What's YOUR definition of a LIMIT?? - FEEDBACK PLEASE

[Jeff]

I'll elaborate soon enough........

My definition of a limit, or limits, as they pertain to sportsbetting, is the amount a book is willing to take AT THE POSTED NUMBER.

If the limits are a dime on totals, to me, that means, a dime at the posted number. After I make my play, the book can either change the number, or not, their choice. However I should then be able to call back, or refresh my screen, and play the same side or total again for the limit, either at the new price, or the same price if they chose not to move it.

Does anyone disagree with me?

Feedback please...................

As I said, I'll elaborate later......

[Segundo]

Let me guess: you were told that you could no longer bet the game because you already reached your limit. Well, if they are holding your money then they should let you bet at the new number, and if they don't move the number and don't let you bet it again, then you should say who they are, because those are the signs of no pay my friend, I've seen it too many times. Maybe it was the Mirage, bunch of skirts over there.

[thechin]

jeff,

i think it depends on what kind of acct. you have .... if you are on a sheet, some agents put their players on a max per play/per game limit, in addition to the books normal limits or policies ..... as a post-up, should be open, you bet the limit and give the bm to make a decision and proceed to play or pass .... online is a different story, many bm's are very skeptical of online wagering as it is, and react by setting a different set of standards than over the phone .... only my opinion

[This message has been edited by thechin (edited 06-22-2000).]

[ShiftySheik]

Jeff, That's the way it should be but some books have their own rules when it comes to limits. I know one book that sometimes cuts back my bet to a lower amount...then doesn't move the line. Go figure.

[Boomer]

The limit as far as I'm concerned is the maximum amount that I'm allowed to bet at the number posted on the feed or software, providing it is "settled" and is not within five minutes of being steamed.

The limit is not etched in stone at some places. Even though I am told at some places that I can have five dimes on sides and three on totals, if they only feel like taking one or two, I don't even bother to fight or argue anymore.

The big boys such as Caribi, DelMar, Pinnacle, and definitely Sports Market don't ever flinch when I put in those size wagers or larger.

The limit should be there to guarantee the number at a certain price. I feel it is optional on the book's part if they want to take more, but if they tell you you have limits of five and three, they should always give you that amount in non-steam timeframes.

[mls]

Gotta love Intertops limit setup:

Bet the limit ($55 to $1100 depending on time before game) on one side, and you cannot then bet even $1 on the other.

[Jeff]

Hypothetical situation:

I have an account at a book, and so does Segundo. I play the total for a dime.

10 minutes later, the price is still the same. I can't play the game again, yet Segundo can.

How does this make sense?

What ever happened to writing business?

[Boomer]

It doesn't make sense.

Basically, I find that during baseball season you have two general kinds of sportsbooks out there.

The kind you described takes a DEFENSIVE posture during baseball season and prays to get out of it alive, never learning how to manipulate the lines correctly to achieve a profit.

The other kind and I would hold up Sports Market as a prime example, constantly adjusts their lines, sometimes violently, in a successful effort to balance their books while holding that ten cent edge.

They and others like them take an OFFENSIVE position and post numbers which they know will attract wagers and they don't blink when you bet ten dimes.

The way I understand it, if you know what you're doing you want to write as much business as possibe, right.

If not, why go into the business?

[Ronbets]

Jeff,

When Im betting retail, no cut juice or commission, I expect the predetermined amount per call. Im going into an active market and expect to be treated as any other customer.

[reno]

It is ludicrous for books, like Bowman's, to go to smaller and smaller limits. The goal should be to book bigger and bigger. Stores like WWTS, Belize, and Skybook book huge bets in baseball from Asian clientele and Americans. And they make big money because they book big. Del Mar & Sports Market also take big bets.

[Alpine]

Jeff, I agree with you, that doesn't make any sense to me either. After giving the book a reasonable amount of time to move the line, you should be able to bet it again if you desire. I certainly think 10 minutes is ample time for them to move the line.

If this happened just once I'd probably give the book the benefit-of-the-doubt (if I were happy with them in other respects), and assume that they meant to move the line but just forgot or got super-busy. But if this happened to me repeatedly I would probably look for another book.

I also agree with your definition of a limit.

[OLD MAN]

JEFF
YOU MAY NEED A BEARD....YOU KNOW HOW TO GET IN TOUCH WITH ME.
P.S.-IT DOES DEFEAT THE PURPOSE OF A LIMIT TO LET YOU COME BACK IN LATER AND BET THE GAME AGAIN AT THE SAME #. WHY THEY LET SEGUNDO
DO IT, I DONT KNOW. MOST OF THEM STILL BOOK TO FACES. HERE IN MY CITY, THE POLICY IS YOU
HAVE A LIMIT AT THE POSTED #-IF THE # MOVES, YOU CAN POP THEM AGAIN-AT THE NEW #.
THERE ARE TIMES WHEN THEYRE HEAVY ON ONE SIDE
AND YOU COME IN ON THE OTHER SIDE AND PLAY THEM THE LIMIT-THEYLL SAY-DO YOU WANT MORE?

[mikren]

Back when I visited Book X earlier this year, they showed me that certain players were profiled such that they were permitted one maximum bet on a play and then no additional bets even if the line changed. There were very few players with this profile, as these were considered players that were basically unbeatable. Most players were permitted to enter the bet again if the line changed, or a certain number of max bets at the same number.

[thedevil]

Jeff,

The correct answer was posted by thechin. He hit every aspect on the nose.

Boomer can you explain how Sports Mkk can move the line violently at times to balance their books and still work on ten cents. If you can do what you said your better off booking than betting.

THE DEVIL

[Chillin-the-Most]

Jeff,

As a BM, I don't mind gambling to a certain amount. However, it doesn't make sense to for one person to win that entire amount(especially if said player is sharp enough not to give it back). Books don't mind losing from time to time, the trick is to make sure you get it back next time. If the losses were spread out among many bettors, it is a lot more likely the book can win it back.
Rich