Sports Books Gamble?

[STEVE TURNER]

All sport books that don't clone their lines, are wagering. When a Book operator shades his lines with an opinion, he is wagering.

Yes, I know some book owners wager with other Sport Books. I don't really care if they are solid enough to do so. I know one of the strongest books does wager.

I don't think Charlie of Sports Market was much of a bettor. I do know he shaded his lines. Sports Market had to take a tremoundous hit on the Super Bowl. All of the sharp dog players bet Sports Market on the Super Bowl.

In conclusion, whether they bet or not, is not important to me. Can they pay is what is important.

[Blowfish]

Whether they bet or not is a direct indicator whether they may or may not be able to pay along the line. Even professional gamblers will go through slumps where the cash may be a little tight--especially if they aren't working with an enormous sum to start with.

Of course, all those books just moving off Don Best instead of their own action are gambling...but that is pretty much everyone, with the exception of a very few. Usually, if a book doesn't appear to be moving off someone else it is because they were slow or not paying attention. Too much stock is placed in the opinions of others in this industry.

Any book owner should keep his personal bank account and his business bank account entirely separate. It's like Dairy Queen. If the people that worked there sat around and ate the ice cream all day, there wouldn't be anything left to sell. OK, maybe a bad analogy. But hopefully everyone gets the point.

[Jeff]

I guess no one really knows except the principles involved......

But I've been told that at least one operation that "bets" has the betting aspect of their business in the actual BUSINESS PLAN.

In otherwords, the key to their business is their BETTING business. With the bookmaking being secondary.

This is a very well known and succesgul book I'm referring to, so maybe books that bet isn't all that bad.

[Blowfish]

You put "bets" in quotes--do you mean laying off or actual just flat out gambling in their business plan? I guess if they have a portion of their portion of the revenue set aside to gamble with, that is one thing, as long as the gambling isn't something the business relies heavily upon.

[sportshobby]

Steve, good topic. But I have to disagree that "all sport books that don't clone their lines, are wagering."

There are books that take large action and move their own lines to attract action on the other side. This is the true bookmaker, and his lines are not at all clone.

[Parlay Guru]

I agree sportshobby. Although once the line has changes at the CASINOS they should changed it as well, regadless if they have action or not.

But IF the line doesnot change everywhere, they should keep the line that serves their interests.

[Fraidy Cat]

Steve and Company. Here's the problem. Aside from whether or not a book wins or loses when it bets personally, what if they get stiffed? What if the book you mention as being one of the strongest had a million or more at Aces Gold on the books when Aces Gold went down? Couldn't that have a negative effect on their business and on their ability to pay their players?

[Blowfish]

Didn't someone have more than a million owed to them by Aces Gold? That's a good point Fraidy Cat, a book can get stiffed just like anyone else.

[brink]

Same old story really. All anyone can do is play with the books that have built up a good reputation over the years. Not much else we can do as players. It's like walking through a mine field.

[STEVE TURNER]

Friady Cat: The Book I know was owed a large 6 figure amount by Sports Market. I would guess, they won several million at Sports Market. This particular company dosen't wager with post up money.

[Fraidy Cat]

That's the problem Steve. You're guessing. Do you know for sure they don't wager with post up? All you can know is what they tell you. Do you think they would say hey Steve, we have been losing lately and we got stiffed a ton and don't know if we're going to make it another month? Do you know that Pinnacle, Olympic, Rio and others have wheel barrels full of cash? Should a player be at all concerned if the sportsbook he wagers at wagers themselves?

[STEVE TURNER]

F CAT: I am not guessing. The Sports Book I am speaking of could withstand large, large losses and easily survive. As you should know, some off-shore sports books were in business in the states for years.

[Blowfish]

Even though they may have been doing business in the states, they weren't dealing with employees, licensing, all the overhead. Very few have the sense it takes to make gambling and running the biz work. Steve is right, some do it and don't have a problem, most fail miserably.

F Cat is also right, who knows when enough is enough? Aces certainly put the fear into all players because they had been a well established shop that had gotten in over their heads and it seemed like the went belly up overnight. That's probably not the case. They were just in a location where it made it easier to keep the inevitable under wraps.

[Judge Judy]

I will have my opinion on this soon. I am sure you all want to hear it.
It might not be pretty when I let loose .

To Steve: You need to get a grip.

[Blowfish]

Judge---we're gonna have to send you off to anger management classes with Checkers soon.

The day anyone in this industry gets a grip is the day they are all wearing suits and ties to work.