Could a book split the vig between winning wagers and losing wagers and is there any huge reason they do not (other than tradition and customers not liking change.)
Is there any really reason a book could not charge 5% on losses and 5% (of wager) on wins? I don't know if that would bother me or not.... Would the players rebel and move on to other books?
One thing I see is that if people lose more than they win then this strategy would actually LOWER the book's revenue, wouldn't it? Players would not like their winning wagers being reduced by 5% of wager amount and the book's revenue would go down, I believe.
I guess maybe I answered my own question. Anyone have any insights or thoughts on how books might change their structure a little to make themselves more profitable and yet maintain or increase player satisfaction?
REMEMBER, this question(s) of mine may sound silly but a little over 80 years ago, there was no such thing as a point spread! Everything was MoneyLine. The point spread allowed a simple process for picking a side in football and changed the whole industry...such a simple concept!! tulsa
Is there any really reason a book could not charge 5% on losses and 5% (of wager) on wins? I don't know if that would bother me or not.... Would the players rebel and move on to other books?
One thing I see is that if people lose more than they win then this strategy would actually LOWER the book's revenue, wouldn't it? Players would not like their winning wagers being reduced by 5% of wager amount and the book's revenue would go down, I believe.
I guess maybe I answered my own question. Anyone have any insights or thoughts on how books might change their structure a little to make themselves more profitable and yet maintain or increase player satisfaction?
REMEMBER, this question(s) of mine may sound silly but a little over 80 years ago, there was no such thing as a point spread! Everything was MoneyLine. The point spread allowed a simple process for picking a side in football and changed the whole industry...such a simple concept!! tulsa