I was talking to a CR bookie earlier. He asked me an interesting question. He asked me how much I think he has to win to actually make a dollar, after expenses.
Now a book should hold maybe 4.5% on straight bets, a book like CRIS will hold less with early lines, high limits and a sharper base of players. This place holds over 6% because they have square players.
But after the win, he told me that expenses eat up $5 out of every $6 they win. Stuff like NT fees, phones, salaries, rents, etc. It's got to worse for a start-up with larger bonuses.
You have to win a lot to cover that, you can't do it without volume.
I can't name the book, they don't like publicity, prefer to not be mentioned in forums, carry a decent rating, but don't advertise much.
Now a book should hold maybe 4.5% on straight bets, a book like CRIS will hold less with early lines, high limits and a sharper base of players. This place holds over 6% because they have square players.
But after the win, he told me that expenses eat up $5 out of every $6 they win. Stuff like NT fees, phones, salaries, rents, etc. It's got to worse for a start-up with larger bonuses.
You have to win a lot to cover that, you can't do it without volume.
I can't name the book, they don't like publicity, prefer to not be mentioned in forums, carry a decent rating, but don't advertise much.