How Hard Is It To Make Money Booking Offshore?

THE SHRINK · Oct 6, 2004

After speaking with several prominent bookmakers recently, it appears to me that many of them are frustrated. They tell me that it keeps getting harder and harder for them to make a significant profit. One of them cites the "reduced juice" being offered in many shops as one of the reasons. But perhaps even more significant is that the average "square" is so much sharper today than ten years ago. With profit margins so thin nowadays, many are looking to sell. What worries me is that given the horrendous August that these bookies underwent in Baseball and combined with a lackluster Football season thus far, will we start seeing some more sports books folding?

I'd love to hear what others have to say regarding this topic and perhaps some bookmakers can join in...

Thanks,

THE SHRINK

vinividivinci · Oct 6, 2004

Here comes trouble, boys.

VVV

bigbet1234 · Oct 6, 2004

Surely the books made money on Monday night, and on Sunday.

If they are good, they will make money. Just like a good handicapper, we all suffer the downfalls, but stick with it and it turns

BB

Journeyman · Oct 6, 2004

Oh My Goodness...

golfingarkansas · Oct 6, 2004

first time i have useda local in three yrs is now! I'm not going through this
many hoops to send money and collect winnings! i can take rx info and old stale
lines my local uses and manke plenty of money

drunk · Oct 6, 2004

The credit shops that no one in here know about that share office space together too cut expenses all still make plenty of money.

Brock Landers · Oct 6, 2004

The law of averages still exists in the offshore industry i am sure, given enough time, they will come out plenty ahead.

THE SHRINK · Oct 6, 2004

bigbet,

Almost every sports book I spoke with LOST on Sunday and many were lucky to break EVEN on Saturday...

THE SHRINK

Journeyman · Oct 6, 2004

i AGREE IT WOULD BE GREAT TO FIND A SOLID LOCAL AT THIS POINT...THE THINGS YOU CAN LEARN AND ALL THE INFORMATION NOW...YOU COULD CRUSH THE AVG JOE BAR BOOKMAKER...

D2bets · Oct 6, 2004

Maybe if they'd stop sending me, and everybody else on the planet, a half dozen magazines and other mailings every NFL season they'd have a higher profit margin. Tell them to quit wasting money on marketing and concentrate on offering a better product and managing their risk better.

dimeplayersonly · Oct 6, 2004

Surely the books made money on Monday night, and on Sunday
no.....very doubtful.....

SHRINK......for once i can agree with you, i have been saying the same thing for quite awhile..........

the big shops that have been in business over 7 years will be alright......

the smaller offshore shops.....will have to make some changes.......

one shop that i know of.......is concentrating on beating "whale type squares"
instead of focusing on attracting more business....(because of the reasons you gave....sharper, reduced juice ect)

trying to beat a few big players can reap substantial profits.......a 20 dime player on football can easily blow half a mil or more......

and not to sound the alarm............baseball was brutal and football is bad....

btw.....a good indicator of how bad foots have been....parlay cards......in over 10 years i have never had back to back losing weeks on parlay cards.......last two weeks it happened......

michael777 · Oct 6, 2004

bookies always cry :baby:

miaplus3 · Oct 6, 2004

Many can 'cap better, but its the greed, that will always work in the bookmakers favor

TheGeneral+ · Oct 6, 2004

There is simply so much more info around and available unlike past years. The average gambler starting up has so many more resources than they did even a year ago I suppose. Just alot more info out there for the players than there used to be. Local bookies around here are giving up on phone messages, because they get beat to the moves so much nowadays.

wilheim · Oct 6, 2004

over 10 years i have never had back to back losing weeks on parlay cards.......

That is amazing - I can remember selling home made parlay cards ( a small toy printing press in my cellar) out of a bar back in the 70s. Many weeks not a single card out of 60 or 70 that were played for real money cashed. Of course in those day players had to play at least 4 teams and ties lost, in fact many cards had split lines eg. take 6 lay 7 or over 38 under 36..
:neenee:

wil.

THE SHRINK · Oct 6, 2004

Wil,

Oh, I remember those days well and I think I may have purchased some of those cards that never won....:neenee:

BoratSagdiyev · Oct 6, 2004

That was you!?!? I want 20% back on my losses.

wilheim said:
That is amazing - I can remember selling home made parlay cards ( a small toy printing press in my cellar) out of a bar back in the 70s. Many weeks not a single card out of 60 ro 70 that were played for real money cashed. Of course in those day players had to play at least 4 teams and ties lost, in fact many cards had split lines eg. take 6 lay 7 or over 38 under 36..
:neenee:

wil.

bigbet1234 · Oct 6, 2004

it is still very early in the year. books will get their money from most.

stick with the big boys, pinny, oly, wwts, legendz, itops, dog and VIP group etc and you will be fine.

do you like adding fear to the forum. again, you come in and say " ALL BOOKS I TALK TO ARE LOSING MONEY"" again, adding fear. Fine voice you opinion, but then you will have people asking names, which you wont say.

anyways......same ole' **** different day. dont you have another vacation to take!?!?!?:toothless

BB

WildBill · Oct 6, 2004

Good, consolidation cant come quick enough. My sources have been crying just as much.

dimeplayersonly · Oct 6, 2004

WIL..............my cards all ties lose, college and pro on the same card....side only...not totals........only key numbers, i wait until late tuesday to print...to get the early line moves....

almost nil "sharp" action.........mostly from people who dont give straight action.....all cards in by friday........no call in sat or sunday...(sharps will do this to take advantage of moves)