Posted:
#1
This is something that we have just completely over thought and now I need some 3rd party perspective;
Guy makes 2 bets with local (on credit) for easy math both are risking 110 to win 100.
First bet loses so -110
second bet wins so +100 win and 110 risked (but never fronted)
Does the bookie give him the 110 he risked plus the 100 winnings or does the guy owe the bookie $10?
I have obviously never used a bookie or bet on credit so I have no idea how it works. It doesn't make sense to me that the bookie would pay the amount risked since it isn't cash he collected but like I said, never done it and was wondering.
Thanks.
Guy makes 2 bets with local (on credit) for easy math both are risking 110 to win 100.
First bet loses so -110
second bet wins so +100 win and 110 risked (but never fronted)
Does the bookie give him the 110 he risked plus the 100 winnings or does the guy owe the bookie $10?
I have obviously never used a bookie or bet on credit so I have no idea how it works. It doesn't make sense to me that the bookie would pay the amount risked since it isn't cash he collected but like I said, never done it and was wondering.
Thanks.
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