How much do books have at stake for an event??

[ATX]

I'm sure that it varies by each event but I'm curious.

We all risk varying amounts of our bankroll on each game, what percent of their financial backing do sportsbooks have at stake for an avg football game, MNF game, etc.

I dont expect exact figures as that may be confidential, but thoughts?

Also, what kind of stake on other sports?
When I say "at stake" I mean one-sided action (when applicable). For instance, when a MNF game has 70% or more of the volume of money on ONE side, what percentage of their financial backing is being exposed if the public favorite cashes? Obviously parlays, teasers, and other props come into play but I am more interested in straight bets. How much more action does a MNF game recieve than the top five games on Sunday? I guess you see my direction, I hope to hear from as many sources as possible as I'm sure it varies regionally.

Also it would be interesting to hear about foreign (outside of US) sports. I have started work on European football and cricket, very interesting markets.

 

[dimeplayersonly]

ATX.........this thread probably needs to be in the bookmakers forum...........but even there i dont think you will get alot of replies from offshore shops.....most books are very funny about talking figures on games......even in the general sense.....

i can answer your question on "what % of a books financial backing is exposed if 70% of people cash on a mnf game"

none........zero.........nada........

what i mean is this, if a one game decision can have an influence on a books bankroll then they are in serious trouble.....

 

[ATX]

the first answer was pretty much what I expected to hear, and the second answer was what I was hoping to hear. thanks.

 

[dimeplayersonly]

ATX............lol



p.s.

actually the million dollar question to a sportsbook would be..........how much action does it take on one side to move the line??? answer would vary from book to book,

 

[drunkguy]

<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>Originally posted by dimeplayersonly:

actually the million dollar question to a sportsbook would be..........how much action does it take on one side to move the line??? answer would vary from book to book,<HR></BLOCKQUOTE>

Actually starting to think that number is "none" for the majority of books out there. With a few notable exceptions, seems to be lots and lots of moving on air anymore.

 

[dimeplayersonly]

drunkguy...........you are right......question would only be for books that actually booked action..........

 

[ATX]

some of them handicap the bettors and move accordingly.

Dime you knew what I was getting at, but I'm also wondering how much books had at stake as a percentage, for games like that CHI/MIN and other one-sided affairs.

 

[slvrgbln]

i think they play people more than the line. i do. you do see opinions in lines even at the biggest books. the smallest books have opinions as well. people will play themselves out. i don't believe anyone bets just one game a week if they are a player. so they are all over the board. monday night is the a very nice evening for a book. over the haul the chased money will find its self with the sharpest of #s. seen it too many times. i think the books are professionals that know a lick or two by the public makes for a great return over the year. just my opinion.

silver goblin

 

[dimeplayersonly]

ATX.............tampa/atlanta game today


small shops (150) with nickle limit players....40-50k loser easy


offshore big shops...........some third world country's gnp

 

[ATX]

but as a percentage of financial backing?

10%?

5%?

3%?

1%?

20?

obviously they have to be prepared to go through the bad streaks just like a bettor does, but how much did that TB game take away from their assets?

 

[dimeplayersonly]

ATX.........if the tampa game was the only game booked and assuming every player closed thier accounts taking 50k with them
less than 1%

this is the only cut and dry situation in which the book actually had 50k exposer...

im not trying to be a smart-ass.......what i am saying is that the 50k loss isnt a reflective figure on what the book wins or loses for the day....

a books net loss for a week (this is what i look at with a/credit shop) is what would have bearing on a books bankroll

should of said 10% or less......50k loss .....book should have at least 500k or more bankroll

[This message was edited by dimeplayersonly on September 22, 2003 at 12:56 AM.]

 

[ATX]

gotcha,

wow, 10% is a lot. I guess it varies somewhat and they lay some off sometimes, but it all goes somewhere....

plus add in the teasers and parlays and whatever the hell else they offer these days...

I wonder how much they have vested in the Super Bowl. I know that can be a VERY bad time for the fringe books. I know how much it takes to move the line at some books, but others wont budge, and I think it varies by event and by the actual people who bet. A lot of books move when certain people take a certain side, they know who has better #'s.