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Can I Be The Bookie?

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So I've often wanted to become the bookie, and take the opposite of the public.  I figured I could theoretically take the opposite of them if I place all of my action against the public.

What I'm wondering is.........I've found one website that gives me betting trends (sportsbook.com).  They give you the percentages bet on each side.  What I don't know is this the percentage of money bet on that side, or the percentage of total bets on each side.  If it's the amount of money bet, then I can accurately go against the public and become the bookie.  If it's only the percentage of total bets, then this won't help at all.

Does anyone know this info, or where I can get percentages of total money bet on each side.  I've also realized that I am just getting the info (i think) of sportsbook.com and not really every other sportsbook.

What I did tonight was take the baseball game, college football game, and all the nhl games and take the minority in percentage on the side and on the total in every game.  I understand that there is soccer, horse racing etc. that the books may cash in on tonight but I feel like this is a good controlled experiment.

Can I get some thoughts or ideas?
 
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Posted: #2
Percentage of bets.  NOT money.
 
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Posted: #3

Quote Originally Posted by DanTos8715:

So I've often wanted to become the bookie, and take the opposite of the public.  I figured I could theoretically take the opposite of them if I place all of my action against the public.

What I'm wondering is.........I've found one website that gives me betting trends (sportsbook.com).  They give you the percentages bet on each side.  What I don't know is this the percentage of money bet on that side, or the percentage of total bets on each side.  If it's the amount of money bet, then I can accurately go against the public and become the bookie.  If it's only the percentage of total bets, then this won't help at all.

Does anyone know this info, or where I can get percentages of total money bet on each side.  I've also realized that I am just getting the info (i think) of sportsbook.com and not really every other sportsbook.

What I did tonight was take the baseball game, college football game, and all the nhl games and take the minority in percentage on the side and on the total in every game.  I understand that there is soccer, horse racing etc. that the books may cash in on tonight but I feel like this is a good controlled experiment.

Can I get some thoughts or ideas?

Being a bookie doesn't mean you will win for sure, I mean you gotta make sure you already have a huge bankroll. There have been numerous bookies that have gone out of business because they really didn't have the needed capital to operate.

Also always going against the public does not mean you will be a winner in the long run but hey go ahead and do what you think is best for you and someday you might remember that SirJohnDrake had told you always going against the public does not mean you will be a winner in the long run.

 
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Posted: #4
Quote Originally Posted by SirJohnDrake:

Being a bookie doesn't mean you will win for sure, I mean you gotta make sure you already have a huge bankroll. There have been numerous bookies that have gone out of business because they really didn't have the needed capital to operate.

Also always going against the public does not mean you will be a winner in the long run but hey go ahead and do what you think is best for you and someday you might remember that SirJohnDrake had told you always going against the public does not mean you will be a winner in the long run.



I think you have it wrong John.  In the long run I will be a winner, in the short run the public can clean house. 
 
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Posted: #5
Fading the public pretty much means you will always take the underdogs because on any given sporting event the majority of gamblers will always side with the fav and so that means you will almost always go with the underdogs.
 
The way to win in the long run is to always have a good mixture of going with underdogs as well as favorites, just sticking to one side will not cut it in the long run whether you're the type that likes to take underdogs all the time because the majority or the public is on the favorites and you know that the majority of gamblers are losers in the long run or the type that likes to take favorites all the time.
 
You gotta have that mixture homeboy and so at times you gotta go with the majority of the public which most likely means you gotta take a favorite!
 
 
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Posted: #6
faves have to win at some point....pick your spots.
 
Captain
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Posted: #7
and btw, the best bookies don't care who wins the game
 
Prospect
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Posted: #8

Even though it doesn't seem like it, you aren't betting against the bookie you're betting against other bettors when you place a bet. The bookie is just an agent who arranges the transactions.

As a result, they aren't really interested in what the real chances of winning are. They set and adjust odds to draw enough money to each side so that they cover the payout plus commission for ourselves regardless of who wins.

The payouts for either side should be roughly equal. Obviously, it's a little more complicated than I've described and it takes a significant investment to operate, but this is essentially how books operate and you can probably find ways to use this to your advantage.

 
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Posted: #9
you can be whatever you want to be.
 
 
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Posted: #10
you still will probably go .500 and lose to juice as your not a real bookie getting juice
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