500 clients betting on average 5 games a week at 100 a game=500 x 50 of "profit" for the book maker assuming he has no sub agents.
Obviously you will have some expenses in collecting and will have some debt that is never paid, so let's call it 500 x 40. per week, and that gives you 20k PER WEEK profit.
These are rough numbers, but not that far off, they are based upon players hitting the right side about 45% of the time, which is right in line with what happens.
500 clients, that are good payers is a HUGE book of business.
HUGE.
Obviously you will have some expenses in collecting and will have some debt that is never paid, so let's call it 500 x 40. per week, and that gives you 20k PER WEEK profit.
These are rough numbers, but not that far off, they are based upon players hitting the right side about 45% of the time, which is right in line with what happens.
500 clients, that are good payers is a HUGE book of business.
HUGE.
Players don't hit 45% and variance is obviously big for a book. You are never likely to have a week where you return 4.55%, most likely you will reutrn that over a year or two but short-term your ROI is going to be from anywhere from -20% to 40%
What makes you think players hit 45%? It probably seems like that sometimes but on sides it is around 50.
i say about 300k, dime betters welcome.....have another 200k on deck....500k max needed, 300k to start 200 additional investment,
u gotta factor in the 6 times rollovers and all thats book use, thats helps the book only, n e one can win 1 game, but to win 6 in a row is a lot harder to do, 9 out 10 guys dont, so if u do that math u r on the upside,
the 10 teamer part, i have never hit more than a 4 teamer n i been betting for 8 years, n a 5 teamer once for like 25 bux, whhoo hoo, def not engh to break a book, not sure about u guys but a 10 teamer is 1 in a 10000 to hit, and how much does that guy have on it, 10-100, i dont think the guys betting a dime has a 10 teamer dime parlay now, or do they?
u gotta factor in the 6 times rollovers and all thats book use, thats helps the book only, n e one can win 1 game, but to win 6 in a row is a lot harder to do, 9 out 10 guys dont, so if u do that math u r on the upside,
the 10 teamer part, i have never hit more than a 4 teamer n i been betting for 8 years, n a 5 teamer once for like 25 bux, whhoo hoo, def not engh to break a book, not sure about u guys but a 10 teamer is 1 in a 10000 to hit, and how much does that guy have on it, 10-100, i dont think the guys betting a dime has a 10 teamer dime parlay now, or do they?
Ok, lets say 50%.
500 clients betting 500 a week (5 games at 100 each), is $250,000 bet per week.
$125,000 of that will be on the good side and pay 10% juice, so you gross $12,500 per week. 15% is dead debt (a high number), so you are down to $10,625. it cost you $625 to collect (gas, lunches, cell phone bills, runner fee).
$10,000 net per week, on 500 clients.
500 clients IS HUGE.
My 45% number is taking in to consideration the overall handle when you take into account parlay, teasers,props,ML etc. There is a damn good chance my number is WAY OFF. So we will use your number.
500 clients betting 500 a week (5 games at 100 each), is $250,000 bet per week.
$125,000 of that will be on the good side and pay 10% juice, so you gross $12,500 per week. 15% is dead debt (a high number), so you are down to $10,625. it cost you $625 to collect (gas, lunches, cell phone bills, runner fee).
$10,000 net per week, on 500 clients.
500 clients IS HUGE.
My 45% number is taking in to consideration the overall handle when you take into account parlay, teasers,props,ML etc. There is a damn good chance my number is WAY OFF. So we will use your number.
Yeah 500 clients is a ton, tbh your probably gonna get rolled for a lot more than 15% with that many clients. Also chances of running into law enforcement issues is tough with that many clients. Ideal # of clients is probably around 50 with avg 1 losing about 100 a week on avg (2k bet per week)
I'd say you need to give rebates but squares don't seem to care much about that.
You dont want the big action guys, trust me. this will only get you in trouble in the long run. I know 3 locals back east and if the big action guy sticks you(it will happen trust me), you will be sorry you ever took his action. just talked to a book from back east on the phone last month and he said ever since he got rid of the big action bettors, he is doing fine. take all the $100 and $200 bettors and put a limit on them. You also need a few books(all locals have them) to call off some of your action. They live in Steeler country, so you know why they have to call some of that Steeler action off. I know 3 of them and they all live a good life and all 3 havent worked in past 25 years.
you can open with a small bank as long as you know how to manage, layoff etc. so you don't get hurt. The big test is along the way when a customer beats you for a big amount and you believe you are better off telling him to fuck off, that will catch up to you and you will not be one of the big boys. I have been tested out several times in the last 20 years with some big tests and looking back i'm glad i've always done the right thing. FYI i started with a $3,400 bankroll with 2 other guys, now i'm alone and doing well.
