maybe start taking bets

[jrobie79]

i was thinkin about taking some bets on here at school, i know its all risky and shit, and nothign to major just some small cash at first but i know a few people who would be interested, should i just take there bets and be happy with 5-10 customers or try to get more people. my old coworker used to do it, he made some decent money but he graduated and left it behind, so i was thinkin about doing th esame, but only with friends n shit, any tips aside from not doing it

[iggs111]

Originally Posted by jrobie79

i was thinkin about taking some bets on here at school, i know its all risky and shit, and nothign to major just some small cash at first but i know a few people who would be interested, should i just take there bets and be happy with 5-10 customers or try to get more people. my old coworker used to do it, he made some decent money but he graduated and left it behind, so i was thinkin about doing th esame, but only with friends n shit, any tips aside from not doing it

Well its really not that smart to only take 5-10 peoples action, my guess is they are all friends and will probably bet the same thing. You want to have even action or close to it and collect the vig, if they all bang one team and win your gonna get crushed. And I also advise not to take your "close" friends action, this is a business and its not that easy to handle certain situations when it comes to this. From personal experiences just hang back man and dont get involved it will be nothing but headaches for ya.

[uva3021]

Originally Posted by jrobie79

i was thinkin about taking some bets on here at school, i know its all risky and shit, and nothign to major just some small cash at first but i know a few people who would be interested, should i just take there bets and be happy with 5-10 customers or try to get more people. my old coworker used to do it, he made some decent money but he graduated and left it behind, so i was thinkin about doing th esame, but only with friends n shit, any tips aside from not doing it

i'm thinkin about doin the same

and go ahead and post the picks they make

[jrobie79]

id only be doin like 20-30 bux and they arent really friends with each other, i sense they do it more for the action and cause these clowns would the ones to brag that they bet on sports to other people so i dunno if they'd pick all the same games, and they wouldnt even look at lines or anything, they'd see the suns and be like ok ill take them or the mavs, without thinkin to much about points, might be good for a 1 or 2 hundred a week im guessing

[iggs111]

Originally Posted by jrobie79

id only be doin like 20-30 bux and they arent really friends with each other, i sense they do it more for the action and cause these clowns would the ones to brag that they bet on sports to other people so i dunno if they'd pick all the same games, and they wouldnt even look at lines or anything, they'd see the suns and be like ok ill take them or the mavs, without thinkin to much about points, might be good for a 1 or 2 hundred a week im guessing

and then what happens when one of them loses more than 1 or 2 hundred a week? What if they get in a hole they cant pay, what are you going to do then?

[upinya83]

i am muscle for hire, just fyi

gl

[jrobie79]

take the money first, or only let them do 1 or 2 on credit, the way my buddy from work did it, he was telling me that it wasnt to difficult but i dunno its still up in the air

[nickwadden]

im jus typin so ppl can see my new avatar lol

[JDSilk]

ive been thinkin the samething jrobie for like the last year.

Its just hard for me to be a bookie cause I kinda like to help people out in gambling not really collecting from them.

I have a coworker who has about a 30 customer client base and makes about 20K a year from holding bets. He said he rarely pays out. So I mean, if you got a nice client base.. go for it.

[jrobie79]

Originally Posted by nickwadden

im jus typin so ppl can see my new avatar lol

then by all means keep postin, that is LUSCIOUS (sp)

[JDSilk]

Originally Posted by jrobie79

take the money first, or only let them do 1 or 2 on credit, the way my buddy from work did it, he was telling me that it wasnt to difficult but i dunno its still up in the air

When you hold bets... You control the action.

You can set limits on how big a bet can be. Like you can say biggest bet allowed is $500.

You can also set your own rules... Like charge juice on Pushes, Teasers and Parlays.

Also, collect once a week. Dont ever let someone run an outstanding debt. Set a day like Tuesday for collection. If someone owes you a debt, they cant bet til they pay you.

if they dont pay, break some legs

[jrobie79]

thanks silk, helpful info

[iggs111]

Originally Posted by JDSilk

When you hold bets... You control the action.

You can set limits on how big a bet can be. Like you can say biggest bet allowed is $500.

You can also set your own rules... Like charge juice on Pushes, Teasers and Parlays.

Also, collect once a week. Dont ever let someone run an outstanding debt. Set a day like Tuesday for collection. If someone owes you a debt, they cant bet til they pay you.

if they dont pay, break some legs

Ok charging vig on pushes and parlays is bullshit. Have the week run from Monday to Sunday except for when football is on then the week run til the Monday night game. Collect on Tuesdays and distribute on Thursdays. Juice is always 10 percent, 2 team parlays pay 2.6, 3 pays 5.1. Have them leave there figure at the beginning of each day so theres no discrepancies and your figures match. Money comes in as long as there paying, your paying out the few winners a week and everybodys happy. My dream is to run an offshore sportsbook anyone want in?

[JDSilk]

Originally Posted by iggs111

Ok charging vig on pushes and parlays is bullshit. Have the week run from Monday to Sunday except for when football is on then the week run til the Monday night game. Collect on Tuesdays and distribute on Thursdays. Juice is always 10 percent, 2 team parlays pay 2.6, 3 pays 5.1. Have them leave there figure at the beginning of each day so theres no discrepancies and your figures match. Money comes in as long as there paying, your paying out the few winners a week and everybodys happy. My dream is to run an offshore sportsbook anyone want in?

yeah, you are right.. charging vig for parlays and pushes is bullshit. I was just sort of making a point that you can control the way your book is run.

The parlay scale is about right. As a bookie you can also limit the number team parlay max is just in case you dont want to risk a huge ticket payout.

My friend also does something with teasers... He basically runs it so that its basically 10 percent vig if you lose. Those combos are...

6 pt teaser is 2 teams
10 pt teaser is 3 teams
13 ( or 14 pt - someone help) teaser is 4 teams

Basically that way no one can run a teaser parlay on em.

The way my friend runs his book is to restritct big payouts and to get as much juice/vig as possible. He has 30 clients, so what he's doing must be satisfying the clients need. Ive complained, but his rules stay the same, and people continue to bet.

uva was tellin me that RookiePicks bookie charges 20% vig and minimum bet is 100 bones. It just all depends how you wanna run/control the action.

Basically my friend was tellin me that holding bets is scary as shit at first cause you end up having like 20 x's as much action as would would normally holding a bet. Whereas you might have people loading up 5K on one side and only 300 on the other. Thats 4700 bucks at risk and not very often would you stomach having that much money on the line.

[Chicago RED]

Originally Posted by iggs111

Ok charging vig on pushes and parlays is bullshit. Have the week run from Monday to Sunday except for when football is on then the week run til the Monday night game. Collect on Tuesdays and distribute on Thursdays. Juice is always 10 percent, 2 team parlays pay 2.6, 3 pays 5.1. Have them leave there figure at the beginning of each day so theres no discrepancies and your figures match. Money comes in as long as there paying, your paying out the few winners a week and everybodys happy. My dream is to run an offshore sportsbook anyone want in?

You know I would roll with you. iggs PWNS.