Why do Vegas sportsbooks take $250K from one shark's "beard" while being unwilling to even take $1K from the next guy?

There's a youtube video that shows a well known sports better unable to get even $1000 on his pick and he's been 'tossed out' of numerious casinos. So now he has to split up the amount he wants to bet between multiple sportsbooks just to get $1000 down total. While at the same time, the Billy Walters of the world seem to have no limits. Why would the sportsbooks care whose pocket it's coming from? It seems kinda pointless to be a Vegas sportsbook when you won't even take $1000 bet on a football game...from whoever! 

Maybe you should try not using monopoly money next time.

One player works for the MOB and the other doesn't .... DUMBASS 

The guy betting $250K is a probably a known casino whale who plays a lot on the tables.  They know who is.  They won't take $250K from any Job Schmo..The other sharp player probably has beaten the casino books and is not a profitable player.

Vegas stopped accepting large wagers decades ago. Afraid of their own shadow.

Reply, Part 1 of 2 - If you've never heard the term "beard" before, it's someone betting on behalf of another person so that the sportsbook doesn't know the real person behind the money, cause if they did they wouldn't take the bet. I found the term on a glossary of gambling slang and lingo. These people are featured in the now well-known 60 minutes story about Billy Walters, (available on youtube) who used connections to bet on his behalf while holed-up in his house, directing traffic from his desk using fancy software that told him what the lines were and where. (I still haven't found anyone who knows the name of the software, but apparently other people use it too, in addition to apps that are available for individual sportsbooks as they try to compete with offshore sites, such that you don't have to leave the house to chase lines driving around town). Since I still haven't gotten a good answer to my O.P., it's still baffling to me why a sportsbook would care who the face is behind all the money. If they're afraid of losing their shirt, it shouldn't take them long to see that the new face is going to hurt them just as much as the known shark after they get burned for a few weeks or months, since the shark is behind the plays either way.  i.e. "We'll let the fresh face burn us for a few years, but that Billy Walters guy, nah, he's no good." Money is money. It shouldn't matter whether the shark or the shark's brother-in-law is eating your lunch if it still gets eaten. Besides, they rake in so much, even if I win 60% of the time, at just $1k per bet, that's pocket change to them. 

 

Reply, Part 2 of 2 - In another video put out by PBS, (also available on youtube entitled "Bookies bank on sports fans who bet with their hearts,") gambler Tony Salinas says "I bet 10 or 20 thousand on it, yes." Yet the buzzfeed article featuring Bill Krackomberger entitled "Think You Could Be A Professional Gambler, Here's What It's Actually Like" describes him on Super Bowl Sunday as follows....

 

"He counts out seven Benjamins, returns the stack to his pocket and takes his place in line. A few minutes later, he gets to the window and presents the card to the ticket writer, who barely misses a beat before yelling, "Approval!" A supervisor emerges a split second later, gives the card a quick once-over — and hands it back to the ticket writer without uttering a word. The card is scanned, money is exchanged, and a betting ticket pops out.

"With the amount of volume on the Super Bowl, that play gets through," Krack speculates over long strides through the casino in the direction of the parking lot. "On a regular-season game, it probably wouldn't. I was thrown out for 100 bucks last month!"

Krack says he never lays down huge money at one of the prominent properties. "I just bet 700 bucks. But in reality I'm betting eight, 10,000, you know what I mean? Three hundred here, 500 there, 300 there. It's work! A lot of labor.

"Half the fun is winning, half is beating the number," he says. "You know what I love? Beads of sweat running down bookmakers' faces."

So Tony Salinas and the Billy Walters "beards" can bet all they want, but poor Krack has to get 'approval' to bet $700, and then only if it's the Super Bowl, while he burns time and gas driving all over town to get his $1000 in? This makes no sense whatsoever. 

So now you have real names of real people being treated differently, documented, (unless you think everyone is lying). 

This is such a dumb thread.  Nobody cares.  None of this is accurate.  If a sportsbook doesn't like the way you bet for whatever reason, they have every right to ban you.  There is no rhyme or reason.  If you're banned at a book, go to another.  If you keep getting banned and are only making $1,000 wagers, it's a you problem.  Tough shitt.  They can do whatever the fuckk they want.  It's the company's money.  Nobody has a "right" to bet at any given book.  Understand that before you create stupid threads that clog up this website.

And no Vegas sportsbooks are taking $250,000 bets from random "beards" as you call it.  This is just so inaccurate.  Get a clue.

If I wanted to bet 10 k could I ??

https://www.youtube.com/watch?v=d6FAUQ6SFKM

At 3:20, a bet is placed using a beard for up to $250,000.