.

 

[ericdixon]

My guess is all of them do at one point or another!

 

[THE SHRINK]

Just as your bank dips into your deposits, virtually all sports books dip into your post ups...

This only becomes a problem when the sports book isn't well financed...

THE SHRINK

 

[SENDITIN]

Poor analogy Shrink...bank deposits are FDIC insured...BIG difference.

 

[JoeyC]

90+ % do.

 

[sponge]

90% might be a little short....more like 98% I hate to say this....besides the "great books" The only other books that can be 100% garunteed to have 100% of the post up money, are those books in wich their financials are audited. Sportingbet has 100% of players post up money....as I am sure does ladbrokes, William Hill and the publicly traded Aussie books. Like I said, besides these books....maybe a handful at best have 100%of players post up money sitting seperate.

 

[Dante]

<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>Originally posted by SENDITIN:
Poor analogy Shrink...bank deposits are FDIC insured...BIG difference.<HR></BLOCKQUOTE>

good point sendtin....banks are different but who is running the book is the biggest factor if it is going to go into postup money IMO

 

[VG789]

Never hold much money at a book,one stiff can cost you 3 winning years.

 

[gambler1]

VG789,Doesn't it depend on what book your $$ is at? I mean if it's a newer book in business say 5 years or less i see your point, but i have 2 accounts funded now 1 at Olympic 1 at Grande with 5 figures in them and i sleep like a baby at nite.