So what do people do when bookies stall or don't pay?
they find a real book, not one of these wannabee books.
Let me start by saying that I have been gambling since 15 years now. Sports betting, blackjack, Poker, you name it. I eat, sleep, live and breath gambling. Numbers, math and stats are in my blood. I can calculate parlay odds by just looking at the juices and give you the effective weighted average juice per game by looking at the parlay payouts using reverse logarhythmes. Same thing for teasers. But I don't bet teasers. Teasers are a suckers bet like they all say. I mean how often does a game end right within the 7 points range? You might as well parlay your 4 games and take the 12.28 times your bet rather than the 2.5x right?
Now in those 15 years, believe it or not, I am UP sports betting. We all read about how the house always wins and how bookies roll in cash until they get busted by the police.
I on the other hand, had some devastating losing streaks, in fact, had more losing years than winning years. They say you could have profitable week, monthe, years but the house always wins in the long run. I don't know if I was lucky or what but I am up over all by about $60,000. And that includes all the money that I have dumped to the casinos, costs of going to Vegas, etc. So I am up 6-figures betting on sports. All the services the books gave me, all the flights I took to Vegas, all the agonozing beats to end a 5 or 6 team parlay for life changing money and I am still up overall.
Now here is the part where it gets interesting. As a bookie, I am DOWN overall!!! I am not a serious bookie, just a small time bookie, on and off, taking action here and there. Because you know, being on average +110 on every game is a pretty good edge, right? It just boggles my mind how my clients never miss. In fact, you could say that I am an open ATM when it comes to taking action.
Am I doing something wrong? This Sunday my clients went 14-0 against me. That includes straight bets, parlays, teaser, sides, totals. everything. Combine all my betting weeks as a player and I have never lost so much in a day with the exception of laying big after hitting a rare parlay on Saturday. Let's just say, I will never see the money lost this weekend every again.
One of my clients had a 4-game teaser at the 1 o' clock game. They were all pretty much in the bag after the first quarter. Only that 3 of those games were barely covering late in the 4th quarter, while the other team had the ball in each game and needed to convert the following (respectively) for his teaser to miss:
1st and Goal at the 1
3rd and Goal inside the 10
3rd and 1 in FG range
They were all in 4 down territory and I needed at least one in order for my client to miss his teaser. The result was the following (respectively):
Fumble
Interception
Two deep incomplete passes
And to ice the cake, I had taken heavy action on the Giants. Moneyline, teasers, and final leg of a few parlays. We all know how that ended up. One of my guys is now on an 11-0 streak betting on teasers. Another guy is on an 8-0 run that's made up of a 4-team parlay, a 2-team underdog parlay (with the Giants) and another 2-team parlay.
Am I doing something wrong here? Of course, now, Monday morning, each one of my clients want to fully cashout their entire balance without wanting to put a dime on the Monday night game.
My bankroll is devastated. Not to mention that this was also a Sunday where I went 0-5 on my own plays.
Let me start by saying that I have been gambling since 15 years now. Sports betting, blackjack, Poker, you name it. I eat, sleep, live and breath gambling. Numbers, math and stats are in my blood. I can calculate parlay odds by just looking at the juices and give you the effective weighted average juice per game by looking at the parlay payouts using reverse logarhythmes. Same thing for teasers. But I don't bet teasers. Teasers are a suckers bet like they all say. I mean how often does a game end right within the 7 points range? You might as well parlay your 4 games and take the 12.28 times your bet rather than the 2.5x right?
Now in those 15 years, believe it or not, I am UP sports betting. We all read about how the house always wins and how bookies roll in cash until they get busted by the police.
I on the other hand, had some devastating losing streaks, in fact, had more losing years than winning years. They say you could have profitable week, monthe, years but the house always wins in the long run. I don't know if I was lucky or what but I am up over all by about $60,000. And that includes all the money that I have dumped to the casinos, costs of going to Vegas, etc. So I am up 6-figures betting on sports. All the services the books gave me, all the flights I took to Vegas, all the agonozing beats to end a 5 or 6 team parlay for life changing money and I am still up overall.
Now here is the part where it gets interesting. As a bookie, I am DOWN overall!!! I am not a serious bookie, just a small time bookie, on and off, taking action here and there. Because you know, being on average +110 on every game is a pretty good edge, right? It just boggles my mind how my clients never miss. In fact, you could say that I am an open ATM when it comes to taking action.
Am I doing something wrong? This Sunday my clients went 14-0 against me. That includes straight bets, parlays, teaser, sides, totals. everything. Combine all my betting weeks as a player and I have never lost so much in a day with the exception of laying big after hitting a rare parlay on Saturday. Let's just say, I will never see the money lost this weekend every again.
One of my clients had a 4-game teaser at the 1 o' clock game. They were all pretty much in the bag after the first quarter. Only that 3 of those games were barely covering late in the 4th quarter, while the other team had the ball in each game and needed to convert the following (respectively) for his teaser to miss:
1st and Goal at the 1
3rd and Goal inside the 10
3rd and 1 in FG range
They were all in 4 down territory and I needed at least one in order for my client to miss his teaser. The result was the following (respectively):
Fumble
Interception
Two deep incomplete passes
And to ice the cake, I had taken heavy action on the Giants. Moneyline, teasers, and final leg of a few parlays. We all know how that ended up. One of my guys is now on an 11-0 streak betting on teasers. Another guy is on an 8-0 run that's made up of a 4-team parlay, a 2-team underdog parlay (with the Giants) and another 2-team parlay.
Am I doing something wrong here? Of course, now, Monday morning, each one of my clients want to fully cashout their entire balance without wanting to put a dime on the Monday night game.
My bankroll is devastated. Not to mention that this was also a Sunday where I went 0-5 on my own plays.
do most local bookies book all season (nfl, cfb etc..or do they only book for NFL? How do most books protect their assets? What are the pros and cons of booking all season? If you’re up for the season as a small book (6 figures) would you continue or wait until next season?
do most local bookies book all season (nfl, cfb etc..or do they only book for NFL? How do most books protect their assets? What are the pros and cons of booking all season? If you’re up for the season as a small book (6 figures) would you continue or wait until next season?
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