How much money could you make...

PurplePeopleEater · Jan 10, 2007

if you were a bookie that sent your clients through a sportsbook? sure this is happening in a bunch of places.

you could set some of limit up with sportsbook. it would take some cash flow, maybe or maybe not depending on the deal one could strike up with a sportsbook.

seems as if a bookie would be making free money from sportsbook as well as winnings from players. a double whammy!

any thoughts?

Dubpoet · Jan 10, 2007

40% of what he would have made doing it himself.

ivyconniver · Jan 10, 2007

I've always thought that you could take all the action you wanted, keep the 5% vig on all matched up wagers, then pawn the rest off onto the sportsbook.

Problem is, you'd get killed by people who don't pay.

trytrytry · Jan 10, 2007

actually the thing to do is set up an account at a shop that takes $1 miniumum bets on line. fund it with $50. Then with your guys wagering with you have each $1 bet stands for $100 for example and a guy can wager on line on that nice platform and you and he settle up outside based on units won or lost. its a nice way to do it....

punter · Jan 10, 2007

trytrytry said:
actually the thing to do is set up an account at a shop that takes $1 miniumum bets on line. fund it with $50. Then with your guys wagering with you have each $1 bet stands for $100 for example and a guy can wager on line on that nice platform and you and he settle up outside based on units won or lost. its a nice way to do it....

I assume that with that tiny minimum that they don't have phone in's so you would still be left answering the phone yourself?

PurplePeopleEater · Jan 10, 2007

people it is being done right now.

only problem is with peeps that don't pay?
all peeps pay eventually or you take a loss here and there.

i know a guy that is doing it now and i am trying to figure out how much free money he is making.

How much money could you make...

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