I already posted this at MajorWager but I feel every should read this.
We all know moving offshore can be hazardous for some books, but the biggest and most overlooked reason books fail is the lack of quality help. Expenses can be very high for an offshore sportsbook and many books look for ways to keep cost down, the problem is they cut cost in the wrong places, experienced help! Too many books today are going with local help($4 per hour workers) instead of quality workers, too many owners are under the impression you can open up and make money with no effort, after all didnt we hear somewhere 98% of all gamblers lose?? Todays "cyber" bookies put a $4 an hour clerk in front of Don Best and tell them to copy every 1 penny move at Pinnacle, and think the cash will just roll in, but guess what guys, you dont have the same customers that Pinnacle has!!!! Many times, they will copy Pinnacles(or whatever book the boss says) lines and lose a game when Pinnacle probably won that same game, simple reason is Pinnacle doesnt have the same customers as everyone else. The next step is to just boot winners blindly, anyone who wins(lucky or not) is gone, without doing any research on the players work(because nobody is smart enough to even know what to look for). Some books will even boot the wrong customer for a winning week when he could be the one "whale" you can retire on. I have seen it so many times inside offshore books in South and Central America, clueless people behind the main desk because he is making $4-$6 an hour, to keep costs down. A good and experienced lineman can correct mistakes before it costs the shop $10,000-$20,000 on a single game, paying someone qualified will pay off 10 fold in the long run, too many book owners are "penny wise and dollar foolish" I decided to go on this rant because a good friend of mine(who I consider one of the sharpest people I know), was seeking a job in an offshore book after a 2 year layoff and nobody was hiring because they couldnt "afford" him, at least 6 books he spoke to had a guy who couldnt tie his own shoes, much less run a sportsbook. Remeber, "you get what you pay for" and it couldnt be more true when looking for quality help!
We all know moving offshore can be hazardous for some books, but the biggest and most overlooked reason books fail is the lack of quality help. Expenses can be very high for an offshore sportsbook and many books look for ways to keep cost down, the problem is they cut cost in the wrong places, experienced help! Too many books today are going with local help($4 per hour workers) instead of quality workers, too many owners are under the impression you can open up and make money with no effort, after all didnt we hear somewhere 98% of all gamblers lose?? Todays "cyber" bookies put a $4 an hour clerk in front of Don Best and tell them to copy every 1 penny move at Pinnacle, and think the cash will just roll in, but guess what guys, you dont have the same customers that Pinnacle has!!!! Many times, they will copy Pinnacles(or whatever book the boss says) lines and lose a game when Pinnacle probably won that same game, simple reason is Pinnacle doesnt have the same customers as everyone else. The next step is to just boot winners blindly, anyone who wins(lucky or not) is gone, without doing any research on the players work(because nobody is smart enough to even know what to look for). Some books will even boot the wrong customer for a winning week when he could be the one "whale" you can retire on. I have seen it so many times inside offshore books in South and Central America, clueless people behind the main desk because he is making $4-$6 an hour, to keep costs down. A good and experienced lineman can correct mistakes before it costs the shop $10,000-$20,000 on a single game, paying someone qualified will pay off 10 fold in the long run, too many book owners are "penny wise and dollar foolish" I decided to go on this rant because a good friend of mine(who I consider one of the sharpest people I know), was seeking a job in an offshore book after a 2 year layoff and nobody was hiring because they couldnt "afford" him, at least 6 books he spoke to had a guy who couldnt tie his own shoes, much less run a sportsbook. Remeber, "you get what you pay for" and it couldnt be more true when looking for quality help!
