<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>Originally posted by DannyMay:
Bookies done have to pay for
Bonuses
800 number phone calls
Advertising
Website upkeep
Computer Terminals
Many Employees and Managers
Licenses
Recording all phone calls
Reduced Juice
etc<HR></BLOCKQUOTE>
every biz has overhead
Bookies done have to pay for
Bonuses
800 number phone calls
Advertising
Website upkeep
Computer Terminals
Many Employees and Managers
Licenses
Recording all phone calls
Reduced Juice
etc<HR></BLOCKQUOTE>
every biz has overhead
<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>Originally posted by Mud Slide Slim:
<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>Originally posted by DannyMay:
Bookies done have to pay for
Bonuses
800 number phone calls
Advertising
Website upkeep
Computer Terminals
Many Employees and Managers
Licenses
Recording all phone calls
Reduced Juice
etc<HR></BLOCKQUOTE>
every biz has overhead<HR></BLOCKQUOTE>
Mudslide,
How much overhead does a bookie sitting in his living room really have. He has to pay his phone bill. That is all.
<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>Originally posted by DannyMay:
Bookies done have to pay for
Bonuses
800 number phone calls
Advertising
Website upkeep
Computer Terminals
Many Employees and Managers
Licenses
Recording all phone calls
Reduced Juice
etc<HR></BLOCKQUOTE>
every biz has overhead<HR></BLOCKQUOTE>
Mudslide,
How much overhead does a bookie sitting in his living room really have. He has to pay his phone bill. That is all.
If you make a $1000 deposit at 15% bonus, your account is $1150, but the book only gets maybe $800.
$1000 deposit
- Referral fee either to the rx, mw or your friend
- transfer fees which are paid by the book on $1000 deposits.
= maybe $800
You have a $1150 balance and they only got $800 and they still have all those bills mentioned above to pay for.
$1000 deposit
- Referral fee either to the rx, mw or your friend
- transfer fees which are paid by the book on $1000 deposits.
= maybe $800
You have a $1150 balance and they only got $800 and they still have all those bills mentioned above to pay for.
<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>Originally posted by Mud Slide Slim:
<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>Mudslide,
How much overhead does a bookie sitting in his living room really have. He has to pay his phone bill. That is all.<HR></BLOCKQUOTE>
you did a good job of listing them<HR></BLOCKQUOTE>
A traditional bookie doesnt pay any of those bills. He doesnt give bonuses, have a free 800 number, record calls, pay transfer fees, have a staff, etc. The traditional bookie had virtually no overhead. He took local phone calls and wrote the bets down on paper. When me and my buddy went out of the city and needed to call in plays, we paid the long distance charges.
<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>Mudslide,
How much overhead does a bookie sitting in his living room really have. He has to pay his phone bill. That is all.<HR></BLOCKQUOTE>
you did a good job of listing them<HR></BLOCKQUOTE>
A traditional bookie doesnt pay any of those bills. He doesnt give bonuses, have a free 800 number, record calls, pay transfer fees, have a staff, etc. The traditional bookie had virtually no overhead. He took local phone calls and wrote the bets down on paper. When me and my buddy went out of the city and needed to call in plays, we paid the long distance charges.
<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>A traditional bookie doesnt pay any of those bills. He doesnt give bonuses, have a free 800 number, record calls, pay transfer fees, have a staff, etc. The traditional bookie had virtually no overhead. He took local phone calls and wrote the bets down on paper. When me and my buddy went out of the city and needed to call in plays, we paid the long distance charges.<HR></BLOCKQUOTE>
a smart local these days will put his sharps on a sheet and collect a % but will keep the squares
a smart local these days will put his sharps on a sheet and collect a % but will keep the squares
And they also have to deal with the wave of hackers using denial of service attacks and requestin money to stop.
That sounds like the movies when a guy pays the maffia a fee to be "protected".
A lot of books on CR has been attacked by this guys asking like $80.000 to stop, imagine how much money they get.
That sounds like the movies when a guy pays the maffia a fee to be "protected".
A lot of books on CR has been attacked by this guys asking like $80.000 to stop, imagine how much money they get.
SHERMAN............good question especially for offshore post-ups............
i mean the main factor in bookmaking is already there...getting paid when the player loses.......
thats right, the player posts the money up..........so not getting paid isnt an option.........something that credit shops have to deal with........
the local bookmaker that MUD SLIDE SLIM and DANNYMAY describe are gone....
running a successfull shop requires attention to detail and proper management......
1. advertising
2. staff
3. expenses
4. license fees
ect..........
all fall under proper management...... people with degrees are available in those areas....find someone who specializes in those areas..........
those areas are actually the easiest to control, because these
are elements that ALL business owners anywhere in the world have to deal with........
so imo.......those factors shouldnt contribute to a books failure.........
failure of a sportsbook happens from poor bookmaking......period
short bankroll
too much sharp action
slow lines
bonuses
scammers
limits too high
anything that has to do with preparing for and accepting wagers on an event .........is the biggest variable......
why would anyone want to open up a post-up shop offshore nowadays?????????
either insane or wants to lose every penny they have comes to mind.............
the main clients you will get are scalpers and sharps..........
then along come the scammers and hackers.........
i mean the main factor in bookmaking is already there...getting paid when the player loses.......
thats right, the player posts the money up..........so not getting paid isnt an option.........something that credit shops have to deal with........
the local bookmaker that MUD SLIDE SLIM and DANNYMAY describe are gone....
running a successfull shop requires attention to detail and proper management......
1. advertising
2. staff
3. expenses
4. license fees
ect..........
all fall under proper management...... people with degrees are available in those areas....find someone who specializes in those areas..........
those areas are actually the easiest to control, because these
are elements that ALL business owners anywhere in the world have to deal with........
so imo.......those factors shouldnt contribute to a books failure.........
failure of a sportsbook happens from poor bookmaking......period
short bankroll
too much sharp action
slow lines
bonuses
scammers
limits too high
anything that has to do with preparing for and accepting wagers on an event .........is the biggest variable......
why would anyone want to open up a post-up shop offshore nowadays?????????
either insane or wants to lose every penny they have comes to mind.............
the main clients you will get are scalpers and sharps..........
then along come the scammers and hackers.........
Excuse my ignorance, but since I have joined this forum I keep hearing about SHARPS? I take this to mean guys that REALLY know what they are doing?
What I don't understand is why this is a problem to sportsbooks. It's not like they have a crystal ball and hit all their bets! Can someone clue me in....
What I don't understand is why this is a problem to sportsbooks. It's not like they have a crystal ball and hit all their bets! Can someone clue me in....
