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Wait, does a "bookie" need to find someone on both sides of a wager?
| Multi-colored legend | 01/25/22 |
| insecure chapel giraffe | 01/25/22 |
| Multi-colored legend | 01/25/22 |
| insecure chapel giraffe | 01/25/22 |
| Alcoholic brass marketing idea international law enforcement agency | 01/25/22 |
| Carnelian Dysfunction Round Eye | 01/25/22 |
| electric stubborn alpha | 01/25/22 |
| arousing ruby range newt | 01/25/22 |
Poast new message in this thread
Date: January 25th, 2022 6:26 PM Author: Multi-colored legend Sports degenerates, pls explain how this works, say for a guy who just runs a "bookie" operation out of a storefront (http://www.autoadmit.com/thread.php?thread_id=5016691&forum_id=2#43846465) |
Date: January 25th, 2022 6:28 PM Author: insecure chapel giraffe no, each person is betting against the house. the house wants half the bets on each side so they aren't taking risk. (http://www.autoadmit.com/thread.php?thread_id=5016691&forum_id=2#43846471) |
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Date: January 25th, 2022 6:30 PM Author: Multi-colored legend But what if it's just some shlep in the Bronx and he's only getting bets on the Jets to win it all? What does he do? (http://www.autoadmit.com/thread.php?thread_id=5016691&forum_id=2#43846484) |
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Date: January 25th, 2022 6:32 PM Author: insecure chapel giraffe i'm not a gambler, but presumably he's just a middleman and he's placing your bet with some real betting house. i could be wrong. (http://www.autoadmit.com/thread.php?thread_id=5016691&forum_id=2#43846499) |
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Date: January 25th, 2022 6:37 PM Author: Alcoholic brass marketing idea international law enforcement agency it's like an exchange or market maker, or a bank for that matter. he ideally has enough volume and capital to handle anyone's bet without the threat of getting wiped out, if things start to push it he shifts his odds or stops taking bets on one side. the value he provides is that his balance sheet facilitates betting without the need for finding a matching bet on the other side. (http://www.autoadmit.com/thread.php?thread_id=5016691&forum_id=2#43846517) |
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Date: January 25th, 2022 7:04 PM Author: Carnelian Dysfunction Round Eye You can also lay some of your action off at another book, basically exchanging some of your risk for theirs to balance it out (http://www.autoadmit.com/thread.php?thread_id=5016691&forum_id=2#43846627) |
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Date: January 25th, 2022 6:54 PM Author: electric stubborn alpha This isn’t true, but it’s a common misconception by squares (http://www.autoadmit.com/thread.php?thread_id=5016691&forum_id=2#43846590) |
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Date: January 25th, 2022 6:39 PM Author: arousing ruby range newt With the vig you are fine as long as you impose limits on people who know what they are doing.
The storefront guy is taking a lot of action on local teams in markets where the line is on point. |