Sports Books Lost $3.6 Million in October Football

waiakeauka · Dec 11, 2003

I am not sure if this is for the whole State of Nevada or just Las Vegas.

http://www.reviewjournal.com/lvrj_home/2003/Dec-11-Thu-2003/business/22774024.html

Aloha and Good Luck

TEASERGURU · Dec 11, 2003

pretty amazing

PanchoSanza · Dec 11, 2003

They got lots of it back in November, trust me.

SrMuny · Dec 11, 2003

My question is HOW in the HELL did they lose that month.

The OFFSHORE BOOKS didnt..............

mvbski · Dec 11, 2003

because the gaming board are idiots,if a ticket is cashed it has no bearing on that months won/loss figure the loss is assinged to the month in wich it was posted not when it was cashed.

Fezzik · Dec 11, 2003

Boy are they going to get crushed in January when all the season wins and futures tickets get cashed.........

mvbski · Dec 11, 2003

season wins,conference wins show up in december super bowl will show in january

DannyMay · Dec 11, 2003

<BLOCKQUOTE class="ip-ubbcode-quote">quote:<HR>Originally posted by mvbski:
because the gaming board are idiots,if a ticket is cashed it has no bearing on that months won/loss figure the loss is assinged to the month in wich it was posted not when it was cashed.<HR></BLOCKQUOTE>

That is the way it should be. If you win $50,000 on a play tonight, but dont cash the ticket until next May the loss should be applied to December not May.

mvbski · Dec 11, 2003

that is the way it is,the agent has no clue,most there no nothing about sportbooks and how they work

Fishhead · Dec 11, 2003

MVB-

We know that as well as anybody.

mvbski · Dec 11, 2003

yeap its amazing how clueless they are,I use to hate whenever they were doing a audit

Fishhead · Dec 11, 2003

MVb-

I got called upstairs by you know who for handing out $500 in drink comps in one month.

please note- I worked the 4-12pm shift.

mvbski · Dec 11, 2003

or explain to them why if only two teams out of three in a round robin win they still collect

MudSlideSlim · Dec 11, 2003

<BLOCKQUOTE class="ip-ubbcode-quote">quote:<HR>Originally posted by STRUT888/FISHHEAD:
MVb-

I got called upstairs by you know who for handing out $500 in drink comps in one month.

please note- I worked the 4-12pm shift.<HR></BLOCKQUOTE>

yes, but you were not the one who was supposed to have drink them.

Tablarasa · Dec 11, 2003

I thought the Super Bowl was in February this year?

SrMuny · Dec 11, 2003

<BLOCKQUOTE class="ip-ubbcode-quote">quote:<HR>Originally posted by Tablarasa:
I thought the Super Bowl was in February this year?<HR></BLOCKQUOTE>

It is.........Super Bowl XXXVIII at Reliant Stadium is slated for Feb. 1, 2004

mvbski · Dec 11, 2003

sorry I was off a day

soccerbob · Dec 11, 2003

mvb- You bring up some good points. The Gaming Control Board and the Gaming Commission don't know the first thing about gambling. They're a bunch of bean counters that work as puppets for the casinos. Every six months or so they fine (it's never paid) a casino because some cashier didn't get a person's favorite color and mother's maiden name when they do a cash transaction over $10,000. They put it on the front page of The Las Vegas Review Journal (the city's local comic book) and everyone thinks someone is watching the casinos. Any gaming agent that ever gets a bit too inquisitive about a casinos inner workings quickly finds themselves on the unemployment line. That's why all the agents stay in their cubicles and shuffle papers.

Fezzik- You're a sharp guy. I would think you would know that it's kind of tough for any sportsbook to get "crushed" when they don't take a bet. Very few books even offer regular season wins anymore and their future books offer all the value of an umbrella in a hurricane.

mvbski · Dec 11, 2003

four qoutes in one thread

mvbski · Dec 11, 2003

when I started in the sportsbooks we hand wrote tickets,parlay cards were just like you would play at your corner bar,the horse races were recreated,there was a 5% tax on all bets,try to overcome laying -115 on every bet.What the bean counters have done to the buisness is disgraceful,those were the golden years of sportsbetting now you just point and click