One of the biggest reasons Sportsbooks fail

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I already posted this at MajorWager but I feel every should read this.


We all know moving offshore can be hazardous for some books, but the biggest and most overlooked reason books fail is the lack of quality help. Expenses can be very high for an offshore sportsbook and many books look for ways to keep cost down, the problem is they cut cost in the wrong places, experienced help! Too many books today are going with local help($4 per hour workers) instead of quality workers, too many owners are under the impression you can open up and make money with no effort, after all didnt we hear somewhere 98% of all gamblers lose?? Todays "cyber" bookies put a $4 an hour clerk in front of Don Best and tell them to copy every 1 penny move at Pinnacle, and think the cash will just roll in, but guess what guys, you dont have the same customers that Pinnacle has!!!! Many times, they will copy Pinnacles(or whatever book the boss says) lines and lose a game when Pinnacle probably won that same game, simple reason is Pinnacle doesnt have the same customers as everyone else. The next step is to just boot winners blindly, anyone who wins(lucky or not) is gone, without doing any research on the players work(because nobody is smart enough to even know what to look for). Some books will even boot the wrong customer for a winning week when he could be the one "whale" you can retire on. I have seen it so many times inside offshore books in South and Central America, clueless people behind the main desk because he is making $4-$6 an hour, to keep costs down. A good and experienced lineman can correct mistakes before it costs the shop $10,000-$20,000 on a single game, paying someone qualified will pay off 10 fold in the long run, too many book owners are "penny wise and dollar foolish" I decided to go on this rant because a good friend of mine(who I consider one of the sharpest people I know), was seeking a job in an offshore book after a 2 year layoff and nobody was hiring because they couldnt "afford" him, at least 6 books he spoke to had a guy who couldnt tie his own shoes, much less run a sportsbook. Remeber, "you get what you pay for" and it couldnt be more true when looking for quality help!
 

ODU GURU
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Chips,

You looking for a job, lol?
icon_wink.gif
 

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Shrink, lol, Thank god I am not looking for work, I cant afford my habbits on $4/hr
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I think it has more to do with being underfunded and not being able to ride out some bad times. Moreover, not having the cash to fund advertising and decent help will stiffle the business as well, but players have to be payed immediately and when a book is underfunded and makes a player wait the outcome is only negative, lets be "real" whom is going to refer a friend when the book did not pay promptly, a friend will not be a friend much longer if the book slow pays!
 

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Chips, I can tell you that no one has a $4 per hour line manager. I would say that 95% of the lines managers are not locals. The few that are locals are very experienced or they would not be in that seat to begin with.

PS- Eric you can edit your posts.
 

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Gringo,do know some shops that under pay from top to bottom.The hot seat is no place to save money.
 

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Sorry about that Gringo! I will do that or maybe just take a quick peek before I post it!
 

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Gringo, I have seen it with my own eyes, there are many books that are saving money by hiring a local clerk to be the head man, maybe not $4/hr maybe its closer to $6, BUT IT DOES HAPPEN, believe me!
 

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Judge I understand that, but there are just some things that you cant "teach" someone, you either have it or you dont. These games these wiseguys will play with fake plays, beards, circumventing limits, scams, bonus whores, past posters, etc... You just dont save money woth your top guy, point well taken about sharp locals though its just not the same.
 

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I hear you,but there are some ticos down here who have learned their shit.I have discussed the principals of the biz with them and they get it.I worked with alot of Gringos who could never get it.So don't think it is as much of a cultural thing as it is a person by person thing.I do agree that for the most part you get what you pay for.
 

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One of the MAIN reasons books fail is because someone at the TOP has a very BIG childish EGO and it causes them to make very Foolish and UNPROFESSIONAL decisions based on that EGO.

With that said how can they really make good business decisions?

When a leader let's his EGO guide him and the company...it ALWAYS sets the WRONG course for success but the right course for FAILURE
 

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