Many bookmakers fall asleep at the wheel,.....

Fishhead · Jan 20, 2005

........and come the end of the day they wonder why they are in the RED.

They attribute it to bad luck, competition, expenses, etc.,

But in truth, they are asleep at the wheel.

That or/and being lazy are a bad combination for the wannabe bookmaker.

Seen this over and over in the offshore world, as well as in Vegas over the years.

Like an astute poster once stated, why would one attempt to open up a moderately risky(at best) sportsbook offshore, when they can stay at home and make more with less risk?

Good question, here are a few answers.........

Greed
Ego
Easy(they think)

Obviously all start-up offshore sportsbooks do not fit this bill, but the majority do!

Like JMAN stated, there is NO reason for a player in todays sportsbetting MARKET that should be losing, if they really DESIRE not to, and in fact should be making a very nice profit.

JudgeWapner · Jan 20, 2005

Fish, all true.

jjgold · Jan 20, 2005

any book dealing -110 are all loaded with cash

all books will eventually all go back to -110 except Pinnacle

Tons of plays will play -110 line without ever touching juice

Books do you want to hire me to consult??

I urge books to go to -110 and you will be rich

Journeyman · Jan 20, 2005

I think most guys just like action....its not hard AT ALL to find more winners than losers...All this sharp action BS....

Its MONEY MANAGEMENT, anyone can pick more than enough winners vs losers, I firmly believe this...

D2bets · Jan 20, 2005

jjgold said:
any book dealing -110 are all loaded with cash

Come on coach, you know that isn't true. Plus, -110 is only part of the equation. 1/2 point in hoops is usually worth more than the difference between -110 and -105.

Not to mention a book without diversified volume can be subject to some big runs by sharp players if they don't play their cards right.

Sure, players have the -110 vig to deal with but books have overhead and expenses to deal with.

No book dealing -110 should have a "gambling loss" but that's not always enough to cover business expenses.

Volume, volume, volume and going forward -110 books are going to have more and more trouble achieving this.

For the most part, I think a book would be better off dealing -107 if they can get volume and hold down advertising and other expenses. Better model.

sherman · Jan 20, 2005

Fish, would you mind expanding on this a little?

"Like JMAN stated, there is NO reason for a player in todays sportsbetting MARKET that should be losing, if they really DESIRE not to, and in fact should be making a very nice profit"

victorygallop · Jan 20, 2005

too many scalpers and bonus ho's.

Fishhead · Jan 20, 2005

sherman said:
Fish, would you mind expanding on this a little?

"Like JMAN stated, there is NO reason for a player in todays sportsbetting MARKET that should be losing, if they really DESIRE not to, and in fact should be making a very nice profit"

Sherman, would be more than happy to just for you.

Do you REALLY want to win or are you just going through the motions and happy with the thrill of the action?

Ask yourself that

SHERMAN, i can tell from your posting that you are a HIGHLY intelligent individual. There is no doubt in my mind if you TRULLY DESIRE and get the I AM GOING TO WIN attitude that there is no way you will lose!

YOU HAVE TO WANT TO WIN!

That is the BIGGEST step that so MANY sportsbettors have to overcome and get into their minds.

I would get the mindset that YOU WILL BE DAMNED IF YOU LET THE BOOKIE beat you...........GET PISSED, BUT STAY FOCUSED!

REFUSE TO LOSE!!

Sorry, rambling, but this is the FIRST STEP a successful gambler must adopt before moving on.

Now once you get this attitude, you will find unlimited oppurtunities in the offshore world.

Sherman, you know EXACTLY what it takes to win dont you?

LINE SHOPPING
MONEY MANAGEMENT
SOLID INFORMATION
HARD WORK

Now seriously, how in the world are you going to lose Sherman?

Answer---YOU DONT CARE IF YOU WIN OR NOT!

CARE ABOUT NEVER LOSING EVER AGAIN!!

jjgold · Jan 20, 2005

Fishhead do you still owe 80 Dimes on a credit card??

Thanks

Hey great info in thread though and very valuable to posters

Journeyman · Jan 20, 2005

Gamblers throw away too much on TV games...I will be the first to admit it...like I said its not hard to pick more winners than losers...its knowing when not to play, and not betting just for the action...

D2bets · Jan 20, 2005

One other thing...like the old saying goes -- IT TAKES MONEY TO MAKE MONEY. I think this applies to sportsbetting as well, and ties in with money management. In many ways it's easier to manage a 50K bankroll over a 500 dollar bankroll (assuming you're disciplined) because a 500 bankroll really should only be betting 10-15 bucks per. But that doesn'y satisfy most. Plus that doesn't allow you to open up a sufficient number of accounts to shop and doesn't really give most people the incentive to do the hard work and get the good information.

...and I've also seen a lot of players with small bankrolls that have UNREALISTIC EXPECTATIONS thinking they can make 5000 in a year off of their 500. This is just as hard, if not harder, then a 50K bankroll player making 500K off of it.

Fishhead · Jan 20, 2005

Let me give you a SMALL example Sheman.

Lets talk about the free contests that are offered here and at other forums becasue it brings out an easy example of what I am explaining in the above post that involves the entire sportsbetting market.

When you enter them, do you enter them and put a half-ass effort into it?

Personally, I do EVERYTHING that is within the rules to win that contest because I HATE TO LOSE .........and have won many solely on that factor............certainly not because I am brighter or smarter than anybody else.

The same applies when I am betting a game, I make sure that game fits my criteria because i literally want to win EVERY game i wager on.

I totally realize they may sound EASY, but it is not.

And i know you are looking for more specific answers.

See ya at the bash to discuss more, I am a terrible writer, especially when trying to explain concepts.

Fishhead · Jan 20, 2005

D2bets said:
One other thing...like the old saying goes -- IT TAKES MONEY TO MAKE MONEY. I think this applies to sportsbetting as well, and ties in with money management. In many ways it's easier to manage a 50K bankroll over a 500 dollar bankroll (assuming you're disciplined) because a 500 bankroll really should only be betting 10-15 bucks per. But that doesn'y satisfy most. Plus that doesn't allow you to open up a sufficient number of accounts to shop and doesn't really give most people the incentive to do the hard work and get the good information.

As always, EXCELLENT post.

sherman · Jan 20, 2005

Fish, what you say makes perfect sense.

I have always considered myself a very good capper...dont know how to explain it other than i get a feel for the games.....

my problem has always been discipline (in alot of areas in my life)
with sportsbetting, i usually chase, play just for action or if its online, lose it in the casino. so u are right....i know what to do, just a matter of applying it....

of course i dont bet sports for a living and am a very small bettor compared to most here, but there is no reason i shouldnt focus in and win.....

besides, i d plan to wager more as i start to make more money.....(over the next couple of years)

thanks fish, you are great.....i hope i can make it to the bash, love to talk with ya....

things i need to talk to fish about:
1. teasers (i can't wait, i gotta hear this)
2. video poker
3. winning sportsbetting "rules"

sherman · Jan 20, 2005

D2bets said:
One other thing...like the old saying goes -- IT TAKES MONEY TO MAKE MONEY. I think this applies to sportsbetting as well, and ties in with money management. In many ways it's easier to manage a 50K bankroll over a 500 dollar bankroll (assuming you're disciplined) because a 500 bankroll really should only be betting 10-15 bucks per. But that doesn'y satisfy most. Plus that doesn't allow you to open up a sufficient number of accounts to shop and doesn't really give most people the incentive to do the hard work and get the good information.

...and I've also seen a lot of players with small bankrolls that have UNREALISTIC EXPECTATIONS thinking they can make 5000 in a year off of their 500. This is just as hard, if not harder, then a 50K bankroll player making 500K off of it.

well said

Fishhead · Jan 20, 2005

Sherman-- Take a look at the photo of me below. I have had approximently 18 beers in me, there are tons of beautiful women that want to dance with me, a few guys that want to kick the crap out of me because I am using up the stall, and an irrate bar owner telling me to shut the door(had to keep open for lighting).

HOWEVER, THE ONLY THING concerning me was to make sure I was hedging a certain wager of mine and figuring out what I should do with a game starting in 15 miniutes.

I threatened to knock two guys through the adjacent wall if they didnt leave me alone for 2 miniutes and I told the bartender to call the police if it was bothering you.

sherman · Jan 20, 2005

fish....did u win the bet?

Fishhead · Jan 20, 2005

sherman said:
fish....did u win the bet?

YES

sherman · Jan 20, 2005

gotta love when them "shitty" bets win!

sherman · Jan 20, 2005

Many bookmakers fall asleep at the wheel,.....

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