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What constitutes too much of a "perk"?

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  • What constitutes too much of a "perk"?

    Some have criticized the fact that I have gone into many books and later paid the price as in the case of Action Sports and Best Bet Sportsbooks?

    And some intelligent replies have answered, "if it seems too good to be true it is."

    Well as a fellow who has had a very good year and certainly some of it from "perks", no juice deals or bonuses, how does one know where to draw the line.

    A couple of examples: Royal, which I think all agree is one of the most solid books out there, offers -105 juice from Noon to 1:30 p.m. Pacific time every weekday. Does this mean because they offer this is shouldn't play into them.

    Also, and this is my favorite example as it totally illustrates my point. Aces Gold offers not only 25% reup bonus (on 20 dime bank wires) but ALSO has NO JUICE on Fridays 5:00 p.m. to 5:00 a.m. for all of Saturday's basketball card.

    Now Aces Gold is one of the strongest books out there and one of my personal favorites, and frankly I have made alot of money by using them (even though they always seem to beat me there).

    But if you look at their deal, no one in their right mind would ever play into a book that had a 25% reup bonus AND no juice on certain days.

    This is my point. I walk a fine line trying to decide whether the risk is worth the reward. In Aces Gold or Royal's case there is no risk in my mind, only reward as these books are solid as a rock by all accounts.

    So I ask the question, what consistutes too much of a bonus or "perk" and how do YOU decide when to accept or decline?

    Yes, now that I've gotten burnt I am more cautious now, but I will always welcome the opportunity to partake of some "special" a book offers as an enticement to use them. It's very competitive out there and even rock solid books offer deals some times.

    A good case in point was a flyer I got from a "Jazz Sports". As I get alot of these things I just throw them out, but than later I find out that they're owned by Pelican and are on the Don Best feed and I was intending to try them out anyway. Should I not accept the generous bonus they are offering?

    I'd like to present this as a point of view that some haven't considered. That everything I do is rated on a risk versus reward ratio, and that many times the reward is so great, its worth the risk.

    Yes, even if you get stiffed that one or two times, the reward over repeated implementation of that strategy, far outweighed what it cost you from the money you lost from the one or two "crooks".

  • #2
    Boomer,

    Interesting post. You always supply this forum with a lot of good information.

    I was just wondering about your comment that "Now Aces Gold is one of the strongest books out there and one of my personal favorites, and frankly I have made alot of money by using them(even though they always seem to beat me there."

    Did you mean that you have had a lot of money put into your account due to the 25% bonus and then proceeded to lose there? I was just curious as far as you said you had made alot of money.

    Thanks for all of your enjoyable posts.

    Best of Luck,
    Groz

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    • #3
      I do alot of different things wagering-wise, but one of the things I certainly do is play middles especially when there is no juice on one side.

      Use your imagination from here on in as I don't want to give away too many "trade secrets" for fear others will do as I do and these deals will stop.

      I'm proud to say I never win at Aces Gold (which is my hope and intention) and can continue to send them more money and get that reup bonus (get the point?).

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      • #4
        Boomer, Congrats on losing at Aces Gold. I've been trying to lose there myself but the games keep falling my way. If a book that you don't know offers that kind of re-up bonus you should be skeptical. I guess we have to look at bonuses/perks on a case by case basis.

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        • #5
          I know for a fact that Wall Street SuperBook offered a 20% signup bonus and 10% more on all reloads. They ran this special from September till 12/31/99. They had to stop offering 20% signup bonuses because the wise guys were killing them.

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          • #6
            With all the publicity that is generated by books that don't pay, it's easy to overlook the rapidly increasing number of legitimate books. Frankly it doesn't take much math background to see how one can take advantage of the numerous promotions, bonuses, half juice as well as the re-load bonuses etc. I'm talking of taking advantage of it in an acceptable way...giving ample action in the process. I suspect that a substancial amount of individuals already do this, perhaps on a smaller and less noticeable scale or perhaps with more finesse. With a little self discipline, a little research and a cash reserve anyone can increase their BR by 50% in say 3-4 months with no real risk to the initial position except risk of non-payment.
            Will most people do this? Absolutely not, you can bet on that.

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            • #7
              Boomer

              This is totally off your post subject but I was wondering if you could check out my post in Bookies Hell "Offshore Banking".

              I would like to hear from a big money mover like youself and get your thoughts on the subject.

              Thanks
              MV

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              • #8
                Are there any other books worth mentioning that offer a reload bonus?

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                • #9
                  EXCEPT risk of nonpayment? I don't know about anybody else, but in my "book", this risk is the only one that carries any significance. In fact, isn't this the ONLY risk that is completely out of the bettor's hands. What other risks are there that are not bettor initiated? As the recent posts in this forum suggest, and the numerous posts in this forum, in general, over the years suggest, I, for one, would NEVER send money to a semi-questionable book under any circumstances. I don't care what kind of perks or bonuses they offer. If they don't pay and/or go belly up, the bonus is pretty much a moot point, isn't it? Boomer, as far as your question is concerned, there really isn't any definative answer. However, my feeling is this: There are a handful of book out there that have a relatively spotless track record. Many -or- most of these are located in links on this site. There are a few otheres. These are not a secret and all of us who have "been around the block", so to say, know which books these are. If one of these outs offers a "bonus", then that's icing on the cake. An added perk along with the assurance that your money is safe. If they don't, well, at least I know my money is safe. That is of utmost importance to me and allows me to enjoy a nice relaxing night of sleep. In my opinion, it is absolutely asinine to post up with a book that even has a SHADOW of a doubt as to their legitimacy. Why take the chance? Hell, many people will. We all are, in essence, gamblers. That's why this influx of bonuses and perks are now infiltrating this industry. I would take an educated guess and "assume" that 90% of these outfits are legit, but I, for one, will not be taking the chance. The biggest bonus a book can offer me is the assurance that I will receive my loot IF and WHEN I want it....

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                  • #10
                    Junior44,
                    Certainly I don't throw large amounts of cash at books with little knowledge of them, but I will throw some cash at books with some knowlege of them. Over the last couple of years I have stepped into murky waters and been rewarded handsomely. The bonuses and different #,s available to me have been a very welcome addition to my gambling arsonel. Now this is certainly not for everyone and each personality dictates which path your gambling will lead you down, but I think each is justifiable. You can go down your conservative path and we'll wish you all the luck, but before you call us asinine, consider we may have a well thought out plan also.

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                    • #11
                      IB TOM,

                      Just wanted to clarify that I did not refer to anybody as asinine. My quote (verbatim) was this: "In my opinion, it is absolutely asinine to post up with a book that even has a SHADOW of a doubt as to their legitimacy." While that quote is slightly out of context, my intent was to imply that for me, personally, doing such would be asinine. As mentioned in my post, many players WILL take this chance, and for a variable amount of reasons. I have no doubt that you, and others, have a well thought out plan and I wholeheartedly wish that yourself and others benefit from whatever plan you have. However, for me, taking that chance is not part of mine.....but I wish nothing but the best for those that choose to do so..

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                      • #12
                        Boomer, I think you've got to ask yourself why a place offers such fantastic deals. Obviously, they have to be struggling somewhat to gain or keep their customers or have some cash flow problems or both. I mean, if you send a place $20k and they give you $5k as a bonus, how are they are making any money?

                        Let's say I'm you're evil twin. You and I both post up 20k and I take the exact opposite position to you in every game. On a twenty cent line, if I lose all my money plus my bonus after a couple of hundred wagers...by then you will be up $22,750 and have $47,750 in your account(25k x 1.91). In other words, even though I went bust...and you and I played into a perfectly balanced 20 cent line...the book is still down $7,750.

                        Personally, I think the only way a book that offers such lavish freebies can survive is to have UNbalanced action on games and get lucky with the way they fall. In essence, they're the ones who have to gamble.

                        You say quite confidently that this place is solid and that place is solid, but how do you really know? In my opinion when the bonus money gets too big...its a sign of trouble.

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                        • #13
                          Bob, you may be estimating the capability of the average sucker, I mean player.

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                          • #14
                            Actually, I just realized my post makes no sense. If my evil twin Boomer and I took a couple of hundred wagers for me to bust then we would have been heavily juiced out by then and the book would, in fact, be ahead. My $7,750 calculation only works if I went bust after one wager...which has been known to happen.

                            That doesn't change my belief, however, that big bonus money - unless its a limited time special - means trouble at the book.

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                            • #15
                              IBTom:
                              Millennium offers a 10% Re-up bonus if you do it online. Top notch outfit.

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